Present Value of a Project Consider the following information about a project. What is the NPV. PGI Vacancy Expenses (% of EGI) Growth in PGI 3% Hold period years Terminal cap rate Discount rate Initial cost 10,000 5.0% 10.0% 3.0% 5.0% 9.0% 12.0% 90,000 BE Excel homework student template Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Calibri (Body) 11 A Custom Conditional Formatting Forma: as Table WO Delete Format Sort & Ideas Find Select AL AM AN AP AQ AR AS AT AU AV AW AX 9 0 1 2 3 5 PGI Vacancy Expenses (of EGI) Growth in PGI 3% Hold period years Terminal cap rate Discount rate Initial cost 10000 5.0% 10.0% 3.ON S.ON 9.ON 12.ON 90,000 Initial Cost PGI Vacancy EGI Expenses NOI Sales Price Cash flows NPV 12%