Restate the above net cash flow in real terms. Discount the restated cash flows at a real discount rate. Assume a 20% nominal rate and 10% expected inflation. NPV should be unchanged at +2,593, or $2,593,000.

($ thousands) Period 1 - 14,100 -1,634 3.097 - 14,100 -1,362 2.151 2,593 (sum of PVS) Net cash flow Present value at 20% Net present value 3 6,473 3.746 4 10.684 5,152 5 10,135 4,073 6 5.907 1,978 7 3.419 954 Restate the above net cash flows in real terms Discount the restated cash flows at a real discount rate. Assume a 20% nominal rate and 10% expected inflation. NPV should be unchanged at +2,593, or $2.593,000 (Negative answers should be indicated by a minus sign. Do not round Intermediate calculations. Enter your answers in thousands rounded to the nearest whole number.) Year o car 0 Year 1 Year 2 Year 3 Year 3 Year 4 Year 4 Year 5 ve Year 7 Net cash flows (real) Net present value References eBook & Resources