Restate the above net cash flows in real terms. Discount the restated cash flows at a real discount rate. Assume a 21% nominal rate and 9% expected inflation. NPV should be unchanged at +1,748, or $1,748,000

($ thousands ) Period 0 1 2 -14,400 -1,664 3,1276 -14,400 -1,375 2,136 1,748 (sum of PVS) Net cash flow Present value at 21% Net present value 3 ,503 3,671 10,714 4,998 10,165 3,919 7 5,9373, 449 1,892 908 Restate the above net cash flows in real terms. Discount the restated cash flows at a real discount rate. Assume a 21% nominal rate and 9% expected inflation. NPV should be unchanged at +1,748, or $1,748,000. (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 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Real Net Cash Flows NPV