Table 2d: Net Present Value (Project 4 Total = Project 4 ) Year $100,000 Cash outflows (initial investment and software expenses) Benefit inflow (better and more timely sales information) Net cash flow $15,000 595,000 $10,000 $105,000 $5,000 $85,000 $55,000 Discount Factor: Required rate of return (12%) Expected inflation rate (2%) Net present value