($ thousands) Period 0 2 -1,634 -1,362 Net cash flow -14,100 3,097 2,151 10,135 5,907 3,419 6,473 3,746 10,684 5,152 Present value at 20% 14,100 2,593 4,073 1,978 954 Net present value (sum of PVs) 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 5 Year 0 Year 1 Year 7 Year 2 Year 3 Year 4 Year 6 Real Net Cash Flows (14,100) NPV 2,593