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Year 0 Investment Discount Rate X Y 18.00% (15,135) (15,230) 8,150 7,500 5,050 6,000 6,800 7,500 1 X Y (15,135) (15,230) 6,907 6,356 3,627 4,309

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Year 0 Investment Discount Rate X Y 18.00% (15,135) (15,230) 8,150 7,500 5,050 6,000 6,800 7,500 1 X Y (15,135) (15,230) 6,907 6,356 3,627 4,309 4,139 4,565 (463) (0) 2 3 NPV =

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