Net present Value



0
What is the NPV of 50 lakhs invested gives you a steady cash flow of Rs 15 lakhs a year assuming the interest rate to be 15%. The answer what I get is 35888 but the correct answer given is 28233. pl explain

1 Answer(s)


0

Year 1 = 1304346
Year 2 = 1134215
Year 3 = 986274
Year 4 = 857629
Year 5 = 745765
Total = 5028229 - 5000000 = 28229
I rounded yearly values.