Residual Value equal to zero

Residual Value ruqal to Initial Capital

5%

10%

15%

5%

10%

15%

Explicit period

−41,323.61

−56,550.05

−63,803.22

14,995.79

−20,278.20

−37,972.48

Terminal value

9750.24

9750.24

9750.24

13,746.24

13,746.24

13,746.24

Term value disc

57,585.46

8999.08

1974.60

81,186.01

12,687.23

2783.86

NPR + TV

16,261.85

−47,550.97

−61,828.63

96,181.85

−7590.97

−35,188.63

NPR/(NPR + TV)

0.1559

Term value disc

71,981.82

9998.98

2115.64

101,482.57

14,096.92

2982.70

NPR + TV

30,658.21

−46,551.07

−61,687.58

116,478.36

−6181.28

−34,989.78

NPR/(NPR + TV)

0.1287

Term value disc

95,975.76

11,248.85

2278.38

135,310.09

15,859.04

3212.14

NPR + TV

54,652.15

−45,301.20

−61,524.84

150,305.88

−4419.16

−34,760.34

NPR/(NPR + TV)

0.0998