Year

Cost

Benefit

Net benefit

NPV at r =:

15%

23%

31%

33.7%

1

133,350,434

0

−133,350,434

−115,956,899

−108,414,987

−101,794,224.4

−99,738,544.5

2

77,187,118

82,747,800

5,560,682

4,204,674.48

3,675,511.931

3,240,301.847

3,110,750.97

3

74,456,271

82,747,800

8,291,529

5,451,814.91

445,775.5444

368,992.6253

347,086.204

4

16,960,000

82,747,800

65,787,800

37,614,388.2

28,742,525

22,338,817.54

20,588,264.28

5

16,960,000

82,747,800

65,787,800

32,708,163.6

23,367,906.5

17,052,532.47

15,398,851.37

Total

318,913,823

330,991,200

12,077,377

−35,977,858

−52,183,268.02

−58,793,579.95

−60,293,591.68