Principles of Corporate Finance

IM&C’s Guano Project

w NPV using nominal cash flows

( ) ( ) ( ) ( )

( ) ( )

3 , 519 or $3,519,000

1. 20

3 , 444

1. 20

6 ,^110

1. 20

10 , 136

1. 20

10 , 685

1. 20

6 , 205

1. 20

2 , 381

1. 20

12 , 000 1 ,^630

6 7

2 3 4 5

• 
  
  
  
  • =
  
  
  
  

NPV = − − + + + +