Consider the project described below:
Expected annual inflation rate	4%
Cost of capital (real rate)	5%
Corporate tax rate	30%
Year	0	1	2	3	4	5	Notes
Initial investment	200,000.00
Straight line depreciated to zero over 5 year life; Salvage value is zero
Revenue		80,000.00					Increases at 8% per year in nominal terms
Variable costs		20,000.00					Increases at 6% per year in nominal terms
Fixed costs		10,000.00					Increases at 1% per year in real terms
Completed the highlighted cells and find the NPV for the project