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C35 . x A B C D E F G 19 20 Initial Outlay 785000 21 Annual Savings 240000 264000 290400 319440 351334 22 Wt: 350% -35000 -35000 -35000 -35000 23 Net Cash ow 185000 205000 229000 255400 264440 366334 24 Discounted CF 765000 1663636364 1392561933 1913656002 1942763472 227495.633 25 26 Cumulative Cash Flow 660000 351000 95600 166340 555224 27 Nominal payback period 3.5062ABETS 23 29 Cumulative Disc CF 6936363636 4093661663 -217494_3651 23216_01739 2042776201 30 31 Disc Payback Period 4.113659142 32 33 Net present Value 204.277.5201 34 35 IRR 36 .39 v I\" Terminal value A B C D E F G 3? 33 Disc @12 % 1 0.8928571429 0.8928571429 0.8928571429 0.8928571429 0.8928571429 39 Terminal value 75000 40 Cash ow 785000 205000 205000 205000 205000 280000 41 Disc Cash ow 785000 1830357143 1830357143 1830357143 1830357143 250000 42 43 Nominal Payback Period 3329263293 44 Cumulative Disc Cashow 601964.285? 4189285714 2358928571 5285714286 1971428571 45 Disc Payback period 4268115943 45 Net Present Value 1971423571 47' IRR 8%