PLEASE INCLUDE FORMULAS FOR EXCEL

The Investment Detective Project Free Cash Flows (in $ Thousands) Project Number 1 2 3 5 6 7 8 ($2,000) Initial Investment (@time 0) Year 1 2 3 ($2,000) $1,666 334 165 ($2,000) $2,200 ($2,000) $1,200 900 300 90 70 ($2,000) $330 330 330 330 330 330 330 1,000 4 5 5 7 ($2,000) ($350) -60 60 350 700 1,200 2,250 (32,000) $160 200 350 395 432 440 442 444 446 448 450 451 451 452 -2,000 ($2,000) 280 280 280 280 280 280 280 280 280 280 280 280 280 280 280 2 9 10 11 12 13 14 15 10,000 $3,310 $2,165 $10,000 $3,561 $4,200 $2200 $2,560 $4,150 Sum of Cash Flow Benefits Excess of Cash Flow Over Initial Investment $1,310 $165 S8,000 $1,561 $2,200 $200 $560 $2,150 Net Present Value @ 10% Discount Rate Net Present Value @ 12% Discount Rate Net Present Value @ 15% Discount Rate Internal Rate of Return (IRR) Profitability Index (@10%) Payback Period Discounted Payback Period (@10%) Equivalent Annual Annuity (@10%) ) Rank the Projects 1st 2nd 3rd 4th 5th 6th 7th