PV @11% IL 0.9009 0.8116 0.7312 0.6587 0.5935 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Discount rate Nurse Triage Salaries $ (523,800) $ (549.990) $ (577,490) $ (606,364) $ (636,682) $ (668.516) Forecasted ER Cost Reductions $ 400,000 $ 800.000 $ 848,000 $ 900.577 955,512 $ 1,013,798 New IT Specialist's Salary $ (150,000) $ (154,500) $ (159,135) $ (163,909) $ (168,826) $ (173.891) Costs of Facility Renovations (30,000) $ $ $ Necessary Capital Equipment Purchases $ (117,000) $ (3.510) $ (3,510) $ (3.510] $ (3,510) $ (3.510) Net Cash Flow: $ (420,800] $ 92,000 $ 107 865 5 126,794 $ 146,494 $ 167,881 Present Values of Net Cash Flows: $ (420,800)| $ 82.883 87.543 92,712 96.496 $ 99.637 Undiscounted cumulative cash flow $ (420,800) $ (328,800) $ (220,935] $ (94,141] 52,353 $ 220,234 Discounted Cumulative cash flow $ (420,800) $ (337,917) $ (250,374] $ [157,662] $ (61,167] $ 38,471 Net Present Value: $ 38.471 Internal Rate of Return (IRR): Modified Internal Rate of Return (MIRRI: SPE Payback Period (# years): 3.223719106 Discounted Payback Period (# years]:] 4.14535884