Q) Your client is considering purchasing a home unit for investment and estimates the following costs and incomes over a 6-year period, at which time she anticipates selling the property.

Initial purchase price (including solicitor's fees etc)$275,000

Net income year 1$12,000

Net income year 2 & 3 & 4$18,000

Net income years 5 & 6$24,000

Selling price (less fees and commissions)$425,000

Question A) An interest-bearing deposit will yield a safe 14% on capital invested so your client would like to achieve at least 16% to compensate for the risks involved. Should she purchase the unit and what is the newly calculated IRR? Assume all receipts and payments are at the end of the relevant period.

Question B) In the above exercise now assume that the initial cash flow (corresponding to the net purchase price) is set to zero. Show all calculation steps. Indicate the new NPV of the future cash flows i.e what is the net price the investor should pay for the property to ensure a 16% return?

I finished Question A and I want to solve question B using my Sharp financial calculator

The provided process and answer is

CFi

0 Data

On/C

2ndF Cash 2ndF CA

16 (Discount Rate) ENT

Click the down arrow (NPV) Comp

= NPV 240,910

But when I follow the provided process my calculator shows

Net_PV = - 34,089.88

Please tell me the order of pressing buttons in detail.