Answers
NPV = pv of inflow - pv of outflow
Pv of inflow = (150000-34%)*pvaf(14%,5) + (30000-34%)*pvf(14%5)
= 99000*3.433 + 19800*.5198
=339867 + 10292
= 350159
Pv of outflow = initial investment = 400000
Hence, npv = 400000-350159 = 49841
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