NPV & IRR worksheet with answers

Free printable NPV & IRR worksheet: 6 problems from easy to exam level, with an answer key. Print it or save it as a PDF.

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Name: ____________________   Date: ____________

1.Easy
years0123−10 0004 0004 0004 000

A project costs €10 000 today and returns €4 000 at the end of each year for 3 years. The required rate of return is 12%. Find the net present value NPV.

r = 12%CF0 = −10 000CF1 = 4 000CF2 = 4 000CF3 = 4 000
NPV = €
2.Easy
years0123−40 00017 00017 00017 000

A project costs €40 000 today and returns €17 000 at the end of each year for 3 years. The required rate of return is 9%. Find the net present value NPV.

r = 9%CF0 = −40 000CF1 = 17 000CF2 = 17 000CF3 = 17 000
NPV = €
3.Medium
years0123…9−250 00024 000+2%+2%…r = 10%, NPV = ?

A project costs €250 000 today. It generates €24 000 at the end of the first year, and the cash flow then grows by 2% per year forever. The cost of capital is 10%. Find the net present value NPV.

C0 = €250 000CF1 = €24 000g = 2%r = 10%
NPV = €
4.Medium
years01234−60 00026 00021 00025 00013 000

An investment of €60 000 gives these cash flows at the end of years 1 to 4: €26 000, €21 000, €25 000, €13 000. The cost of capital is 6%. Find the net present value NPV.

r = 6%CF0 = −60 000CF1 = 26 000CF2 = 21 000CF3 = 25 000CF4 = 13 000
NPV = €
5.Hard
years0123−40 00012 00017 00014 500

A project costs €40 000 and returns €12 000, €17 000, €14 500 at the end of years 1 to 3. Cash flows can be reinvested at the cost of capital of 8%. Find the modified internal rate of return MIRR in percent.

r = 8%CF0 = −40 000CF1 = 12 000CF2 = 17 000CF3 = 14 500
MIRR = %
6.Hard
years012−40 00025 50030 000

A project costs €40 000 and returns €25 500, €30 000 at the end of years 1 to 2. Find its internal rate of return IRR in percent.

CF0 = −40 000CF1 = 25 500CF2 = 30 000
IRR = %

Answer key

  1. 1. NPV = −392.7 €
  2. 2. NPV = 3032 €
  3. 3. NPV = 50000 €
  4. 4. NPV = 14506 €
  5. 5. MIRR = 5.415 %
  6. 6. IRR = 24.16 %

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