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
years012345−20 0006 0006 0006 0006 0006 000

A project costs €20 000 today and returns €6 000 at the end of each year for 5 years. The required rate of return is 10%. Find the net present value NPV.

r = 10%CF0 = −20 000CF1 = 6 000CF2 = 6 000CF3 = 6 000CF4 = 6 000CF5 = 6 000
NPV = €
2.Easy
years0123−25 00012 50012 50012 500

A project costs €25 000 today and returns €12 500 at the end of each year for 3 years. The required rate of return is 15%. Find the net present value NPV.

r = 15%CF0 = −25 000CF1 = 12 500CF2 = 12 500CF3 = 12 500
NPV = €
3.Medium
years01234−75 00022 00035 00024 00033 000

An investment of €75 000 gives these cash flows at the end of years 1 to 4: €22 000, €35 000, €24 000, €33 000. The cost of capital is 15%. Find the net present value NPV.

r = 15%CF0 = −75 000CF1 = 22 000CF2 = 35 000CF3 = 24 000CF4 = 33 000
NPV = €
4.Medium
years0123…9−100 00012 000+2%+2%…r = 11%, NPV = ?

A project costs €100 000 today. It generates €12 000 at the end of the first year, and the cash flow then grows by 2% per year forever. The cost of capital is 11%. Find the net present value NPV.

C0 = €100 000CF1 = €12 000g = 2%r = 11%
NPV = €
5.Hard
years01234−20 00011 0007 50011 00011 500

A project costs €20 000 and returns €11 000, €7 500, €11 000, €11 500 at the end of years 1 to 4. 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 = −20 000CF1 = 11 000CF2 = 7 500CF3 = 11 000CF4 = 11 500
MIRR = %
6.Hard
years01234−10 0004 5005 0004 0003 500

A project costs €10 000 and returns €4 500, €5 000, €4 000, €3 500 at the end of years 1 to 4. Cash flows can be reinvested at the cost of capital of 6%. Find the modified internal rate of return MIRR in percent.

r = 6%CF0 = −10 000CF1 = 4 500CF2 = 5 000CF3 = 4 000CF4 = 3 500
MIRR = %

Answer key

  1. 1. NPV = 2745 €
  2. 2. NPV = 3540 €
  3. 3. NPV = 5244 €
  4. 4. NPV = 33333 €
  5. 5. MIRR = 23.14 %
  6. 6. MIRR = 16.97 %

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