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.

New worksheetPractise online with hints

For teachers: free to print, copy and use in class. Every new worksheet has new values and its own answer key. A link to ExamProblems on your course page is appreciated.

Name: ____________________   Date: ____________

1.Easy
years012345−10 0002 5002 5002 5002 5002 500

A project costs €10 000 today and returns €2 500 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 = −10 000CF1 = 2 500CF2 = 2 500CF3 = 2 500CF4 = 2 500CF5 = 2 500
NPV = €
2.Easy
years012345−40 00013 00013 00013 00013 00013 000

A project costs €40 000 today and returns €13 000 at the end of each year for 5 years. The required rate of return is 12%. Find the net present value NPV.

r = 12%CF0 = −40 000CF1 = 13 000CF2 = 13 000CF3 = 13 000CF4 = 13 000CF5 = 13 000
NPV = €
3.Medium
years0123−45 00022 00020 00021 000

An investment of €45 000 gives these cash flows at the end of years 1 to 3: €22 000, €20 000, €21 000. The cost of capital is 7.000000000000001%. Find the net present value NPV.

r = 7.000000000000001%CF0 = −45 000CF1 = 22 000CF2 = 20 000CF3 = 21 000
NPV = €
4.Medium
years0123−60 00021 00023 00013 000

An investment of €60 000 gives these cash flows at the end of years 1 to 3: €21 000, €23 000, €13 000. The cost of capital is 8%. Find the net present value NPV.

r = 8%CF0 = −60 000CF1 = 21 000CF2 = 23 000CF3 = 13 000
NPV = €
5.Hard
years0123−20 0007 00011 50012 000

A project costs €20 000 and returns €7 000, €11 500, €12 000 at the end of years 1 to 3. Cash flows can be reinvested at the cost of capital of 10%. Find the modified internal rate of return MIRR in percent.

r = 10%CF0 = −20 000CF1 = 7 000CF2 = 11 500CF3 = 12 000
MIRR = %
6.Hard
years012−10 0007 5004 000

A project costs €10 000 and returns €7 500, €4 000 at the end of years 1 to 2. Find its internal rate of return IRR in percent.

CF0 = −10 000CF1 = 7 500CF2 = 4 000
IRR = %

Answer key

  1. 1. NPV = −523 €
  2. 2. NPV = 6862 €
  3. 3. NPV = 10172 €
  4. 4. NPV = −10517 €
  5. 5. MIRR = 18.31 %
  6. 6. IRR = 11.03 %

Full step-by-step solutions: practise this topic on examproblems.com.