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
years012345−80 00021 00021 00021 00021 00021 000

A project costs €80 000 today and returns €21 000 at the end of each year for 5 years. The required rate of return is 5%. Find the net present value NPV.

r = 5%CF0 = −80 000CF1 = 21 000CF2 = 21 000CF3 = 21 000CF4 = 21 000CF5 = 21 000
NPV = €
2.Easy
years01234−40 00016 50016 50016 50016 500

A project costs €40 000 today and returns €16 500 at the end of each year for 4 years. The required rate of return is 10%. Find the net present value NPV.

r = 10%CF0 = −40 000CF1 = 16 500CF2 = 16 500CF3 = 16 500CF4 = 16 500
NPV = €
3.Medium
years0123…9€80 000€3 000€3 000€3 000€3 000r = 12%, EAC = ?

A machine costs €80 000 today, lasts 9 years and costs €3 000 per year to run (paid at the end of each year). The cost of capital is 12%. Find its equivalent annual cost EAC.

C0 = €80 000M = €3 000n = 9r = 12%
EAC = €
4.Medium
years0123−30 0009 00011 0007 000

An investment of €30 000 gives these cash flows at the end of years 1 to 3: €9 000, €11 000, €7 000. The cost of capital is 7.000000000000001%. Find the net present value NPV.

r = 7.000000000000001%CF0 = −30 000CF1 = 9 000CF2 = 11 000CF3 = 7 000
NPV = €
5.Hard
years01234−50 00030 00016 00029 50028 000

A project costs €50 000 and returns €30 000, €16 000, €29 500, €28 000 at the end of years 1 to 4. Cash flows can be reinvested at the cost of capital of 12%. Find the modified internal rate of return MIRR in percent.

r = 12%CF0 = −50 000CF1 = 30 000CF2 = 16 000CF3 = 29 500CF4 = 28 000
MIRR = %
6.Hard
years0123−40 00019 00029 50020 000

A project costs €40 000 and returns €19 000, €29 500, €20 000 at the end of years 1 to 3. Find its internal rate of return IRR in percent.

CF0 = −40 000CF1 = 19 000CF2 = 29 500CF3 = 20 000
IRR = %

Answer key

  1. 1. NPV = 10919 €
  2. 2. NPV = 12303 €
  3. 3. EAC = 18014 €
  4. 4. NPV = −6267 €
  5. 5. MIRR = 25.3 %
  6. 6. IRR = 32.04 %

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