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
years01234−25 0008 5008 5008 5008 500

A project costs €25 000 today and returns €8 500 at the end of each year for 4 years. The required rate of return is 9%. Find the net present value NPV.

r = 9%CF0 = −25 000CF1 = 8 500CF2 = 8 500CF3 = 8 500CF4 = 8 500
NPV = €
2.Easy
years012345−60 00015 5009 00023 00023 00023 500

A project costs €60 000 today and returns €15 500, €9 000, €23 000, €23 000, €23 500 at the end of years 1 to 5. Assume cash flows arrive evenly through each year. Find the payback period PB in years.

CF0 = −60 000CF1 = 15 500CF2 = 9 000CF3 = 23 000CF4 = 23 000CF5 = 23 500
PB = years
3.Medium
years01234−75 00019 00024 00020 00028 000

An investment of €75 000 gives these cash flows at the end of years 1 to 4: €19 000, €24 000, €20 000, €28 000. The cost of capital is 10%. Find the net present value NPV.

r = 10%CF0 = −75 000CF1 = 19 000CF2 = 24 000CF3 = 20 000CF4 = 28 000
NPV = €
4.Medium
years0123−30 00012 00014 0007 000

An investment of €30 000 gives these cash flows at the end of years 1 to 3: €12 000, €14 000, €7 000. The cost of capital is 9%. Find the net present value NPV.

r = 9%CF0 = −30 000CF1 = 12 000CF2 = 14 000CF3 = 7 000
NPV = €
5.Hard
years01234−50 00026 00017 50025 00020 500

A project costs €50 000 and returns €26 000, €17 500, €25 000, €20 500 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 = −50 000CF1 = 26 000CF2 = 17 500CF3 = 25 000CF4 = 20 500
MIRR = %
6.Hard
years0123…10−200 00022 000+4%+4%+4%r = 8%, NPV = ?

A project costs €200 000 today. Its cash flow is €22 000 at the end of year 1 and grows by 4% per year until the last cash flow at the end of year 10. The cost of capital is 8%. Find the net present value NPV.

C0 = €200 000CF1 = €22 000g = 4%n = 10r = 8%
NPV = €

Answer key

  1. 1. NPV = 2538 €
  2. 2. PB = 3.543 years
  3. 3. NPV = −3742 €
  4. 4. NPV = −1802 €
  5. 5. MIRR = 19.12 %
  6. 6. NPV = −27102 €

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