Discount Rate: 10%

Year 1 2 3 4
Costs 800 800 400 400
Discount Factor 0.93 0.86 0.79 0.74
Discounted Costs 744 688 316 296
Benefits 300 500 700 900
Discount Factor 0.93 0.86 0.79 0.74
Discounted Benefit 279 430 553 666
 Total
= 116
= 6%
2044 = 4
2400

1928