NPV Example ∑FCF NPV= Initial Outlay (1+k) PV of Benefits -PV of Costs PV of FCF S60,764 Subtracting the initial cash outlay of $60,000 leaves an NPV of $764. Since NPV 0,project is feasible. SJTU ACEM Instructor:Tangzongming 2014 spring 11-9NPV Example   PV of FCF = $60,764  Subtracting the initial cash outlay of $60,000 leaves an NPV of $764.  Since NPV > 0, project is feasible. SJTU ACEM Instructor:Tangzongming 2014 spring 11-9 - PV