6-9 Net present Value $466,000 Example- continued $450.000 $16,000 $16,000 $16,000 Present value 0 14. 953 14953 380.395 S409,323 Irwin/McGraw-Hill CThe McGraw-Hill Companies, Inc, 2001©The McGraw-Hill Companies, Inc.,2001 6- 9 Irwin/McGraw-Hill Net Present Value 0 1 2 3 $16,000 $16,000 $16,000 $450,000 $466,000 Present Value 14,953 14,953 380,395 $409,323 Example - continued