By trial and error
Quarter | Cashflow | PV of cashflow |
1 | 70 | 64.59948 |
2 | 70 | 59.61562 |
3 | 70 | 55.01626 |
4 | 70 | 50.77174 |
5 | 70 | 46.85469 |
6 | 70 | 43.23984 |
7 | 70 | 39.90387 |
8 | 70 | 36.82528 |
9 | 70 | 33.9842 |
10 | 70 | 31.36231 |
11 | 70 | 28.9427 |
12 | 70 | 26.70977 |
13 | 70 | 24.6491 |
14 | 70 | 22.74742 |
15 | 70 | 20.99245 |
16 | 70 | 19.37288 |
17 | 70 | 17.87825 |
18 | 70 | 16.49894 |
19 | 70 | 15.22605 |
20 | 70 | 14.05135 |
21 | 70 | 12.96729 |
22 | 70 | 11.96686 |
23 | 70 | 11.04361 |
24 | 70 | 10.19159 |
25 | 70 | 9.40531 |
26 | 70 | 8.679688 |
27 | 70 | 8.010048 |
28 | 70 | 7.392071 |
29 | 70 | 6.821771 |
30 | 70 | 6.29547 |
31 | 70 | 5.809773 |
32 | 70 | 5.361547 |
33 | 70 | 4.947903 |
34 | 70 | 4.566171 |
35 | 70 | 4.21389 |
36 | 70 | 3.888787 |
37 | 70 | 3.588766 |
38 | 70 | 3.311892 |
39 | 70 | 3.056379 |
40 | 70 | 2.820578 |
41 | 70 | 2.60297 |
42 | 70 | 2.40215 |
43 | 70 | 2.216824 |
44 | 70 | 2.045795 |
45 | 70 | 1.887962 |
46 | 70 | 1.742305 |
47 | 70 | 1.607886 |
48 | 70 | 1.483837 |
49 | 70 | 1.369359 |
50 | 70 | 1.263712 |
51 | 70 | 1.166217 |
52 | 70 | 1.076243 |
53 | 70 | 0.99321 |
54 | 70 | 0.916584 |
55 | 70 | 0.845869 |
56 | 70 | 0.78061 |
57 | 70 | 0.720386 |
58 | 70 | 0.664808 |
59 | 70 | 0.613518 |
60 | 70 | 0.566185 |
61 | 70 | 0.522504 |
62 | 70 | 0.482192 |
63 | 70 | 0.444991 |
64 | 70 | 0.41066 |
65 | 70 | 0.378977 |
66 | 70 | 0.349739 |
67 | 70 | 0.322757 |
68 | 70 | 0.297856 |
69 | 70 | 0.274876 |
70 | 70 | 0.25367 |
71 | 70 | 0.234099 |
72 | 1070 | 3.302296 |
874.001 |
Pre-tax cost of debt = 8.36%
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