Can you explain how they calculate the value of NPV?
Extracted text: 1. Project Development time (hrs.) Initial investment 1,250 hrs*$52 = $65,000 400 hrs*$52 = $20,800 Calendar/email Expense report Tracking program Spreadsheet program 1,250 400 750 hrs*$52 = $39,000 2,500 hrs*$52 = $130,000 1,875 hrs*$52 = $97,500 6,250 hrs*$52 = $325,000 750 2,500 1,875 6,250 Total time: 13,025 hrs. Web browser Trip planner Year Discount factor Project Tracking Spreadshee t program 0.10 Web Calendar/ email Expense report 0.05 planner 0.05 browser program 0.05 -0.10 0.15 -$65,000 $750,000 $675,000 $607,500 -$20,800 $250,000 $262,500 $275,625 -$39,000 $500,000 $525,000 $551,250 -$130,000 $1,000,000 $1,100,000 $1,210,000 -$97,500 $2,500,000 $2,875,000 $3,306,250 | $1,433,250 -$325,000 $1,300,000 $1,365,000 1 1 0.8929 0.7972 3 0.7118 NPV $1,575,155 $607,862 $1,218,324 | $2,501,025 | $6,779,899 | $2,944,043