Graph: A = Cash TodayB = - (1 + Int Rate)C = A - investment D = C + Total PV of projects E = D * (1+Int Rate)F = (D - C) * ( 1 + Int Rate)A – C = Cost of Real AssetsD - C = Real Inv. PVD – A = Real Inv. NPVF / (A - C) – 1 = Avg. Rate of ReturnE / D = Marginal Rate of Return