NPV IRR PBP formulasThe Drillago CompanyCalculation of the NPV, IRR, and the Payback PeriodFacts of case:maturity (n)10yearscost-of-capital (k)13%Initial outlay (pv)$15,000,000Excel function14.7630974%EstimatedTrial and error0.14763097CashNPV TechniqueIRR TechniqueYearOutflows/InflowsPVPVPayback Technique0$(15,000,000)-15000000.00-15000000.001600,000530973.45522816.14$(14,400,000)21,000,000783146.68759268.67$(13,400,000)31,000,000693050.16661596.53$(12,400,000)42,000,0001226637.461152977.82$(10,400,000)53,000,0001628279.811506988.54$(7,400,000)63,500,0001681114.851531984.87$(3,900,000)74,000,0001700242.571525612.24$100,0000.0386,000,0002256959.171994036.77$6,100,00098,000,0002663078.672316699.14$14,100,0001012,000,0003535060.183028019.27$26,100,0001,698,543.00(0.03)6.03yearsRecap:NPV$1,698,543Accept the project as the NPV > 0.IRR14.76%Approximately as it equates the NPV to Zero.Accept the project as the IRR (14.76%) > Cost of Capital (13%)Payback6.03years approximately