The inputs and calculated results are presented in the following Table:

Table 1: Free Cash Flow Calculation

Parameter	Value	Definition
Cost of Capital		Cost of capital or discount rate
Initial Cash Flow		Initial cash outflow at time 0
NPV		Net present value which is the difference between cash outflow and cash inflows at the present time
IRR		Internal return rate which sets NPV to zero
Payback		Payback period (Expected time to recoup the investment)
MIRR		Modified internal rate of return which by reinvesting cash flows at the cost of capital

Sensitivity Study