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The calculation of NPV involves three simple yet nontrivial steps. The first step is to identify the size and timing of the expected future cash flows generated by the project or investment. The second step is to determine the discount rate or the estimated rate of return for the project. The third step is to calculate the NPV.The Investment Decision software makes the above steps easy, fun and instructive. This version is the first release on CNET Download.com.

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