Discount rate 6%+6%*0.84 =11.04% FCF for 2008 27.9N - 334.8 FCF beyond 2008 increase % 2% PV of CF between 2001-2020 111.617N-7100 CF after 2020 1867 Total NPV 111.617N-7100 + 1867 Breakeven would occur at NPV = 0 Hence breakeven N 46.88 Thus, breakeven would occur at 47 places per year