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\mbox{PVI} = \frac{\mbox{PV}[CF^+]}{\mbox{PV}[CF^-]}

where

In case of:

• Cash Flows

  LaTeX Math Inline
  body CF

   consist of only positive inflows starting from

  LaTeX Math Inline
  body t = 1

  :

  LaTeX Math Inline
  body --uriencoded-- \%7B CF%5et >0 \%7D _%7Bt>0%7D

   
• Cash Outflows 

  LaTeX Math Inline
  body --uriencoded--CF%5e-

   consist of only one initial investment 

  LaTeX Math Inline
  body I_0

  :

  LaTeX Math Inline
  body --uriencoded--CF%5e- = \%7B CF%5e-_0 = I_0, \ 0, \ 0, \ ... 0 \%7D

   

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