Washi Co

Sir, for Appendix 2, the cash flows in ARD from project year 1-4, its receipt except for time 0 which is payment

Why the examiner using the lower rate for year 1 to 4 CFs? which should use 0.74 x(1.09/1.015)^2 for project year 1 start at year 2 from now?(higher rate)

Thanks