Knowing that a total of $5m should be received at the end of the year, ($2.6m present value + $0.096m unwinding of interest) + ($1.13m present value + $0.096m unwinding of interest) should have given us $5m right ?
I don’t think that you’ve incorporated all of the payments to be received in your calculations above. There are three payments and I think you’ve only accounted for two of them.