npv

The details of an investment project are as follows:
Cost of asset bought at the start of the project $80,000
Annual cash inflow $25,000
Cost of capital 5% each year
Life of the project 8 years
The present value of the cash flows that occur in the second year
of the project is:

dear sir this a question from kaplan text which was required to find the present value
but i wanted to know that if the question had stated to calculate the net present value of the question then

is this correct?

year cash in/out d/f present value
0 -80000 1 -80000
1 25000 0.952
8 25000 6.463
year 2-8 25000 5.511 137775
npv +57775