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diff --git a/2471/CH3/EX3.11/Ex3_11.sce b/2471/CH3/EX3.11/Ex3_11.sce
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+clear ;
+clc;
+// Example 3.11
+printf('Example 3.11\n\n');
+printf('Page No. 72\n\n');
+
+// given
+Cash_out = 80000;// Present value of cash outflow for both projects E and F
+r_r = .2;// Rate of return
+n = 5;// years
+
+d = [0.833 0.694 0.579 0.482 0.402]// Discount Factor for 20% of rate of return for 5 years
+Ce = [10000 20000 30000 40000 50000]// Cash flow for project E in Pound
+Pe = [8330 13880 17370 19280 20100]// Present value for project E in Pound
+
+Cf = [50000 40000 30000 20000 10000]// Cash flow for project F in Pound
+Pf = [41650 27760 17370 9640 4020]// Present value for project F in Pound
+
+Cash_inE = sum(Pe)//Present value of cash inflow in Pound
+Cash_inF = sum(Pf)//Present value of cash inflow in Pound
+
+Net_E = Cash_inE - Cash_out;// net present value for project E in Pound
+Net_F = Cash_inF - Cash_out;// net present value for project F in Pound
+
+if (Net_E>Net_F) then
+    disp('Project E is selected based on NPV')
+else
+    disp('Project F is selected based on NPV')
+end