I would appreciate any consideration given to the question I have with respect to a document published by the UK Dept. of Transport.
Here, on page 20 (Table 11) of this report, the authors use standard discounted cash flow methods for discounting future costs/future monetisable benefits.
In particular, with an actuarial year of life lived (YLL) set equal to £60,000, they estimate that in 3.92 YLLs in 2012 should be worth £228,476.34.
However, when I use standard discounting formulas in which £60,000 is discounted by 0.015; or discount YLLs by 0.015, I can only seem to get approximately £228,114.
If someone with expertise had 10 mins to sink their teeth into this, would it possible to show how £228,476.34 on Table 11 was obtained please?