Beruflich Dokumente
Kultur Dokumente
NP 230,000
Per month
Depreciation
100,000
Operating Cost
Year Old asset New Asset Benefit Depreciation
100,000 4.5455
22,000
Net Benefit I Tax 40% Benefit after tax Depreciation Cash Inflow
12,000 0.5455
22,000
0.55
#DIV/0! x 12 months
9 x 12 months 10.7148
8 x 30 days 21
1.68
Req # 3 Discounted Pay Back period
100,000
(22,000 x 5.6502)
100,000 8.0448
12,430
Pack back
Years
1
2
3
4
5
6
9.4788
14
low
mulative PV Factor)
Req no. 4: Net Present Value
Years Cash Flow P.V. Factor Net Present Value
12%
0 (100,000) 1.0000 (100,000)
1 19,000 0.8929 16,964
2 28,000 0.7972 22,321
3 28,000 0.7118 19,930
4 28,000 0.6355 17,795
5 25,000 0.5674 14,186
6 22,000 0.5066 11,146
7 19,000 0.4523 8,595 5.6502
8 16,000 0.4039 6,462
9 13,000 0.3606 4,688
10 10,000 0.3220 3,220
Net Present Value 25,306
NPV 24,305
Req no. 4: Internal rate of return
25 / 20,825 + 4,443)
Example of M& U book
a) Return
Cash inflow during the project, excluding S.V. 208,000
Less: Depreciation (Total) (100,000)
Net income after depreciation 108,000 Return
b) Average Return
Average return ( Per year )= Net Income after depreciation 108,000 =
Economic Life 10
c) Average return on Original Investment
Average return on Original Investment = Average return x 100 =
Original Investment
Average return on Average Investment