Beruflich Dokumente
Kultur Dokumente
1. What are the appropriate costs of capital for the GPS transmitter and surveillance aircraft
projects?
WACC = ( ) + ( )(1 )
+ +
= 7.96%
Selling and
Corporate Administration software
Year Units Sales Cost of good sold Overhead Cost mainatenane CF before tax Tax CF after tax Initial cost NPV
1 5000 2,500,000.00 (1,750,000.00) (250,000.00) (750,000.00) (50,000.00) (300,000.00) (90,000.00) (390,000.00) 2,500,000.00 $ (611,011.01)
2 5500 2,750,000.00 (1,925,000.00) (250,000.00) (750,000.00) (50,000.00) (225,000.00) (67,500.00) (292,500.00)
3 6050 3,025,000.00 (2,117,500.00) (250,000.00) (750,000.00) (50,000.00) (142,500.00) (42,750.00) (185,250.00)
4 6655 3,327,500.00 (2,329,250.00) (250,000.00) (750,000.00) (50,000.00) (51,750.00) (15,525.00) (67,275.00)
5 7320.5 3,660,250.00 (2,562,175.00) (250,000.00) (750,000.00) (50,000.00) 48,075.00 14,422.50 62,497.50
6 8052.55 4,026,275.00 (2,818,392.50) (250,000.00) (750,000.00) (50,000.00) 157,882.50 47,364.75 205,247.25
7 8857.805 4,428,902.50 (3,100,231.75) (250,000.00) (750,000.00) (50,000.00) 278,670.75 83,601.23 362,271.98
8 9743.586 4,871,792.75 (3,410,254.93) (250,000.00) (750,000.00) (50,000.00) 411,537.83 123,461.35 534,999.17
9 10717.94 5,358,972.03 (3,751,280.42) (250,000.00) (750,000.00) (50,000.00) 557,691.61 167,307.48 724,999.09
10 11789.74 5,894,869.23 (4,126,408.46) (250,000.00) (750,000.00) (50,000.00) 718,460.77 215,538.23 933,999.00
Total 1,888,988.99
Selling and
Corporate Administration
Year Units Sales Cost of good sold Overhead Cost CF before tax Tax CF after tax Initial cost NPV
1 250 15000000 (13,500,000.00) (750,000.00) (2500000.00) (1,750,000.00) (525,000.00) (2,275,000.00) 2,500,000.00 19,925,000.00
2 500 30000000 (27,000,000.00) (750,000.00) (2500000.00) (250,000.00) (75,000.00) (325,000.00)
3 1000 60000000 (54,000,000.00) (750,000.00) (2500000.00) 2,750,000.00 825,000.00 3,575,000.00
4 1000 60000000 (54,000,000.00) (750,000.00) (2500000.00) 2,750,000.00 825,000.00 3,575,000.00
5 1000 60000000 (54,000,000.00) (750,000.00) (2500000.00) 2,750,000.00 825,000.00 3,575,000.00
6 1000 60000000 (54,000,000.00) (750,000.00) (2500000.00) 2,750,000.00 825,000.00 3,575,000.00
7 1000 60000000 (54,000,000.00) (750,000.00) (2500000.00) 2,750,000.00 825,000.00 3,575,000.00
8 1000 60000000 (54,000,000.00) (750,000.00) (2500000.00) 2,750,000.00 825,000.00 3,575,000.00
10 1000 60000000 (54,000,000.00) (750,000.00) (2500000.00) 2,750,000.00 825,000.00 3,575,000.00
Total 22,425,000.00