Determination of Cash Flows

0 1 2
Initial Investment in Fixed Asset (763,500,000.00)
Revenue
Normal Room 123,200,000.00 135,520,000.00
Suite 5,500,000.00 5,912,500.00
Conference cum Wedding Hall 12,000,000.00 12,900,000.00
Total Revenue 140,700,000.00 154,332,500.00
Recuring Expenses
Manager salary 1,800,000.00 1,890,000.00
Treasurer Salary 1,440,000.00 1,512,000.00
Receptionist salary 2,880,000.00 3,024,000.00
Workers Salary 576,000.00 604,800.00
Water & Electricity Expense 3,600,000.00 3,780,000.00
Cleaning expense 1,200,000.00 1,260,000.00
Training expenses 1,000,000.00 1,000,000.00
Total Recuring Expenses (Excl Dep) 12,496,000.00 13,070,800.00
EBITDA 128,204,000.00 141,261,700.00
Depreciation 49,200,000.00 49,200,000.00
EBT/PBT 79,004,000.00 92,061,700.00
Tax 0.00 0.00
EAT 79,004,000.00 92,061,700.00
Depreciation 49,200,000.00 49,200,000.00
CF Before Capital Expenditure 128,204,000.00 141,261,700.00
Capital Expenditure 0 0
Salvage Value 0 0
Net Cash Flow (763,500,000.00) 128,204,000.00 141,261,700.00

Terminal CF
Total Terminal Value

NPV 427,811,536.85
IRR 20.87%
MIRR -100.00%

Payback Period
Year CFs Cumulative CFs
1
2
3
4
5
 6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
PBP #DIV/0!
 3 4 5 6 7 8

149,072,000.00 163,979,200.00 180,377,120.00 198,414,832.00 218,256,315.20 240,081,946.72

6,355,937.50 6,832,632.81 7,345,080.27 7,895,961.29 8,488,158.39 9,124,770.27
13,867,500.00 14,907,562.50 16,025,629.69 17,227,551.91 18,519,618.31 19,908,589.68
169,295,437.50 185,719,395.31 203,747,829.96 223,538,345.21 245,264,091.90 269,115,306.67

1,984,500.00 2,083,725.00 2,187,911.25 2,297,306.81 2,412,172.15 2,532,780.76

1,587,600.00 1,666,980.00 1,750,329.00 1,837,845.45 1,929,737.72 2,026,224.61
3,175,200.00 3,333,960.00 3,500,658.00 3,675,690.90 3,859,475.45 4,052,449.22
635,040.00 666,792.00 700,131.60 735,138.18 771,895.09 810,489.84
3,969,000.00 4,167,450.00 4,375,822.50 4,594,613.63 4,824,344.31 5,065,561.52
1,323,000.00 1,389,150.00 1,458,607.50 1,531,537.88 1,608,114.77 1,688,520.51
1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00
13,674,340.00 14,308,057.00 14,973,459.85 15,672,132.84 16,405,739.48 17,176,026.46
155,621,097.50 171,411,338.31 188,774,370.11 207,866,212.37 228,858,352.41 251,939,280.21
49,200,000.00 49,200,000.00 49,200,000.00 51,870,000.00 51,870,000.00 51,870,000.00
106,421,097.50 122,211,338.31 139,574,370.11 155,996,212.37 176,988,352.41 200,069,280.21
0.00 0.00 0.00 58,498,579.64 66,370,632.16 75,025,980.08
106,421,097.50 122,211,338.31 139,574,370.11 97,497,632.73 110,617,720.26 125,043,300.13
49,200,000.00 49,200,000.00 49,200,000.00 51,870,000.00 51,870,000.00 51,870,000.00
155,621,097.50 171,411,338.31 188,774,370.11 149,367,632.73 162,487,720.26 176,913,300.13
0 0 (146,850,000.00) 0 0 0
0 0 33,375,000.00 0.00 0.00 0.00
155,621,097.50 171,411,338.31 75,299,370.11 149,367,632.73 162,487,720.26 176,913,300.13
 Year
9 10 11 12 13 14

264,090,141.39 290,499,155.53 319,549,071.08 351,503,978.19 386,654,376.01 425,319,813.61

9,809,128.04 10,544,812.64 11,335,673.59 12,185,849.11 13,099,787.79 14,082,271.88
21,401,733.91 23,006,863.95 24,732,378.75 26,587,307.15 28,581,355.19 30,724,956.83
295,301,003.34 324,050,832.12 355,617,123.42 390,277,134.46 428,335,518.99 470,127,042.32

2,659,419.80 2,792,390.79 2,932,010.33 3,078,610.84 3,232,541.39 3,394,168.46

2,127,535.84 2,233,912.63 2,345,608.26 2,462,888.68 2,586,033.11 2,715,334.76
4,255,071.68 4,467,825.26 4,691,216.53 4,925,777.35 5,172,066.22 5,430,669.53
851,014.34 893,565.05 938,243.31 985,155.47 1,034,413.24 1,086,133.91
5,318,839.60 5,584,781.58 5,864,020.66 6,157,221.69 6,465,082.77 6,788,336.91
1,772,946.53 1,861,593.86 1,954,673.55 2,052,407.23 2,155,027.59 2,262,778.97
1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00
17,984,827.78 18,834,069.17 19,725,772.63 20,662,061.26 21,645,164.32 22,677,422.54
277,316,175.56 305,216,762.95 335,891,350.79 369,615,073.20 406,690,354.67 447,449,619.78
51,870,000.00 51,870,000.00 54,807,000.00 54,807,000.00 54,807,000.00 54,807,000.00
225,446,175.56 253,346,762.95 281,084,350.79 314,808,073.20 351,883,354.67 392,642,619.78
84,542,315.83 95,005,036.11 105,406,631.55 118,053,027.45 131,956,258.00 147,240,982.42
140,903,859.72 158,341,726.85 175,677,719.25 196,755,045.75 219,927,096.67 245,401,637.36
51,870,000.00 51,870,000.00 54,807,000.00 54,807,000.00 54,807,000.00 54,807,000.00
192,773,859.72 210,211,726.85 230,484,719.25 251,562,045.75 274,734,096.67 300,208,637.36
0 (161,535,000.00) 0.00 0.00 0.00 0.00
0.00 36,712,500.00 0.00 0.00 0.00 0.00
192,773,859.72 85,389,226.85 230,484,719.25 251,562,045.75 274,734,096.67 300,208,637.36
 15 16 17 18 19 20

467,851,794.97 514,636,974.47 566,100,671.92 622,710,739.11 684,981,813.02 753,479,994.32

15,138,442.27 16,273,825.44 17,494,362.35 18,806,439.52 20,216,922.49 21,733,191.68
33,029,328.59 35,506,528.23 38,169,517.85 41,032,231.69 44,109,649.07 47,417,872.75
516,019,565.83 566,417,328.15 621,764,552.12 682,549,410.33 749,308,384.58 822,631,058.75

3,563,876.88 3,742,070.72 3,929,174.26 4,125,632.97 4,331,914.62 4,548,510.35

2,851,101.50 2,993,656.58 3,143,339.41 3,300,506.38 3,465,531.70 3,638,808.28
5,702,203.01 5,987,313.16 6,286,678.81 6,601,012.76 6,931,063.39 7,277,616.56
1,140,440.60 1,197,462.63 1,257,335.76 1,320,202.55 1,386,212.68 1,455,523.31
7,127,753.76 7,484,141.45 7,858,348.52 8,251,265.94 8,663,829.24 9,097,020.70
2,375,917.92 2,494,713.82 2,619,449.51 2,750,421.98 2,887,943.08 3,032,340.23
1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00
23,761,293.67 24,899,358.35 26,094,326.27 27,349,042.58 28,666,494.71 30,049,819.45
492,258,272.17 541,517,969.80 595,670,225.85 655,200,367.74 720,641,889.87 792,581,239.30
54,807,000.00 58,037,700.00 58,037,700.00 58,037,700.00 58,037,700.00 58,037,700.00
437,451,272.17 483,480,269.80 537,632,525.85 597,162,667.74 662,604,189.87 734,543,539.30
164,044,227.06 181,305,101.17 201,612,197.19 223,936,000.40 248,476,571.20 275,453,827.24
273,407,045.10 302,175,168.62 336,020,328.66 373,226,667.34 414,127,618.67 459,089,712.06
54,807,000.00 58,037,700.00 58,037,700.00 58,037,700.00 58,037,700.00 58,037,700.00
328,214,045.10 360,212,868.62 394,058,028.66 431,264,367.34 472,165,318.67 517,127,412.06
(177,688,500.00) 0.00 0.00 0.00 0.00 0.00
40,383,750.00 0.00 0.00 0.00 0.00 156,922,125.00
190,909,295.10 360,212,868.62 394,058,028.66 431,264,367.34 472,165,318.67 674,049,537.06

674049537.06