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Land 10 COMD 30

FCIL 150 t (tax) 45%


WC 30 S 0
R 75 i (disc) 10%

(R-COMd-
∑ dk ∑ Disc
Year (k) Investment dk DDB dk SL dk MACRS FCIL - dk MACRS R COMd dk) x (1-t) Cash Flow ∑ CF Disc CF CF
+dk

0 -10 0 0 0 0 150 0 0 0 -10 -10 -10 -10


1 -90 0 0 0 0 150 0 0 0 -90 -100 -81.8182 -91.818
2 -90 0 0 0 0 150 0 0 0 -90 -190 -74.3802 -166.2
3 0 30 0 30 30 120 75 30 38.25 38.25 -151.75 28.7378 -137.46
4 0 48 26.667 78 48 72 75 30 46.35 46.35 -105.4 31.6577 -105.8
5 0 28.8 20.571 106.8 28.8 43.2 75 30 37.71 37.71 -67.69 23.4149 -82.388
6 0 17.28 17.28 124.08 17.28 25.92 75 30 32.526 32.526 -35.164 18.3601 -64.028
7 0 10.368 17.28 141.36 17.28 8.64 75 30 32.526 32.526 -2.638 16.691 -47.337
8 0 6.2208 8.64 150 8.64 0 75 30 28.638 28.638 26 13.3598 -33.977
9 0 0 0 0 0 0 75 30 24.75 24.75 50.75 10.4964 -23.481
10 0 0 0 0 0 0 75 30 24.75 24.75 75.5 9.5422 -13.938
11 0 0 0 0 0 0 75 30 24.75 24.75 100.25 8.67472 -5.2637
12 40 0 0 0 0 0 75 30 24.75 64.75 165 20.6313 15.3676

NON-DISCOUNTED DISCOUNTED
IRR 12% Land+work capital non-disc 35.74217
PBP 3.8513189448 DPBP 5.867878
CCP ($) 165 NPV 15.36764
CCR 1.8684210526 PVR 1.092466
ROROI 11%
Non-Discounted Profitability
200
180
Discounted Profitability
160 50
140
120
100
0
80 1 2 3 4 5 6 7 8 9 10 11 12 13
60
Non-discounted Cashfow

Discounted Cashfow
40
-50
20
0
1 2 3 4 5 6 7 8 9 10 11 12 13
-20
-100
-40
-60
-80
-100 -150
-120
-140
-160 -200
-180 Time After Project Start (years)
-200
-220

Time After Project Start (years)