AMG AbdullahAhmed Group4

AMG Le
MG Lease Vs Buy
Group 4
Abdullah Ahmed, 16110069
Rida Shahzad Azam
Ahsan Mahmood Butt, 15110
Muhammad Waqas Arif,
16110171
d, 16110069
zam
d Butt, 15110231
qas Arif,
Lease Terms are valid through March 31, 2002

36 Months Leaseline( Monthly or Quarrterly Takedowns Billed Monthly)
Hardware Lease Rate Factor
Software Lease Rate Factor
0.0311
0.0329
24 Months Leaseline( Monthly or Quarrterly Takedowns Billed Monthly)

Hardware Lease Rate Factor
Software Lease Rate Factor
Tax rate
Cost
Hardware
Software
1 unit
0.34
Amount
$
750.00
$
250.00
$ 1,000.00
0.04
0.0462
Monthly)
Depricication
Total depriciation
36-Month hardware
36-Month software
Hardware Depriciation Secedule ( for placed in serice ha

Year 0
Year 1
Year 2
$
- $
150.00 $
240.00
$
- $
150.00 $
390.00
Cost of Capital for AMG
8%
12%
Monthly)
Depricication
Total depriciation
Software Depriciation Secedule ( for placed in serice halfway

Year 0
Year 1
Year 2
$
- $
50.00 $
50.00
$
- $
50.00 $
100.00
edule ( for placed in serice halfway through the fist year)

Year 3
Year 4
Year 5
Year 6
$
144.000 $
86.40 $
86.40 $
43.20
$
534.00 $
620.40 $
706.80 $
750.00
tal for AMG

24-Month hardware
24-Month software
7%
11%
( for placed in serice halfway through the fist year)

Year 3
Year 4
Year 5
$
50.00 $
50.00 $
50.00
$
150.00 $
200.00 $
250.00
Exhibit
PC Rollout Schedul
20
Location
Leased desktops
Seattle
Los Angeles
Chicago
New York
Detroit
Boston
Washington DC
San Francisco
Mar
April
May
45
54
200
10
34
22
Purchased desktops
Seattle
Los Angeles
Chicago
New York
Detroit
Boston
Washington DC
San Francisco
66
123
32
200
5
10
70
Total desktops/Month
573
June
12
324
32
32
56
34
2
350
5
234
3
991
271
54
179
Exhibit 2
C Rollout Schedule for AMG, Inc

2002
July
2003
Aug
Sept
350
150
65
Oct
Nov
Dec
43
23
76
45
54
35
65
34
12
64
5
3
56
54
34
788
45
456
65
3
231
4
233
45
65
34
54
34
206
34
456
34
234
42
273
243
543
34
34
685
1891
660
57
176
72
6
6
7
4
Feb
4
123
234
60
54
Jan
174
324
3
194
960
Total/Location
554
681
132
267
1034
146
81
39
269
766
32
1418
364
687
981
91
NPV ANALSIS
Method
24RM
24RQ
36RM
36RQ
24CM
24CQ
36CM
36CQ
BUY
NPV
5,211,563
5,205,244
5,726,973
5,694,402
3,847,674
3,664,141
4,824,431
4,686,003
5,360,946
Rollout Schedule
March
Purchase
Lease
Total
April
67
506
573
Cost for Hardware

Cost for Software
Total Cost
May
93
86
179
429,750
143,250
573,000
578
413
991
134,250
44,750
179,000
743,250
247,750
991,000
Lease Billing
March
Hardware Payments
March
April
May
June
July
August
September
October
November
December
January
February
Dep Tax Shield Outflow
Software Payments
March
April
May
June
July
August
September
October
November
December
April
$
2435.25
$
May
17,190 $
$
17,190
5,370
3196
7407.75
6,618.15 $
$
6,618.15
2,067.45
January
February
Dep Tax Shied Outflow
811.75 1065.3333333333
2469.25
Lease Payments
Hardware
Tax Shield
Net Cash Flow
Software
Tax Shield
Net Cash Flow
NPV
Hardware
Software
Total
March
$
$
$
$
$
$
April
2,435.25 $
827.99 $
1,607.27 $
May
20,386.00 $
6,931.24 $
13,454.76 $
29,967.75
10,189.04
19,778.72
811.75 $
276.00 $
535.76 $
7,683.48 $
2,612.38 $
5,071.10 $
11,154.85
3,792.65
7,362.20
$3,883,086.29
$1,328,476.68
$5,211,562.98
24 Rolling Monthly
2012
June
July
0
271
271
August
54
122
176
203,250
67,750
271,000
September
655
133
788
132,000
44,000
176,000
110
64
174
591,000
197,000
788,000
130,500
43,500
174,000
2012
June
$
$
$
July
17,190 $
5,370 $
29,730 $
$
8559.5
$
$
$
6,618.15 $
2,067.45 $
11,446.05 $
$
August
17,190
5,370
29,730
8,130
$
$
$
$
$
9307.5
6,618.15
2,067.45
11,446.05
3,130.05
September
17,190
5,370
29,730
8,130
5,280
$
$
$
$
$
$
12656.5
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
17,190
5,370
29,730
8,130
5,280
23,640
13396
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2853.1666666667
3102.5 4218.8333333333 4465.3333333333

2012
June
$
$
$
$
$
$
July
60,849.50 $
20,688.83 $
40,160.67 $
August
September
69,727.50 $
78,356.50 $
102,736.00
23,707.35 $
26,641.21 $
34,930.24
46,020.15 $
51,715.29 $
67,805.76
22,984.82 $
7,814.84 $
15,169.98 $
26,364.20 $
8,963.83 $
17,400.37 $
29,513.33 $
10,034.53 $
19,478.80 $
38,861.23
13,212.82
25,648.41
2013
October
November
76
609
685
804
1087
1891
513,750
171,250
685,000
October
$
$
$
$
$
$
$
November
17,190
5,370
29,730
8,130
5,280
23,640
5,220
$
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
December
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
72
122
194
495,000
165,000
660,000
$
$
$
$
$
$
$
$
$
24344
$
$
$
$
$
$
$
$
January
60
600
660
1,418,250
472,750
1,891,000
16307.25
$
$
$
$
$
$
$
December
145,500
48,500
194,000
January
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
$
$
$
$
$
$
$
$
$
$
27149
$
$
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
27973.5
$
$
$
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
5435.75 8114.6666666667 9049.6666666667
October
$
110,867.25
$
37,694.87
$
73,172.39
$
$
$
November
$
139,454.00
$
47,414.36
$
92,039.64
41,841.35 $
14,226.06 $
27,615.29 $
December
$
198,989.00
$
67,656.26
$
131,332.74
52,432.02 $
17,826.89 $
34,605.13 $
9324.5
January
$
219,613.50
$
74,668.59
$
144,944.91
75,208.07 $
25,570.74 $
49,637.32 $
83,105.90
28,256.01
54,849.89
2013
February
Hardware Cost
$
Software Cost
$
24 month
HD Lease Factor
SW lease Factor
36 month
HD Lease Factor
SW lease Factor
365
595
960
720,000
240,000
960,000
750
250
0.04
0.0462
0.0311
0.0329
2013
February
$
$
$
$
$
$
$
$
$
$
$
March
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
$
$
$
$
$
$
$
$
$
$
$
$
32053.5
$
$
$
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
April
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
33514.65
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
May
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
33971.1
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
36498.15
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
2,240.70 $
$
10684.5
2,240.70 $
11,088.00 $
10684.5
2,240.70 $
11,088.00 $
10684.5
2,240.70
11,088.00
10684.5
2013
February
$
229,513.50
$
78,034.59
$
151,478.91
$
$
$
March
$
259,774.65
$
88,323.38
$
171,451.27
86,706.60 $
29,480.24 $
57,226.36 $
April
$
$
$
97,794.60 $
33,250.16 $
64,544.44 $
May
260,231.10 $
88,478.57 $
171,752.53 $
97,794.60 $
33,250.16 $
64,544.44 $
262,758.15
89,337.77
173,420.38
97,794.60
33,250.16
64,544.44
0.2
0.32
0.192
0.1152
0.1152
0.0576
0.0166666667
0.0266666667
0.016
0.0096
0.0096
0.0048
2013
June
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
July
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
37189.2
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
August
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
37638
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
September
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
39647.4
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
40091.1
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
2,240.70 $
11,088.00 $
10684.5
2,240.70 $
11,088.00 $
10684.5
2,240.70 $
11,088.00 $
10684.5
2,240.70
11,088.00
10684.5
2013
June
$
$
$
$
$
$
July
263,449.20 $
89,572.73 $
173,876.47 $
97,794.60 $
33,250.16 $
64,544.44 $
August
263,898.00 $
265,907.40
89,725.32 $
90,408.52
174,172.68 $
175,498.88
97,794.60 $
33,250.16 $
64,544.44 $
September
$
266,351.10
$
90,559.37
$
175,791.73
97,794.60 $
33,250.16 $
64,544.44 $
97,794.60
33,250.16
64,544.44
0.34
October
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
November
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
41837.85
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
December
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
46659.9
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
January
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
48342.9
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
48837.6
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
2,240.70 $
11,088.00 $
10684.5
October
$
268,097.85
$
91,153.27
$
176,944.58
$
$
$
2,240.70 $
11,088.00 $
10684.5
November
$
272,919.90
$
92,792.77
$
180,127.13
97,794.60 $
33,250.16 $
64,544.44 $
2,240.70 $
11,088.00 $
10684.5
December
$
274,602.90
$
93,364.99
$
181,237.91
97,794.60 $
33,250.16 $
64,544.44 $
2,240.70
11,088.00
10684.5
January
$
275,097.60
$
93,533.18
$
181,564.42
97,794.60 $
33,250.16 $
64,544.44 $
97,794.60
33,250.16
64,544.44
2014
February
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
March
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
51285.6
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
April
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
49727.04
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
May
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
49240.16
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
46544.64
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
2,240.70 $
11,088.00 $
10684.5
2,240.70 $
11,088.00 $
10684.5
2,240.70 $
11,088.00 $
10684.5
2,240.70
11,088.00
10684.5
2014
February
$
277,545.60
$
94,365.50
$
183,180.10
$
$
$
March
$
275,987.04
$
93,835.59
$
182,151.45
97,794.60 $
33,250.16 $
64,544.44 $
April
$
$
$
97,794.60 $
33,250.16 $
64,544.44 $
May
258,310.16 $
87,825.45 $
170,484.71 $
91,176.45 $
30,999.99 $
60,176.46 $
250,244.64
85,083.18
165,161.46
89,109.00
30,297.06
58,811.94
2014
June
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
July
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
45807.52
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
August
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
45328.8
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
September
23,640
5,220
20,550
56,730
19,800
5,820
28,800
43185.44
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
5,220
20,550
56,730
19,800
5,820
28,800
42712.16
2,009.70
7,911.75
21,841.05
7,623.00
$
$
2,240.70 $
11,088.00 $
10684.5
2,240.70 $
11,088.00 $
10684.5
2,240.70 $
11,088.00 $
10684.5
2,240.70
11,088.00
10684.5
2014
June
$
$
$
$
$
$
July
219,777.52 $
74,724.36 $
145,053.16 $
77,662.95 $
26,405.40 $
51,257.55 $
August
211,168.80 $
203,745.44
71,797.39 $
69,273.45
139,371.41 $
134,471.99
74,532.90 $
25,341.19 $
49,191.71 $
September
$
179,632.16
$
61,074.93
$
118,557.23
72,500.10 $
24,650.03 $
47,850.07 $
63,398.70
21,555.56
41,843.14
2015
October
$
$
$
$
$
$
$
$
November
20,550
56,730
19,800
5,820
28,800
40848.96
$
$
$
$
7,911.75
21,841.05 $
7,623.00 $
December
56,730
19,800 $
5,820 $
28,800 $
35705.44
21,841.05
7,623.00 $
January
19,800
5,820 $
28,800 $
33910.24
7,623.00
5,820
28,800
33382.56
$
$
2,240.70 $
11,088.00 $
10684.5
2,240.70 $
11,088.00 $
10684.5
2,240.70 $
11,088.00 $
10684.5
2,240.70
11,088.00
10684.5
2015
October
$
172,548.96
$
58,666.65
$
113,882.31
$
$
$
November
$
146,855.44
$
49,930.85
$
96,924.59
61,389.00 $
20,872.26 $
40,516.74 $
December
$
88,330.24
$
30,032.28
$
58,297.96
53,477.25 $
18,182.27 $
35,294.99 $
January
$
68,002.56
$
23,120.87
$
44,881.69
31,636.20 $
10,756.31 $
20,879.89 $
24,013.20
8,164.49
15,848.71
2015
February
28,800
30771.36
11,088.00
10684.5
2015
February
$
59,571.36
$
20,254.26
$
39,317.10
$
$
$
21,772.50
7,402.65
14,369.85
24 Rolling Quate
Rollout Schedule
2012
March
Purchase
Lease
Total
April
67
506
573
Cost for Hardware

Cost for Software
Total Cost
May
93
86
179
429,750
143,250
573,000
578
413
991
134,250
44,750
179,000
743,250
247,750
991,000
Lease Billing
March
Hardware Payments
March
April
May
June
July
August
September
October
November
December
January
February
Software Payments
March
April
May
June
July
August
September
October
November
April
$
2435.25
May
17,190 $
17,190
3196
7407.75
6,618.15 $
6,618.15
December
January
February
811.75 1065.3333333333
2469.25
Lease Payments
Hardware
Tax Shield
Net Cash Flow
Software
Tax Shield
Net Cash Flow
NPV
Hardware
Software
Total
March
$
$
$
$
$
$
April
2,435.25 $
827.99 $
1,607.27 $
May
20,386.00 $
6,931.24 $
13,454.76 $
811.75 $
276.00 $
535.76 $
7,683.48 $
2,612.38 $
5,071.10 $
$3,881,562.96
$1,323,681.18
$5,205,244.14
24,597.75
8,363.24
16,234.52
9,087.40
3,089.72
5,997.68
olling Quaterly
June
July
0
271
271
August
54
122
176
203,250
67,750
271,000
September
655
133
788
132,000
44,000
176,000
110
64
174
591,000
197,000
788,000
130,500
43,500
174,000
2012
June
$
July
17,190 $
$
$
$
8559.5
6,618.15 $
$
$
$
August
17,190
5,370
29,730
8,130
$
$
$
$
9307.5
6,618.15
2,067.45
11,446.05
3,130.05
September
17,190
5,370
29,730
8,130
$
$
$
$
12656.5
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
17,190
5,370
29,730
8,130
13396
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2853.1666666667
3102.5 4218.8333333333 4465.3333333333

2012
June
$
$
$
$
$
$
July
25,749.50 $
8,754.83 $
16,994.67 $
9,471.32 $
3,220.25 $
6,251.07 $
August
September
69,727.50 $
73,076.50 $
73,816.00
23,707.35 $
24,846.01 $
25,097.44
46,020.15 $
48,230.49 $
48,718.56
26,364.20 $
8,963.83 $
17,400.37 $
27,480.53 $
9,343.38 $
18,137.15 $
27,727.03
9,427.19
18,299.84
2013
October
November
76
609
685
804
1087
1891
513,750
171,250
685,000
October
$
$
$
$
$
$
$
November
17,190
5,370
29,730
8,130
5,280
23,640
5,220
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
December
17,190
5,370
29,730
8,130
5,280
23,640
5,220
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
72
122
194
495,000
165,000
660,000
$
$
$
$
$
$
$
24344
$
$
$
$
$
$
$
January
60
600
660
1,418,250
472,750
1,891,000
16307.25
$
$
$
$
$
$
$
December
145,500
48,500
194,000
January
17,190
5,370
29,730
8,130
5,280
23,640
5,220
$
$
$
$
$
$
$
$
$
$
27149
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
27973.5
$
$
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
5435.75 8114.6666666667 9049.6666666667
October
$
110,867.25
$
37,694.87
$
73,172.39
$
$
$
November
$
118,904.00
$
40,427.36
$
78,476.64
41,841.35 $
14,226.06 $
27,615.29 $
December
$
121,709.00
$
41,381.06
$
80,327.94
44,520.27 $
15,136.89 $
29,383.38 $
7,623.00
9324.5
January
$
219,613.50
$
74,668.59
$
144,944.91
45,455.27 $
15,454.79 $
30,000.48 $
83,105.90
28,256.01
54,849.89
February
Hardware Cost
$
Software Cost
$
24 month
HD Lease Factor
SW lease Factor
36 month
HD Lease Factor
SW lease Factor
365
595
960
720,000
240,000
960,000
750
250
0.04
0.0462
0.0311
0.0329
2013
February
$
$
$
$
$
$
$
$
$
$
March
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
$
$
$
$
$
$
$
$
$
$
32053.5
$
$
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
April
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
$
$
$
$
$
$
$
$
$
$
$
$
33514.65
$
$
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
$
$
$
$
$
$
May
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
33971.1
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
36498.15
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00 $
10684.5
7,623.00 $
$
$
10684.5
7,623.00 $
2,240.70 $
11,088.00 $
10684.5
7,623.00
2,240.70
11,088.00
10684.5
2013
February
$
223,693.50
$
76,055.79
$
147,637.71
$
$
$
March
$
225,154.65
$
76,552.58
$
148,602.07
84,465.90 $
28,718.41 $
55,747.49 $
April
$
$
$
84,465.90 $
28,718.41 $
55,747.49 $
May
260,231.10 $
88,478.57 $
171,752.53 $
97,794.60 $
33,250.16 $
64,544.44 $
262,758.15
89,337.77
173,420.38
97,794.60
33,250.16
64,544.44
0.2
0.32
0.192
0.1152
0.1152
0.0576
0.0166666667
0.0266666667
0.016
0.0096
0.0096
0.0048
2013
June
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
July
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
37189.2
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
August
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
37638
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
September
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
39647.4
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
40091.1
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
7,623.00 $
2,240.70 $
11,088.00 $
7,623.00 $
2,240.70 $
11,088.00 $
7,623.00 $
2,240.70 $
11,088.00 $
10684.5
10684.5
10684.5
7,623.00
2,240.70
11,088.00
10684.5
2013
June
$
$
$
$
$
$
July
263,449.20 $
89,572.73 $
173,876.47 $
97,794.60 $
33,250.16 $
64,544.44 $
August
263,898.00 $
265,907.40
89,725.32 $
90,408.52
174,172.68 $
175,498.88
97,794.60 $
33,250.16 $
64,544.44 $
September
$
266,351.10
$
90,559.37
$
175,791.73
97,794.60 $
33,250.16 $
64,544.44 $
97,794.60
33,250.16
64,544.44
0.34
October
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
November
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
41837.85
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
December
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
46659.9
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
January
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
48342.9
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
48837.6
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
7,623.00 $
2,240.70 $
11,088.00 $
7,623.00 $
2,240.70 $
11,088.00 $
7,623.00 $
2,240.70 $
11,088.00 $
10684.5
10684.5
10684.5
October
$
268,097.85
$
91,153.27
$
176,944.58
$
$
$
November
$
272,919.90
$
92,792.77
$
180,127.13
97,794.60 $
33,250.16 $
64,544.44 $
December
$
274,602.90
$
93,364.99
$
181,237.91
97,794.60 $
33,250.16 $
64,544.44 $
7,623.00
2,240.70
11,088.00
10684.5
January
$
275,097.60
$
93,533.18
$
181,564.42
97,794.60 $
33,250.16 $
64,544.44 $
97,794.60
33,250.16
64,544.44
2014
February
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
March
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
51285.6
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
April
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
49727.04
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
May
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
49240.16
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
46544.64
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
7,623.00 $
2,240.70 $
11,088.00 $
7,623.00 $
2,240.70 $
11,088.00 $
7,623.00 $
2,240.70 $
11,088.00 $
10684.5
10684.5
10684.5
7,623.00
2,240.70
11,088.00
10684.5
2014
February
$
277,545.60
$
94,365.50
$
183,180.10
$
$
$
March
$
275,987.04
$
93,835.59
$
182,151.45
97,794.60 $
33,250.16 $
64,544.44 $
April
$
$
$
97,794.60 $
33,250.16 $
64,544.44 $
May
258,310.16 $
87,825.45 $
170,484.71 $
91,176.45 $
30,999.99 $
60,176.46 $
255,614.64
86,908.98
168,705.66
91,176.45
30,999.99
60,176.46
2014
June
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
July
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
45807.52
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
$
$
$
$
$
$
$
$
$
$
August
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
45328.8
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
$
$
$
$
$
$
$
$
$
$
September
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
43185.44
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
$
$
$
$
$
$
$
$
$
$
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
42712.16
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
$
$
$
7,623.00 $
2,240.70 $
11,088.00 $
7,623.00 $
2,240.70 $
11,088.00 $
7,623.00 $
2,240.70 $
11,088.00 $
10684.5
10684.5
10684.5
7,623.00
2,240.70
11,088.00
10684.5
2014
June
$
$
$
$
$
$
July
254,877.52 $
86,658.36 $
168,219.16 $
91,176.45 $
30,999.99 $
60,176.46 $
August
211,168.80 $
209,025.44
71,797.39 $
71,068.65
139,371.41 $
137,956.79
74,532.90 $
25,341.19 $
49,191.71 $
September
$
208,552.16
$
70,907.73
$
137,644.43
74,532.90 $
25,341.19 $
49,191.71 $
74,532.90
25,341.19
49,191.71
2015
October
$
$
$
$
$
$
$
November
20,550
56,730
19,800
5,820
28,800
40848.96
$
$
$
$
$
7,911.75 $
21,841.05 $
20,550
56,730
19,800
5,820
28,800
35705.44
December
$
$
$
$
$
7,911.75 $
21,841.05 $
January
20,550
56,730
19,800
5,820 $
28,800 $
33910.24
7,911.75
21,841.05
5,820
28,800
33382.56
$
$
$
7,623.00 $
2,240.70 $
11,088.00 $
7,623.00 $
2,240.70 $
11,088.00 $
7,623.00
2,240.70 $
11,088.00 $
10684.5
10684.5
10684.5
2,240.70
11,088.00
10684.5
2015
October
$
172,548.96
$
58,666.65
$
113,882.31
$
$
$
November
$
167,405.44
$
56,917.85
$
110,487.59
61,389.00 $
20,872.26 $
40,516.74 $
December
$
165,610.24
$
56,307.48
$
109,302.76
61,389.00 $
20,872.26 $
40,516.74 $
January
$
68,002.56
$
23,120.87
$
44,881.69
61,389.00 $
20,872.26 $
40,516.74 $
24,013.20
8,164.49
15,848.71
2015
February
$
$
March
5,820 $
5,820
28,800 $
28,800
30771.36
29836.224
$
$
2,240.70
11,088.00
10684.5
$ 2,240.70
$ 11,088.00
10684.5
2015
February
March
$
65,391.36 $ 64,456.22
$
22,233.06 $ 21,915.12
$
43,158.30 $ 42,541.11
$
$
$
24,013.20
8,164.49
15,848.71
$ 24,013.20
$ 8,164.49
$ 15,848.71
Rollout Schedule
2012
March
Purchase
Lease
Total
April
67
506
573
Cost for Hardware

Cost for Software
Total Cost
May
93
86
179
429,750
143,250
573,000
578
413
991
134,250
44,750
179,000
743,250
247,750
991,000
Lease Billing
March
April
May
Hardware Payments
March
April
May
June
July
August
September
October
November
December
January
February
2435.25
13,365 $
$
13,365
4,175
3196
7407.75
Software Payments
March
April
May
June
July
August
September
October
November
4,712.93 $
$
4,712.93
1,472.28
December
January
February
811.75 1065.3333333333
2469.25
Lease Payments
March
Total Hardware Payment
Tax Shield
Net Cash Flow
Total Software Payment

Tax Shield
Net Cash Flow
NPV
Hardware
Software
Total
$
$
$
$
April
2435.25
827.99 $
1,607.27 $
May
16561.225
5,630.82 $
10,930.41 $
811.75 5778.2583333333
276.00 $
1,964.61 $
535.76 $
3,813.65 $
$4,353,553.69
$1,373,418.93
$5,726,972.61
24948.15
8,482.37
16,465.78
8654.45
2,942.51
5,711.94
36 Rolling Monthly
June
July
0
271
271
August
54
122
176
203,250
67,750
271,000
September
655
133
788
132,000
44,000
176,000
110
64
174
591,000
197,000
788,000
130,500
43,500
174,000
2012
June
$
$
$
July
13,365 $
4,175 $
23,115 $
$
8559.5
$
$
$
4,712.93 $
1,472.28 $
8,150.98 $
$
August
13,365
4,175
23,115
6,321
$
$
$
$
$
9307.5
4,712.93
1,472.28
8,150.98
2,228.98
September
13,365
4,175
23,115
6,321
4,105
$
$
$
$
$
$
12656.5
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
13,365
4,175
23,115
6,321
4,105
18,380
13396
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
2853.1666666667
3102.5 4218.8333333333 4465.3333333333

2012
June
$
$
July
49214.975
16,733.09 $
32,481.88 $
17189.341666667
$
5,844.38 $
$
11,344.97 $
August
September
56284.05
63738.25
82857.85
19,136.58 $
21,671.01 $
28,171.67
37,147.47 $
42,067.25 $
54,686.18
19667.65 22231.583333333 28959.383333333

6,687.00 $
7,558.74 $
9,846.19
12,980.65 $
14,672.85 $
19,113.19
2013
October
November
76
609
685
804
1087
1891
513,750
171,250
685,000
October
$
$
$
$
$
$
$
November
13,365
4,175
23,115
6,321
4,105
18,380
4,059
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
December
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
72
122
194
495,000
165,000
660,000
$
$
$
$
$
$
$
$
$
24344
$
$
$
$
$
$
$
$
January
60
600
660
1,418,250
472,750
1,891,000
16307.25
$
$
$
$
$
$
$
December
145,500
48,500
194,000
January
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
$
$
$
$
$
$
$
$
$
$
27149
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
27973.5
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5435.75 8114.6666666667 9049.6666666667
5,428.50
9324.5
October
$
$
November
December
January
89827.65
113842.025
160754.6
176973.6
30,541.40 $
38,706.29 $
54,656.56 $
60,171.02
59,286.25 $
75,135.74 $
106,098.04 $
116,802.58
$
$
31360.95 39673.991666667 56162.466666667

10,662.72 $
13,489.16 $
19,095.24 $
20,698.23 $
26,184.83 $
37,067.23 $
61865.8
21,034.37
40,831.43
February
Hardware Cost
$
Software Cost
$
24 month
HD Lease Factor
SW lease Factor
36 month
HD Lease Factor
SW lease Factor
365
595
960
720,000
240,000
960,000
750
250
0.04
0.0462
0.0311
0.0329
2013
February
$
$
$
$
$
$
$
$
$
$
$
March
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
$
$
$
$
$
$
$
$
$
$
$
$
32053.5
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
April
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
33514.65
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
May
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
33971.1
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
36498.15
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
5,428.50 $
1,595.65 $
$
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50
1,595.65
7,896.00
10684.5
2013
February
March
April
185578.65
209431.8
$
63,096.74 $
71,206.81 $
$
122,481.91 $
138,224.99 $
$
$
64821.45
22,039.29 $
42,782.16 $
72717.45
24,723.93 $
47,993.52 $
May
209888.25
71,362.01 $
138,526.25 $
72717.45
24,723.93 $
47,993.52 $
212415.3
72,221.20
140,194.10
72717.45
24,723.93
47,993.52
0.2
0.32
0.192
0.1152
0.1152
0.0576
0.0166666667
0.0266666667
0.016
0.0096
0.0096
0.0048
2013
June
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
July
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
37189.2
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
August
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
37638
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
September
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
39647.4
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
40091.1
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50
1,595.65
7,896.00
10684.5
2013
June
$
$
July
213106.35
72,456.16 $
140,650.19 $
$
$
72717.45
24,723.93 $
47,993.52 $
August
September
213555.15
215564.55
216008.25
72,608.75 $
73,291.95 $
73,442.81
140,946.40 $
142,272.60 $
142,565.45
72717.45
24,723.93 $
47,993.52 $
72717.45
24,723.93 $
47,993.52 $
72717.45
24,723.93
47,993.52
0.34
October
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
November
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
41837.85
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
December
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
46659.9
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
January
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
48342.9
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
48837.6
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50
1,595.65
7,896.00
10684.5
October
$
$
$
$
November
December
January
217755
222577.05
224260.05
224754.75
74,036.70 $
75,676.20 $
76,248.42 $
76,416.62
143,718.30 $
146,900.85 $
148,011.63 $
148,338.14
72717.45
24,723.93 $
47,993.52 $
72717.45
24,723.93 $
47,993.52 $
72717.45
24,723.93 $
47,993.52 $
72717.45
24,723.93
47,993.52
2014
February
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
March
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
51285.6
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
April
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
49727.04
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
May
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
49240.16
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
46544.64
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50
1,595.65
7,896.00
10684.5
2014
February
March
April
227202.75
225644.19
$
77,248.94 $
76,719.02 $
$
149,953.82 $
148,925.17 $
$
$
72717.45
24,723.93 $
47,993.52 $
72717.45
24,723.93 $
47,993.52 $
May
225157.31
76,553.49 $
148,603.82 $
72717.45
24,723.93 $
47,993.52 $
222461.79
75,637.01
146,824.78
72717.45
24,723.93
47,993.52
2014
June
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
July
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
45807.52
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
August
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
45328.8
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
September
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
43185.44
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
42712.16
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50
1,595.65
7,896.00
10684.5
2014
June
$
$
July
221724.67
75,386.39 $
146,338.28 $
$
$
72717.45
24,723.93 $
47,993.52 $
August
September
221245.95
219102.59
218629.31
75,223.62 $
74,494.88 $
74,333.97
146,022.33 $
144,607.71 $
144,295.34
72717.45
24,723.93 $
47,993.52 $
72717.45
24,723.93 $
47,993.52 $
72717.45
24,723.93
47,993.52
October
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
November
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
40848.96
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
35705.44
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
December
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
33910.24
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
January
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
33382.56
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50
1,595.65
7,896.00
10684.5
2015
October
November
December
January
216766.11
211622.59
209827.39
209299.71
$
73,700.48 $
71,951.68 $
71,341.31 $
71,161.90
$
143,065.63 $
139,670.91 $
138,486.08 $
138,137.81
$
$
72717.45
24,723.93 $
47,993.52 $
72717.45
24,723.93 $
47,993.52 $
72717.45
24,723.93 $
47,993.52 $
72717.45
24,723.93
47,993.52
2015
February
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
March
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
30771.36
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
29836.224
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
April
May
$
$
$
$
$
$
$
$
$
$
$
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
29544.096
$
$
$
$
$
$
$
$
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
June
$
$
$
$
$
$
$
$
$
$
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
27926.784
$
$
$
$
$
$
$
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
$
$
$
$
$
$
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
27484.512
$
$
$
$
$
$
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
$
$
$
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50
1,595.65
7,896.00
10684.5
2015
February
March
April
May
June
206688.51
205753.374
192096.021
186303.534
162746.187
$
70,274.09 $
69,956.15 $
65,312.65 $
63,343.20 $
55,333.70
$
136,414.42 $ 135,797.23 $ 126,783.37 $ 122,960.33 $ 107,412.48
$
$
72717.45
24,723.93 $
47,993.52 $
72717.45
24,723.93 $
47,993.52 $
68004.525
23,121.54 $
44,882.99 $
66532.25
22,620.97 $
43,911.29 $
58381.275
19,849.63
38,531.64
2015
July
$
$
$
$
$
$
$
$
$
$
$
$
$
August
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
27197.28
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
September
$
$
$
$
$
$
$
18,380
4,059
15,978
44,108
15,395
4,525
22,392
25911.264
$
$
$
$
6,481.30
1,431.15 $
5,634.13 $
15,553.48 $
$
$
$
$
$
$
4,059
15,978
44,108
15,395
4,525
22,392
25627.296
October
$
$
$
$
$
1,431.15
5,634.13 $
15,553.48 $
15,978
44,108
15,395
4,525
22,392
24509.376
November
$
$
$
$
44,108
15,395
4,525
22,392
21423.264
5,634.13
15,553.48 $ 15,553.48
$
$
$
July
$
$
$
$
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50 $
1,595.65 $
7,896.00 $
10684.5
5,428.50
1,595.65
7,896.00
10684.5
August
September
October
November
156137.88
150746.664
132082.596
126906.126
107842.389
53,086.88 $
51,253.87 $
44,908.08 $
43,148.08 $ 36,666.41
103,051.00 $
99,492.80 $
87,174.51 $
83,758.04 $ 71,175.98
56152.3
19,091.78 $
37,060.52 $
54704.7
18,599.60 $
36,105.10 $
48223.4
16,395.96 $
31,827.44 $
46792.25
41158.125
15,909.37 $ 13,993.76
30,882.89 $ 27,164.36
2016
December
$
$
$
January
February
15,395
4,525 $
4,525
22,392 $
22,392 $
22,392
20346.144
20029.536
18462.816
$
$
$
5,428.50
1,595.65 $
7,896.00 $
10684.5
1,595.65
7,896.00 $
10684.5
7,896.00
10684.5
December
January
February
62657.694
46946.586
40854.816
$ 21,303.62 $ 15,961.84 $ 13,890.64
$ 41,354.08 $ 30,984.75 $ 26,964.18
25604.65
20176.15
18580.5
$
8,705.58 $
6,859.89 $
6,317.37
$ 16,899.07 $ 13,316.26 $ 12,263.13
Rollout Schedule
March
Purchase
Lease
Total
April
67
506
573
Cost for Hardware

Cost for Software
Total Cost
May
93
86
179
429,750
143,250
573,000
578
413
991
134,250
44,750
179,000
743,250
247,750
991,000
Lease Billing
March
Hardware Payments
March
April
May
June
July
August
September
October
November
December
January
February
Software Payments
March
April
May
June
July
August
September
October
November
December
January
April
$
2435.25
$
May
13,365 $
13,365
3196
7407.75
4,712.93 $
4,712.93
February
811.75 1065.3333333333
2469.25
Lease Payments
Hardware
Tax Shield
Net Cash Flow
Software
Tax Shield
Net Cash Flow
NPV
Hardware
Software
Total
March
$
$
$
$
$
$
April
2,435.25 $
827.99 $
1,607.27 $
May
16,561.23 $
5,630.82 $
10,930.41 $
811.75 $
276.00 $
535.76 $
5,778.26 $
1,964.61 $
3,813.65 $
$4,331,619.10
$1,362,783.15
$5,694,402.25
20,772.98
7,062.81
13,710.16
7,182.18
2,441.94
4,740.24
36 Rolling Quaterly
2012
June
July
0
271
271
August
54
122
176
203,250
67,750
271,000
September
655
133
788
132,000
44,000
176,000
110
64
174
591,000
197,000
788,000
130,500
43,500
174,000
2012
June
$
July
13,365 $
$
$
$
8559.5
$
4,712.93 $
$
$
$
August
13,365
4,175
23,115
6,321
$
$
$
$
9307.5
4,712.93
1,472.28
8,150.98
2,228.98
September
13,365
4,175
23,115
6,321
$
$
$
$
12656.5
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
13,365
4,175
23,115
6,321
13396
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
2853.1666666667
3102.5 4218.8333333333 4465.3333333333

2012
June
$
$
$
$
$
$
July
21,924.73 $
7,454.41 $
14,470.32 $
7,566.09 $
2,572.47 $
4,993.62 $
August
September
56,284.05 $
59,633.05 $
60,372.55
19,136.58 $
20,275.24 $
20,526.67
37,147.47 $
39,357.81 $
39,845.88
19,667.65 $
6,687.00 $
12,980.65 $
20,783.98 $
7,066.55 $
13,717.43 $
21,030.48
7,150.36
13,880.12
2013
October
November
76
609
685
804
1087
1891
513,750
171,250
685,000
October
$
$
$
$
$
$
$
November
13,365
4,175
23,115
6,321
4,105
18,380
4,059
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
December
13,365
4,175
23,115
6,321
4,105
18,380
4,059
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
72
122
194
495,000
165,000
660,000
$
$
$
$
$
$
$
24344
$
$
$
$
$
$
$
January
60
600
660
1,418,250
472,750
1,891,000
16307.25
$
$
$
$
$
$
$
December
145,500
48,500
194,000
January
13,365
4,175
23,115
6,321
4,105
18,380
4,059
$
$
$
$
$
$
$
$
$
$
27149
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
27973.5
$
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
5435.75 8114.6666666667 9049.6666666667
October
$
89,827.65
$
30,541.40
$
59,286.25
$
$
$
November
$
97,864.40
$
33,273.90
$
64,590.50
31,360.95 $
10,662.72 $
20,698.23 $
December
$
100,669.40
$
34,227.60
$
66,441.80
34,039.87 $
11,573.55 $
22,466.31 $
9324.5
January
$
176,973.60
$
60,171.02
$
116,802.58
34,974.87 $
11,891.45 $
23,083.41 $
61,865.80
21,034.37
40,831.43
2013
February
Hardware Cost
$
Software Cost
$
24 month
HD Lease Factor
SW lease Factor
36 month
HD Lease Factor
SW lease Factor
365
595
960
720,000
240,000
960,000
750
250
0.04
0.0462
0.0311
0.0329
2013
February
$
$
$
$
$
$
$
$
$
$
March
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
$
$
$
$
$
$
$
$
$
$
32053.5
$
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
April
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
$
$
$
$
$
$
$
$
$
$
$
$
33514.65
$
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
May
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
33971.1
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
36498.15
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
10684.5
10684.5
7,896.00 $
10684.5
7,896.00
10684.5
2013
February
$
181,053.60
$
61,558.22
$
119,495.38
$
$
$
March
$
182,514.75
$
62,055.02
$
120,459.74
63,225.80 $
21,496.77 $
41,729.03 $
April
$
$
$
63,225.80 $
21,496.77 $
41,729.03 $
May
209,888.25 $
71,362.01 $
138,526.25 $
72,717.45 $
24,723.93 $
47,993.52 $
212,415.30
72,221.20
140,194.10
72,717.45
24,723.93
47,993.52
0.2
0.32
0.192
0.1152
0.1152
0.0576
0.0166666667
0.0266666667
0.016
0.0096
0.0096
0.0048
2013
June
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
July
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
37189.2
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
August
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
37638
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
September
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
39647.4
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
40091.1
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
7,896.00 $
10684.5
7,896.00 $
10684.5
7,896.00 $
10684.5
7,896.00
10684.5
2013
June
$
$
$
$
$
$
July
213,106.35 $
72,456.16 $
140,650.19 $
72,717.45 $
24,723.93 $
47,993.52 $
August
213,555.15 $
215,564.55
72,608.75 $
73,291.95
140,946.40 $
142,272.60
72,717.45 $
24,723.93 $
47,993.52 $
September
$
216,008.25
$
73,442.81
$
142,565.45
72,717.45 $
24,723.93 $
47,993.52 $
72,717.45
24,723.93
47,993.52
0.34
October
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
November
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
41837.85
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
December
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
46659.9
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
January
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
48342.9
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
48837.6
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
7,896.00 $
10684.5
October
$
217,755.00
$
74,036.70
$
143,718.30
$
$
$
7,896.00 $
10684.5
November
$
222,577.05
$
75,676.20
$
146,900.85
72,717.45 $
24,723.93 $
47,993.52 $
7,896.00 $
10684.5
December
$
224,260.05
$
76,248.42
$
148,011.63
72,717.45 $
24,723.93 $
47,993.52 $
7,896.00
10684.5
January
$
224,754.75
$
76,416.62
$
148,338.14
72,717.45 $
24,723.93 $
47,993.52 $
72,717.45
24,723.93
47,993.52
2014
February
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
March
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
51285.6
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
April
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
49727.04
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
May
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
49240.16
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
46544.64
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
7,896.00 $
10684.5
7,896.00 $
10684.5
7,896.00 $
10684.5
7,896.00
10684.5
2014
February
$
227,202.75
$
77,248.94
$
149,953.82
$
$
$
March
$
225,644.19
$
76,719.02
$
148,925.17
72,717.45 $
24,723.93 $
47,993.52 $
April
$
$
$
72,717.45 $
24,723.93 $
47,993.52 $
May
225,157.31 $
76,553.49 $
148,603.82 $
72,717.45 $
24,723.93 $
47,993.52 $
222,461.79
75,637.01
146,824.78
72,717.45
24,723.93
47,993.52
2014
June
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
July
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
45807.52
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
August
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
45328.8
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
September
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
43185.44
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
42712.16
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
7,896.00 $
10684.5
7,896.00 $
10684.5
7,896.00 $
10684.5
7,896.00
10684.5
2014
June
$
$
$
$
$
$
July
221,724.67 $
75,386.39 $
146,338.28 $
72,717.45 $
24,723.93 $
47,993.52 $
August
221,245.95 $
219,102.59
75,223.62 $
74,494.88
146,022.33 $
144,607.71
72,717.45 $
24,723.93 $
47,993.52 $
September
$
218,629.31
$
74,333.97
$
144,295.34
72,717.45 $
24,723.93 $
47,993.52 $
72,717.45
24,723.93
47,993.52
October
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
November
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
40848.96
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
35705.44
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
December
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
33910.24
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
January
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
33382.56
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
7,896.00 $
10684.5
7,896.00 $
10684.5
7,896.00 $
10684.5
7,896.00
10684.5
2015
October
$
216,766.11
$
73,700.48
$
143,065.63
$
$
$
November
$
211,622.59
$
71,951.68
$
139,670.91
72,717.45 $
24,723.93 $
47,993.52 $
December
$
209,827.39
$
71,341.31
$
138,486.08
72,717.45 $
24,723.93 $
47,993.52 $
January
$
209,299.71
$
71,161.90
$
138,137.81
72,717.45 $
24,723.93 $
47,993.52 $
72,717.45
24,723.93
47,993.52
2015
February
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
March
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
30771.36
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
29836.224
$
$
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
April
May
June
$
$
$
$
$
$
$
$
$
$
$
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
29544.096
$
$
$
$
$
$
$
$
$
$
$
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
27926.784
$
$
$
$
$
$
$
$
$
$
$
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
27484.512
$
$
$
$
$
$
$
$
$
$
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
$
$
$
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
7,896.00 $
10684.5
7,896.00 $
10684.5
7,896.00 $
10684.5
7,896.00 $
10684.5
7,896.00
10684.5
2015
February
$
206,688.51
$
70,274.09
$
136,414.42
$
$
$
March
$ 205,753.37
$
69,956.15
$ 135,797.23
72,717.45 $
24,723.93 $
47,993.52 $
April
$ 192,096.02
$
65,312.65
$ 126,783.37
72,717.45 $
24,723.93 $
47,993.52 $
May
$ 190,478.71
$
64,762.76
$ 125,715.95
68,004.53 $
23,121.54 $
44,882.99 $
June
$ 190,036.44
$
64,612.39
$ 125,424.05
68,004.53 $
23,121.54 $
44,882.99 $
68,004.53
23,121.54
44,882.99
2015
July
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
August
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
27197.28
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
September
$
$
$
$
$
$
$
$
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
25911.264
$
$
$
$
$
$
$
$
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
25627.296
$
$
$
$
$
$
$
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
$
$
$
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65
October
November
$
$
$
$
$
15,978
44,108
15,395
4,525
22,392
24509.376
$
$
$
$
$
15,978
44,108
15,395
4,525
22,392
21423.264
$
$
$
$
5,634.13
15,553.48
5,428.50
1,595.65
$
$
$
$
5,634.13
15,553.48
5,428.50
1,595.65
7,896.00 $
10684.5
7,896.00 $
10684.5
July
August
$ 156,137.88 $ 154,851.86
$
53,086.88 $
52,649.63
$ 103,051.00 $ 102,202.23
$
$
$
56,152.30 $
19,091.78 $
37,060.52 $
7,896.00 $
10684.5
September
$ 154,567.90
$
52,553.08
$ 102,014.81
56,152.30 $
19,091.78 $
37,060.52 $
7,896.00 $
10684.5
October
$ 126,906.13
$
43,148.08
$
83,758.04
56,152.30 $
19,091.78 $
37,060.52 $
7,896.00
10684.5
November
$ 123,820.01
$
42,098.80
$
81,721.21
46,792.25 $
15,909.37 $
30,882.89 $
46,792.25
15,909.37
30,882.89
2016
December
January
February
March
$
$
$
$
$
15,978
44,108
15,395
4,525 $
4,525 $
4,525 $
22,392 $
22,392 $
22,392 $
20346.144
20029.536
18462.816
$
$
$
$
5,634.13
15,553.48
5,428.50
1,595.65 $
1,595.65 $
1,595.65 $
4,525
22,392
0
1,595.65
7,896.00 $
10684.5
December
$ 122,742.89
$
41,732.58
$
81,010.31
$
$
$
7,896.00 $
10684.5
January
$ 46,946.59
$ 15,961.84
$ 30,984.75
7,896.00 $
10684.5
February
$ 45,379.87
$ 15,429.15
$ 29,950.71
7,896.00
0
March
$ 26,917.05
$
9,151.80
$ 17,765.25
46,792.25 $ 20,176.15 $ 20,176.15 $

15,909.37 $
6,859.89 $
6,859.89 $
30,882.89 $ 13,316.26 $ 13,316.26 $
9,491.65
3,227.16
6,264.49
Rollout Schedule
March
Purchase
Lease
Total
April
67
506
573
Cost for Hardware

Cost for Software
Total Cost
May
93
86
179
429,750
143,250
573,000
578
413
991
134,250
44,750
179,000
743,250
247,750
991,000
Lease Billing
March
Hardware Payments
March
April
May
June
July
August
September
October
November
December
January
February
Dep Tax Sheild Outflow
Software Payments
March
April
May
June
July
August
September
October
November
December
January
April
$
2435.25
May
17,190 $
$
17,190
5,370
3196
7407.75
6,618.15 $
$
6,618.15
2,067.45
February
Dep Tax Sheild Outflow
811.75 1065.3333333333
2469.25
Lease Payments
Hardware
Tax Shield
Net Cash Flow
Software
Tax Shield
Net Cash Flow
NPV
Hardware
Software
Total
March
$
$
$
$
$
$
April
2,435.25 $
827.99 $
1,607.27 $
May
20,386.00 $
6,931.24 $
13,454.76 $
29,967.75
10,189.04
19,778.72
811.75 $
276.00 $
535.76 $
7,683.48 $
2,612.38 $
5,071.10 $
11,154.85
3,792.65
7,362.20
$2,851,560.02
$996,113.49
$3,847,673.51
24 Coterm Monthly
2012
June
July
0
271
271
August
54
122
176
203,250
67,750
271,000
September
655
133
788
132,000
44,000
176,000
110
64
174
591,000
197,000
788,000
130,500
43,500
174,000
2012
June
$
$
$
July
17,190 $
5,370 $
29,730 $
$
8559.5
$
$
$
6,618.15 $
2,067.45 $
11,446.05 $
$
August
17,190
5,370
29,730
8,130
$
$
$
$
$
9307.5
6,618.15
2,067.45
11,446.05
3,130.05
September
17,190
5,370
29,730
8,130
5,280
$
$
$
$
$
$
12656.5
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
17,190
5,370
29,730
8,130
5,280
23,640
13396
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2853.1666666667
3102.5 4218.8333333333 4465.3333333333

2012
June
$
$
$
$
$
$
July
60,849.50 $
20,688.83 $
40,160.67 $
August
September
69,727.50 $
78,356.50 $
102,736.00
23,707.35 $
26,641.21 $
34,930.24
46,020.15 $
51,715.29 $
67,805.76
22,984.82 $
7,814.84 $
15,169.98 $
26,364.20 $
8,963.83 $
17,400.37 $
29,513.33 $
10,034.53 $
19,478.80 $
38,861.23
13,212.82
25,648.41
2013
October
November
76
609
685
804
1087
1891
513,750
171,250
685,000
October
$
$
$
$
$
$
$
November
17,190
5,370
29,730
8,130
5,280
23,640
5,220
$
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
December
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
72
122
194
495,000
165,000
660,000
$
$
$
$
$
$
$
$
$
24344
$
$
$
$
$
$
$
$
January
60
600
660
1,418,250
472,750
1,891,000
16307.25
$
$
$
$
$
$
$
December
145,500
48,500
194,000
January
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
$
$
$
$
$
$
$
$
$
$
27149
$
$
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
27973.5
$
$
$
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
5435.75 8114.6666666667 9049.6666666667
October
$
110,867.25
$
37,694.87
$
73,172.39
$
$
$
November
$
139,454.00
$
47,414.36
$
92,039.64
41,841.35 $
14,226.06 $
27,615.29 $
December
$
198,989.00
$
67,656.26
$
131,332.74
52,432.02 $
17,826.89 $
34,605.13 $
9324.5
January
$
219,613.50
$
74,668.59
$
144,944.91
75,208.07 $
25,570.74 $
49,637.32 $
83,105.90
28,256.01
54,849.89
2013
February
Hardware Cost
$
Software Cost
$
24 month
HD Lease Factor
SW lease Factor
36 month
HD Lease Factor
SW lease Factor
365
595
960
720,000
240,000
960,000
750
250
0.04
0.0462
0.0311
0.0329
2013
February
$
$
$
$
$
$
$
$
$
$
$
March
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
$
$
$
$
$
$
$
$
$
$
$
$
32053.5
$
$
$
$
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
2,240.70
$
$
$
$
$
$
$
$
$
$
$
April
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
33514.65
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
2,240.70
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
May
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
33971.1
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
2,240.70
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
36498.15
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
2,240.70
$
10684.5
11,088.00 $
10684.5
11,088.00 $
10684.5
11,088.00
10684.5
2013
February
$
229,513.50
$
78,034.59
$
151,478.91
$
$
$
March
$
259,774.65
$
88,323.38
$
171,451.27
86,706.60 $
29,480.24 $
57,226.36 $
April
$
$
$
97,794.60 $
33,250.16 $
64,544.44 $
May
260,231.10 $
88,478.57 $
171,752.53 $
97,794.60 $
33,250.16 $
64,544.44 $
262,758.15
89,337.77
173,420.38
97,794.60
33,250.16
64,544.44
0.2
0.32
0.192
0.1152
0.1152
0.0576
0.0166666667
0.0266666667
0.016
0.0096
0.0096
0.0048
2013
June
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
July
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
37189.2
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
2,240.70
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
August
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
37638
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
2,240.70
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
September
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
39647.4
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
2,240.70
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
40091.1
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
2,240.70
11,088.00 $
10684.5
11,088.00 $
10684.5
11,088.00 $
10684.5
11,088.00
10684.5
2013
June
$
$
$
$
$
$
July
263,449.20 $
89,572.73 $
173,876.47 $
97,794.60 $
33,250.16 $
64,544.44 $
August
263,898.00 $
265,907.40
89,725.32 $
90,408.52
174,172.68 $
175,498.88
97,794.60 $
33,250.16 $
64,544.44 $
September
$
266,351.10
$
90,559.37
$
175,791.73
97,794.60 $
33,250.16 $
64,544.44 $
97,794.60
33,250.16
64,544.44
0.34
October
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
November
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
41837.85
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
2,240.70
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
December
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
46659.9
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
2,240.70
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
January
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
48342.9
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
2,240.70
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
48837.6
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
2,240.70
11,088.00 $
10684.5
October
$
268,097.85
$
91,153.27
$
176,944.58
$
$
$
11,088.00 $
10684.5
November
$
272,919.90
$
92,792.77
$
180,127.13
97,794.60 $
33,250.16 $
64,544.44 $
11,088.00 $
10684.5
December
$
274,602.90
$
93,364.99
$
181,237.91
97,794.60 $
33,250.16 $
64,544.44 $
11,088.00
10684.5
January
$
275,097.60
$
93,533.18
$
181,564.42
97,794.60 $
33,250.16 $
64,544.44 $
97,794.60
33,250.16
64,544.44
2014
February
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
March
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
51285.6
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
2,240.70
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
49727.04
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
2,240.70
11,088.00 $
10684.5
11,088.00
10684.5
2014
February
$
277,545.60
$
94,365.50
$
183,180.10
$
$
$
March
$
275,987.04
$
93,835.59
$
182,151.45
97,794.60 $
33,250.16 $
64,544.44 $
97,794.60
33,250.16
64,544.44
2014
2014
2015
2015
2015
2015
Rollout Schedule
2012
March
Purchase
Lease
Total
April
67
506
573
Cost for Hardware

Cost for Software
Total Cost
May
93
86
179
429,750
143,250
573,000
578
413
991
134,250
44,750
179,000
743,250
247,750
991,000
Lease Billing
March
Hardware Payments
March
April
May
June
July
August
September
October
November
December
January
February
Software Payments
March
April
May
June
July
August
September
October
November
December
April
$
2435.25
May
17,190 $
17,190
3196
7407.75
6,618.15 $
6,618.15
January
February
811.75 1065.3333333333
2469.25
Lease Payments
Hardware
Tax Shield
Net Cash Flow
Software
Tax Shield
Net Cash Flow
NPV
Hardware
Software
Total
March
$
$
$
$
$
$
April
2,435.25 $
827.99 $
1,607.27 $
May
20,386.00 $
6,931.24 $
13,454.76 $
811.75 $
276.00 $
535.76 $
7,683.48 $
2,612.38 $
5,071.10 $
$2,717,991.40
$946,149.75
$3,664,141.16
24,597.75
8,363.24
16,234.52
9,087.40
3,089.72
5,997.68
24 Coterm Quarterly
June
July
0
271
271
August
54
122
176
203,250
67,750
271,000
September
655
133
788
132,000
44,000
176,000
110
64
174
591,000
197,000
788,000
130,500
43,500
174,000
2012
June
$
July
17,190 $
$
$
$
8559.5
6,618.15 $
$
$
$
August
17,190
5,370
29,730
8,130
$
$
$
$
9307.5
6,618.15
2,067.45
11,446.05
3,130.05
September
17,190
5,370
29,730
8,130
$
$
$
$
12656.5
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
17,190
5,370
29,730
8,130
13396
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2853.1666666667
3102.5 4218.8333333333 4465.3333333333

2012
June
$
$
$
$
$
$
July
25,749.50 $
8,754.83 $
16,994.67 $
9,471.32 $
3,220.25 $
6,251.07 $
August
September
69,727.50 $
73,076.50 $
73,816.00
23,707.35 $
24,846.01 $
25,097.44
46,020.15 $
48,230.49 $
48,718.56
26,364.20 $
8,963.83 $
17,400.37 $
27,480.53 $
9,343.38 $
18,137.15 $
27,727.03
9,427.19
18,299.84
2013
October
November
76
609
685
804
1087
1891
513,750
171,250
685,000
October
$
$
$
$
$
$
$
November
17,190
5,370
29,730
8,130
5,280
23,640
5,220
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
December
17,190
5,370
29,730
8,130
5,280
23,640
5,220
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
72
122
194
495,000
165,000
660,000
$
$
$
$
$
$
$
24344
$
$
$
$
$
$
$
January
60
600
660
1,418,250
472,750
1,891,000
16307.25
$
$
$
$
$
$
$
December
145,500
48,500
194,000
January
17,190
5,370
29,730
8,130
5,280
23,640
5,220
$
$
$
$
$
$
$
$
$
$
27149
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
27973.5
$
$
$
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
5435.75 8114.6666666667 9049.6666666667
October
$
110,867.25
$
37,694.87
$
73,172.39
$
$
$
November
$
118,904.00
$
40,427.36
$
78,476.64
41,841.35 $
14,226.06 $
27,615.29 $
December
$
121,709.00
$
41,381.06
$
80,327.94
44,520.27 $
15,136.89 $
29,383.38 $
9324.5
January
$
219,613.50
$
74,668.59
$
144,944.91
45,455.27 $
15,454.79 $
30,000.48 $
83,105.90
28,256.01
54,849.89
February
Hardware Cost
$
Software Cost
$
24 month
HD Lease Factor
SW lease Factor
36 month
HD Lease Factor
SW lease Factor
365
595
960
720,000
240,000
960,000
750
250
0.04
0.0462
0.0311
0.0329
2013
February
$
$
$
$
$
$
$
$
$
$
March
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
$
$
$
$
$
$
$
$
$
$
32053.5
$
$
$
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
April
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
$
$
$
$
$
$
$
$
$
$
$
$
33514.65
$
$
$
$
$
$
$
$
$
$
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
May
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
33971.1
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
36498.15
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
10684.5
10684.5
2,240.70 $
11,088.00 $
10684.5
2,240.70
11,088.00
10684.5
2013
February
$
223,693.50
$
76,055.79
$
147,637.71
$
$
$
March
$
225,154.65
$
76,552.58
$
148,602.07
84,465.90 $
28,718.41 $
55,747.49 $
April
$
$
$
84,465.90 $
28,718.41 $
55,747.49 $
May
260,231.10 $
88,478.57 $
171,752.53 $
97,794.60 $
33,250.16 $
64,544.44 $
262,758.15
89,337.77
173,420.38
97,794.60
33,250.16
64,544.44
0.2
0.32
0.192
0.1152
0.1152
0.0576
0.0166666667
0.0266666667
0.016
0.0096
0.0096
0.0048
2013
June
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
July
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
37189.2
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
August
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
37638
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
September
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
39647.4
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
40091.1
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
2,240.70 $
11,088.00 $
10684.5
2,240.70 $
11,088.00 $
10684.5
2,240.70 $
11,088.00 $
10684.5
2,240.70
11,088.00
10684.5
2013
June
$
$
$
$
$
$
July
263,449.20 $
89,572.73 $
173,876.47 $
97,794.60 $
33,250.16 $
64,544.44 $
August
263,898.00 $
265,907.40
89,725.32 $
90,408.52
174,172.68 $
175,498.88
97,794.60 $
33,250.16 $
64,544.44 $
September
$
266,351.10
$
90,559.37
$
175,791.73
97,794.60 $
33,250.16 $
64,544.44 $
97,794.60
33,250.16
64,544.44
0.34
October
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
November
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
41837.85
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
December
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
46659.9
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
January
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
48342.9
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
48837.6
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
2,240.70 $
11,088.00 $
10684.5
October
$
268,097.85
$
91,153.27
$
176,944.58
$
$
$
2,240.70 $
11,088.00 $
10684.5
November
$
272,919.90
$
92,792.77
$
180,127.13
97,794.60 $
33,250.16 $
64,544.44 $
2,240.70 $
11,088.00 $
10684.5
December
$
274,602.90
$
93,364.99
$
181,237.91
97,794.60 $
33,250.16 $
64,544.44 $
2,240.70
11,088.00
10684.5
January
$
275,097.60
$
93,533.18
$
181,564.42
97,794.60 $
33,250.16 $
64,544.44 $
97,794.60
33,250.16
64,544.44
2014
February
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
March
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
51285.6
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
17,190
5,370
29,730
8,130
5,280
23,640
5,220
20,550
56,730
19,800
5,820
28,800
49727.04
6,618.15
2,067.45
11,446.05
3,130.05
2,032.80
9,101.40
2,009.70
7,911.75
21,841.05
7,623.00
$
$
2,240.70 $
11,088.00 $
10684.5
2,240.70
11,088.00
10684.5
2014
February
$
277,545.60
$
94,365.50
$
183,180.10
$
$
$
March
$
275,987.04
$
93,835.59
$
182,151.45
97,794.60 $
33,250.16 $
64,544.44 $
97,794.60
33,250.16
64,544.44
2014
2014
2015
2015
2015
2015
Rollout Schedule
March
Purchase
Lease
Total
April
67
506
573
Cost for Hardware

Cost for Software
Total Cost
May
93
86
179
429,750
143,250
573,000
578
413
991
134,250
44,750
179,000
743,250
247,750
991,000
Lease Billing
March
Hardware Payments
March
April
May
June
July
August
September
October
November
December
January
February
Dep tax Shield Outflow
Software Payments
March
April
May
June
July
August
September
October
November
December
April
$
2435.25
May
13,365 $
$
13,365
4,175
3196
7407.75
4,712.93 $
$
4,712.93
1,472.28
January
February
811.75 1065.3333333333
2469.25
Lease Payments
Hardware
Tax Shield
Net Cash Flow
Software
Tax Shield
Net Cash Flow
NPV
Hardware
Software
Total
March
$
$
$
$
$
$
April
2,435.25 $
827.99 $
1,607.27 $
May
16,561.23 $
5,630.82 $
10,930.41 $
811.75 $
276.00 $
535.76 $
5,778.26 $
1,964.61 $
3,813.65 $
$3,670,531.83
$1,153,899.54
$4,824,431.37
24,948.15
8,482.37
16,465.78
8,654.45
2,942.51
5,711.94
36 Coterm Monthly
2012
June
July
0
271
271
August
54
122
176
203,250
67,750
271,000
September
655
133
788
132,000
44,000
176,000
110
64
174
591,000
197,000
788,000
130,500
43,500
174,000
2012
June
$
$
$
July
13,365 $
4,175 $
23,115 $
$
8559.5
$
$
$
4,712.93 $
1,472.28 $
8,150.98 $
$
August
13,365
4,175
23,115
6,321
$
$
$
$
$
9307.5
4,712.93
1,472.28
8,150.98
2,228.98
September
13,365
4,175
23,115
6,321
4,105
$
$
$
$
$
$
12656.5
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
13,365
4,175
23,115
6,321
4,105
18,380
13396
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
2853.1666666667
3102.5 4218.8333333333 4465.3333333333

2012
June
$
$
$
$
$
$
July
49,214.98 $
16,733.09 $
32,481.88 $
August
September
56,284.05 $
63,738.25 $
82,857.85
19,136.58 $
21,671.01 $
28,171.67
37,147.47 $
42,067.25 $
54,686.18
17,189.34 $
5,844.38 $
11,344.97 $
19,667.65 $
6,687.00 $
12,980.65 $
22,231.58 $
7,558.74 $
14,672.85 $
28,959.38
9,846.19
19,113.19
2013
October
November
76
609
685
804
1087
1891
513,750
171,250
685,000
October
$
$
$
$
$
$
$
November
13,365
4,175
23,115
6,321
4,105
18,380
4,059
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
December
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
72
122
194
495,000
165,000
660,000
$
$
$
$
$
$
$
$
$
24344
$
$
$
$
$
$
$
$
January
60
600
660
1,418,250
472,750
1,891,000
16307.25
$
$
$
$
$
$
$
December
145,500
48,500
194,000
January
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
$
$
$
$
$
$
$
$
$
$
27149
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
27973.5
$
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
5435.75 8114.6666666667 9049.6666666667
October
$
89,827.65
$
30,541.40
$
59,286.25
$
$
$
November
$
113,842.03
$
38,706.29
$
75,135.74
31,360.95 $
10,662.72 $
20,698.23 $
December
$
160,754.60
$
54,656.56
$
106,098.04
39,673.99 $
13,489.16 $
26,184.83 $
9324.5
January
$
176,973.60
$
60,171.02
$
116,802.58
56,162.47 $
19,095.24 $
37,067.23 $
61,865.80
21,034.37
40,831.43
2013
February
Hardware Cost
$
Software Cost
$
24 month
HD Lease Factor
SW lease Factor
36 month
HD Lease Factor
SW lease Factor
365
595
960
720,000
240,000
960,000
750
250
0.04
0.0462
0.0311
0.0329
2013
February
$
$
$
$
$
$
$
$
$
$
$
March
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
$
$
$
$
$
$
$
$
$
$
$
$
32053.5
$
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
April
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
33514.65
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
May
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
33971.1
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
36498.15
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
1,595.65 $
$
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65
7,896.00
10684.5
2013
February
$
185,578.65
$
63,096.74
$
122,481.91
$
$
$
March
$
209,431.80
$
71,206.81
$
138,224.99
64,821.45 $
22,039.29 $
42,782.16 $
April
$
$
$
72,717.45 $
24,723.93 $
47,993.52 $
May
209,888.25 $
71,362.01 $
138,526.25 $
72,717.45 $
24,723.93 $
47,993.52 $
212,415.30
72,221.20
140,194.10
72,717.45
24,723.93
47,993.52
0.2
0.32
0.192
0.1152
0.1152
0.0576
0.0166666667
0.0266666667
0.016
0.0096
0.0096
0.0048
2013
June
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
July
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
37189.2
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
August
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
37638
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
September
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
39647.4
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
40091.1
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65
7,896.00
10684.5
2013
June
$
$
$
$
$
$
July
213,106.35 $
72,456.16 $
140,650.19 $
72,717.45 $
24,723.93 $
47,993.52 $
August
213,555.15 $
215,564.55
72,608.75 $
73,291.95
140,946.40 $
142,272.60
72,717.45 $
24,723.93 $
47,993.52 $
September
$
216,008.25
$
73,442.81
$
142,565.45
72,717.45 $
24,723.93 $
47,993.52 $
72,717.45
24,723.93
47,993.52
0.34
October
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
November
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
41837.85
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
December
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
46659.9
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
January
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
48342.9
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
48837.6
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
1,595.65 $
7,896.00 $
10684.5
October
$
217,755.00
$
74,036.70
$
143,718.30
$
$
$
1,595.65 $
7,896.00 $
10684.5
November
$
222,577.05
$
75,676.20
$
146,900.85
72,717.45 $
24,723.93 $
47,993.52 $
1,595.65 $
7,896.00 $
10684.5
December
$
224,260.05
$
76,248.42
$
148,011.63
72,717.45 $
24,723.93 $
47,993.52 $
1,595.65
7,896.00
10684.5
January
$
224,754.75
$
76,416.62
$
148,338.14
72,717.45 $
24,723.93 $
47,993.52 $
72,717.45
24,723.93
47,993.52
2014
February
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
March
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
51285.6
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
April
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
49727.04
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
May
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
49240.16
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
46544.64
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65
7,896.00
10684.5
2014
February
$
227,202.75
$
77,248.94
$
149,953.82
$
$
$
March
$
225,644.19
$
76,719.02
$
148,925.17
72,717.45 $
24,723.93 $
47,993.52 $
April
$
$
$
72,717.45 $
24,723.93 $
47,993.52 $
May
225,157.31 $
76,553.49 $
148,603.82 $
72,717.45 $
24,723.93 $
47,993.52 $
222,461.79
75,637.01
146,824.78
72,717.45
24,723.93
47,993.52
2014
June
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
July
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
45807.52
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
August
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
45328.8
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
September
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
43185.44
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
42712.16
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65
7,896.00
10684.5
2014
June
$
$
$
$
$
$
July
221,724.67 $
75,386.39 $
146,338.28 $
72,717.45 $
24,723.93 $
47,993.52 $
August
221,245.95 $
219,102.59
75,223.62 $
74,494.88
146,022.33 $
144,607.71
72,717.45 $
24,723.93 $
47,993.52 $
September
$
218,629.31
$
74,333.97
$
144,295.34
72,717.45 $
24,723.93 $
47,993.52 $
72,717.45
24,723.93
47,993.52
October
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
November
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
40848.96
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
35705.44
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
December
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
33910.24
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
January
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
33382.56
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65
7,896.00
10684.5
2015
October
$
216,766.11
$
73,700.48
$
143,065.63
$
$
$
November
$
211,622.59
$
71,951.68
$
139,670.91
72,717.45 $
24,723.93 $
47,993.52 $
December
$
209,827.39
$
71,341.31
$
138,486.08
72,717.45 $
24,723.93 $
47,993.52 $
January
$
209,299.71
$
71,161.90
$
138,137.81
72,717.45 $
24,723.93 $
47,993.52 $
72,717.45
24,723.93
47,993.52
2015
February
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
March
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
30771.36
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
29836.224
$
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
April
May
June
$
$
1,595.65 $
7,896.00 $
10684.5
1,595.65
7,896.00
10684.5
2015
February
$
206,688.51
$
70,274.09
$
136,414.42
$
$
$
March
$ 205,753.37
$
69,956.15
$ 135,797.23
72,717.45 $
24,723.93 $
47,993.52 $
72,717.45
24,723.93
47,993.52
2015
July
August
September
October
November
2016
December
January
February
Rollout Schedule
March
Purchase
Lease
Total
April
67
506
573
Cost for Hardware

Cost for Software
Total Cost
May
93
86
179
429,750
143,250
573,000
578
413
991
134,250
44,750
179,000
743,250
247,750
991,000
Lease Billing
March
Hardware Payments
March
April
May
June
July
August
September
October
November
December
January
February
Software Payments
March
April
May
June
July
August
September
October
November
December
April
$
2435.25
May
13,365 $
13,365
3196
7407.75
4,712.93 $
4,712.93
January
February
811.75 1065.3333333333
2469.25
Lease Payments
Hardware
Tax Shield
Net Cash Flow
Software
Tax Shield
Net Cash Flow
March
$
$
$
$
$
$
April
2,435.25 $
827.99 $
1,607.27 $
May
16,561.23 $
5,630.82 $
10,930.41 $
811.75 $
276.00 $
535.76 $
5,778.26 $
1,964.61 $
3,813.65 $
NPV
Hardware
Software
$3,567,429.29
$1,118,573.54
Total
$4,686,002.83
20,772.98
7,062.81
13,710.16
7,182.18
2,441.94
4,740.24
36 Coterm Quaterly
2012
June
July
0
271
271
August
54
122
176
203,250
67,750
271,000
September
655
133
788
132,000
44,000
176,000
110
64
174
591,000
197,000
788,000
130,500
43,500
174,000
2012
June
$
July
13,365 $
$
$
$
8559.5
4,712.93 $
$
$
$
August
13,365
4,175
23,115
6,321
$
$
$
$
9307.5
4,712.93
1,472.28
8,150.98
2,228.98
September
13,365
4,175
23,115
6,321
$
$
$
$
12656.5
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
13,365
4,175
23,115
6,321
13396
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
2853.1666666667
3102.5 4218.8333333333 4465.3333333333

2012
June
$
$
$
$
$
$
July
21,924.73 $
7,454.41 $
14,470.32 $
7,566.09 $
2,572.47 $
4,993.62 $
August
September
56,284.05 $
59,633.05 $
60,372.55
19,136.58 $
20,275.24 $
20,526.67
37,147.47 $
39,357.81 $
39,845.88
19,667.65 $
6,687.00 $
12,980.65 $
20,783.98 $
7,066.55 $
13,717.43 $
21,030.48
7,150.36
13,880.12
2013
October
November
76
609
685
804
1087
1891
513,750
171,250
685,000
October
$
$
$
$
$
$
$
November
13,365
4,175
23,115
6,321
4,105
18,380
4,059
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
December
13,365
4,175
23,115
6,321
4,105
18,380
4,059
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
72
122
194
495,000
165,000
660,000
$
$
$
$
$
$
$
24344
$
$
$
$
$
$
$
January
60
600
660
1,418,250
472,750
1,891,000
16307.25
$
$
$
$
$
$
$
December
145,500
48,500
194,000
January
13,365
4,175
23,115
6,321
4,105
18,380
4,059
$
$
$
$
$
$
$
$
$
$
27149
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
27973.5
$
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
5435.75 8114.6666666667 9049.6666666667
October
$
89,827.65
$
30,541.40
$
59,286.25
$
$
$
November
$
97,864.40
$
33,273.90
$
64,590.50
31,360.95 $
10,662.72 $
20,698.23 $
December
$
100,669.40
$
34,227.60
$
66,441.80
34,039.87 $
11,573.55 $
22,466.31 $
9324.5
January
$
176,973.60
$
60,171.02
$
116,802.58
34,974.87 $
11,891.45 $
23,083.41 $
61,865.80
21,034.37
40,831.43
2013
February
Hardware Cost
$
Software Cost
$
24 month
HD Lease Factor
SW lease Factor
36 month
HD Lease Factor
SW lease Factor
365
595
960
720,000
240,000
960,000
750
250
0.04
0.0462
0.0311
0.0329
2013
February
$
$
$
$
$
$
$
$
$
$
March
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
$
$
$
$
$
$
$
$
$
$
32053.5
$
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
April
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
$
$
$
$
$
$
$
$
$
$
$
$
33514.65
$
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
May
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
33971.1
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
36498.15
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
10684.5
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65
7,896.00
10684.5
2013
February
$
181,053.60
$
61,558.22
$
119,495.38
$
$
$
March
$
182,514.75
$
62,055.02
$
120,459.74
63,225.80 $
21,496.77 $
41,729.03 $
April
$
$
$
63,225.80 $
21,496.77 $
41,729.03 $
May
209,888.25 $
71,362.01 $
138,526.25 $
72,717.45 $
24,723.93 $
47,993.52 $
212,415.30
72,221.20
140,194.10
72,717.45
24,723.93
47,993.52
0.2
0.32
0.192
0.1152
0.1152
0.0576
0.0166666667
0.0266666667
0.016
0.0096
0.0096
0.0048
2013
June
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
July
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
37189.2
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
August
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
37638
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
September
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
39647.4
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
40091.1
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65
7,896.00
10684.5
2013
June
$
$
$
$
$
$
July
213,106.35 $
72,456.16 $
140,650.19 $
72,717.45 $
24,723.93 $
47,993.52 $
August
213,555.15 $
215,564.55
72,608.75 $
73,291.95
140,946.40 $
142,272.60
72,717.45 $
24,723.93 $
47,993.52 $
September
$
216,008.25
$
73,442.81
$
142,565.45
72,717.45 $
24,723.93 $
47,993.52 $
72,717.45
24,723.93
47,993.52
0.34
October
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
November
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
41837.85
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
December
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
46659.9
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
January
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
48342.9
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
48837.6
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
1,595.65 $
7,896.00 $
10684.5
October
$
217,755.00
$
74,036.70
$
143,718.30
$
$
$
1,595.65 $
7,896.00 $
10684.5
November
$
222,577.05
$
75,676.20
$
146,900.85
72,717.45 $
24,723.93 $
47,993.52 $
1,595.65 $
7,896.00 $
10684.5
December
$
224,260.05
$
76,248.42
$
148,011.63
72,717.45 $
24,723.93 $
47,993.52 $
1,595.65
7,896.00
10684.5
January
$
224,754.75
$
76,416.62
$
148,338.14
72,717.45 $
24,723.93 $
47,993.52 $
72,717.45
24,723.93
47,993.52
2014
February
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
March
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
51285.6
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
April
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
49727.04
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
May
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
49240.16
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
46544.64
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65
7,896.00
10684.5
2014
February
$
227,202.75
$
77,248.94
$
149,953.82
$
$
$
March
$
225,644.19
$
76,719.02
$
148,925.17
72,717.45 $
24,723.93 $
47,993.52 $
April
$
$
$
72,717.45 $
24,723.93 $
47,993.52 $
May
225,157.31 $
76,553.49 $
148,603.82 $
72,717.45 $
24,723.93 $
47,993.52 $
222,461.79
75,637.01
146,824.78
72,717.45
24,723.93
47,993.52
2014
June
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
July
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
45807.52
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
August
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
45328.8
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
September
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
43185.44
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
42712.16
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65
7,896.00
10684.5
2014
June
$
$
$
$
$
$
July
221,724.67 $
75,386.39 $
146,338.28 $
72,717.45 $
24,723.93 $
47,993.52 $
August
221,245.95 $
219,102.59
75,223.62 $
74,494.88
146,022.33 $
144,607.71
72,717.45 $
24,723.93 $
47,993.52 $
September
$
218,629.31
$
74,333.97
$
144,295.34
72,717.45 $
24,723.93 $
47,993.52 $
72,717.45
24,723.93
47,993.52
October
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
November
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
40848.96
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
35705.44
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
December
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
33910.24
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
January
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
33382.56
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65 $
7,896.00 $
10684.5
1,595.65
7,896.00
10684.5
2015
October
$
216,766.11
$
73,700.48
$
143,065.63
$
$
$
November
$
211,622.59
$
71,951.68
$
139,670.91
72,717.45 $
24,723.93 $
47,993.52 $
December
$
209,827.39
$
71,341.31
$
138,486.08
72,717.45 $
24,723.93 $
47,993.52 $
January
$
209,299.71
$
71,161.90
$
138,137.81
72,717.45 $
24,723.93 $
47,993.52 $
72,717.45
24,723.93
47,993.52
2015
February
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
March
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
30771.36
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
$
$
$
$
$
$
$
$
$
$
$
$
13,365
4,175
23,115
6,321
4,105
18,380
4,059
15,978
44,108
15,395
4,525
22,392
29836.224
$
$
$
$
$
$
$
$
$
$
4,712.93
1,472.28
8,150.98
2,228.98
1,447.60
6,481.30
1,431.15
5,634.13
15,553.48
5,428.50
April
May
June
$
$
1,595.65 $
7,896.00 $
10684.5
1,595.65
7,896.00
10684.5
2015
February
$
206,688.51
$
70,274.09
$
136,414.42
$
$
$
March
$ 205,753.37
$
69,956.15
$ 135,797.23
72,717.45 $
24,723.93 $
47,993.52 $
72,717.45
24,723.93
47,993.52
2015
July
August
September
October
November
2016
December
January
February
March
Rollout Schedule
March
Purchase
Lease
Total
April
67
506
573
Cost for Hardware

Cost for Software
Total Cost
May
93
86
179
429,750
143,250
573,000
578
413
991
134,250
44,750
179,000
743,250
247,750
991,000
Depreciation Schedule
Rate per month
Months
Hardware payment for
March
April
May
June
July
August
September
October
November
December
January
February
Total
Software payment for
March
April
May
June
July
August
September
October
November
December
January
February
Total
0.016666667 0.016666667 0.0166666667

1
2
3
7,163
$
$
7,163
2,238
$
$
$
7,163
2,238
12,388
7,163
9,400
21,788
$ 2,387.50
$ 2,387.50
$
745.83
$
$
$
2,387.50
745.83
4,129.17
$ 2,387.50
$ 3,133.33
7,262.50
2012
June
July
0
271
271
August
54
122
176
203,250
67,750
271,000
132,000
44,000
176,000
September
October
655
110
133
64
788
174
591,000
197,000
788,000
130,500
43,500
174,000
November
76
804
609
1087
685
1891
513,750
171,250
685,000
1,418,250
472,750
1,891,000
0.0166666667 0.0166666667 0.0166666667 0.0166666667 0.0166666667 0.0166666667

4
5
6
7
8
9
$
$
$
$
7,163
2,238
12,388
3,388
$
$
$
$
$
7,163
2,238
12,388
3,388
2,200
$
$
$
$
$
$
7,163
2,238
12,388
3,388
2,200
9,850
$
$
$
$
$
$
$
7,163
2,238
12,388
3,388
2,200
9,850
2,175
$
$
$
$
$
$
$
$
7,163
2,238
12,388
3,388
2,200
9,850
2,175
8,563
$
$
$
$
$
$
$
$
$
7,163
2,238
12,388
3,388
2,200
9,850
2,175
8,563
23,638
25,175
27,375
37,225
39,400
47,963
71,600
$
$
$
$
2,387.50
745.83
4,129.17
1,129.17
$
$
$
$
$
2,387.50
745.83
4,129.17
1,129.17
733.33
$
$
$
$
$
$
2,387.50
745.83
4,129.17
1,129.17
733.33
3,283.33
$
$
$
$
$
$
$
2,387.50
745.83
4,129.17
1,129.17
733.33
3,283.33
725.00
$
$
$
$
$
$
$
$
2,387.50
745.83
4,129.17
1,129.17
733.33
3,283.33
725.00
2,854.17
$
$
$
$
$
$
$
$
$
2,387.50
745.83
4,129.17
1,129.17
733.33
3,283.33
725.00
2,854.17
7,879.17
8,391.67
9,125.00
$ 12,408.33
$ 13,133.33
$ 15,987.50
$ 23,866.67
2013
December
January
60
600
660
February
72
122
194
495,000
165,000
660,000
Hardware Cost
Software Cost
24 month
HD Lease Factor
SW lease Factor
36 month
HD Lease Factor
SW lease Factor
365
595
960
145,500
48,500
194,000
720,000
240,000
960,000
0.0166666667 0.0166666667 0.0166666667 0.0266666667

10
11
12
13
$
$
$
$
$
$
$
$
$
$
7,163
2,238
12,388
3,388
2,200
9,850
2,175
8,563
23,638
8,250
$
$
$
$
$
$
$
$
$
$
$
7,163
2,238
12,388
3,388
2,200
9,850
2,175
8,563
23,638
8,250
2,425
79,850
82,275
$
$
$
$
$
$
$
$
$
$
2,387.50
745.83
4,129.17
1,129.17
733.33
3,283.33
725.00
2,854.17
7,879.17
2,750.00
$
$
$
$
$
$
$
$
$
$
$
2,387.50
745.83
4,129.17
1,129.17
733.33
3,283.33
725.00
2,854.17
7,879.17
2,750.00
808.33
$ 26,616.67
$ 27,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
7,163
2,238
12,388
3,388
2,200
9,850
2,175
8,563
23,638
8,250
2,425
12,000
94,275
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
0.0266666667
14
11,460
2,238
12,388
3,388
2,200
9,850
2,175
8,563
23,638
8,250
2,425
12,000
98,573
$
$
$
$
$
$
$
$
$
$
$
$
$
11,460
3,580
12,388
3,388
2,200
9,850
2,175
8,563
23,638
8,250
2,425
12,000
99,915
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
2,387.50
745.83
4,129.17
1,129.17
733.33
3,283.33
725.00
2,854.17
7,879.17
2,750.00
808.33
4,000.00
31,425.00
$
$
24 month
750
250
MACRS
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
0.04
0.0462
36 month
0.0311
0.0329
per year
per month
0.2
0.32
0.192
0.1152
0.1152
0.0576
0.0266666667 0.0266666667 0.0266666667 0.0266666667

15
16
17
18
$
$
$
$
$
$
$
$
$
$
$
$
$
11,460
3,580
19,820
3,388
2,200
9,850
2,175
8,563
23,638
8,250
2,425
12,000
107,348
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
11,460
3,580
19,820
5,420
2,200
9,850
2,175
8,563
23,638
8,250
2,425
12,000
109,380
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
11,460
3,580
19,820
5,420
3,520
9,850
2,175
8,563
23,638
8,250
2,425
12,000
110,700
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
0.0266666667
19
11,460
3,580
19,820
5,420
3,520
15,760
2,175
8,563
23,638
8,250
2,425
12,000
116,610
$
$
$
$
$
$
$
$
$
$
$
$
$
11,460
3,580
19,820
5,420
3,520
15,760
3,480
8,563
23,638
8,250
2,425
12,000
117,915
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
2,387.50
745.83
4,129.17
1,129.17
733.33
3,283.33
725.00
2,854.17
7,879.17
2,750.00
808.33
4,000.00
31,425.00
0.0266666667 0.0266666667 0.0266666667 0.0266666667 0.0266666667

20
21
22
23
24
0.016
25
$
$
$
$
$
$
$
$
$
$
$
$
$
11,460
3,580
19,820
5,420
3,520
15,760
3,480
13,700
23,638
8,250
2,425
12,000
123,053
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
11,460
3,580
19,820
5,420
3,520
15,760
3,480
13,700
37,820
8,250
2,425
12,000
137,235
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
11,460
3,580
19,820
5,420
3,520
15,760
3,480
13,700
37,820
13,200
2,425
12,000
142,185
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
11,460
3,580
19,820
5,420
3,520
15,760
3,480
13,700
37,820
13,200
3,880
12,000
143,640
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
11,460
3,580
19,820
5,420
3,520
15,760
3,480
13,700
37,820
13,200
3,880
19,200
150,840
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
6,876
3,580
19,820
5,420
3,520
15,760
3,480
13,700
37,820
13,200
3,880
19,200
146,256
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
10
11
12
13
0.016
26
0.016
27
0.016
28
0.016
29
0.016
30
0.016
31
6,876
2,148
19,820
5,420
3,520
15,760
3,480
13,700
37,820
13,200
3,880
19,200
144,824
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
6,876
2,148
11,892
5,420
3,520
15,760
3,480
13,700
37,820
13,200
3,880
19,200
136,896
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
6,876
2,148
11,892
3,252
3,520
15,760
3,480
13,700
37,820
13,200
3,880
19,200
134,728
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
6,876
2,148
11,892
3,252
2,112
15,760
3,480
13,700
37,820
13,200
3,880
19,200
133,320
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
6,876
2,148
11,892
3,252
2,112
9,456
3,480
13,700
37,820
13,200
3,880
19,200
127,016
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
6,876
2,148
11,892
3,252
2,112
9,456
2,088
13,700
37,820
13,200
3,880
19,200
125,624
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
14
15
16
17
18
19
0.016
32
0.016
33
0.016
34
0.016
35
0.016
36
0.0096
37
6,876
2,148
11,892
3,252
2,112
9,456
2,088
8,220
37,820
13,200
3,880
19,200
120,144
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
6,876
2,148
11,892
3,252
2,112
9,456
2,088
8,220
22,692
13,200
3,880
19,200
105,016
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
6,876
2,148
11,892
3,252
2,112
9,456
2,088
8,220
22,692
7,920
3,880
19,200
99,736
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
6,876
2,148
11,892
3,252
2,112
9,456
2,088
8,220
22,692
7,920
2,328
19,200
98,184
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
6,876
2,148
11,892
3,252
2,112
9,456
2,088
8,220
22,692
7,920
2,328
11,520
90,504
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
2,148
11,892
3,252
2,112
9,456
2,088
8,220
22,692
7,920
2,328
11,520
87,754
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
20
21
22
23
24
25
0.0096
38
0.0096
39
0.0096
40
0.0096
41
0.0096
42
0.0096
43
4,126
1,289
11,892
3,252
2,112
9,456
2,088
8,220
22,692
7,920
2,328
11,520
86,894
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
3,252
2,112
9,456
2,088
8,220
22,692
7,920
2,328
11,520
82,138
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
2,112
9,456
2,088
8,220
22,692
7,920
2,328
11,520
80,837
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
9,456
2,088
8,220
22,692
7,920
2,328
11,520
79,992
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
2,088
8,220
22,692
7,920
2,328
11,520
76,210
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
1,253
8,220
22,692
7,920
2,328
11,520
75,374
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
26
27
28
29
30
31
0.0096
44
0.0096
45
0.0096
46
0.0096
47
0.0096
48
0.0096
49
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
22,692
7,920
2,328
11,520
72,086
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
7,920
2,328
11,520
63,010
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
2,328
11,520
59,842
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
11,520
58,910
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
54,302
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
54,302
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
32
33
34
35
36
37
0.0096
50
0.0096
51
0.0096
52
0.0096
53
0.0096
54
0.0096
55
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
54,302
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
54,302
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
54,302
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
54,302
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
54,302
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
54,302
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
38
39
40
41
42
43
0.0096
56
0.0096
57
0.0096
58
0.0096
59
0.0096
60
0.0048
61
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
54,302
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
54,302
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
54,302
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
54,302
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
4,126
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
54,302
$
2,387.50
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 31,425.00
$
$
$
$
$
$
$
$
$
$
$
$
$
2,063
1,289
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
52,240
$
745.83
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 29,037.50
$
$
$
$
$
$
$
$
$
$
$
$
$
44
45
46
47
48
49
0.0048
62
0.0048
63
0.0048
64
0.0048
65
0.0048
66
0.0048
67
2,063
644
7,135
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
51,595
$
4,129.17
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 28,291.67
$
$
$
$
$
$
$
$
$
$
$
$
$
2,063
644
3,568
1,951
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
48,028
$
1,129.17
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 24,162.50
$
$
$
$
$
$
$
$
$
$
$
$
$
2,063
644
3,568
976
1,267
5,674
1,253
4,932
13,615
4,752
1,397
6,912
47,052
$
733.33
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 23,033.33
$
$
$
$
$
$
$
$
$
$
$
$
$
2,063
644
3,568
976
634
5,674
1,253
4,932
13,615
4,752
1,397
6,912
46,418
$
3,283.33
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 22,300.00
$
$
$
$
$
$
$
$
$
$
$
$
$
2,063
644
3,568
976
634
2,837
1,253
4,932
13,615
4,752
1,397
6,912
43,582
$
725.00
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 19,016.67
$
$
$
$
$
$
$
$
$
$
$
$
$
2,063
644
3,568
976
634
2,837
626
4,932
13,615
4,752
1,397
6,912
42,955
$
2,854.17
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 18,291.67
$
$
$
$
$
$
$
$
$
$
$
$
$
50
51
52
53
54
55
0.0048
68
0.0048
69
0.0048
70
0.0048
71
0.0048
72
73
2,063
644
3,568
976
634
2,837
626
2,466
13,615
4,752
1,397
6,912
40,489
$
7,879.17
$
2,750.00
$
808.33
$
4,000.00
$ 15,437.50
$
$
$
$
$
$
$
$
$
$
$
$
$
2,063
644
3,568
976
634
2,837
626
2,466
6,808
4,752
1,397
6,912
33,682
$ 2,750.00
$
808.33
$ 4,000.00
$ 7,558.33
$
$
$
$
$
$
$
$
$
$
$
$
$
2,063
644
3,568
976
634
2,837
626
2,466
6,808
2,376
1,397
6,912
31,306
$
808.33
$ 4,000.00
$ 4,808.33
$
$
$
$
$
$
$
$
$
$
$
$
$
2,063
644
3,568
976
634
2,837
626
2,466
6,808
2,376
698
6,912
30,607
$ 4,000.00
$ 4,000.00
$
$
$
$
$
$
$
$
$
$
$
$
$
2,063
644
3,568
976
634
2,837
626
2,466
6,808
2,376
698
3,456
27,151
$
$
$
$
$
$
$
$
$
$
$
$
644
3,568
976
634
2,837
626
2,466
6,808
2,376
698
3,456
25,088
56
57
58
59
60
Year
Year
Year
Year
Year
74
$
$
$
$
$
$
$
$
$
$
$
3,568
976
634
2,837
626
2,466
6,808
2,376
698
3,456
24,444
75
$
$
$
$
$
$
$
$
$
$
976
634
2,837
626
2,466
6,808
2,376
698
3,456
20,876
76
$
$
$
$
$
$
$
$
$
634
2,837
626
2,466
6,808
2,376
698
3,456
19,901
77
$
$
$
$
$
$
$
$
2,837
626
2,466
6,808
2,376
698
3,456
19,267
61
2
3
4
5
6
0.32
0.192
0.1152
0.1152
0.0576
78
$
$
$
$
$
$
$
626
2,466
6,808
2,376
698
3,456
16,430
79
$
$
$
$
$
$
2,466
6,808
2,376
698
3,456
15,804
62
63
64
65
66
67
68
0.026666667 0.026666667 0.026666667 0.026666667 0.026667 0.026667 0.026667

0.016
0.016
0.016
0.016
0.016
0.016
0.016
0.0096
0.0096
0.0096
0.0096
0.0096
0.0096
0.0096
0.0096
0.0096
0.0096
0.0096
0.0096
0.0096
0.0096
0.0048
0.0048
0.0048
0.0048
0.0048
0.0048
0.0048
80
$
$
$
$
$
6,808
2,376
698
3,456
13,338
81
$
$
$
$
2,376
698
3,456
6,530
82
$
$
$
698
3,456
4,154
83
$
$
3,456
3,456
69
70
71
72
0.026667 0.026667 0.026667 0.026667

0.016
0.016
0.016
0.016
0.0096
0.0096
0.0096
0.0096
0.0096
0.0096
0.0096
0.0096
0.0048
0.0048
0.0048
0.0048
Rollout Schedule
March
Purchase
Lease
Total
Cost for Hardware
Cost for Software
Total Cost
Months
Hardware
Payment
Depreciation Shield
Salvage Value
Cost of Disposable
Net Cash Flow
Software
Payment
Depreciation Shield
Net Cash Flow
NPV
Hardware
Software
Total
April
67
506
573
May
93
86
179
429,750
143,250
573,000
134,250
44,750
179,000
578
413
991
743,250
247,750
991,000
429,750
2435.25
134,250
3196
743,250
7407.75
427,315
131,054
735,842
143,250
$
811.75
142,438.25
44,750
1,065.33
43,684.67
247,750
$
2,469.25
245,280.75
$4,035,647.69
$1,325,298.39
$5,360,946.08
###
2012
June
July
0
271
271
54
122
176
203,250
67,750
271,000
August
132,000
44,000
176,000
September
655
133
788
October
110
64
174
591,000
197,000
788,000
130,500
43,500
174,000
76
609
685
513,750
171,250
685,000
203,250
8559.5
132,000
9307.5
591,000
12656.5
130,500
13396
513,750
16307.25
194,691
122,693
578,344
117,104
497,443
67,750
2,853.17
64,896.83
44,000
3,102.50
40,897.50
197,000
$
4,218.83
192,781.17
43,500
4,465.33
39,034.67
171,250
$
5,435.75
165,814.25
2013
November
December
804
1087
1891
1,418,250
472,750
1,891,000
January
60
600
660
February
72
122
194
495,000
165,000
660,000
145,500
48,500
194,000
365
595
960
720,000
240,000
960,000
10
11
12
13
1,418,250
24344
495,000
27149
145,500
27973.5
720,000
32053.5
33514.65
1,393,906
467,851
117,527
687,947
(33,515)
472,750
$
8,114.67
464,635.33
165,000
$
9,049.67
155,950.33
48,500
9,324.50
39,175.50
240,000
$
10,684.50
229,315.50
10,684.50
(10,684.50)
Months
Hardware Cost
$
Software Cost
$
24 month
HD Lease Factor
SW lease Factor
36 month
HD Lease Factor
SW lease Factor
750
250
0.04
0.0462
1
2
3
4
5
6
0.2
0.32
0.192
0.1152
0.1152
0.0576
0.0166666667
0.0266666667
0.016
0.0096
0.0096
0.0048
0.0311
0.0329
14
15
16
17
18
33971.1
36498.15
37189.2
37638
39647.4
(33,971)
(36,498)
(37,189)
(37,638)
(39,647)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50
(10,684.50)
0.34
19
20
21
22
23
40091.1
41837.85
46659.9
48342.9
48837.6
(40,091)
(41,838)
(46,660)
(48,343)
(48,838)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50
(10,684.50)
24
25
26
27
28
51285.6
49727.04
49240.16
46544.64
45807.52
(51,286)
(49,727)
(49,240)
(46,545)
(45,808)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50
(10,684.50)
29
30
31
32
33
45328.8
43185.44
42712.16
40848.96
35705.44
(45,329)
(43,185)
(42,712)
(40,849)
(35,705)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50
(10,684.50)
34
35
36
37
38
33910.24
33382.56
30771.36
29836.224
29544.096
(33,910)
(33,383)
(30,771)
(29,836)
(29,544)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50
(10,684.50)
39
40
41
42
43
27926.784
27484.512
27197.28
25911.264
25627.296
(27,927)
(27,485)
(27,197)
(25,911)
(25,627)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50
(10,684.50)
44
45
46
47
48
24509.376
21423.264
20346.144
20029.536
18462.816
(24,509)
(21,423)
(20,346)
(20,030)
(18,463)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50
(10,684.50)
49
50
51
52
53
18462.816
18462.816
18462.816
18462.816
18462.816
(18,463)
(18,463)
(18,463)
(18,463)
(18,463)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50
(10,684.50)
54
55
56
57
58
18462.816
18462.816
18462.816
18462.816
18462.816
(18,463)
(18,463)
(18,463)
(18,463)
(18,463)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
10,684.50
(10,684.50)
59
60
61
62
63
18462.816
18462.816
(18,463)
(18,463)
17761.464
5730
22920
(571)
17542.368
1790
7160
(12,172)
16329.384
9910
39640
13,401
10,684.50 $
(10,684.50)
10,684.50 $
(10,684.50)
9,872.75 $
(9,872.75)
9,619.17 $
(9,619.17)
8,215.25
(8,215.25)
64
65
66
67
68
15997.68
2710
10840
(7,868)
15782.256
1760
7040
(10,502)
14817.744
7880
31520
8,822
14604.768
1740
6960
(9,385)
13766.328
6850
27400
6,784
7,582.00 $
(7,582.00)
6,465.67 $
(6,465.67)
6,219.17 $
(6,219.17)
5,248.75
(5,248.75)
7,831.33 $
(7,831.33)
69
70
11451.744
18910
75640
45,278
2,569.83 $
(2,569.83)
71
72
73
74
10643.904
6600
26400
9,156
10406.448 9231.408 8530.056

1940
9600
7760
38400
(4,586)
19,569
(8,530)
8310.96
1,634.83 $
(1,634.83)
1,360.00
(1,360.00)
(8,311)
75
78
79
7097.976 6766.272 6550.848 5586.336
5373.36
(7,098)
76
(6,766)
77
(6,551)
(5,586)
(5,373)
80
81
82
4534.92 2220.336 1412.496
(4,535)
(2,220)
(1,412)
83
1175.04
(1,175)

AMG AbdullahAhmed Group4

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AMG Le

Lease Terms are valid through March 31, 2002

24 Months Leaseline( Monthly or Quarrterly Takedowns Billed Monthly)

Hardware Depriciation Secedule ( for placed in serice ha

Software Depriciation Secedule ( for placed in serice halfway

edule ( for placed in serice halfway through the fist year)

tal for AMG

( for placed in serice halfway through the fist year)

C Rollout Schedule for AMG, Inc

Cost for Hardware

3102.5 4218.8333333333 4465.3333333333

5435.75 8114.6666666667 9049.6666666667

Cost for Hardware

3102.5 4218.8333333333 4465.3333333333

5435.75 8114.6666666667 9049.6666666667

Cost for Hardware

Total Software Payment

3102.5 4218.8333333333 4465.3333333333

19667.65 22231.583333333 28959.383333333

5435.75 8114.6666666667 9049.6666666667

31360.95 39673.991666667 56162.466666667

Cost for Hardware

3102.5 4218.8333333333 4465.3333333333

5435.75 8114.6666666667 9049.6666666667

46,792.25 $ 20,176.15 $ 20,176.15 $

Cost for Hardware

3102.5 4218.8333333333 4465.3333333333

5435.75 8114.6666666667 9049.6666666667

Cost for Hardware

3102.5 4218.8333333333 4465.3333333333

5435.75 8114.6666666667 9049.6666666667

Cost for Hardware

3102.5 4218.8333333333 4465.3333333333

5435.75 8114.6666666667 9049.6666666667

Cost for Hardware

3102.5 4218.8333333333 4465.3333333333

5435.75 8114.6666666667 9049.6666666667

Cost for Hardware

0.016666667 0.016666667 0.0166666667

0.0166666667 0.0166666667 0.0166666667 0.0166666667 0.0166666667 0.0166666667

0.0166666667 0.0166666667 0.0166666667 0.0266666667

0.0266666667 0.0266666667 0.0266666667 0.0266666667

0.0266666667 0.0266666667 0.0266666667 0.0266666667 0.0266666667

0.026666667 0.026666667 0.026666667 0.026666667 0.026667 0.026667 0.026667

0.026667 0.026667 0.026667 0.026667

10406.448 9231.408 8530.056

7097.976 6766.272 6550.848 5586.336

4534.92 2220.336 1412.496

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