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Estimated investment

Estimated Life
Annual after-tax cash flows:
Years 1-4:
Years 5-10:

Salvage value(@50% of investment)

Year 0 1
Depreciation(@ 25% of WDV) 990,000
Depreciated book value 2,970,000

Cash Inflow -3,960,000 760000


Depreciated Tax Shield (DTS) 346,500
Net Cash Inflow -3960000 1106500

Present Value Factor( @ 12%) 1 0.893

Present Value -3960000 987946.4286

Net Present Value (NPV) 1,488,834.77


3,960,000
10 years

760000
850000

111,501

2 3 4 5 6 7
742,500 556,875 417,656 313,242 234,932 176,199
2,227,500 1,670,625 1,252,969 939,727 704,795 528,596

760000 760000 760000 850000 850000 850000


259,875 194,906 146,180 109,635 82,226 61,670
1019875 954906.25 906179.6875 959634.7656 932226.0742 911669.5557

0.797 0.712 0.636 0.567 0.507 0.452

813038.10587 679683.4073 575893.5737 544522.5377 472294.7412 412393.0082


8 9 10
132,149 99,112 74,334
396,447 297,335 223,002

850000 850000 850000


46,252 34,689 26,017
896252.1667 884689.1251 876016.8438

0.404 0.361 0.322

361981.2182 319027.7675 282053.9785


Estimated investment
Payment Period
Interest Rate
Present Value Annuity Factor
Annuity Payment
Total Annuity Payment

Year 0 1
Payment 1,136,708
Principal 963,312
Intrest 173,396

Intrest Tax Shield 43,349


Net Cost of Machine 36,736

Depreciation(@ 6.67% of WDV) 309,000


Depreciated book value 4,326,000

Annuity Discount Rate


Recovery of Instalment
Period
Present Value Annuity Factor
Annuity Payment
4,635,000 6.666666667
8 years
18%
4.078
1,136,708
9,093,661

2 3 4 5 6 7
1,136,708 1,136,708 1,136,708 1,136,708 1,136,708 1,136,708
816,366 691,835 586,301 496,865 421,072 356,841
320,342 444,872 550,406 639,842 715,635 779,867

80,085 111,218 137,602 159,961 178,909 194,967


57,516 67,691 70,973 69,920 66,273 61,205

309,000 309,000 309,000 309,000 309,000 309,000


4,017,000 3,708,000 3,399,000 3,090,000 2,781,000 2,472,000

12%
4,149,196
15 years
6.811
609,202.51
8 9 10 11 12 13
1,136,708
302,408 4,635,000
834,300

208,575
55,489 485,804 4,149,196

309,000 309,000 309,000 309,000 309,000 309,000


2,163,000 1,854,000 1,545,000 1,236,000 927,000 618,000
14 15

309,000 309,000
309,000 -
Estimated investment
Payment Period
Interest Rate
Present Value Annuity Factor
Annuity Payment
Total Annuity Payment

Year 0 1
Payment 532,000
Principal 350,000
Intrest 182,000

Intrest Tax Shield 45,500


Implicit Interest Paid 136,500
Implicit Interest Rate 9.75%

Annuity Discount Rate


Recovery of Instalment
Period
Present Value Annuity Factor
Annuity Payment
1,400,000 6.666666667
4 years
13%

532,000
2,128,000

2 3 4
532,000 532,000 532,000
350,000 350,000 350,000
182,000 182,000 182,000

45,500 45,500 45,500


136,500 136,500 136,500
9.75% 9.75% 9.75%

13%
1,400,000
4 years
2.974
470,671.88
Principal Loan
Payment Period
Interest Rate
Interest(SI)
Net Payment
Discounted Rate
Future Value Annuity Factor
Annuity Payment

Discounted Rate
Payment Period
Present Value Annuity Factor
Annuity Payment

Annuity Discount Rate


Recovery of Instalment
Period
Present Value Annuity Factor
Annuity Payment
6,500,000
7 years
15%
6,825,000
13,325,000
18.50%
12.331
1,080,642
7,564,491

15.0%
7
4.160
1,562,342 481,701

1,400,000
#DIV/0!
#DIV/0! years