Assumptions

Interest Rate
Income Tax
Sales Tax %
Day Inventory Assumptions
Useful Life In Years
Annual Growth Rate

10%
30%
6%
12.00
9.00
10%

Year

1
790.09
102.60
687.49

Total Revenue
Total COGS
Gross Profit

2
853.30
110.81
742.49

3
921.57
119.67
801.89

4
995.29
129.25
866.04

Expenses
Marketing Expense
R&D Expense
Depreciation Expense
Misc. Expense
Operating Profit (EBIT)
Total Expenses
Interest Expense
Income Taxes
Net Income

$
$
$
$
$

300.00
100.00
287.49
400.00

$
$
$
$
$

30
$25.10

200.00
100.00
442.49
300.00

$
$
$
$

150.00
100.00
551.89
250.00

30
$28.68

$232.39

$383.81

30
$27.86
$494.03

$
$
$
$
$

100.00
50.00
716.04
150.00
30
$43.27
$642.77

Pro-Forma Balance Sheet

Year

Assets:
Cash
Accounts Receivable
Inventory
PP&E
Less: Accumulate Depreciation

559
$0
246.24
265
0 $

Total Assets:
Liabilities & Equity
Accounts Payable
Interest Payable
Notes Payable
Total Liabilities
Retained Earnings

$ 1,070.24

80
800
880
$232.39

642

744

778

265.94
265
29.44

287.21
265
$52

310.19
265
$74

$ 1,172.94

80
800
880
$616.21

$ 1,296.21

80
800
880
$1,110.24

$ 1,353.19

80
800
880
$1,753.02

Total Equity
Total Liabilities & Equity
DFN

$
Year

EBIT
Plus Depreciation
Less Change In working capital
Less Capital Expenditures
Cash Flows
Net Present Value

$232.39

$616.21

$1,110.24

$1,753.02

$1,112.39

$1,496.21

$1,990.24

$2,633.02

837.85

556.73

185.97 $

(399.83)

1
2
3
4
-232.39
-645.65
-1161.77
-1826.63
0 29.4444444 51.5277778 73.6111111
614.06
592.79
569.81
544.99
-265.00
0.00
0.00
0.00
116.67
-23.42
-540.43
-1208.02
-2983.41

5
1074.91
139.59
935.33

$
$
$
$
$

50.00
45.00
840.33
95.00
30
$38.45
$771.88

5
805
335.01
265
$96
$

1,405.01

80
800
880
$2,524.89

$2,524.89
$3,404.89
$ (1,119.89)
5
-2620.59
95.69444444
0
0
-2524.894953