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Case Winston & Holmes
Case Winston & Holmes
Investments
Contigency
F&F
Total Inv
F&F Useful Life
Dep per year
salvage Value
Working Capital
Gross Margin
Inv Days of COGS
Decrease in days
New Inv days in COGS
1996
5100841
58%
45%
15%
2%
2
12
1
10
1875
87
52
2958488
F/T employee
P/T employee
1
0.25
0.5
38%
176304
108576
45240
dep
tax
outlays
npv
discounting
185502
100%
10%
50000
2%
20%
Tax Rate
25
712921
3.67
194256.4
712921
597168
1167431
100000
1200000
1300000
10 years
117500
25000
46.45%
118
20
98
53.55%
Inflows
Increased Sales
COGS
Contribution
Inventory
Outflows
Annual Maintenance
Elec
Water
Gas
F/T wage
P/T wage
Advertising
Rent
Lost contri
Grand opening
Depreciation
Income before Taxes
Provision Before taxes
Net Income
Inflows
Outlays
Depreciation
Taxes
Required Debt on Capital
Present of Cash Inflows
Discounting
NPV
2958488
1997
1998
1999
1331319.6 1531018 1760670
712921.6458 819859.9 942838.9
618397.9542 711157.6 817831.3
194073.1147 223184.1 256661.7
117500
117500
117500
22500
22500
22500
11250
11250
11250
5625
5625
5625
108576
108576
108576
45240
45240
45240
185502 166951.8 150256.6
66996
66996
66996
19088
50000
117500
117500
117500
-131379
49019
172388
12254.71 43096.92
-131379
36764
129291
117500
NA
1331320
194073
Sales
Cost of Sales
Average Inventory
Purchases
Cogs
1331320
194073
812472
712921
1525393
518848.6458
604518.9542
117500
117500
12254.71 43096.92
13879
2000
2024770.697
1084264.708
940505.9886
295160.9483
2001
2065266.111
1105950.002
959316.1084
301064.1673
117500
117500
22500
22500
11250
11250
5625
5625
108576
108576
45240
45240
135230.958 121707.8622
66996
66996
117500
117500
310088
342421
77522.00765 85605.31154
232566
256816
117500
77522.01
117500
85605.31
Inflows
Increased Sales
2958488
COGS
Contribution
Inventory
Outflows
Annual Maintenance
Elec
Water
Gas
F/T wage
P/T wage
Advertising
Rent
Lost contri
Grand opening
1997
1331320
#REF!
#REF!
#REF!
1999
#REF!
#REF!
#REF!
#REF!
117500
117500
117500
22500
22500
22500
11250
11250
11250
5625
5625
5625
108576
108576
108576
45240
45240
45240
185502 166951.8 150256.6
66996
66996
66996
#REF!
50000
#REF!
117500 #REF!
Outlays
Depreciation
117500
Taxes
Required Debt on Capital
NPV
Discounting
1331320
194073
Inflows
Sales
Cost of Sales
Average Inventory
Purchases
Cogs
1998
#REF!
#REF!
#REF!
#REF!
1331320
194073
812472
712921
1525393
#REF!
117500
117500
2000
#REF!
#REF!
#REF!
#REF!
2001
#REF!
#REF!
#REF!
#REF!
117500
117500
22500
22500
11250
11250
5625
5625
108576
108576
45240
45240
135231 121707.9
66996
66996
117500
117500