KEY ASSUMPTIONS

Investment Details
New Existing 2011 New Investment Status Quo First Year of Investment Input Denomination $000 Name of Investment

Taxation & Amortisation Rate Credits

33.00% Company/Business Tax Rate Goodwill Amort (Yrs) 10

Carry forward tax credits (if any) on operational losses?

Capital and Cost of Capital Equity Ke Debt Kd Timing CE

10,000 15.00% 9,000 7.00% End Beg Current level of Company Equity (in denomination above) Cost of Equity, or Calculate Current level of Company Debt Cost of Debt Discount cash flow evenly through the year (Mid) or at the end (End). Capital Employed calculated at the start of the year (Beg) or averaged (Avg). Weighted Average Cost of Capital Risk-Free Rate Market Risk Premium Equity Beta 7.00% 8.00% 1.00

WACC = 10.12%
Include existing asset input data in EVA capital charge?

Terminal Value Include Rate Capex

2.00% 0 Include a terminal value after 5 years? Calculation Type Infinite Finite

Growth Rate after Yr 5 (or omit to use Yr 5 Growth Rate as per forecast). Ongoing annual capital expenditure requirement into perpetuity

Comparable Investment Score

Optimal 10.00% 500 3.0 5.0 500 Weight 40% Return on Invested Capital (> WACC) 25% Net Present Value of cash flows 5% Cost/Benefit Ratio 15% Payback Period for cash invested 15% Free cash flow after 2 years 100% Apply default weightings: Capital Constrained

0 2

TRUE Mid End Beg Avg

FALSE TRUE 1

0 1

1 1 Capital Constrained Capital Constrained No Capital Constraint Capital Constrained 40 25 5 15 15 100 40 25 5 15 15 100 20 40 20 10 10 100