Summary

Risk Free rate

Market risk premium

4%
7%

Capital Constraints
Beta Constrainta
Max
500,000.00 Max
Min
10,000.00 Min

Project
Project
Project
Project
Project
Project
Project
Project
Project
Project
Project
Project

A
B
C
D
E
F
G
H
I
J
K

Investment
Life
-10000
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0.25
0.5

Project Characteristics
Beta
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Projects considered
Project accepted
Total Invested
Total NPV
Overall beta

ct Characteristics
Payback

Dpayback
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IRR
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NPV
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considered

`
6
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#1

Mutually Exclusive Sets

#2
#3
0
0
0
0
X
0
0
0
0
0
X
0
0
0
0
0
0
0
X
1
0
0
X
1
0
0
X

0
0
0
0
0
0
0
0
0
0
1

YES/NO
1 YES
0 NO
0 NO
1 YES
0 NO
1 YES
0 NO
1 YES
0 NO
1 YES
1 YES

Work Area
Data validation for mutually exclusive sets

clusive sets

Mutually exclusive set constraints

Mex1
1
Mex2
1
Mex3
1

Non Negative NPV Projects

-1
0
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0

1
1
1

Project
Life
Beta

0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

B
5
0.5
10,000.00
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

C
6
0.8
10,000.00
5,000.00
4,000.00
3,000.00
2,000.00
1,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

D
10
0.4
30,000.00
4,000.00
4,000.00
4,000.00
4,000.00
4,000.00
4,000.00
4,000.00
4,000.00
4,000.00
12,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

15
0.8
80,000.00
2,000.00
1,000.00
3,000.00
8,000.00
10,000.00
12,000.00
15,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

F
12
1.1
30,000.00
5,000.00
7,000.00
8,000.00
8,000.00
8,000.00
6,000.00
6,000.00
6,000.00
12,000.00
6,000.00
6,000.00
26,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

G
7
2.1
32,000.00
8,000.00
12,000.00
12,000.00
12,000.00
11,000.00
9,000.00
20,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

12
0.9
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

I
13
1.2
65,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

15
1.7
70,000.00
5,000.00
8,000.00
12,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

K
14
1.5
30,000.00
2,000.00
3,000.00
23,000.00
20,000.00
14,000.00
12,000.00
9,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

20
0.6
55,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00
8,000.00

Summary
Details of Capital Project: Project A
Project
Life
Beta
Year

A
5
0.5
Cash Flow
0 10,000.00
1
1,000.00
2
2,000.00
3
3,000.00
4
4,000.00
5
5,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

Discount rate
Payback Period
Discounted Payback Period
Internal Rate of Return
Net Present Value

l Project: Project A
7.5%
Yes
Yes
12.01%
1,553.77

CCF
Payback?
10,000.00 No
9,999.00 No
9,997.00 No
9,994.00 No
9,990.00 No
9,985.00 No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

DCF
-10000
930.23
1730.67
2414.88
2995.20
3482.79

CDCF

Dpayback?
-10000 No
-9069.77 No
-7339.10 No
-4924.22 No
-1929.02 No
1553.77 Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

ARR

10%

Summary
Details of Capital Project: Project B
Project
Life
Beta
Year

B
6
0.8
Cash Flow
0 10,000.00
1
5,000.00
2
4,000.00
3
3,000.00
4
2,000.00
5
1,000.00
6
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

Discount rate
Payback Period
Discounted Payback Period
Internal Rate of Return
Net Present Value

Project: Project B
9.6%
Yes
Yes
23.69%
3,343.02

CCF
Payback?
10,000.00 No
9,999.00 No
9,997.00 No
9,994.00 No
9,990.00 No
9,985.00 No
9,979.00 No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

DCF

CDCF
-10000
4562.04
3329.96
2278.71
1386.08
632.34

Dpayback?
-10000 No
-5437.96 No
-2108.00 No
170.72 Yes
1556.79 Yes
2189.13 Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

ARR

12%

Summary
Details of Capital Project: Project C
Project
Life
Beta
Year

C
10
0.4
Cash Flow
0 30,000.00
1
4,000.00
2
4,000.00
3
4,000.00
4
4,000.00
5
4,000.00
6
4,000.00
7
4,000.00
8
4,000.00
9
4,000.00
10 12,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

Discount rate
Payback Period
Discounted Payback Period
Internal Rate of Return
Net Present Value

l Project: Project C
6.8%
Yes
Yes
8.36%
2,499.50

CCF
Payback?
30,000.00 No
29,999.00 No
29,997.00 No
29,994.00 No
29,990.00 No
29,985.00 No
29,979.00 No
29,972.00 No
29,964.00 No
29,955.00 No
29,945.00 No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

DCF

CDCF
-30000
3745.32
3506.85
3283.57
3074.50
2878.75

Dpayback?
-30000 No
-26254.68 No
-22747.83 No
-19464.26 No
-16389.76 No
-13511.01 No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

ARR

6%

Summary
Details of Capital Project: Project D
Project
Life
Beta
Year

D
15
0.8
Cash Flow
0 80,000.00
1
2,000.00
2
1,000.00
3
3,000.00
4
8,000.00
5 10,000.00
6 12,000.00
7 15,000.00
8 20,000.00
9 20,000.00
10 20,000.00
11 20,000.00
12 20,000.00
13 20,000.00
14 20,000.00
15
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

Discount rate
Payback Period
Discounted Payback Period
Internal Rate of Return
Net Present Value

l Project: Project D
9.6%
Yes
Yes
9.41%
1,247.70

CCF
Payback?
80,000.00 No
79,999.00 No
79,997.00 No
79,994.00 No
79,990.00 No
79,985.00 No
79,979.00 No
79,972.00 No
79,964.00 No
79,955.00 No
79,945.00 No
79,934.00 No
79,922.00 No
79,909.00 No
79,895.00 No
79,880.00 No
Yes
Yes
Yes
Yes
Yes

DCF

CDCF
-80000
-1824.82
-832.49
2278.71
5544.31
6323.35

Dpayback?
-80000 No
-81824.82 No
-82657.31 No
-80378.59 No
-74834.28 No
-68510.93 No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

ARR

9%

Summary
Details of Capital Project: Project F
Project
Life
Beta
Year

E
12
1.1
Cash Flow
0 30,000.00
1
5,000.00
2
7,000.00
3
8,000.00
4
8,000.00
5
8,000.00
6
6,000.00
7
6,000.00
8
6,000.00
9 12,000.00
10
6,000.00
11
6,000.00
12 26,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

Discount rate
Payback Period
Discounted Payback Period
Internal Rate of Return
Net Present Value

l Project: Project F
11.7%
Yes
Yes
12.34%
1,164.17

CCF
Payback?
30,000.00 No
29,999.00 No
29,997.00 No
29,994.00 No
29,990.00 No
29,985.00 No
29,979.00 No
29,972.00 No
29,964.00 No
29,955.00 No
29,945.00 No
29,934.00 No
29,922.00 No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

DCF

CDCF
-30000
-4476.28
5610.37
5740.25
5138.98
4600.70

Dpayback?
-30000 No
-34476.28 No
-28865.90 No
-23125.66 No
-17986.67 No
-13385.97 No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

ARR

11%

Summary
Details of Capital Project: Project G
Project
Life
Beta
Year

F
7
2.1
Cash Flow
0 32,000.00
1
8,000.00
2 12,000.00
3 12,000.00
4 12,000.00
5 11,000.00
6
9,000.00
7 20,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

Discount rate
Payback Period
Discounted Payback Period
Internal Rate of Return
Net Present Value

l Project: Project G
18.7%
Yes
Yes
28.67%
10,386.01

CCF
Payback?
32,000.00 No
31,999.00 No
31,997.00 No
31,994.00 No
31,990.00 No
31,985.00 No
31,979.00 No
31,972.00 No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

DCF

CDCF
-32000
6739.68
8516.87
7175.12
6044.75
4668.09

Dpayback?
-32000 No
-25260.32 No
-16743.45 No
-9568.34 No
-3523.59 No
1144.50 Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

ARR

23%

Summary
Details of Capital Project: Project H
Project
Life
Beta
Year

G
12
0.9
Cash Flow
0 5,000.00
1 5,000.00
2 5,000.00
3 5,000.00
4 5,000.00
5 5,000.00
6 6,000.00
7 6,000.00
8 6,000.00
9 6,000.00
10 6,000.00
11 6,000.00
12 6,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

Discount rate
Payback Period
Discounted Payback Period
Internal Rate of Return
Net Present Value

l Project: Project H
10.3%
Yes
Yes
Err:523
41,526.32

CCF

Payback?
5,000.00 Yes
5,001.00 Yes
5,003.00 Yes
5,006.00 Yes
5,010.00 Yes
5,015.00 Yes
5,021.00 Yes
5,028.00 Yes
5,036.00 Yes
5,045.00 Yes
5,055.00 Yes
5,066.00 Yes
5,078.00 Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

DCF

CDCF
5000
4533.09
4109.78
3726.01
3378.06
3062.62

Dpayback?
5000 Yes
9533.09 Yes
13642.88 Yes
17368.88 Yes
20746.95 Yes
23809.56 Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

ARR

-120%

Details of Capital Project: Project I

Project
Life
Beta
Year

H
13
1.2
Cash Flow
0 65,000.00
1 15,000.00
2 15,000.00
3 15,000.00
4 15,000.00
5 15,000.00
6 15,000.00
7 15,000.00
8 15,000.00
9 15,000.00
10 15,000.00
11 15,000.00
12 15,000.00
13 15,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

Discount rate
Payback Period
Discounted Payback Period
Internal Rate of Return
Net Present Value

l Project: Project I
12.4%
Yes
Yes
21.18%
29,500.57

CCF
Payback?
65,000.00 No
64,999.00 No
64,997.00 No
64,994.00 No
64,990.00 No
64,985.00 No
64,979.00 No
64,972.00 No
64,964.00 No
64,955.00 No
64,945.00 No
64,934.00 No
64,922.00 No
64,909.00 No
Yes
Yes
Yes
Yes
Yes
Yes
Yes

DCF

CDCF
-65000
13345.20
11872.95
10563.12
9397.80
8361.03

Dpayback?
-65000 No
-51654.80 No
-39781.85 No
-29218.73 No
-19820.94 No
-11459.91 No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

ARR

15%

Details of Capital Project: Project J

Project
Life
Beta
Year

I
15
1.7
Cash Flow
0 70,000.00
1
5,000.00
2
8,000.00
3 12,000.00
4 15,000.00
5 15,000.00
6 15,000.00
7 15,000.00
8 15,000.00
9 15,000.00
10 15,000.00
11 15,000.00
12 15,000.00
13 15,000.00
14 15,000.00
15 15,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

Discount rate
Payback Period
Discounted Payback Period
Internal Rate of Return
Net Present Value

l Project: Project J
15.9%
Yes
Yes
15.44%
1,740.95

CCF
Payback?
70,000.00 No
69,999.00 No
69,997.00 No
69,994.00 No
69,990.00 No
69,985.00 No
69,979.00 No
69,972.00 No
69,964.00 No
69,955.00 No
69,945.00 No
69,934.00 No
69,922.00 No
69,909.00 No
69,895.00 No
69,880.00 No
Yes
Yes
Yes
Yes
Yes

DCF

CDCF
-70000
4314.06
5955.57
7707.81
8312.99
7172.56

Dpayback?
-70000 No
-65685.94 No
-59730.37 No
-52022.56 No
-43709.57 No
-36537.01 No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

ARR

13%

Summary
Details of Capital Project: Project K
Project
Life
Beta
Year

J
14
1.5
Cash Flow
0 30,000.00
1
2,000.00
2
3,000.00
3 23,000.00
4 20,000.00
5 14,000.00
6 12,000.00
7
9,000.00
8
5,000.00
9
5,000.00
10
5,000.00
11
5,000.00
12
5,000.00
13
5,000.00
14
5,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00

Discount rate
Payback Period
Discounted Payback Period
Internal Rate of Return
Net Present Value

l Project: Project K
14.5%
Yes
Yes
30.72%
25,105.23

CCF
Payback?
30,000.00 No
29,999.00 No
29,997.00 No
29,994.00 No
29,990.00 No
29,985.00 No
29,979.00 No
29,972.00 No
29,964.00 No
29,955.00 No
29,945.00 No
29,934.00 No
29,922.00 No
29,909.00 No
29,895.00 No
Yes
Yes
Yes
Yes
Yes
Yes

DCF

CDCF
-30000
1746.72
2288.29
15321.86
11636.12
7113.78

Dpayback?
-30000 No
-28253.28 No
-25964.99 No
-10643.13 No
992.98 Yes
8106.77 Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

ARR

21%

Summary
Details of Capital Project: Project A
Project
Life
Beta
Year

K
20
0.6
Cash Flow
0 55,000.00
1
8,000.00
2
8,000.00
3
8,000.00
4
8,000.00
5
8,000.00
6
8,000.00
7
8,000.00
8
8,000.00
9
8,000.00
10
8,000.00
11
8,000.00
12
8,000.00
13
8,000.00
14
8,000.00
15
8,000.00
16
8,000.00
17
8,000.00
18
8,000.00
19
8,000.00
20
8,000.00

Discount rate
Payback Period
Discounted Payback Period
Internal Rate of Return
Net Present Value

l Project: Project A
8.2%
#N/A
Yes
13.36%
22,389.81

CCF
Payback?
55,000.00 No
54,999.00 No
54,997.00 No
54,994.00 No
54,990.00 No
54,985.00 No
54,979.00 No
54,972.00 No
54,964.00 No
54,955.00 No
54,945.00 No
54,934.00 No
54,922.00 No
54,909.00 No
54,895.00 No
54,880.00 No
54,864.00 No
54,847.00 No
54,829.00 No
54,810.00 No
54,790.00 No

DCF

CDCF
-55000
7393.72
6833.38
6315.51
5836.88
5394.53

Dpayback?
-55000 No
-47606.28 No
-40772.91 No
-34457.40 No
-28620.52 No
-23225.99 No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

ARR

10%