Current Y0 Y1 Y2 Y3 Y4 Y5

Gross Sales 1904762 2000000 2100000 2205000 2315250 2431012.5

Sales Net of 1866666.76 1960000 2058000 2160900 2268945 2382392.25
Variable COG 1238095.3 1300000 1365000 1433250 1504912.5 1580158.125
Depreciation 0 0 0 0 0 -70000
Earning Befor 628571.46 660000 693000 727650 764032.5 872234.125
Tax payable 213714.2964 224400 235620 247401 259771.05 296559.6025
Earning After 414857.1636 435600 457380 480249 504261.45 575674.5225

Cash Inflows
A/R balance = 233333.345 245000 257250 270112.5 283618.125 297799.0313
Collection fr 1633333.415 1948333.345 2045750 2148037.5 2255439.375 2368211.344

Cash Outflows
Inventory Bal 95238.1 100000 105000 110250 115762.5 121550.625
Increased Inv 0 4761.9 5000 5250 5512.5 5788.125
Total Cash Out 0 1304761.9 1370000 1438500 1510425 1585946.25

Net Cashflow Estimation

Collection from Sales Net Sales
-Cash Outflow
-Cash Outflow from Tax
-Investment in equipment
+Recovery (Last yr's A/R balance + Salvage value + Inventory + Depreciation)