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Year 0 1 2 3 4 5

Saving -9000000 3000000 3000000 3000000 3000000 3000000


Dep 0 2999700 4000500 1332900 666900 0
inflow -9000000 300 -1000500 1667100 2333100 3000000
Tax 0 114 -380190 633498 886578 1140000
inflow after tax -9000000 186 -620310 1033602 1446522 1860000
add Dep 0 2999700 4000500 1332900 666900 0
cash flow -9000000 2999886 3380190 2366502 2113422 1860000
pv factor @ 15% 1 0.86956522 0.756144 0.657516 0.571753 0.497177
PV -9000000 2608596.52 2555909 1556013 1208356 924748.7 -146376
Dep exp
1 33.33 2999700
2 44.45 4000500
3 14.81 1332900
4 7.41 666900

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