Yrs Profit before depreciation & Taxes Depreciation PBT Taxes PAT Depreciation

1 10000 2000 8000 2400 5600 2000

1 50000 15000 35000 20000

2 200000 60000 140000 42000 98000 60000
3 0 400000 200000
4 0
5 500000 100000 400000 120000 280000 100000

1
2
3
4
5
CFAT
7600

55000
158000
600000
600000
380000
YRS PBDT DEPRE PBT TAXES PAT DEPRE CFAT DIS F @ 10% DCF
1 40000 16000 24000 12000 12000 16000 28000 0.909090909 25454.55
2 40000 16000 24000 12000 12000 16000 28000 0.826446281 23140.5
3 40000 16000 24000 12000 12000 16000 28000 0.751314801 21036.81
4 40000 16000 24000 12000 12000 16000 28000 0.683013455 19124.38
5 40000 16000 24000 12000 12000 16000 28000 0.620921323 17385.8
5 20000 0.62092132 12418.43
DCI 118560.5
DEPRE COM-S.V/ NO OF YRS DCO 100000
100000-20000/5 NPV 18560.46
16000 PI 1.185605
DPP 4 YRS & 7.76 months
11243.7675

12 17385
7.760483175 11243

CFAT CUM CFAT

1 28000 28000
2 28000 56000 SPP
3 28000 84000 16000
4 28000 112000 12 28000
5 28000 140000 ? 16000
5 20000 160000 6.857143

3YRS & 6.85 Months

PAT
1 12000
2 12000
3 12000
4 12000
5 12000
60000

Avg PAT 60000 Inv 100000-20000

5 80000
12000

12000/80000
15
 CUM DCFAT
25454.54545
48595.04132
69631.85575
88756.2325
106142.0295
118560.4559

4 YRS & 7.76 months