Real Estate 1cqm9pdl6 - 232635

REVENUE Year 1 Year 2 Year 3 Year 4 Year 5
MEMBERS
Start Annual percent growth, by Year Membership

Q: 10 300.0% 80.0% 37.0% 17.5% 10.0% New
Mo: 1 (10.0%) (10.0%) (10.0%) (10.0%) (10.0%) (Churn)
Total Membership
Fees by Year Membership Dues
Initiation $2,000 $2,000 $2,000 $2,000 $2,000 Initiation Fees
Monthly $500 $500 $500 $500 $500 3 Monthly Dues 3
Total Member. Dues
STANDARD
Transactions per Year Transactions
Member 56 32 27 25 24 Member
non-Mem. 2,745 6,862 9,607 12,352 13,724 non-Member
Total Trips
Revenue per X-action, by Year X-action Revenue
Member $1,500 $1,500 $1,500 $1,500 $1,500 Members
non-Mem. $3,000 $3,000 $3,000 $3,000 $3,000 3 Single-use 3
Total Trip Revenue
OTHER Other Revenue Source

Units per Year Units
Type 1 Type 1
Type 2 Type 2
Total
Revenue per Unit, by Year Revenue
Type 1 $1,000 $1,000 $1,500 $1,500 $1,500 Type 1
Type 2 $1,500 $1,500 $2,250 $2,250 $2,250 3 Type 2 3
Total Revenue
Membership Rev.
X-action Revenue
Other Revenue
TOTAL REVENUE
Year 1
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9
0 3 3 4 5 6 7 9 11
(0) (0) (0) (0) (0) (0) (0) (0)
10 12 15 19 24 30 37 46 56
$20,000 $5,000 $6,208 $7,709 $9,572 $11,885 $14,757 $18,323 $22,751

$417 $517 $642 $798 $990 $1,230 $1,527 $1,896 $2,354
$20,417 $5,517 $6,851 $8,506 $10,562 $13,114 $16,284 $20,219 $25,105
47 58 72 89 111 138 171 212 264

229 229 229 229 229 229 229 229 229
275 287 301 318 340 366 400 441 492
$69,995 $86,910 $107,913 $133,992 $166,374 $206,581 $256,505 $318,493 $395,463

$686,200 $686,200 $686,200 $686,200 $686,200 $686,200 $686,200 $686,200 $686,200
$756,195 $773,110 $794,113 $820,192 $852,574 $892,781 $942,705 $1,004,693 $1,081,663
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$20,417 $5,517 $6,851 $8,506 $10,562 $13,114 $16,284 $20,219 $25,105

$756,195 $773,110 $794,113 $820,192 $852,574 $892,781 $942,705 $1,004,693 $1,081,663
$0 $0 $0 $0 $0 $0 $0 $0 $0
$776,611 $778,627 $800,964 $828,699 $863,136 $905,895 $958,988 $1,024,912 $1,106,768
Year 2
Month 10 Month 11 Month 12 Month 13 Month 14 Month 15 Month 16 Month 17
14 18 22 7 8 8 9 9
(0) (1) (1) (1) (1) (1) (1) (1)
70 87 108 114 121 128 136 144
$28,249 $35,076 $43,553 $14,421 $15,262 $16,152 $17,095 $18,092

$2,923 $3,629 $4,507 $4,769 $5,048 $5,342 $5,654 $5,984
$31,172 $38,706 $48,060 $19,190 $20,310 $21,495 $22,748 $24,075
327 406 505 302 319 338 358 378

229 229 229 572 572 572 572 572
556 635 733 874 891 910 929 950
$491,033 $609,699 $757,043 $452,513 $478,910 $506,846 $536,412 $567,703

$686,200 $686,200 $686,200 $1,715,500 $1,715,500 $1,715,500 $1,715,500 $1,715,500
$1,177,233 $1,295,899 $1,443,243 $2,168,013 $2,194,410 $2,222,346 $2,251,912 $2,283,203
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$31,172 $38,706 $48,060 $19,190 $20,310 $21,495 $22,748 $24,075

$1,177,233 $1,295,899 $1,443,243 $2,168,013 $2,194,410 $2,222,346 $2,251,912 $2,283,203
$0 $0 $0 $0 $0 $0 $0 $0
$1,208,405 $1,334,605 $1,491,302 $2,187,204 $2,214,720 $2,243,841 $2,274,661 $2,307,278
Year 2
10 10 11 11 12 13 13 7
(1) (1) (1) (1) (2) (2) (2) (2)
152 161 170 180 191 202 214 218
$19,147 $20,264 $21,446 $22,697 $24,021 $25,423 $26,906 $13,170

$6,333 $6,702 $7,093 $7,507 $7,945 $8,408 $8,898 $9,099
$25,480 $26,966 $28,539 $30,204 $31,966 $33,830 $35,804 $22,268
401 424 449 475 503 532 563 492

572 572 572 572 572 572 572 801
972 996 1,020 1,047 1,074 1,104 1,135 1,293
$600,819 $635,867 $672,959 $712,215 $753,761 $797,730 $844,264 $738,409

$1,715,500 $1,715,500 $1,715,500 $1,715,500 $1,715,500 $1,715,500 $1,715,500 $2,401,700
$2,316,319 $2,351,367 $2,388,459 $2,427,715 $2,469,261 $2,513,230 $2,559,764 $3,140,109
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$25,480 $26,966 $28,539 $30,204 $31,966 $33,830 $35,804 $22,268

$2,316,319 $2,351,367 $2,388,459 $2,427,715 $2,469,261 $2,513,230 $2,559,764 $3,140,109
$0 $0 $0 $0 $0 $0 $0 $0
$2,341,799 $2,378,333 $2,416,998 $2,457,919 $2,501,227 $2,547,061 $2,595,568 $3,162,377
Year 3
7 7 7 7 7 8 8 8
(2) (2) (2) (2) (2) (2) (2) (2)
223 228 233 239 244 250 255 261
$13,466 $13,769 $14,079 $14,396 $14,719 $15,051 $15,389 $15,736

$9,303 $9,513 $9,727 $9,946 $10,169 $10,398 $10,632 $10,871
$22,769 $23,282 $23,806 $24,341 $24,889 $25,449 $26,021 $26,607
503 515 526 538 550 563 575 588

801 801 801 801 801 801 801 801
1,304 1,315 1,327 1,339 1,351 1,363 1,376 1,389
$755,023 $772,011 $789,381 $807,142 $825,303 $843,872 $862,859 $882,274

$2,401,700 $2,401,700 $2,401,700 $2,401,700 $2,401,700 $2,401,700 $2,401,700 $2,401,700
$3,156,723 $3,173,711 $3,191,081 $3,208,842 $3,227,003 $3,245,572 $3,264,559 $3,283,974
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$22,769 $23,282 $23,806 $24,341 $24,889 $25,449 $26,021 $26,607

$3,156,723 $3,173,711 $3,191,081 $3,208,842 $3,227,003 $3,245,572 $3,264,559 $3,283,974
$0 $0 $0 $0 $0 $0 $0 $0
$3,179,492 $3,196,993 $3,214,887 $3,233,183 $3,251,892 $3,271,021 $3,290,581 $3,310,581
Year 4
8 8 8 4 4 4 4 4
(2) (2) (2) (2) (2) (2) (2) (2)
267 273 279 281 282 284 286 288
$16,090 $16,452 $16,822 $8,135 $8,186 $8,237 $8,289 $8,341

$11,116 $11,366 $11,622 $11,694 $11,768 $11,841 $11,915 $11,990
$27,206 $27,818 $28,444 $19,830 $19,954 $20,078 $20,204 $20,330
601 615 629 582 585 589 593 596

801 801 801 1,029 1,029 1,029 1,029 1,029
1,402 1,416 1,429 1,611 1,615 1,618 1,622 1,626
$902,125 $922,423 $943,177 $872,620 $878,074 $883,562 $889,084 $894,641

$2,401,700 $2,401,700 $2,401,700 $3,087,900 $3,087,900 $3,087,900 $3,087,900 $3,087,900
$3,303,825 $3,324,123 $3,344,877 $3,960,520 $3,965,974 $3,971,462 $3,976,984 $3,982,541
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$27,206 $27,818 $28,444 $19,830 $19,954 $20,078 $20,204 $20,330

$3,303,825 $3,324,123 $3,344,877 $3,960,520 $3,965,974 $3,971,462 $3,976,984 $3,982,541
$0 $0 $0 $0 $0 $0 $0 $0
$3,331,031 $3,351,940 $3,373,321 $3,980,350 $3,985,927 $3,991,540 $3,997,188 $4,002,871
Year 4
4 4 4 4 4 4 4 3
(2) (2) (2) (2) (2) (2) (2) (3)
290 291 293 295 297 299 301 301
$8,393 $8,445 $8,498 $8,551 $8,604 $8,658 $8,712 $5,010

$12,064 $12,140 $12,216 $12,292 $12,369 $12,446 $12,524 $12,524
$20,457 $20,585 $20,714 $20,843 $20,973 $21,105 $21,236 $17,534
600 604 608 611 615 619 623 602

1,029 1,029 1,029 1,029 1,029 1,029 1,029 1,144
1,629 1,633 1,637 1,641 1,645 1,648 1,652 1,746
$900,232 $905,859 $911,520 $917,217 $922,950 $928,718 $934,523 $903,000

$3,087,900 $3,087,900 $3,087,900 $3,087,900 $3,087,900 $3,087,900 $3,087,900 $3,431,000
$3,988,132 $3,993,759 $3,999,420 $4,005,117 $4,010,850 $4,016,618 $4,022,423 $4,334,000
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$20,457 $20,585 $20,714 $20,843 $20,973 $21,105 $21,236 $17,534

$3,988,132 $3,993,759 $3,999,420 $4,005,117 $4,010,850 $4,016,618 $4,022,423 $4,334,000
$0 $0 $0 $0 $0 $0 $0 $0
$4,008,589 $4,014,344 $4,020,134 $4,025,960 $4,031,823 $4,037,723 $4,043,659 $4,351,534
Year 5
3 3 3 3 3 3 3 3
(3) (3) (3) (3) (3) (3) (3) (3)
301 301 301 301 301 301 301 301
$5,010 $5,010 $5,010 $5,010 $5,010 $5,010 $5,010 $5,010

$12,524 $12,524 $12,524 $12,524 $12,524 $12,524 $12,524 $12,524
$17,534 $17,534 $17,534 $17,534 $17,534 $17,534 $17,534 $17,534
602 602 602 602 602 602 602 602

1,144 1,144 1,144 1,144 1,144 1,144 1,144 1,144
1,746 1,746 1,746 1,746 1,746 1,746 1,746 1,746
$903,000 $903,000 $903,000 $903,000 $903,000 $903,000 $903,000 $903,000

$3,431,000 $3,431,000 $3,431,000 $3,431,000 $3,431,000 $3,431,000 $3,431,000 $3,431,000
$4,334,000 $4,334,000 $4,334,000 $4,334,000 $4,334,000 $4,334,000 $4,334,000 $4,334,000
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$17,534 $17,534 $17,534 $17,534 $17,534 $17,534 $17,534 $17,534

$4,334,000 $4,334,000 $4,334,000 $4,334,000 $4,334,000 $4,334,000 $4,334,000 $4,334,000
$0 $0 $0 $0 $0 $0 $0 $0
$4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534
Year
Month 58 Month 59 Month 60 1 2 3 4
3 3 3 102 120 90 51
(3) (3) (3) (3) (15) (24) (29)
301 301 301 108 214 279 301
$5,010 $5,010 $5,010 $223,084 $240,926 $179,137 $101,050

$12,524 $12,524 $12,524 $21,430 $79,681 $123,762 $145,259
$17,534 $17,534 $17,534 $244,514 $320,608 $302,899 $246,309
602 602 602 2,400 5,040 6,696 7,226

1,144 1,144 1,144 2,745 6,862 9,607 12,352
1,746 1,746 1,746 5,145 11,902 16,303 19,578
$903,000 $903,000 $903,000 $3,600,000 $7,560,000 $10,044,000 $10,839,000

$3,431,000 $3,431,000 $3,431,000 $8,234,400 $20,586,000 $28,820,400 $37,054,800
$4,334,000 $4,334,000 $4,334,000 $11,834,400 $28,146,000 $38,864,400 $47,893,800
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$17,534 $17,534 $17,534 $244,514 $320,608 $302,899 $246,309

$4,334,000 $4,334,000 $4,334,000 $11,834,400 $28,146,000 $38,864,400 $47,893,800
$0 $0 $0 $0 $0 $0 $0
$4,351,534 $4,351,534 $4,351,534 $12,078,914 $28,466,608 $39,167,299 $48,140,109
5 5 Years
30 392
(30) (102)
301 301
$60,115 $804,312
$150,288 $520,421
$210,404 $1,324,733
7,224 28,586
13,724 45,289
20,948 73,875
$10,836,000 $42,879,000
$41,172,000 $135,867,600
$52,008,000 $178,746,600
0 0
0 0
$0 $0
$0 $0
$0 $0
$0 $0
$210,404 $1,324,733
$52,008,000 $178,746,600
$0 $0
$52,218,404 $180,071,333
COGS Year 1 Year 2 Year 3 Year 4 Year 5
Transaction FEES (COGS)

Individual Fee per X-action, by Year Passenger Fees
Facility $100 $100 $100 $100 $100 Facility
Vendor 3 Vendor ###
Total Passenger Fees
Other COGS
Total Cost of Goods

Year 1
$4,666 $5,794 $7,194 $8,933 $11,092 $13,772 $17,100 $21,233 $26,364

$0 $0 $0 $0 $0 $0 $0 $0 $0
$4,666 $5,794 $7,194 $8,933 $11,092 $13,772 $17,100 $21,233 $26,364
$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
$5,666 $6,794 $8,194 $9,933 $12,092 $14,772 $18,100 $22,233 $27,364

Year 2
$32,736 $40,647 $50,470 $30,168 $31,927 $33,790 $35,761 $37,847 $40,055

$0 $0 $0 $0 $0 $0 $0 $0 $0
$32,736 $40,647 $50,470 $30,168 $31,927 $33,790 $35,761 $37,847 $40,055
$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
$33,736 $41,647 $51,470 $31,168 $32,927 $34,790 $36,761 $38,847 $41,055

Year 2
$42,391 $44,864 $47,481 $50,251 $53,182 $56,284 $49,227 $50,335 $51,467

$0 $0 $0 $0 $0 $0 $0 $0 $0
$42,391 $44,864 $47,481 $50,251 $53,182 $56,284 $49,227 $50,335 $51,467
$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
$43,391 $45,864 $48,481 $51,251 $54,182 $57,284 $50,227 $51,335 $52,467

Year 3
$52,625 $53,809 $55,020 $56,258 $57,524 $58,818 $60,142 $61,495 $62,878

$0 $0 $0 $0 $0 $0 $0 $0 $0
$52,625 $53,809 $55,020 $56,258 $57,524 $58,818 $60,142 $61,495 $62,878
$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
$53,625 $54,809 $56,020 $57,258 $58,524 $59,818 $61,142 $62,495 $63,878

Year 4
$58,175 $58,538 $58,904 $59,272 $59,643 $60,015 $60,391 $60,768 $61,148

$0 $0 $0 $0 $0 $0 $0 $0 $0
$58,175 $58,538 $58,904 $59,272 $59,643 $60,015 $60,391 $60,768 $61,148
$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
$59,175 $59,538 $59,904 $60,272 $60,643 $61,015 $61,391 $61,768 $62,148

Year 5
$61,530 $61,915 $62,302 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200

$0 $0 $0 $0 $0 $0 $0 $0 $0
$61,530 $61,915 $62,302 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200
$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
$62,530 $62,915 $63,302 $61,200 $61,200 $61,200 $61,200 $61,200 $61,200

Year 5 Year
Month 55 Month 56 Month 57 Month 58 Month 59 Month 60 1 2 3
$60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $240,000 $504,000 $669,600

$0 $0 $0 $0 $0 $0 $0 $0 $0
$60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $240,000 $504,000 $669,600
$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000 $12,000 $12,000
$61,200 $61,200 $61,200 $61,200 $61,200 $61,200 $252,000 $516,000 $681,600

Year
4 5 5 Years
$722,600 $722,400 $2,858,600

$0 $0 $0
$722,600 $722,400 $2,858,600
$12,000 $12,000 $60,000
$734,600 $734,400 $2,918,600

PAYROLL Year 1
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Annual increase: 5%
CORPORATE START BASE $k
CEO 1 $150.0 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500
CMO 1 $40.0 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333
Director of Marketing 1 $150.0 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500 $12,500
COO 1 $70.0 $5,833 $5,833 $5,833 $5,833 $5,833 $5,833 $5,833 $5,833 $5,833 $5,833 $5,833 $5,833
Accountant 1 $65.0 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417 $5,417
Security 1 $60.0 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000
Customer Service Manager 1 $55.0 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583
Facility Manager 1 $55.0 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583 $4,583
Head of HR 1 $50.0 $4,167 $4,167 $4,167 $4,167 $4,167 $4,167 $4,167 $4,167 $4,167 $4,167 $4,167 $4,167
Maintenance Manager 1 $40.0 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333
Executive Admin 1 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Salary, Corporate $410 $61,250 $61,250 $61,250 $61,250 $61,250 $61,250 $61,250 $61,250 $61,250 $61,250 $61,250 $61,250
OPERATIONS
CSR 1 9 $2.7 $0 $0 $0 $0 $0 $0 $0 $0 $227 $227 $227 $227
CSR 2 9 $2.7 $0 $0 $0 $0 $0 $0 $0 $0 $227 $227 $227 $227
CSR 3 9 $2.7 $0 $0 $0 $0 $0 $0 $0 $0 $227 $227 $227 $227
CSR 4 9 $2.7 $0 $0 $0 $0 $0 $0 $0 $0 $227 $227 $227 $227
CSR 5 9 $2.7 $0 $0 $0 $0 $0 $0 $0 $0 $227 $227 $227 $227
CSR 6 9 $2.7 $0 $0 $0 $0 $0 $0 $0 $0 $227 $227 $227 $227
CSR 7 9 $2.7 $0 $0 $0 $0 $0 $0 $0 $0 $227 $227 $227 $227
CSR 8 9 $2.7 $0 $0 $0 $0 $0 $0 $0 $0 $227 $227 $227 $227
CSR 9 9 $2.7 $0 $0 $0 $0 $0 $0 $0 $0 $227 $227 $227 $227
CSR 10 9 $2.7 $0 $0 $0 $0 $0 $0 $0 $0 $227 $227 $227 $227
CSR 11 9 $2.7 $0 $0 $0 $0 $0 $0 $0 $0 $227 $227 $227 $227
CSR 12 9 $2.7 $0 $0 $0 $0 $0 $0 $0 $0 $227 $227 $227 $227
Maintenance 1 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 2 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 3 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 4 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 5 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 6 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 7 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 8 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 9 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 10 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 11 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 12 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 13 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 14 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 15 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 16 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 17 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 18 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 19 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 20 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 21 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 22 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 23 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 24 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 25 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 26 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 27 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 28 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 29 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 30 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 31 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 32 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 33 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 34 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 35 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 36 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 37 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 38 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 39 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Maintenance 40 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Client Relations 1 9 $2.7 $0 $0 $0 $0 $0 $0 $0 $0 $227 $227 $227 $227
Driver 1 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 2 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 3 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 4 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 5 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 6 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 7 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 8 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 9 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 10 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 11 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 12 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 13 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 14 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 15 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 16 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 17 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 18 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 19 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 20 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 21 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 22 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 23 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 24 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 25 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 26 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 27 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 28 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 29 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Driver 30 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Server 1 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Server 2 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Server 3 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Server 4 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Server 5 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Server 6 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Server 7 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Server 8 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Server 9 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Server 10 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Server 11 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Server 12 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Vehicle Maintenance 1 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Vehicle Maintenance 2 9 $2.4 $0 $0 $0 $0 $0 $0 $0 $0 $201 $201 $201 $201
Total Salary, Operations $11 $0 $0 $0 $0 $0 $0 $0 $0 $23,676 $23,676 $23,676 $23,676
Total Base Salary Expense $421 $61,250 $61,250 $61,250 $61,250 $61,250 $61,250 $61,250 $61,250 $84,926 $84,926 $84,926 $84,926
Year 2
$13,125 $13,125 $13,125 $13,125 $13,125 $13,125 $13,125 $13,125 $13,125 $13,125 $13,125 $13,125
$3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500
$13,125 $13,125 $13,125 $13,125 $13,125 $13,125 $13,125 $13,125 $13,125 $13,125 $13,125 $13,125
$6,125 $6,125 $6,125 $6,125 $6,125 $6,125 $6,125 $6,125 $6,125 $6,125 $6,125 $6,125
$5,688 $5,688 $5,688 $5,688 $5,688 $5,688 $5,688 $5,688 $5,688 $5,688 $5,688 $5,688
$5,250 $5,250 $5,250 $5,250 $5,250 $5,250 $5,250 $5,250 $5,250 $5,250 $5,250 $5,250
$4,813 $4,813 $4,813 $4,813 $4,813 $4,813 $4,813 $4,813 $4,813 $4,813 $4,813 $4,813
$4,813 $4,813 $4,813 $4,813 $4,813 $4,813 $4,813 $4,813 $4,813 $4,813 $4,813 $4,813
$4,375 $4,375 $4,375 $4,375 $4,375 $4,375 $4,375 $4,375 $4,375 $4,375 $4,375 $4,375
$3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$64,313 $64,313 $64,313 $64,313 $64,313 $64,313 $64,313 $64,313 $64,313 $64,313 $64,313 $64,313
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$227 $227 $227 $227 $227 $227 $227 $227 $239 $239 $239 $239
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$201 $201 $201 $201 $201 $201 $201 $201 $211 $211 $211 $211
$23,676 $23,676 $23,676 $23,676 $23,676 $23,676 $23,676 $23,676 $24,860 $24,860 $24,860 $24,860
$87,989 $87,989 $87,989 $87,989 $87,989 $87,989 $87,989 $87,989 $89,172 $89,172 $89,172 $89,172
Year 3 Year 4
Month 25 Month 26 Month 27 Month 28 Month 29 Month 30 Month 31 Month 32 Month 33 Month 34 Month 35 Month 36 Month 37 Month 38 Month 39 Month 40 Month 41 Month 42
$13,781 $13,781 $13,781 $13,781 $13,781 $13,781 $13,781 $13,781 $13,781 $13,781 $13,781 $13,781 $14,470 $14,470 $14,470 $14,470 $14,470 $14,470
$3,675 $3,675 $3,675 $3,675 $3,675 $3,675 $3,675 $3,675 $3,675 $3,675 $3,675 $3,675 $3,859 $3,859 $3,859 $3,859 $3,859 $3,859
$13,781 $13,781 $13,781 $13,781 $13,781 $13,781 $13,781 $13,781 $13,781 $13,781 $13,781 $13,781 $14,470 $14,470 $14,470 $14,470 $14,470 $14,470
$6,431 $6,431 $6,431 $6,431 $6,431 $6,431 $6,431 $6,431 $6,431 $6,431 $6,431 $6,431 $6,753 $6,753 $6,753 $6,753 $6,753 $6,753
$5,972 $5,972 $5,972 $5,972 $5,972 $5,972 $5,972 $5,972 $5,972 $5,972 $5,972 $5,972 $6,270 $6,270 $6,270 $6,270 $6,270 $6,270
$5,513 $5,513 $5,513 $5,513 $5,513 $5,513 $5,513 $5,513 $5,513 $5,513 $5,513 $5,513 $5,788 $5,788 $5,788 $5,788 $5,788 $5,788
$5,053 $5,053 $5,053 $5,053 $5,053 $5,053 $5,053 $5,053 $5,053 $5,053 $5,053 $5,053 $5,306 $5,306 $5,306 $5,306 $5,306 $5,306
$5,053 $5,053 $5,053 $5,053 $5,053 $5,053 $5,053 $5,053 $5,053 $5,053 $5,053 $5,053 $5,306 $5,306 $5,306 $5,306 $5,306 $5,306
$4,594 $4,594 $4,594 $4,594 $4,594 $4,594 $4,594 $4,594 $4,594 $4,594 $4,594 $4,594 $4,823 $4,823 $4,823 $4,823 $4,823 $4,823
$3,675 $3,675 $3,675 $3,675 $3,675 $3,675 $3,675 $3,675 $3,675 $3,675 $3,675 $3,675 $3,859 $3,859 $3,859 $3,859 $3,859 $3,859
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$67,528 $67,528 $67,528 $67,528 $67,528 $67,528 $67,528 $67,528 $67,528 $67,528 $67,528 $67,528 $70,905 $70,905 $70,905 $70,905 $70,905 $70,905
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$239 $239 $239 $239 $239 $239 $239 $239 $251 $251 $251 $251 $251 $251 $251 $251 $251 $251
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$211 $211 $211 $211 $211 $211 $211 $211 $221 $221 $221 $221 $221 $221 $221 $221 $221 $221
$24,860 $24,860 $24,860 $24,860 $24,860 $24,860 $24,860 $24,860 $26,103 $26,103 $26,103 $26,103 $26,103 $26,103 $26,103 $26,103 $26,103 $26,103
$92,388 $92,388 $92,388 $92,388 $92,388 $92,388 $92,388 $92,388 $93,631 $93,631 $93,631 $93,631 $97,007 $97,007 $97,007 $97,007 $97,007 $97,007
Year 4 Year 5
Month 43 Month 44 Month 45 Month 46 Month 47 Month 48 Month 49 Month 50 Month 51 Month 52 Month 53 Month 54 Month 55 Month 56 Month 57 Month 58 Month 59
$14,470 $14,470 $14,470 $14,470 $14,470 $14,470 $15,194 $15,194 $15,194 $15,194 $15,194 $15,194 $15,194 $15,194 $15,194 $15,194 $15,194
$3,859 $3,859 $3,859 $3,859 $3,859 $3,859 $4,052 $4,052 $4,052 $4,052 $4,052 $4,052 $4,052 $4,052 $4,052 $4,052 $4,052
$14,470 $14,470 $14,470 $14,470 $14,470 $14,470 $15,194 $15,194 $15,194 $15,194 $15,194 $15,194 $15,194 $15,194 $15,194 $15,194 $15,194
$6,753 $6,753 $6,753 $6,753 $6,753 $6,753 $7,090 $7,090 $7,090 $7,090 $7,090 $7,090 $7,090 $7,090 $7,090 $7,090 $7,090
$6,270 $6,270 $6,270 $6,270 $6,270 $6,270 $6,584 $6,584 $6,584 $6,584 $6,584 $6,584 $6,584 $6,584 $6,584 $6,584 $6,584
$5,788 $5,788 $5,788 $5,788 $5,788 $5,788 $6,078 $6,078 $6,078 $6,078 $6,078 $6,078 $6,078 $6,078 $6,078 $6,078 $6,078
$5,306 $5,306 $5,306 $5,306 $5,306 $5,306 $5,571 $5,571 $5,571 $5,571 $5,571 $5,571 $5,571 $5,571 $5,571 $5,571 $5,571
$5,306 $5,306 $5,306 $5,306 $5,306 $5,306 $5,571 $5,571 $5,571 $5,571 $5,571 $5,571 $5,571 $5,571 $5,571 $5,571 $5,571
$4,823 $4,823 $4,823 $4,823 $4,823 $4,823 $5,065 $5,065 $5,065 $5,065 $5,065 $5,065 $5,065 $5,065 $5,065 $5,065 $5,065
$3,859 $3,859 $3,859 $3,859 $3,859 $3,859 $4,052 $4,052 $4,052 $4,052 $4,052 $4,052 $4,052 $4,052 $4,052 $4,052 $4,052
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$70,905 $70,905 $70,905 $70,905 $70,905 $70,905 $74,450 $74,450 $74,450 $74,450 $74,450 $74,450 $74,450 $74,450 $74,450 $74,450 $74,450
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$251 $251 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $263 $276 $276 $276
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$221 $221 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $232 $244 $244 $244
$26,103 $26,103 $27,408 $27,408 $27,408 $27,408 $27,408 $27,408 $27,408 $27,408 $27,408 $27,408 $27,408 $27,408 $28,778 $28,778 $28,778
$97,007 $97,007 $98,312 $98,312 $98,312 $98,312 $101,858 $101,858 $101,858 $101,858 $101,858 $101,858 $101,858 $101,858 $103,228 $103,228 $103,228
Year ↓ Hidden Col. Don't Delete ↓
Month 60 1 2 3 4 5 5 Years logan1
$15,194 $150,000 $157,500 $165,375 $173,644 $182,326 $828,845

$4,052 $40,000 $42,000 $44,100 $46,305 $48,620 $221,025
$15,194 $150,000 $157,500 $165,375 $173,644 $182,326 $828,845
$7,090 $70,000 $73,500 $77,175 $81,034 $85,085 $386,794
$6,584 $65,000 $68,250 $71,663 $75,246 $79,008 $359,166
$6,078 $60,000 $63,000 $66,150 $69,458 $72,930 $331,538
$5,571 $55,000 $57,750 $60,638 $63,669 $66,853 $303,910
$5,571 $55,000 $57,750 $60,638 $63,669 $66,853 $303,910
$5,065 $50,000 $52,500 $55,125 $57,881 $60,775 $276,282
$4,052 $40,000 $42,000 $44,100 $46,305 $48,620 $221,025
$0 $0 $0 $0 $0 $0 $0
$74,450 $735,000 $771,750 $810,338 $850,854 $893,397 $4,061,339
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863

$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$276 $909 $2,773 $2,912 $3,058 $3,211 $12,863
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$244 $803 $2,448 $2,571 $2,699 $2,834 $11,354
$28,778 $94,704 $288,847 $303,290 $318,454 $334,377 $1,339,672
$103,228 $829,704 $1,060,597 $1,113,627 $1,169,308 $1,227,774 $5,401,011

OPERATING EXPENSE Year 1
PAYROLL
Salaries $61,250 $61,250 $61,250 $61,250 $61,250 $61,250 $61,250 $61,250 $84,926
Bonuses 20% $12,250 $12,250 $12,250 $12,250 $12,250 $12,250 $12,250 $12,250 $16,985
Benefits Load: 30% $18,375 $18,375 $18,375 $18,375 $18,375 $18,375 $18,375 $18,375 $25,478
TOTAL PAYROLL $91,875 $91,875 $91,875 $91,875 $91,875 $91,875 $91,875 $91,875 $127,389
Annual Increase: 5.0%

Starting Month: 9
Total Vehicles $0 $0 $0 $0 $0 $0 $0 $0 $22,420
Total Maintenance $0 $0 $0 $0 $0 $0 $0 $0 $6,734
Total Insurance & Security $0 $0 $0 $0 $0 $0 $0 $0 $23,899
Total Amenities $0 $0 $0 $0 $0 $0 $0 $0 $10,000
Total Utilities $0 $0 $0 $0 $0 $0 $0 $0 $4,750
Total Dues & Donations $0 $0 $0 $0 $0 $0 $0 $0 $984
TOTAL OPERATIONS $0 $0 $0 $0 $0 $0 $0 $0 $68,787

Starting Month: 1
TOTAL RENT $5,160 $5,182 $5,203 $5,225 $5,247 $5,269 $5,291 $5,313 $5,335
Starting Month: 1
Total Corporate Expenses $780 $783 $787 $790 $793 $796 $800 $803 $806
Total Office Expenses $3,989 $4,006 $4,022 $4,039 $4,056 $4,073 $4,090 $4,107 $4,124
Total Professional Services $11,600 $11,648 $11,697 $11,746 $11,795 $11,844 $11,893 $11,943 $11,992
Total Marketing & Promotions $1,500 $1,506 $1,513 $1,519 $1,525 $1,532 $1,538 $1,544 $1,551
Total Misc. $10,000 $10,042 $10,084 $10,126 $10,168 $10,210 $10,253 $10,295 $10,338
TOTAL CORPORATE $27,869 $27,985 $28,102 $28,219 $28,336 $28,454 $28,573 $28,692 $28,812
Total Operating Expense $124,904 $125,042 $125,180 $125,319 $125,458 $125,598 $125,739 $125,880 $230,322
Year 2
Month 10 Month 11 Month 12 Month 13 Month 14 Month 15 Month 16 Month 17 Month 18 Month 19 Month 20 Month 21 Month 22
$84,926 $84,926 $84,926 $87,989 $87,989 $87,989 $87,989 $87,989 $87,989 $87,989 $87,989 $89,172 $89,172
$16,985 $16,985 $16,985 $17,598 $17,598 $17,598 $17,598 $17,598 $17,598 $17,598 $17,598 $17,834 $17,834
$25,478 $25,478 $25,478 $26,397 $26,397 $26,397 $26,397 $26,397 $26,397 $26,397 $26,397 $26,752 $26,752
$127,389 $127,389 $127,389 $131,983 $131,983 $131,983 $131,983 $131,983 $131,983 $131,983 $131,983 $133,758 $133,758
$22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513
$6,762 $6,790 $6,819 $6,847 $6,875 $6,904 $6,933 $6,962 $6,991 $7,020 $7,049 $7,079 $7,108
$23,999 $24,099 $24,199 $24,300 $24,401 $24,503 $24,605 $24,707 $24,810 $24,914 $25,017 $25,122 $25,226
$10,042 $10,084 $10,126 $10,168 $10,210 $10,253 $10,295 $10,338 $10,381 $10,425 $10,468 $10,512 $10,555
$4,770 $4,790 $4,810 $4,830 $4,850 $4,870 $4,890 $4,911 $4,931 $4,952 $4,972 $4,993 $5,014
$988 $992 $996 $1,001 $1,005 $1,009 $1,013 $1,017 $1,022 $1,026 $1,030 $1,034 $1,039
$69,074 $69,268 $69,462 $69,658 $69,854 $70,052 $70,250 $70,449 $70,648 $70,849 $71,050 $71,253 $71,456
$5,357 $5,379 $5,402 $5,424 $5,447 $5,469 $5,492 $5,515 $5,538 $5,561 $5,584 $5,608 $5,631
$810 $813 $817 $820 $823 $827 $830 $834 $837 $841 $844 $848 $851
$4,141 $4,158 $4,176 $4,193 $4,211 $4,228 $4,246 $4,263 $4,281 $4,299 $4,317 $4,335 $4,353
$12,042 $12,092 $12,143 $12,193 $12,244 $12,295 $12,347 $12,398 $12,450 $12,502 $12,554 $12,606 $12,658
$1,557 $1,564 $1,570 $1,577 $1,583 $1,590 $1,597 $1,603 $1,610 $1,617 $1,623 $1,630 $1,637
$10,381 $10,425 $10,468 $10,512 $10,555 $10,599 $10,644 $10,688 $10,732 $10,777 $10,822 $10,867 $10,912
$28,932 $29,052 $29,173 $29,295 $29,417 $29,539 $29,663 $29,786 $29,910 $30,035 $30,160 $30,286 $30,412
$230,751 $231,088 $231,426 $236,360 $236,701 $237,043 $237,387 $237,733 $238,080 $238,428 $238,778 $240,904 $241,257
Year 3
$89,172 $89,172 $92,388 $92,388 $92,388 $92,388 $92,388 $92,388 $92,388 $92,388 $93,631 $93,631 $93,631
$17,834 $17,834 $18,478 $18,478 $18,478 $18,478 $18,478 $18,478 $18,478 $18,478 $18,726 $18,726 $18,726
$26,752 $26,752 $27,716 $27,716 $27,716 $27,716 $27,716 $27,716 $27,716 $27,716 $28,089 $28,089 $28,089
$133,758 $133,758 $138,582 $138,582 $138,582 $138,582 $138,582 $138,582 $138,582 $138,582 $140,446 $140,446 $140,446
$22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513
$7,138 $7,167 $7,197 $7,227 $7,257 $7,288 $7,318 $7,348 $7,379 $7,410 $7,441 $7,472 $7,503
$25,332 $25,437 $25,543 $25,649 $25,756 $25,864 $25,971 $26,080 $26,188 $26,297 $26,407 $26,517 $26,628
$10,599 $10,644 $10,688 $10,732 $10,777 $10,822 $10,867 $10,912 $10,958 $11,004 $11,049 $11,095 $11,142
$5,035 $5,056 $5,077 $5,098 $5,119 $5,140 $5,162 $5,183 $5,205 $5,227 $5,248 $5,270 $5,292
$1,043 $1,047 $1,052 $1,056 $1,060 $1,065 $1,069 $1,074 $1,078 $1,083 $1,087 $1,092 $1,096
$71,660 $71,864 $72,070 $72,277 $72,484 $72,692 $72,901 $73,111 $73,322 $73,534 $73,746 $73,960 $74,174
$5,654 $5,678 $5,702 $5,725 $5,749 $5,773 $5,797 $5,821 $5,846 $5,870 $5,895 $5,919 $5,944
$855 $858 $862 $865 $869 $873 $876 $880 $884 $887 $891 $895 $898
$4,371 $4,389 $4,408 $4,426 $4,444 $4,463 $4,482 $4,500 $4,519 $4,538 $4,557 $4,576 $4,595
$12,711 $12,764 $12,817 $12,871 $12,924 $12,978 $13,032 $13,087 $13,141 $13,196 $13,251 $13,306 $13,362
$1,644 $1,651 $1,657 $1,664 $1,671 $1,678 $1,685 $1,692 $1,699 $1,706 $1,713 $1,721 $1,728
$10,958 $11,004 $11,049 $11,095 $11,142 $11,188 $11,235 $11,282 $11,329 $11,376 $11,423 $11,471 $11,519
$30,539 $30,666 $30,794 $30,922 $31,051 $31,180 $31,310 $31,441 $31,572 $31,703 $31,835 $31,968 $32,101
$241,611 $241,967 $247,147 $247,506 $247,866 $248,227 $248,590 $248,955 $249,321 $249,689 $251,922 $252,293 $252,665
Year 4
$93,631 $97,007 $97,007 $97,007 $97,007 $97,007 $97,007 $97,007 $97,007 $98,312 $98,312 $98,312 $98,312
$18,726 $19,401 $19,401 $19,401 $19,401 $19,401 $19,401 $19,401 $19,401 $19,662 $19,662 $19,662 $19,662
$28,089 $29,102 $29,102 $29,102 $29,102 $29,102 $29,102 $29,102 $29,102 $29,494 $29,494 $29,494 $29,494
$140,446 $145,511 $145,511 $145,511 $145,511 $145,511 $145,511 $145,511 $145,511 $147,469 $147,469 $147,469 $147,469
$22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513
$7,534 $7,565 $7,597 $7,629 $7,660 $7,692 $7,724 $7,757 $7,789 $7,821 $7,854 $7,887 $7,920
$26,738 $26,850 $26,962 $27,074 $27,187 $27,300 $27,414 $27,528 $27,643 $27,758 $27,874 $27,990 $28,106
$11,188 $11,235 $11,282 $11,329 $11,376 $11,423 $11,471 $11,519 $11,567 $11,615 $11,663 $11,712 $11,761
$5,314 $5,336 $5,359 $5,381 $5,403 $5,426 $5,449 $5,471 $5,494 $5,517 $5,540 $5,563 $5,586
$1,101 $1,105 $1,110 $1,115 $1,119 $1,124 $1,129 $1,133 $1,138 $1,143 $1,148 $1,152 $1,157
$74,389 $74,605 $74,823 $75,040 $75,259 $75,479 $75,700 $75,921 $76,144 $76,367 $76,592 $76,817 $77,043
$5,969 $5,993 $6,018 $6,043 $6,069 $6,094 $6,119 $6,145 $6,170 $6,196 $6,222 $6,248 $6,274
$902 $906 $910 $914 $917 $921 $925 $929 $933 $937 $940 $944 $948
$4,614 $4,633 $4,652 $4,672 $4,691 $4,711 $4,730 $4,750 $4,770 $4,790 $4,810 $4,830 $4,850
$13,417 $13,473 $13,529 $13,586 $13,642 $13,699 $13,756 $13,813 $13,871 $13,929 $13,987 $14,045 $14,104
$1,735 $1,742 $1,749 $1,757 $1,764 $1,771 $1,779 $1,786 $1,794 $1,801 $1,809 $1,816 $1,824
$11,567 $11,615 $11,663 $11,712 $11,761 $11,810 $11,859 $11,908 $11,958 $12,008 $12,058 $12,108 $12,158
$32,235 $32,369 $32,504 $32,639 $32,775 $32,912 $33,049 $33,187 $33,325 $33,464 $33,603 $33,743 $33,884
$253,039 $258,479 $258,856 $259,234 $259,614 $259,996 $260,379 $260,764 $261,150 $263,496 $263,886 $264,277 $264,670
Year 5
$101,858 $101,858 $101,858 $101,858 $101,858 $101,858 $101,858 $101,858 $103,228 $103,228 $103,228 $103,228
$20,372 $20,372 $20,372 $20,372 $20,372 $20,372 $20,372 $20,372 $20,646 $20,646 $20,646 $20,646
$30,557 $30,557 $30,557 $30,557 $30,557 $30,557 $30,557 $30,557 $30,968 $30,968 $30,968 $30,968
$152,787 $152,787 $152,787 $152,787 $152,787 $152,787 $152,787 $152,787 $154,842 $154,842 $154,842 $154,842
$22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513 $22,513
$7,953 $7,986 $8,019 $8,052 $8,086 $8,120 $8,153 $8,187 $8,222 $8,256 $8,290 $8,325
$28,224 $28,341 $28,459 $28,578 $28,697 $28,816 $28,937 $29,057 $29,178 $29,300 $29,422 $29,544
$11,810 $11,859 $11,908 $11,958 $12,008 $12,058 $12,108 $12,158 $12,209 $12,260 $12,311 $12,362
$5,610 $5,633 $5,656 $5,680 $5,704 $5,727 $5,751 $5,775 $5,799 $5,823 $5,848 $5,872
$1,162 $1,167 $1,172 $1,177 $1,182 $1,186 $1,191 $1,196 $1,201 $1,206 $1,211 $1,216
$77,271 $77,499 $77,728 $77,958 $78,189 $78,421 $78,654 $78,888 $79,123 $79,359 $79,595 $79,833
$6,300 $6,326 $6,353 $6,379 $6,406 $6,432 $6,459 $6,486 $6,513 $6,540 $6,567 $6,595
$952 $956 $960 $964 $968 $972 $976 $980 $985 $989 $993 $997
$4,870 $4,890 $4,911 $4,931 $4,952 $4,972 $4,993 $5,014 $5,035 $5,056 $5,077 $5,098
$14,162 $14,221 $14,281 $14,340 $14,400 $14,460 $14,520 $14,581 $14,641 $14,702 $14,764 $14,825
$1,831 $1,839 $1,847 $1,854 $1,862 $1,870 $1,878 $1,885 $1,893 $1,901 $1,909 $1,917
$12,209 $12,260 $12,311 $12,362 $12,414 $12,465 $12,517 $12,570 $12,622 $12,674 $12,727 $12,780
$34,025 $34,167 $34,309 $34,452 $34,596 $34,740 $34,885 $35,030 $35,176 $35,323 $35,470 $35,618
$270,382 $270,778 $271,176 $271,576 $271,977 $272,380 $272,784 $273,190 $275,654 $276,063 $276,475 $276,888
Year
1 2 3 4 5 5 Years
829,704 1,060,597 1,113,627 1,169,308 1,227,774 5,401,011

165,941 212,119 222,725 233,862 245,555 1,080,202
248,911 318,179 334,088 350,793 368,332 1,620,303
$1,244,556 $1,590,896 $1,670,441 $1,753,963 $1,841,661 $8,101,516
89,960 270,161 270,161 270,161 270,161 1,170,604

27,105 84,073 88,374 92,895 97,648 390,094
96,195 298,374 313,639 329,686 346,553 1,384,447
40,251 124,848 131,235 137,950 145,007 579,291
19,119 59,303 62,337 65,526 68,878 275,163
3,961 12,285 12,914 13,574 14,269 57,002
$276,591 $849,043 $878,660 $909,792 $942,516 $3,856,602
$63,361 $66,603 $70,010 $73,592 $77,357 $350,923
9,578 10,068 10,583 11,124 11,693 53,045

48,980 51,486 54,120 56,889 59,800 271,276
142,435 149,722 157,382 165,434 173,898 788,871
18,418 19,361 20,351 21,392 22,487 102,009
122,789 129,071 135,674 142,615 149,912 680,061
$342,199 $359,707 $378,110 $397,455 $417,790 $1,895,262
$1,926,707 $2,866,248 $2,997,221 $3,134,801 $3,279,324 $14,204,301

CAPITAL EXPENDITURES Year 1
Months to Build:
CONSTRUCTION 18
Total Building Costs $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661
Contractor Overhead 20% $38,132 $38,132 $38,132 $38,132 $38,132 $38,132 $38,132 $38,132
Plan Chec/Permit Fees $2,903 $2,903 $2,903 $2,903 $2,903 $2,903 $2,903 $2,903
TOTAL CONSTRUCTION $231,696 $231,696 $231,696 $231,696 $231,696 $231,696 $231,696 $231,696
TOTAL ARCHITECTURE & ENGINEERING $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637
Total Design & Construction $282,333 $282,333 $282,333 $282,333 $282,333 $282,333 $282,333 $282,333
TOTAL FIXTURES $546,100 $0 $0 $0 $0 $0 $0 $0
Total Capital Expenditures $558,100 $0 $0 $0 $0 $0 $0 $0

Year 2
$190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $0 $0 $0
$38,132 $38,132 $38,132 $38,132 $38,132 $38,132 $38,132 $38,132 $38,132 $38,132 $0 $0 $0
$2,903 $2,903 $2,903 $2,903 $2,903 $2,903 $2,903 $2,903 $2,903 $2,903 $0 $0 $0
$231,696 $231,696 $231,696 $231,696 $231,696 $231,696 $231,696 $231,696 $231,696 $231,696 $0 $0 $0
$50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $0 $0 $0
$282,333 $282,333 $282,333 $282,333 $282,333 $282,333 $282,333 $282,333 $282,333 $282,333 $0 $0 $0
$0 $0 $0 $0 $546,100 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $558,100 $0 $0 $0 $0 $0 $0 $0 $0
Year 3
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $546,100 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $558,100 $0 $0 $0 $0 $0 $0 $0 $0 $0
Year 4
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $546,100 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $558,100 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Year 5
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $546,100 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $558,100 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Year
1 2 3 4 5 5 Years
2,287,933 1,143,967 0 0 0 3,431,900

457,587 228,793 0 0 0 686,380
34,833 17,417 0 0 0 52,250
$2,780,353 $1,390,177 $0 $0 $0 $4,170,530
$607,646 $303,823 $0 $0 $0 $911,470
$3,388,000 $1,694,000 $0 $0 $0 $5,082,000
$546,100 $546,100 $546,100 $546,100 $546,100 $2,730,500
$558,100 $558,100 $558,100 $558,100 $558,100 $2,790,500

INCOME STATEMENT Year 1
Revenue
Membership Rev. $20,417 $5,517 $6,851 $8,506 $10,562 $13,114 $16,284 $20,219 $25,105 $31,172 $38,706 $48,060
X-action Revenue $756,195 $773,110 $794,113 $820,192 $852,574 $892,781 $942,705 $1,004,693 $1,081,663 $1,177,233 $1,295,899 $1,443,243
Other Revenue $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Revenue $776,611 $778,627 $800,964 $828,699 $863,136 $905,895 $958,988 $1,024,912 $1,106,768 $1,208,405 $1,334,605 $1,491,302
Cost of Goods Sold ("Fees") $4,666 $5,794 $7,194 $8,933 $11,092 $13,772 $17,100 $21,233 $26,364 $32,736 $40,647 $50,470
Gross Margin $771,945 $772,833 $793,770 $819,766 $852,044 $892,123 $941,888 $1,003,679 $1,080,404 $1,175,670 $1,293,958 $1,440,833
Operating Expense
Payroll $91,875 $91,875 $91,875 $91,875 $91,875 $91,875 $91,875 $91,875 $127,389 $127,389 $127,389 $127,389
Operations $0 $0 $0 $0 $0 $0 $0 $0 $68,787 $69,074 $69,268 $69,462
Corporate $27,869 $27,985 $28,102 $28,219 $28,336 $28,454 $28,573 $28,692 $28,812 $28,932 $29,052 $29,173
Total Operating Expense $124,904 $125,042 $125,180 $125,319 $125,458 $125,598 $125,739 $125,880 $230,322 $230,751 $231,088 $231,426
Non-Depreciable CapEx
Architechture & Eng. $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637
Fixtures $546,100 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total NonDep. CapEx $596,737 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $50,637
Total Expenses $726,308 $181,473 $183,011 $184,889 $187,187 $190,007 $193,476 $197,750 $307,324 $314,124 $322,372 $332,533
EBITDA $50,304 $597,154 $617,953 $643,810 $675,949 $715,888 $765,512 $827,163 $799,444 $894,281 $1,012,233 $1,158,769
Depreciation Expense
Construction $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661
Total Depreciation $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661
EBIT ($140,357) $406,493 $427,292 $453,149 $485,288 $525,227 $574,851 $636,502 $608,783 $703,620 $821,572 $968,108
Interest Expense
Line of Credit $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-Term Debt $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Interest Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Pretax Earnings ($140,357) $406,493 $427,292 $453,149 $485,288 $525,227 $574,851 $636,502 $608,783 $703,620 $821,572 $968,108
Taxes @ 40% ($56,143) $162,597 $170,917 $181,260 $194,115 $210,091 $229,941 $254,601 $243,513 $281,448 $328,629 $387,243
Net Income ($84,214) $243,896 $256,375 $271,889 $291,173 $315,136 $344,911 $381,901 $365,270 $422,172 $492,943 $580,865
Shareholder Dividends $0
Year 2
Month 13 Month 14 Month 15 Month 16 Month 17 Month 18 Month 19 Month 20 Month 21 Month 22 Month 23 Month 24 Month 25 Month 26 Month 27
$19,190 $20,310 $21,495 $22,748 $24,075 $25,480 $26,966 $28,539 $30,204 $31,966 $33,830 $35,804 $22,268 $22,769 $23,282
$2,168,013 $2,194,410 $2,222,346 $2,251,912 $2,283,203 $2,316,319 $2,351,367 $2,388,459 $2,427,715 $2,469,261 $2,513,230 $2,559,764 $3,140,109 $3,156,723 $3,173,711
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$2,187,204 $2,214,720 $2,243,841 $2,274,661 $2,307,278 $2,341,799 $2,378,333 $2,416,998 $2,457,919 $2,501,227 $2,547,061 $2,595,568 $3,162,377 $3,179,492 $3,196,993
$30,168 $31,927 $33,790 $35,761 $37,847 $40,055 $42,391 $44,864 $47,481 $50,251 $53,182 $56,284 $49,227 $50,335 $51,467
$2,157,036 $2,182,792 $2,210,051 $2,238,900 $2,269,432 $2,301,744 $2,335,942 $2,372,134 $2,410,438 $2,450,976 $2,493,879 $2,539,284 $3,113,150 $3,129,157 $3,145,525
$131,983 $131,983 $131,983 $131,983 $131,983 $131,983 $131,983 $131,983 $133,758 $133,758 $133,758 $133,758 $138,582 $138,582 $138,582
$69,658 $69,854 $70,052 $70,250 $70,449 $70,648 $70,849 $71,050 $71,253 $71,456 $71,660 $71,864 $72,070 $72,277 $72,484
$29,295 $29,417 $29,539 $29,663 $29,786 $29,910 $30,035 $30,160 $30,286 $30,412 $30,539 $30,666 $30,794 $30,922 $31,051
$236,360 $236,701 $237,043 $237,387 $237,733 $238,080 $238,428 $238,778 $240,904 $241,257 $241,611 $241,967 $247,147 $247,506 $247,866
$50,637 $50,637 $50,637 $50,637 $50,637 $50,637 $0 $0 $0 $0 $0 $0 $0 $0 $0

$546,100 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $546,100 $0 $0
$596,737 $50,637 $50,637 $50,637 $50,637 $50,637 $0 $0 $0 $0 $0 $0 $546,100 $0 $0
$863,265 $319,265 $321,470 $323,785 $326,217 $328,771 $280,819 $283,641 $288,385 $291,508 $294,793 $298,251 $842,474 $297,841 $299,333
$1,323,939 $1,895,454 $1,922,370 $1,950,875 $1,981,062 $2,013,027 $2,097,514 $2,133,357 $2,169,533 $2,209,719 $2,252,268 $2,297,317 $2,319,903 $2,881,652 $2,897,659
$190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $0 $0 $0 $0 $0 $0 $0 $0 $0

$190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $0 $0 $0 $0 $0 $0 $0 $0 $0
$1,133,278 $1,704,793 $1,731,709 $1,760,214 $1,790,400 $1,822,366 $2,097,514 $2,133,357 $2,169,533 $2,209,719 $2,252,268 $2,297,317 $2,319,903 $2,881,652 $2,897,659
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$1,133,278 $1,704,793 $1,731,709 $1,760,214 $1,790,400 $1,822,366 $2,097,514 $2,133,357 $2,169,533 $2,209,719 $2,252,268 $2,297,317 $2,319,903 $2,881,652 $2,897,659
$453,311 $681,917 $692,684 $704,086 $716,160 $728,947 $839,006 $853,343 $867,813 $883,888 $900,907 $918,927 $927,961 $1,152,661 $1,159,064
$679,967 $1,022,876 $1,039,026 $1,056,129 $1,074,240 $1,093,420 $1,258,508 $1,280,014 $1,301,720 $1,325,831 $1,351,361 $1,378,390 $1,391,942 $1,728,991 $1,738,596
Year 3 Year 4
$23,806 $24,341 $24,889 $25,449 $26,021 $26,607 $27,206 $27,818 $28,444 $19,830 $19,954 $20,078 $20,204 $20,330 $20,457
$3,191,081 $3,208,842 $3,227,003 $3,245,572 $3,264,559 $3,283,974 $3,303,825 $3,324,123 $3,344,877 $3,960,520 $3,965,974 $3,971,462 $3,976,984 $3,982,541 $3,988,132
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$3,214,887 $3,233,183 $3,251,892 $3,271,021 $3,290,581 $3,310,581 $3,331,031 $3,351,940 $3,373,321 $3,980,350 $3,985,927 $3,991,540 $3,997,188 $4,002,871 $4,008,589
$52,625 $53,809 $55,020 $56,258 $57,524 $58,818 $60,142 $61,495 $62,878 $58,175 $58,538 $58,904 $59,272 $59,643 $60,015
$3,162,261 $3,179,374 $3,196,872 $3,214,763 $3,233,057 $3,251,762 $3,270,889 $3,290,446 $3,310,442 $3,922,175 $3,927,389 $3,932,636 $3,937,916 $3,943,228 $3,948,574
$138,582 $138,582 $138,582 $138,582 $138,582 $140,446 $140,446 $140,446 $140,446 $145,511 $145,511 $145,511 $145,511 $145,511 $145,511
$72,692 $72,901 $73,111 $73,322 $73,534 $73,746 $73,960 $74,174 $74,389 $74,605 $74,823 $75,040 $75,259 $75,479 $75,700
$31,180 $31,310 $31,441 $31,572 $31,703 $31,835 $31,968 $32,101 $32,235 $32,369 $32,504 $32,639 $32,775 $32,912 $33,049
$248,227 $248,590 $248,955 $249,321 $249,689 $251,922 $252,293 $252,665 $253,039 $258,479 $258,856 $259,234 $259,614 $259,996 $260,379
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $546,100 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $546,100 $0 $0 $0 $0 $0
$300,853 $302,400 $303,975 $305,579 $307,213 $310,741 $312,435 $314,160 $315,917 $862,754 $317,394 $318,138 $318,887 $319,639 $320,395
$2,914,034 $2,930,784 $2,947,917 $2,965,442 $2,983,368 $2,999,840 $3,018,596 $3,037,780 $3,057,403 $3,117,596 $3,668,533 $3,673,402 $3,678,301 $3,683,232 $3,688,195
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$2,914,034 $2,930,784 $2,947,917 $2,965,442 $2,983,368 $2,999,840 $3,018,596 $3,037,780 $3,057,403 $3,117,596 $3,668,533 $3,673,402 $3,678,301 $3,683,232 $3,688,195
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$2,914,034 $2,930,784 $2,947,917 $2,965,442 $2,983,368 $2,999,840 $3,018,596 $3,037,780 $3,057,403 $3,117,596 $3,668,533 $3,673,402 $3,678,301 $3,683,232 $3,688,195
$1,165,614 $1,172,313 $1,179,167 $1,186,177 $1,193,347 $1,199,936 $1,207,438 $1,215,112 $1,222,961 $1,247,038 $1,467,413 $1,469,361 $1,471,321 $1,473,293 $1,475,278
$1,748,420 $1,758,470 $1,768,750 $1,779,265 $1,790,021 $1,799,904 $1,811,158 $1,822,668 $1,834,442 $1,870,558 $2,201,120 $2,204,041 $2,206,981 $2,209,939 $2,212,917
Year 4 Year 5
$20,585 $20,714 $20,843 $20,973 $21,105 $21,236 $17,534 $17,534 $17,534 $17,534 $17,534 $17,534 $17,534 $17,534 $17,534
$3,993,759 $3,999,420 $4,005,117 $4,010,850 $4,016,618 $4,022,423 $4,334,000 $4,334,000 $4,334,000 $4,334,000 $4,334,000 $4,334,000 $4,334,000 $4,334,000 $4,334,000
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$4,014,344 $4,020,134 $4,025,960 $4,031,823 $4,037,723 $4,043,659 $4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534
$60,391 $60,768 $61,148 $61,530 $61,915 $62,302 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200
$3,953,953 $3,959,366 $3,964,813 $3,970,293 $3,975,808 $3,981,358 $4,291,334 $4,291,334 $4,291,334 $4,291,334 $4,291,334 $4,291,334 $4,291,334 $4,291,334 $4,291,334
$145,511 $145,511 $147,469 $147,469 $147,469 $147,469 $152,787 $152,787 $152,787 $152,787 $152,787 $152,787 $152,787 $152,787 $154,842
$75,921 $76,144 $76,367 $76,592 $76,817 $77,043 $77,271 $77,499 $77,728 $77,958 $78,189 $78,421 $78,654 $78,888 $79,123
$33,187 $33,325 $33,464 $33,603 $33,743 $33,884 $34,025 $34,167 $34,309 $34,452 $34,596 $34,740 $34,885 $35,030 $35,176
$260,764 $261,150 $263,496 $263,886 $264,277 $264,670 $270,382 $270,778 $271,176 $271,576 $271,977 $272,380 $272,784 $273,190 $275,654
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $546,100 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $546,100 $0 $0 $0 $0 $0 $0 $0 $0
$321,155 $321,918 $324,644 $325,416 $326,192 $326,971 $876,682 $330,978 $331,376 $331,776 $332,177 $332,580 $332,984 $333,390 $335,854
$3,693,189 $3,698,216 $3,701,317 $3,706,408 $3,711,531 $3,716,688 $3,474,851 $4,020,555 $4,020,157 $4,019,758 $4,019,357 $4,018,954 $4,018,549 $4,018,143 $4,015,680
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$3,693,189 $3,698,216 $3,701,317 $3,706,408 $3,711,531 $3,716,688 $3,474,851 $4,020,555 $4,020,157 $4,019,758 $4,019,357 $4,018,954 $4,018,549 $4,018,143 $4,015,680
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$3,693,189 $3,698,216 $3,701,317 $3,706,408 $3,711,531 $3,716,688 $3,474,851 $4,020,555 $4,020,157 $4,019,758 $4,019,357 $4,018,954 $4,018,549 $4,018,143 $4,015,680
$1,477,276 $1,479,286 $1,480,527 $1,482,563 $1,484,613 $1,486,675 $1,389,941 $1,608,222 $1,608,063 $1,607,903 $1,607,743 $1,607,582 $1,607,420 $1,607,257 $1,606,272
$2,215,914 $2,218,929 $2,220,790 $2,223,845 $2,226,919 $2,230,013 $2,084,911 $2,412,333 $2,412,094 $2,411,855 $2,411,614 $2,411,372 $2,411,130 $2,410,886 $2,409,408
Year
Month 58 Month 59 Month 60 1 2 3 4 5 5 Years
$17,534 $17,534 $17,534 $244,514 $320,608 $302,899 $246,309 $210,404 $1,324,733

$4,334,000 $4,334,000 $4,334,000 $11,834,400 $28,146,000 $38,864,400 $47,893,800 $52,008,000 $178,746,600
$0 $0 $0 $0 $0 $0 $0 $0 $0
$4,351,534 $4,351,534 $4,351,534 $12,078,914 $28,466,608 $39,167,299 $48,140,109 $52,218,404 $180,071,333
$60,200 $60,200 $60,200 $240,000 $504,000 $669,600 $722,600 $722,400 $2,858,600
$4,291,334 $4,291,334 $4,291,334 $11,838,914 $27,962,608 $38,497,699 $47,417,509 $51,496,004 $177,212,733
$154,842 $154,842 $154,842 $1,244,556 $1,590,896 $1,670,441 $1,753,963 $1,841,661 $8,101,516

$79,359 $79,595 $79,833 $276,591 $849,043 $878,660 $909,792 $942,516 $3,856,602
$35,323 $35,470 $35,618 $342,199 $359,707 $378,110 $397,455 $417,790 $1,895,262
$276,063 $276,475 $276,888 $1,926,707 $2,866,248 $2,997,221 $3,134,801 $3,279,324 $14,204,301
$0 $0 $0 $607,646 $303,823 $0 $0 $0 $911,470

$0 $0 $0 $546,100 $546,100 $546,100 $546,100 $546,100 $2,730,500
$0 $0 $0 $1,153,746 $849,923 $546,100 $546,100 $546,100 $3,641,970
$336,263 $336,675 $337,088 $3,320,453 $4,220,172 $4,212,921 $4,403,501 $4,547,824 $20,704,871
$4,015,270 $4,014,859 $4,014,446 $8,758,461 $24,246,436 $34,954,378 $43,736,608 $47,670,580 $159,366,462
$0 $0 $0 $2,287,933 $1,143,967 $0 $0 $0 $3,431,900

$0 $0 $0 $2,287,933 $1,143,967 $0 $0 $0 $3,431,900
$4,015,270 $4,014,859 $4,014,446 $6,470,527 $23,102,470 $34,954,378 $43,736,608 $47,670,580 $155,934,562
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$4,015,270 $4,014,859 $4,014,446 $6,470,527 $23,102,470 $34,954,378 $43,736,608 $47,670,580 $155,934,562

$1,606,108 $1,605,944 $1,605,778 $2,588,211 $9,240,988 $13,981,751 $17,494,643 $19,068,232 $62,373,825
$2,409,162 $2,408,915 $2,408,668 $3,882,316 $13,861,482 $20,972,627 $26,241,965 $28,602,348 $93,560,737
$0 $0 $0 $0 $0 $0
BALANCE SHEET Year 1
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10
ASSETS
Current Assets
Cash & Equivalents ($3,643,498) ($3,209,830) ($2,783,730) ($2,347,176) ($1,897,620) ($1,431,902) ($946,095) ($435,324) $43,883 $561,450
Inventory $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100
Accounts Receivable $776,611 $778,627 $800,964 $828,699 $863,136 $905,895 $958,988 $1,024,912 $1,106,768 $1,208,405
Total Current Assets ($2,320,787) ($1,885,102) ($1,436,666) ($972,377) ($488,384) $20,093 $558,994 $1,135,688 $1,696,750 $2,315,955
Fixed Assets (Mo.)
PP&E 18 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900
Other Lease Improvements
Less: Accumulated Dep'n ($190,661) ($381,322) ($571,983) ($762,644) ($953,306) ($1,143,967) ($1,334,628) ($1,525,289) ($1,715,950) ($1,906,611)
Net Fixed Assets $3,241,239 $3,050,578 $2,859,917 $2,669,256 $2,478,594 $2,287,933 $2,097,272 $1,906,611 $1,715,950 $1,525,289
TOTAL ASSETS $920,452 $1,165,476 $1,423,251 $1,696,879 $1,990,210 $2,308,027 $2,656,266 $3,042,299 $3,412,700 $3,841,244
LIABILITIES
Current Liabilities
Accounts Payable $4,666 $5,794 $7,194 $8,933 $11,092 $13,772 $17,100 $21,233 $26,364 $32,736
Short-Term Debt & LOC $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Liabilities $4,666 $5,794 $7,194 $8,933 $11,092 $13,772 $17,100 $21,233 $26,364 $32,736
Long-Term Debt
TOTAL LIABILITIES $4,666 $5,794 $7,194 $8,933 $11,092 $13,772 $17,100 $21,233 $26,364 $32,736
Owners Equity
Common Stock Fyi: $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
Additional Paid-in-Capital
Preferred Stock
Retained Earnings ($84,214) $159,682 $416,056 $687,946 $979,119 $1,294,255 $1,639,166 $2,021,066 $2,386,336 $2,808,508
TOTAL EQUITY $915,786 $1,159,682 $1,416,056 $1,687,946 $1,979,119 $2,294,255 $2,639,166 $3,021,066 $3,386,336 $3,808,508
TOTAL LIABILITIES & EQUITY $920,452 $1,165,476 $1,423,251 $1,696,879 $1,990,210 $2,308,027 $2,656,266 $3,042,299 $3,412,700 $3,841,244
check 0 0 0 0 0 0 0 0 0 0
Year 2
$1,126,766 $1,751,417 $1,905,841 $3,093,622 $4,296,050 $5,513,991 $6,748,361 $8,000,129 $9,224,440 $10,468,261 $11,731,678 $13,016,971 $14,325,429
$546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100
$1,334,605 $1,491,302 $2,187,204 $2,214,720 $2,243,841 $2,274,661 $2,307,278 $2,341,799 $2,378,333 $2,416,998 $2,457,919 $2,501,227 $2,547,061
$3,007,470 $3,788,819 $4,639,145 $5,854,442 $7,085,991 $8,334,752 $9,601,739 $10,888,028 $12,148,873 $13,431,360 $14,735,697 $16,064,298 $17,418,590
$3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900
($2,097,272) ($2,287,933) ($2,478,594) ($2,669,256) ($2,859,917) ($3,050,578) ($3,241,239) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900)
$1,334,628 $1,143,967 $953,306 $762,644 $571,983 $381,322 $190,661 $0 $0 $0 $0 $0 $0
$4,342,098 $4,932,786 $5,592,451 $6,617,086 $7,657,974 $8,716,074 $9,792,400 $10,888,028 $12,148,873 $13,431,360 $14,735,697 $16,064,298 $17,418,590
$40,647 $50,470 $30,168 $31,927 $33,790 $35,761 $37,847 $40,055 $42,391 $44,864 $47,481 $50,251 $53,182
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$40,647 $50,470 $30,168 $31,927 $33,790 $35,761 $37,847 $40,055 $42,391 $44,864 $47,481 $50,251 $53,182
$40,647 $50,470 $30,168 $31,927 $33,790 $35,761 $37,847 $40,055 $42,391 $44,864 $47,481 $50,251 $53,182
$1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
$3,301,451 $3,882,316 $4,562,283 $5,585,159 $6,624,185 $7,680,313 $8,754,553 $9,847,973 $11,106,482 $12,386,496 $13,688,216 $15,014,047 $16,365,408
$4,301,451 $4,882,316 $5,562,283 $6,585,159 $7,624,185 $8,680,313 $9,754,553 $10,847,973 $12,106,482 $13,386,496 $14,688,216 $16,014,047 $17,365,408
$4,342,098 $4,932,786 $5,592,451 $6,617,086 $7,657,974 $8,716,074 $9,792,400 $10,888,028 $12,148,873 $13,431,360 $14,735,697 $16,064,298 $17,418,590
0 0 0 0 0 0 0 0 0 0 0 0 0
Year 3
$15,658,414 $16,476,490 $18,189,473 $19,911,701 $21,643,385 $23,384,743 $25,135,995 $26,897,369 $28,669,096 $30,450,295 $32,242,326 $34,045,437
$546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100
$2,595,568 $3,162,377 $3,179,492 $3,196,993 $3,214,887 $3,233,183 $3,251,892 $3,271,021 $3,290,581 $3,310,581 $3,331,031 $3,351,940
$18,800,082 $20,184,967 $21,915,066 $23,654,794 $25,404,372 $27,164,026 $28,933,987 $30,714,490 $32,505,777 $34,306,975 $36,119,456 $37,943,478
$3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900
($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900)
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$18,800,082 $20,184,967 $21,915,066 $23,654,794 $25,404,372 $27,164,026 $28,933,987 $30,714,490 $32,505,777 $34,306,975 $36,119,456 $37,943,478
$56,284 $49,227 $50,335 $51,467 $52,625 $53,809 $55,020 $56,258 $57,524 $58,818 $60,142 $61,495
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$56,284 $49,227 $50,335 $51,467 $52,625 $53,809 $55,020 $56,258 $57,524 $58,818 $60,142 $61,495
$56,284 $49,227 $50,335 $51,467 $52,625 $53,809 $55,020 $56,258 $57,524 $58,818 $60,142 $61,495
$1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
$17,743,798 $19,135,740 $20,864,731 $22,603,326 $24,351,747 $26,110,217 $27,878,967 $29,658,232 $31,448,253 $33,248,157 $35,059,315 $36,881,983
$18,743,798 $20,135,740 $21,864,731 $23,603,326 $25,351,747 $27,110,217 $28,878,967 $30,658,232 $32,448,253 $34,248,157 $36,059,315 $37,881,983
$18,800,082 $20,184,967 $21,915,066 $23,654,794 $25,404,372 $27,164,026 $28,933,987 $30,714,490 $32,505,777 $34,306,975 $36,119,456 $37,943,478
0 0 0 0 0 0 0 0 0 0 0 0
Year 4
$35,859,883 $37,118,708 $39,314,613 $41,513,408 $43,715,109 $45,919,736 $48,127,307 $50,337,841 $52,551,358 $54,766,701 $56,985,065 $59,206,468
$546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100
$3,373,321 $3,980,350 $3,985,927 $3,991,540 $3,997,188 $4,002,871 $4,008,589 $4,014,344 $4,020,134 $4,025,960 $4,031,823 $4,037,723
$39,779,303 $41,645,157 $43,846,641 $46,051,048 $48,258,397 $50,468,706 $52,681,996 $54,898,285 $57,117,592 $59,338,761 $61,562,988 $63,790,291
$3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900
($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900)
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$39,779,303 $41,645,157 $43,846,641 $46,051,048 $48,258,397 $50,468,706 $52,681,996 $54,898,285 $57,117,592 $59,338,761 $61,562,988 $63,790,291
$62,878 $58,175 $58,538 $58,904 $59,272 $59,643 $60,015 $60,391 $60,768 $61,148 $61,530 $61,915
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$62,878 $58,175 $58,538 $58,904 $59,272 $59,643 $60,015 $60,391 $60,768 $61,148 $61,530 $61,915
$62,878 $58,175 $58,538 $58,904 $59,272 $59,643 $60,015 $60,391 $60,768 $61,148 $61,530 $61,915
$1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
$38,716,425 $40,586,983 $42,788,103 $44,992,144 $47,199,124 $49,409,064 $51,621,981 $53,837,894 $56,056,824 $58,277,613 $60,501,458 $62,728,377
$39,716,425 $41,586,983 $43,788,103 $45,992,144 $48,199,124 $50,409,064 $52,621,981 $54,837,894 $57,056,824 $59,277,613 $61,501,458 $63,728,377
$39,779,303 $41,645,157 $43,846,641 $46,051,048 $48,258,397 $50,468,706 $52,681,996 $54,898,285 $57,117,592 $59,338,761 $61,562,988 $63,790,291
0 0 0 0 0 0 0 0 0 0 0 0
Year 5
$61,430,932 $63,205,867 $65,618,200 $68,030,294 $70,442,149 $72,853,763 $75,265,135 $77,676,265 $80,087,151 $82,496,559 $84,905,721 $87,314,636
$546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100
$4,043,659 $4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534 $4,351,534
$66,020,691 $68,103,500 $70,515,833 $72,927,928 $75,339,783 $77,751,397 $80,162,769 $82,573,899 $84,984,785 $87,394,192 $89,803,355 $92,212,270
$3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900
($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900)
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$66,020,691 $68,103,500 $70,515,833 $72,927,928 $75,339,783 $77,751,397 $80,162,769 $82,573,899 $84,984,785 $87,394,192 $89,803,355 $92,212,270
$62,302 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$62,302 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200
$62,302 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200
$1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
$64,958,390 $67,043,300 $69,455,633 $71,867,728 $74,279,583 $76,691,197 $79,102,569 $81,513,699 $83,924,585 $86,333,992 $88,743,155 $91,152,070
$65,958,390 $68,043,300 $70,455,633 $72,867,728 $75,279,583 $77,691,197 $80,102,569 $82,513,699 $84,924,585 $87,333,992 $89,743,155 $92,152,070
$66,020,691 $68,103,500 $70,515,833 $72,927,928 $75,339,783 $77,751,397 $80,162,769 $82,573,899 $84,984,785 $87,394,192 $89,803,355 $92,212,270
0 0 0 0 0 0 0 0 0 0 0 0
Year
Month 60 1 2 3 4 5 5 Years
$89,723,304 $1,751,417 $15,658,414 $35,859,883 $61,430,932 $89,723,304 $89,723,304

$546,100 $546,100 $546,100 $546,100 $546,100 $546,100 $546,100
$4,351,534 $1,491,302 $2,595,568 $3,373,321 $4,043,659 $4,351,534 $4,351,534
$94,620,937 $3,788,819 $18,800,082 $39,779,303 $66,020,691 $94,620,937 $94,620,937
$3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900 $3,431,900

$0 $0 $0 $0 $0 $0
($3,431,900) ($2,287,933) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900) ($3,431,900)
$0 $1,143,967 $0 $0 $0 $0 $0
$94,620,937 $4,932,786 $18,800,082 $39,779,303 $66,020,691 $94,620,937 $94,620,937
$60,200 $50,470 $56,284 $62,878 $62,302 $60,200 $60,200

$0 $0 $0 $0 $0 $0 $0
$60,200 $50,470 $56,284 $62,878 $62,302 $60,200 $60,200
$60,200
$1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000

$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$93,560,737 $3,882,316 $17,743,798 $38,716,425 $64,958,390 $93,560,737 $93,560,737
$94,560,737 $4,882,3160 $18,743,7980 $39,716,4250 $65,958,3900 $94,560,737
0 $94,560,7370
$94,620,937 $4,932,786 $18,800,082 $39,779,303 $66,020,691 $94,620,937 $94,620,937
0 0 0 0 0 0 0 0 0
CASH FLOW STATEMENT Year 1
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10
Cash Flows from Operations

Net Income ($84,214) $243,896 $256,375 $271,889 $291,173 $315,136 $344,911 $381,901 $365,270 $422,172
Depreciation $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661
Change in Inventory ($546,100) $0 $0 $0 $0 $0 $0 $0 $0 $0
Change in Accounts Receivable ($776,611) ($2,016) ($22,337) ($27,735) ($34,437) ($42,760) ($53,093) ($65,924) ($81,855) ($101,637)
Change in Accounts Payable $4,666 $1,128 $1,400 $1,739 $2,159 $2,680 $3,328 $4,133 $5,131 $6,371
Change in Other Current $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cash from Operations ($1,211,598) $433,669 $426,100 $436,554 $449,555 $465,718 $485,807 $510,771 $479,207 $517,567
Cash Flows from Investing

Equipment ($3,431,900) $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Lease Improvements $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Investing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cash from Investing ($3,431,900) $0 $0 $0 $0 $0 $0 $0 $0 $0
Cash Flows from Financing

Short-term Debt $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-term Debt $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Common Stock $1,000,000 $0 $0 $0 $0 $0 $0 $0 $0 $0
Paid-in-Capital $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Preferred Stock $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Shareholder Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cash from Financing $1,000,000 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Change in Cash ($3,643,498) $433,669 $426,100 $436,554 $449,555 $465,718 $485,807 $510,771 $479,207 $517,567
DCF Valuation
Operating Cash Flow ($1,211,598) $433,669 $426,100 $436,554 $449,555 $465,718 $485,807 $510,771 $479,207 $517,567
- Capital Expenditures ($3,431,900) $0 $0 $0 $0 $0 $0 $0 $0 $0
Free Cash Flow ($4,643,498) $433,669 $426,100 $436,554 $449,555 $465,718 $485,807 $510,771 $479,207 $517,567
Cost of Capital 25%
Residual Growth 1.5%
Valuation $71,623,236
Year 2
$492,943 $580,865 $679,967 $1,022,876 $1,039,026 $1,056,129 $1,074,240 $1,093,420 $1,258,508 $1,280,014 $1,301,720 $1,325,831 $1,351,361
$190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $190,661 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
($126,200) ($156,698) ($695,901) ($27,516) ($29,121) ($30,820) ($32,618) ($34,520) ($36,534) ($38,665) ($40,921) ($43,308) ($45,834)
$7,911 $9,823 ($20,302) $1,760 $1,862 $1,971 $2,086 $2,208 $2,337 $2,473 $2,617 $2,770 $2,931
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$565,316 $624,651 $154,425 $1,187,781 $1,202,428 $1,217,941 $1,234,370 $1,251,768 $1,224,311 $1,243,822 $1,263,416 $1,285,293 $1,308,458
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$565,316 $624,651 $154,425 $1,187,781 $1,202,428 $1,217,941 $1,234,370 $1,251,768 $1,224,311 $1,243,822 $1,263,416 $1,285,293 $1,308,458
$565,316 $624,651 $154,425 $1,187,781 $1,202,428 $1,217,941 $1,234,370 $1,251,768 $1,224,311 $1,243,822 $1,263,416 $1,285,293 $1,308,458
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$565,316 $624,651 $154,425 $1,187,781 $1,202,428 $1,217,941 $1,234,370 $1,251,768 $1,224,311 $1,243,822 $1,263,416 $1,285,293 $1,308,458
$751,417
Year 3
$1,378,390 $1,391,942 $1,728,991 $1,738,596 $1,748,420 $1,758,470 $1,768,750 $1,779,265 $1,790,021 $1,799,904 $1,811,158 $1,822,668 $1,834,442
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
($48,508) ($566,809) ($17,115) ($17,500) ($17,894) ($18,297) ($18,708) ($19,129) ($19,560) ($20,000) ($20,450) ($20,910) ($21,380)
$3,102 ($7,057) $1,108 $1,133 $1,158 $1,184 $1,211 $1,238 $1,266 $1,294 $1,323 $1,353 $1,384
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$1,332,985 $818,076 $1,712,983 $1,722,228 $1,731,684 $1,741,358 $1,751,252 $1,761,374 $1,771,727 $1,781,199 $1,792,031 $1,803,112 $1,814,445
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$1,332,985 $818,076 $1,712,983 $1,722,228 $1,731,684 $1,741,358 $1,751,252 $1,761,374 $1,771,727 $1,781,199 $1,792,031 $1,803,112 $1,814,445
$1,332,985 $818,076 $1,712,983 $1,722,228 $1,731,684 $1,741,358 $1,751,252 $1,761,374 $1,771,727 $1,781,199 $1,792,031 $1,803,112 $1,814,445
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$1,332,985 $818,076 $1,712,983 $1,722,228 $1,731,684 $1,741,358 $1,751,252 $1,761,374 $1,771,727 $1,781,199 $1,792,031 $1,803,112 $1,814,445
$13,906,997 $20,201,469
Year 4
$1,870,558 $2,201,120 $2,204,041 $2,206,981 $2,209,939 $2,212,917 $2,215,914 $2,218,929 $2,220,790 $2,223,845 $2,226,919 $2,230,013 $2,084,911
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
($607,029) ($5,578) ($5,613) ($5,648) ($5,683) ($5,719) ($5,754) ($5,790) ($5,826) ($5,863) ($5,900) ($5,936) ($307,874)
($4,704) $364 $366 $368 $370 $373 $375 $377 $380 $382 $385 $387 ($2,102)
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$1,258,825 $2,195,906 $2,198,794 $2,201,701 $2,204,627 $2,207,571 $2,210,534 $2,213,517 $2,215,343 $2,218,364 $2,221,404 $2,224,463 $1,774,935
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$1,258,825 $2,195,906 $2,198,794 $2,201,701 $2,204,627 $2,207,571 $2,210,534 $2,213,517 $2,215,343 $2,218,364 $2,221,404 $2,224,463 $1,774,935
$1,258,825 $2,195,906 $2,198,794 $2,201,701 $2,204,627 $2,207,571 $2,210,534 $2,213,517 $2,215,343 $2,218,364 $2,221,404 $2,224,463 $1,774,935
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$1,258,825 $2,195,906 $2,198,794 $2,201,701 $2,204,627 $2,207,571 $2,210,534 $2,213,517 $2,215,343 $2,218,364 $2,221,404 $2,224,463 $1,774,935
$25,571,049
Year 5 Year
Month 50 Month 51 Month 52 Month 53 Month 54 Month 55 Month 56 Month 57 Month 58 Month 59 Month 60 1 2
$2,412,333 $2,412,094 $2,411,855 $2,411,614 $2,411,372 $2,411,130 $2,410,886 $2,409,408 $2,409,162 $2,408,915 $2,408,668 $3,882,316 $13,861,482
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,287,933 $1,143,967
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 ($546,100) $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 ($1,491,302) ($1,104,266)
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $50,470 $5,815
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$2,412,333 $2,412,094 $2,411,855 $2,411,614 $2,411,372 $2,411,130 $2,410,886 $2,409,408 $2,409,162 $2,408,915 $2,408,668 $4,183,317 $13,906,997
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 ($3,431,900) $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 ($3,431,900) $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,000,000 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,000,000 $0
$2,412,333 $2,412,094 $2,411,855 $2,411,614 $2,411,372 $2,411,130 $2,410,886 $2,409,408 $2,409,162 $2,408,915 $2,408,668 $1,751,417 $13,906,997
$2,412,333 $2,412,094 $2,411,855 $2,411,614 $2,411,372 $2,411,130 $2,410,886 $2,409,408 $2,409,162 $2,408,915 $2,408,668
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$2,412,333 $2,412,094 $2,411,855 $2,411,614 $2,411,372 $2,411,130 $2,410,886 $2,409,408 $2,409,162 $2,408,915 $2,408,668
$28,292,372 $122,198,969
Year
3 4 5 5 Years
$20,972,627 $26,241,965 $28,602,348 $93,560,737

$0 $0 $0 $3,431,900
$0 $0 $0 ($546,100)
($777,752) ($670,338) ($307,874) ($4,351,534)
$6,594 ($577) ($2,102) $60,200
$0 $0 $0 $0
$20,201,469 $25,571,049 $28,292,372 $92,155,204
$0 $0 $0 ($3,431,900)
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 ($3,431,900)
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $1,000,000
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $1,000,000
$20,201,469 $25,571,049 $28,292,372 $89,723,304

Real Estate 1cqm9pdl6 - 232635

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REVENUE Year 1 Year 2 Year 3 Year 4 Year 5

Start Annual percent growth, by Year Membership

OTHER Other Revenue Source

$20,000 $5,000 $6,208 $7,709 $9,572 $11,885 $14,757 $18,323 $22,751

47 58 72 89 111 138 171 212 264

$69,995 $86,910 $107,913 $133,992 $166,374 $206,581 $256,505 $318,493 $395,463

$20,417 $5,517 $6,851 $8,506 $10,562 $13,114 $16,284 $20,219 $25,105

$28,249 $35,076 $43,553 $14,421 $15,262 $16,152 $17,095 $18,092

327 406 505 302 319 338 358 378

$491,033 $609,699 $757,043 $452,513 $478,910 $506,846 $536,412 $567,703

$31,172 $38,706 $48,060 $19,190 $20,310 $21,495 $22,748 $24,075

$19,147 $20,264 $21,446 $22,697 $24,021 $25,423 $26,906 $13,170

401 424 449 475 503 532 563 492

$600,819 $635,867 $672,959 $712,215 $753,761 $797,730 $844,264 $738,409

$25,480 $26,966 $28,539 $30,204 $31,966 $33,830 $35,804 $22,268

$13,466 $13,769 $14,079 $14,396 $14,719 $15,051 $15,389 $15,736

503 515 526 538 550 563 575 588

$755,023 $772,011 $789,381 $807,142 $825,303 $843,872 $862,859 $882,274

$22,769 $23,282 $23,806 $24,341 $24,889 $25,449 $26,021 $26,607

$16,090 $16,452 $16,822 $8,135 $8,186 $8,237 $8,289 $8,341

601 615 629 582 585 589 593 596

$902,125 $922,423 $943,177 $872,620 $878,074 $883,562 $889,084 $894,641

$27,206 $27,818 $28,444 $19,830 $19,954 $20,078 $20,204 $20,330

$8,393 $8,445 $8,498 $8,551 $8,604 $8,658 $8,712 $5,010

600 604 608 611 615 619 623 602

$900,232 $905,859 $911,520 $917,217 $922,950 $928,718 $934,523 $903,000

$20,457 $20,585 $20,714 $20,843 $20,973 $21,105 $21,236 $17,534

$5,010 $5,010 $5,010 $5,010 $5,010 $5,010 $5,010 $5,010

602 602 602 602 602 602 602 602

$903,000 $903,000 $903,000 $903,000 $903,000 $903,000 $903,000 $903,000

$17,534 $17,534 $17,534 $17,534 $17,534 $17,534 $17,534 $17,534

$5,010 $5,010 $5,010 $223,084 $240,926 $179,137 $101,050

602 602 602 2,400 5,040 6,696 7,226

$903,000 $903,000 $903,000 $3,600,000 $7,560,000 $10,044,000 $10,839,000

$17,534 $17,534 $17,534 $244,514 $320,608 $302,899 $246,309

Transaction FEES (COGS)

Total Cost of Goods

$4,666 $5,794 $7,194 $8,933 $11,092 $13,772 $17,100 $21,233 $26,364

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000

$5,666 $6,794 $8,194 $9,933 $12,092 $14,772 $18,100 $22,233 $27,364

$32,736 $40,647 $50,470 $30,168 $31,927 $33,790 $35,761 $37,847 $40,055

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000

$33,736 $41,647 $51,470 $31,168 $32,927 $34,790 $36,761 $38,847 $41,055

$42,391 $44,864 $47,481 $50,251 $53,182 $56,284 $49,227 $50,335 $51,467

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000

$43,391 $45,864 $48,481 $51,251 $54,182 $57,284 $50,227 $51,335 $52,467

$52,625 $53,809 $55,020 $56,258 $57,524 $58,818 $60,142 $61,495 $62,878

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000

$53,625 $54,809 $56,020 $57,258 $58,524 $59,818 $61,142 $62,495 $63,878

$58,175 $58,538 $58,904 $59,272 $59,643 $60,015 $60,391 $60,768 $61,148

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000

$59,175 $59,538 $59,904 $60,272 $60,643 $61,015 $61,391 $61,768 $62,148

$61,530 $61,915 $62,302 $60,200 $60,200 $60,200 $60,200 $60,200 $60,200

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000

$62,530 $62,915 $63,302 $61,200 $61,200 $61,200 $61,200 $61,200 $61,200

$60,200 $60,200 $60,200 $60,200 $60,200 $60,200 $240,000 $504,000 $669,600

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000 $12,000 $12,000

$61,200 $61,200 $61,200 $61,200 $61,200 $61,200 $252,000 $516,000 $681,600

$722,600 $722,400 $2,858,600

$12,000 $12,000 $60,000

$734,600 $734,400 $2,918,600

$15,194 $150,000 $157,500 $165,375 $173,644 $182,326 $828,845