1 2 3 4 5 Salvage Value

Machinary 490,000.00 490,000.00 490,000.00 490,000.00 490,000.00 50,000.00

Land
Building 16,000.00 16,000.00 16,000.00 16,000.00 16,000.00 720,000.00
Furniture 80,000.00 80,000.00 80,000.00 80,000.00 80,000.00 100,000.00
586,000.00 586,000.00 586,000.00 586,000.00 586,000.00 3,650,000.00
Working Capital
Investment
Sum
2,500,000.00
200,000.00
800,000.00
500,000.00
4,000,000.00
200,000.00
4,200,000.00
 Year 1 Year 2 Year 3 Year 4 Year 5
Sales 1,600,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00
Less OPEX 960,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00
Less Dep 586,000.00 586,000.00 586,000.00 586,000.00 586,000.00
PBT 54,000.00 414,000.00 414,000.00 414,000.00 414,000.00
Tax 16,200.00 124,200.00 124,200.00 124,200.00 124,200.00
PAT 37,800.00 289,800.00 289,800.00 289,800.00 289,800.00
Add Dep 623,800.00 875,800.00 875,800.00 875,800.00 875,800.00
Cash Flow 623,800.00 875,800.00 875,800.00 875,800.00 875,800.00
Rec Working Capital - - - - 200,000.00
Residual Value of Fixed Assets - - - - 3,650,000.00
Capital Gain Tax 774,000.00
Net Cash Flow 623,800.00 875,800.00 875,800.00 875,800.00 3,951,800.00

(4,200,000.00) 623,800.00 875,800.00 875,800.00 875,800.00 3,951,800.00

NPV $800,834.13
IRR 15.35%
MIRR 13.91%
Capital Gain Calculation
Cost L&B 1,000,000.00
Acc Dep 80,000.00
Book Value 920,000.00
Selling Value 3,500,000.00
Gain 2,580,000.00
Tax 774,000.00