1 Revenue

2 Variable cost
3 Fixed cost
4 Annual least exspense
5 Noncash exspense (depreciation)
6 Total exspense
7 Before-tax earnings of subsidiary
8 Host government tax (27%)
9 After-tax earnings of subsidiary
10 Net cash flow to subsidiary
Remitted cash flow by subsidiary (100% of
11 net cash flow)
Withholding tax on remitted funds (10%)
12
Remitted cash flow after witholding tax
13
14 Salvage value
15 Exchange rate of $
16 CF to parent in USD
PV of parent cash flows (4.44% discount rate)
17
18 Initial investment
19 Cumulative NPV
20 NPV
21 IRR
22 Discounted pavback period
YEAR 0 YEAR 1
500.000.000.000 VND
300.000.000.000 VND
25.000.000.000 VND
20.000.000.000 VND
40.000.000.000 VND
385.000.000.000 VND
115.000.000.000 VND
31.050.000.000 VND
83.950.000.000 VND
123.950.000.000 VND

123.950.000.000 VND

12.395.000.000 VND

111.555.000.000 VND

$0.000044
 YEAR 2 YEAR 3
650.000.000.000 VND 900.000.000.000 VND
307.200.000.000 VND 314.572.800.000 VND
25.600.000.000 VND 26.214.400.000 VND
20.480.000.000 VND 20.971.520.000 VND
40.000.000.000 VND 40.000.000.000 VND
393.280.000.000 VND 401.758.720.000 VND
256.720.000.000 VND 498.241.280.000 VND
69.314.400.000 VND 134.525.146.000 VND
187.405.600.000 VND 363.716.134.000 VND
227.405.600.000 VND 403.716.134.000 VND

227.405.600.000 VND 403.716.134.000 VND

22.740.560.000 VND 40.371.613.400 VND

204.665.040.000 VND 363.344.520.600 VND

800.000.000.000 VND
$0.000044 $0.000044