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>> FINANCIAL PROJECTIONS // BREAKEVEN // PROJECT BUDGETING FINAN A NALYS < <

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2023 2024 2025 2026 2027
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2025 2026 2027
Au.umptions
Oays
Revenue Growth Rate
365 365
10%
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10%
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10%
Breebven Anelvsl1
i•SOOO
Flxed Costs 1,000 1,100 1,210 1,331 1,464
Ftxed Costs (% of Revenue)
Variable Costs (% of Revenue) Wo<klng Capital Rrq (% of Revenue) Capital E.<pendltures (SOOOJ
Capital Assets Salvage Value Oiscount Rate
Tax Rate
lnltlal Revenue (SOOOJ
lnitial Equity (SOOO)
lncome Statement onSOOO
Revenue
Vari<lble COGS Fl•edCOGS Grou Profit
Variable Overhead
20%
50%
13%
S2.600
10%
25% S5,000
Sl,475
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20%
50%
rn.
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10%

25%

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100 500 4,000 1,750

10%
25%
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20%
50%
11%
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10%
25%
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20%
50%
10% S500
S2.500
10%
25%
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Variable Costs 2,500 2,750 3,025 3,328 3.661
Total Cosu 3,500 3,850 4,235 4,659 5,125
Rcvrnue 5,000 5,500 6,050 6.655 7.321
Contrlbutlon Margln 2,500 2.750 3.025 3,328 3.661
Contrlbutlon Margln % 50% 50% 50% 50% 50%
8reakeven Revenue 2000 2 200 2 420 2662 2 928
Cepltel Bud..tin&
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lnítiaf lnvestmrnt • CAPEX (2.600)
Rrvenut 5,000 5,500 6,050 6,655 7.321
Variable Costs (2.500) (2,750) (3,025) (3.328) (3.661)
Fl•ed Costs (1.000) (1.100) (1.210) (1.331) (1,464)
1,500 1.650 1,815 1,997 2,196
Ta• Expense (375) (413) (454) (499) (549)
Aftor Tex Annu1t C:.sh Flow1 1,125 1,238 1,361 1,497 1,647
Flxed Ovemead 500 600 700 800 900
lnvtttment In Worklng Capital (650) (738) (738) (738) (738)
EBITDA/Operatlnc lncomo
l,SOO
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l,BlS
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Salvage value ol CAPEX 2.500
Oepreciation & Amortizatlon 1 00 1 00 1 00 1 00 1 00
Ntl lnaemrntal Clsh Flow (2.125) 500 623 759 3,409
EBIT
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1,SSO
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Olscount Rate (from assumptlons) 0.9091 0.8264 0.7513 0.6830 0.6209
Tax 375 413 454 499 549
PV of Futuro <:ash Flow1 (1932) 413 468 519 2 117
Netlncome 1,025
Balance Sheet
1,138 1,262
1,398 1,548

I .IRR 3 3%
NPV (SOOOJ
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Current Assets
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lnítial lnvestment (noworkins cap)
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Flxed Assets 2.500 2.900 3.300 3 ,700 4,100
After Tax Annual Cash Flows
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1.361 1.497
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Total Asson
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Amount left to repay
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Current Uabllities
lona Term Uabllities
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1P1ybadc poriod 2 ye1n 2 montht
Total U.bllltles
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100 100
100 100
Flnanclal Analysls
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2025 2026 2027
Equlty 2.500
Total U1bllltlH & Equlty 3,250
Cash Flow Stotem.,nt
.sooo
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S,198
Ret lo1 & Metrla
ROE 41% 31% 31% 30% 30%
ROIC 32% 31% 30% 30% 30%
Workírc Capital (SOOO) 650 725 808 898 998
Net lnwme
Oepreclation & Amortlzetlon
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Gross Profn Margln 70% 73% 71% 72% 72%
Net Prolit Mar¡¡ln 21% 21% 21% 21% 21%
Change In Worlcins Capital (650) (751 (83) (90) (100)
Contributlon Margln 50% 50% 50% 50% 50%
<:ash from Optratlnc Actlvltlts
Sales of Securitles Purchase ol Securitles Sales of Capital Assets
475 1,163
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Current Ratio 7.50 8.25 9.08 9.98 ID.98
Oebt to Equlty 0.30 0.03 0.02 0.02 0.02
Equlty RatiO 0.77 0.97 0.98 0.98 0.98
Oebt Ratio 0.23 0.03 0.02 0.02 0.02
Asset Tumover 0.32 0.31 0.30 0.30 0.30
Purchase ol Capital Assets (2.600)
{500) (500)
(500) (500)
Fll<M Asset Turnover 0.41 0.39 0.38 0.38 D.38
Ca.Jh from lnv•stinc Activitle1 (2,600)
(500) {500)
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1 Common Slze lncome S tement
Net Oebt Proceeds
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Revenue
100% 100% 100%
100%
100%
Net Equlty Proceeds
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(500) (850)
Variable COGS
18"
20%
20%
20%
<:ash from Fln1ndnc Actlvlt1ts 2,125
(550) (500)
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Fl•ed OOGS
Grou Profit
9"
73%
8%
71%
8% 8"
72% 2%
Net Cash Flow
Beglnnlng cash balance
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Variable OVerhead
Flxed Oierhead
32%
11%
3°'6
12%
30%
12%
3°'6
12%
113 3 92 800 998
med tobt conwrob e dtbtncwtts •:hIUtwdltfttts\.d\f:tdor• no •tn.al l.Mft't:n f:ll.oe'\'f:
.,.srl'OQrtird

Wor ko ng Cop1tol Schedul"

EBITDA/Oporotinc lncome
Oepredatlon & Amortlzatlon
rerr
Tax
30%
2%
28"
8"
21%
30%
2%
28"
8%
21%
30%
2%
28%
8%
21%
3°'6
1%
29"
8"
21%
•nSOOO Ntt lncomt
Accounts Recelvob 300 330 363 399 439
lnventO<y 225 248 272 299 329 Hotlzontel Anelnls / lncome S
Other Current Assets 225 247 273 300 330 Revenue
Total turrent Asson 750 825 908 998 1098 Variable COGS Flxed OOGS

Accou.nts Payable 70 70 70 70 70 Grou Profit

Other Current U.bilities 30 30 30 30 30 Variable Overhead
Totol Curren! U1bílities 100 100 100 100 100 Flxed Oierhead
Days Sales Outstandlng OSO 22 22 22 22 22 ElllTDA/Operotlnc lncome Oepredallon &
Amortlzatlon
Days Invento.y Outstandlng DKl SS 60 57 59 59 EBIT
Oavs Payable Outstandin1 DPO 17 17 15 14 13 Tax
C:.sh Convenlon Cyde 60 65 64 67 69 N•t lncome
Equfval•nt Revenue Oayt 817 983 1067 1219 13761
te....,.t Trend Anelwls

°"
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°°""
°"
°"
10%
23%
2%
8%
3%
17%
10%

1° "1%
10%

11%

10%

ª4"%
11%
11%

14%

10%

1° "1%
10%

11%

10%
10%
6%
1°'6
1°'6
13%
10%
11%
10%
11%
0% 10%
0% 0%
0%
°"
°"
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