(1+0.

10/1+03)

1.1 1.03 1.067961

real rate 6

real rate
year cash flow present value
1 8000 7272.727
2 8240 6809.917
3 8487.2 6376.559
4 8741.816 5970.778
26429.98
real rate
year cah flow present va pv
1 8000 7766.99 7272.728
2 8240 7766.99 6809.919
3 8487.2 7766.99 6376.562
4 8741.816 7766.99 5970.782
26429.99
machine A

year cost pv
1 15 14.15094 0
2 5 4.449982
3 5 4.198096
4 5 3.960468
 0 1 2 3
1 capital investment 10000
2 accumlated deprication 1500 2775 3858.75
3 year end book value 8500 7225 6141.25
4 working capital 550 1289 3261
5 total book value(3+4) 9050 8514 9402.25
6 sales 523 12887 32610
7 cost of goods sold 837 7729 19552
8 other cost 4000 2200 1210 1331
9 deprication 1500 1275 1083.75
10 pre-tax profit(6-7--8-9) -4014 2673 10643.25
11 tax at 33.66% -1351.1124 899.7318 3582.518
12 profit after tax(10-11) -2662.8876 1773.268 7060.732

15%

cash flow statement

sales 523 12887 32610 48901
cost of goods sold 837 7729 19552 29345
other cost 2200 1210 1331 1464
deprication 1500 1275 1083.75 921.1875
profit before tax -4014 2673 10643.25 17170.81
tax 0 0 0 0
cash flow -4014 2673 10643.25 17170.81
cpat -2514 3948 11727 18092
 4 5 6 7

4779.938 5562.947 6228.505 6794.229

5220.063 4437.053 3771.495 3205.771
4890 3583 2002 0
10110.06 8020.053 5773.495 3205.771
48901 35834 19717
29345 21492 11830
1464 1611 1772
921.1875 783.0094 665.558 565.7243
17170.81 11947.99 5449.442 -565.7243
5779.695 4021.694 1834.282 -190.4228
11391.12 7926.297 3615.16 -375.3015

35834 19717
21492 11830
1611 1772
783.0094 665.558
11947.99 5449.442
0 0
11947.99 5449.442
12731 6115