Exhibit 1

The Investment Detective

Project Free Cash Flows (in $ Thousands)
1

Project Number
Discount Rate
Initial Investment
Year 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Sum of Cash Flow Benefits

10%
($2,000)
$330
330
330
330
330
330
330
1,000

10%
($2,000)
$1,666
334
165

10%
($2,000)

10,000
$3,310

$2,165

$10,000

$1,310

$165

$8,000

Excess of Cash Flow

Over Initial Investment

10%
($2,000)
$160
200
350
395
432
440
442
444
446
448
450
451
451
452
(2,000)

10%
($2,000)
280
280
280
280
280
280
280
280
280
280
280
280
280
280
280

10%
($2,000)
$2,200

10%
($2,000)
$1,200
900
300
90
70

10%
($2,000)
($350)
(60)
60
350
700
1,200
2,250

$3,561

$4,200

$2,200

$2,560

$4,150

$1,561

$2,200

$200

$560

$2,150

NPV Calculation

Project Number

Initial Investment
Year

SIGMA PV
NPV

Explaination
The result of NPV :

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

($2,000)

($2,000)

($2,000)

($2,000)

($2,000)

($2,000)

$300
$273
$248
$225
$205
$186
$169
$467
$0
$0
$0
$0
$0
$0
$0
$2,073
$73

$1,515
$276
$124
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$1,915
($85)

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,394
$2,394
$394

$145
$165
$263
$270
$268
$248
$227
$207
$189
$173
$158
$144
$131
$119
-$479
$2,228
$228

$255
$231
$210
$191
$174
$158
$144
$131
$119
$108
$98
$89
$81
$74
$67
$2,130
$130

$2,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,000
$0

above 0 (not recommended to execute or invested)

upper 0 (recommended to execute or invested)

The result of NPV : above 0 (not recommended to execute or invested), upper 0 (recommended to execute or invested)

IRR CALCULATION

($2,000)

($2,000)

$1,091
$744
$225
$61
$43
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,165
$165

-$318
-$50
$45
$239
$435
$677
$1,155
$0
$0
$0
$0
$0
$0
$0
$0
$2,183
$183

Project Number
Discount Rate

Initial Investment
Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

SIGMA PV
NPV

10.87%
($2,000)

6.31%
($2,000)

11.33%
($2,000)

$298
$268
$242
$218
$197
$178
$160
$438
$0
$0
$0
$0
$0
$0
$0
$2,000
$0

$1,567
$296
$137
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,000
($0)

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,000
$2,000
$0

Explaination
Project 1 - 8 has discount rate upper 10 % suitable to invested
The higher IRR will same as the amount of return that gain from the project

mended to execute or invested)

12.33%
($2,000)

11.12%
($2,000)

10.00%
($2,000)

15.26%
($2,000)

11.41%
($2,000)

$142
$159
$247
$248
$242
$219
$196
$175
$157
$140
$125
$112
$99
$89
-$350
$2,000
$0

$252
$227
$204
$184
$165
$149
$134
$120
$108
$98
$88
$79
$71
$64
$58
$2,000
$0

$2,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,000
$0

$1,041
$677
$196
$51
$34
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,000
$0

-$314
-$48
$43
$227
$408
$628
$1,056
$0
$0
$0
$0
$0
$0
$0
$0
$2,000
$0

table to invested
urn that gain from the project

PAYBACK PERIOD CALCULATION

Project Number
Discount Rate
Initial Investment
Year 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

10%
$2,000
$330
330
330
330
330
330
330
1,000

2
10%
$2,000
$1,666
334
165

3
10%
$2,000

10%
$2,000
280
280
280
280
280
280
280
280
280
280
280
280
280
280
280

10%
$2,000
$2,200

10,000

10%
$2,000
$160
200
350
395
432
440
442
444
446
448
450
451
451
452
(2,000)

Sum of Cash Flow Benefits

$3,310

$2,165

$10,000

$3,561

$4,200

$2,200

Excess of Cash Flow

Over Initial Investment

$5,310

$4,165

$12,000

$5,561

$6,200

$4,200

7
$2,310
$1,980
6.06

2
$2,000
$1,666
2.00

7
$2,419
$1,977
6.05

8
2,240
1,960
7.14

1
$2,200
0
0.91

BEP ( year )
Return BEP ( $ ) (SUM)
Return BEP-1 year ( SUM )
Payback Period (in year)

15
10000
0
14.20

Explaination

the more fast return time from capital that investate so the project much better and vice versa

PROFITABILITY INDEX CALCULATION

7
10%
$2,000
$1,200
900
300
90
70

8
10%
$2,000
($350)
(60)
60
350
700
1,200
2,250

Project Number

Initial Investment
Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

SIGMA PV
PROFITABILITY INDEX
$2,560

$4,150

$4,560

$6,150

($2,000)

($2,000)

($2,000)

$300
$273
$248
$225
$205
$186
$169
$467
$0
$0
$0
$0
$0
$0
$0
$2,073
1.04

$1,515
$276
$124
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$1,915
0.96

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,394
$2,394
1.20

Explaination

if the project have the probability index below than 1 so the project is not reco
2
7
$2,100
$4,150
$1,200
$1,900
1.89 6.044444

($2,000)

($2,000)

($2,000)

($2,000)

($2,000)

$145
$165
$263
$270
$268
$248
$227
$207
$189
$173
$158
$144
$131
$119
-$479
$2,228
1.11

$255
$231
$210
$191
$174
$158
$144
$131
$119
$108
$98
$89
$81
$74
$67
$2,130
1.06

$2,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,000
1.00

$1,091
$744
$225
$61
$43
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,165
1.08

-$318
-$50
$45
$239
$435
$677
$1,155
$0
$0
$0
$0
$0
$0
$0
$0
$2,183
1.09

n 1 so the project is not recommend to invistigate and vice versa