10%

161.051 372552.8 N CF PV of CF
1 5 4.5454545455
0.1 2 5 4.132231405
3 5 3.7565740045
N CF FV of CF 4 5 3.4150672768
1 5 7.3205 5 5 3.1046066153
2 5 6.655
3 5 6.05 18.953933847
4 5 5.5 $18.95
5 5 5
30.5255
$30.53 1.1051709181

0.103813 10% 0.1047130674

0.103813 N CF FV of CFs
1 1000 1489.3540986072
2 1000 1348.1818424188
G1 20% k 13% 3 1000 1220.3909613756
G2 8% 4 1000 1104.7130674413
CF0 3500 5 1000 1000
6162.6399698429

N CF PV of CF 16.0576493241
1 4200 3716.814 $3,716.81
2 5040 3947.059
3 6048 4191.567 N 16.0576493241
4 7257.6 4451.222 FV 468000
5 8709.12 4726.961 PV 136000
6 10450.94 5019.782 r 8%
7 12541.13 5330.742
8 340115.5 127937.8 0.00
9 16253.31

TV 325066.162
Vf 159321.956

1.123%
0.13474
$6,162.64
Int 7% 0.005833
EMI $831.63
Prin 125000
N Int Principal O/S Principal
1 729.1667 $102.46 $124,897.54
2 $728.57 $103.06 $124,794.48
3 $727.97 $103.66 $124,690.82
4 $727.36 $104.27 $124,586.55
5 $726.75 $104.87 $124,481.68
6 $726.14 $105.48 $124,376.20
7 $725.53 $106.10 $124,270.10
8 $724.91 $106.72 $124,163.38
9 $724.29 $107.34 $124,056.03
10 $723.66 $107.97 $123,948.07
11 $723.03 $108.60 $123,839.47
12 $722.40 $109.23 $123,730.24
13 $721.76 $109.87 $123,620.37
14 $721.12 $110.51 $123,509.86
15 $720.47 $111.15 $123,398.71
16 $719.83 $111.80 $123,286.90
17 $719.17 $112.45 $123,174.45
18 $718.52 $113.11 $123,061.34
19 $717.86 $113.77 $122,947.57
20 $717.19 $114.43 $122,833.13
21 $716.53 $115.10 $122,718.03
22 $715.86 $115.77 $122,602.26
23 $715.18 $116.45 $122,485.81
24 $714.50 $117.13 $122,368.68 $1,644,940.23
25 $713.82 $117.81 $122,250.87
26 $713.13 $118.50 $122,132.38
27 $712.44 $119.19 $122,013.19
28 $711.74 $119.88 $121,893.30
29 $711.04 $120.58 $121,772.72
30 $710.34 $121.29 $121,651.43
31 $709.63 $121.99 $121,529.44
32 $708.92 $122.71 $121,406.73
33 $708.21 $123.42 $121,283.31
34 $707.49 $124.14 $121,159.16
35 $706.76 $124.87 $121,034.30
36 $706.03 $125.59 $120,908.70 524.0333 324 200.033344068
37 $705.30 $126.33 $120,782.38
38 $704.56 $127.06 $120,655.31
39 $703.82 $127.81 $120,527.51
40 $703.08 $128.55 $120,398.96
41 $702.33 $129.30 $120,269.65
42 $701.57 $130.06 $120,139.60
43 $700.81 $130.81 $120,008.79
44 $700.05 $131.58 $119,877.21
45 $699.28 $132.34 $119,744.86
46 $698.51 $133.12 $119,611.75
47 $697.74 $133.89 $119,477.86
48 $696.95 $134.67 $119,343.18
49 $696.17 $135.46 $119,207.72
50 $695.38 $136.25 $119,071.47
51 $694.58 $137.04 $118,934.43
52 $693.78 $137.84 $118,796.58
53 $692.98 $138.65 $118,657.94
54 $692.17 $139.46 $118,518.48
55 $691.36 $140.27 $118,378.21
56 $690.54 $141.09 $118,237.12
57 $689.72 $141.91 $118,095.21
58 $688.89 $142.74 $117,952.47
59 $688.06 $143.57 $117,808.90
60 $687.22 $144.41 $117,664.49
61 $686.38 $145.25 $117,519.24
62 $685.53 $146.10 $117,373.14
63 $684.68 $146.95 $117,226.18
64 $683.82 $147.81 $117,078.38
65 $682.96 $148.67 $116,929.71
66 $682.09 $149.54 $116,780.17
67 $681.22 $150.41 $116,629.76
68 $680.34 $151.29 $116,478.47
69 $679.46 $152.17 $116,326.30
70 $678.57 $153.06 $116,173.24
71 $677.68 $153.95 $116,019.29
72 $676.78 $154.85 $115,864.44
73 $675.88 $155.75 $115,708.69
74 $674.97 $156.66 $115,552.03
75 $674.05 $157.57 $115,394.45
76 $673.13 $158.49 $115,235.96
77 $672.21 $159.42 $115,076.54
78 $671.28 $160.35 $114,916.19
79 $670.34 $161.28 $114,754.91
80 $669.40 $162.22 $114,592.68
81 $668.46 $163.17 $114,429.51
82 $667.51 $164.12 $114,265.39
83 $666.55 $165.08 $114,100.31
84 $665.59 $166.04 $113,934.27
85 $664.62 $167.01 $113,767.26
86 $663.64 $167.99 $113,599.27
87 $662.66 $168.97 $113,430.30
88 $661.68 $169.95 $113,260.35
89 $660.69 $170.94 $113,089.41
90 $659.69 $171.94 $112,917.47
 91 $658.69 $172.94 $112,744.53
92 $657.68 $173.95 $112,570.58
93 $656.66 $174.97 $112,395.61
94 $655.64 $175.99 $112,219.62
95 $654.61 $177.01 $112,042.61
96 $653.58 $178.05 $111,864.56
97 $652.54 $179.08 $111,685.48
98 $651.50 $180.13 $111,505.35
99 $650.45 $181.18 $111,324.17
100 $649.39 $182.24 $111,141.93
101 $648.33 $183.30 $110,958.63
102 $647.26 $184.37 $110,774.26
103 $646.18 $185.44 $110,588.82
104 $645.10 $186.53 $110,402.29
105 $644.01 $187.61 $110,214.67
106 $642.92 $188.71 $110,025.97
107 $641.82 $189.81 $109,836.16
108 $640.71 $190.92 $109,645.24
109 $639.60 $192.03 $109,453.21
110 $638.48 $193.15 $109,260.06
111 $637.35 $194.28 $109,065.78
112 $636.22 $195.41 $108,870.37
113 $635.08 $196.55 $108,673.82
114 $633.93 $197.70 $108,476.12
115 $632.78 $198.85 $108,277.27
116 $631.62 $200.01 $108,077.26
117 $630.45 $201.18 $107,876.08
118 $629.28 $202.35 $107,673.73
119 $628.10 $203.53 $107,470.20
120 $626.91 $204.72 $107,265.48
121 $625.72 $205.91 $107,059.57
122 $624.51 $207.11 $106,852.45
123 $623.31 $208.32 $106,644.13
124 $622.09 $209.54 $106,434.59
125 $620.87 $210.76 $106,223.83
126 $619.64 $211.99 $106,011.84
127 $618.40 $213.23 $105,798.62
128 $617.16 $214.47 $105,584.15
129 $615.91 $215.72 $105,368.43
130 $614.65 $216.98 $105,151.45
131 $613.38 $218.24 $104,933.20
132 $612.11 $219.52 $104,713.69
133 $610.83 $220.80 $104,492.89
134 $609.54 $222.09 $104,270.80
135 $608.25 $223.38 $104,047.42
136 $606.94 $224.68 $103,822.74
137 $605.63 $226.00 $103,596.74
138 $604.31 $227.31 $103,369.43
139 $602.99 $228.64 $103,140.79
140 $601.65 $229.97 $102,910.81
141 $600.31 $231.32 $102,679.50
142 $598.96 $232.66 $102,446.83
143 $597.61 $234.02 $102,212.81
144 $596.24 $235.39 $101,977.43
145 $594.87 $236.76 $101,740.67
146 $593.49 $238.14 $101,502.52
147 $592.10 $239.53 $101,262.99
148 $590.70 $240.93 $101,022.07
149 $589.30 $242.33 $100,779.73
150 $587.88 $243.75 $100,535.99
151 $586.46 $245.17 $100,290.82
152 $585.03 $246.60 $100,044.22
153 $583.59 $248.04 $99,796.19
154 $582.14 $249.48 $99,546.70
155 $580.69 $250.94 $99,295.76
156 $579.23 $252.40 $99,043.36
157 $577.75 $253.88 $98,789.48
158 $576.27 $255.36 $98,534.13
159 $574.78 $256.85 $98,277.28
160 $573.28 $258.34 $98,018.94
161 $571.78 $259.85 $97,759.09
162 $570.26 $261.37 $97,497.72
163 $568.74 $262.89 $97,234.83
164 $567.20 $264.42 $96,970.40
165 $565.66 $265.97 $96,704.44
166 $564.11 $267.52 $96,436.92
167 $562.55 $269.08 $96,167.84
168 $560.98 $270.65 $95,897.19
169 $559.40 $272.23 $95,624.96
170 $557.81 $273.82 $95,351.15
171 $556.22 $275.41 $95,075.73
172 $554.61 $277.02 $94,798.71
173 $552.99 $278.64 $94,520.08
174 $551.37 $280.26 $94,239.82
175 $549.73 $281.90 $93,957.92
176 $548.09 $283.54 $93,674.38
177 $546.43 $285.19 $93,389.19
178 $544.77 $286.86 $93,102.33
179 $543.10 $288.53 $92,813.80
180 $541.41 $290.21 $92,523.58
181 $539.72 $291.91 $92,231.68
182 $538.02 $293.61 $91,938.07
183 $536.31 $295.32 $91,642.74
184 $534.58 $297.05 $91,345.70
185 $532.85 $298.78 $91,046.92
186 $531.11 $300.52 $90,746.40
187 $529.35 $302.27 $90,444.12
188 $527.59 $304.04 $90,140.09
189 $525.82 $305.81 $89,834.28
190 $524.03 $307.59 $89,526.68
191 $522.24 $309.39 $89,217.29
192 $520.43 $311.19 $88,906.10
193 $518.62 $313.01 $88,593.09
194 $516.79 $314.84 $88,278.25
195 $514.96 $316.67 $87,961.58
196 $513.11 $318.52 $87,643.06
197 $511.25 $320.38 $87,322.69
198 $509.38 $322.25 $87,000.44
199 $507.50 $324.13 $86,676.31
200 $505.61 $326.02 $86,350.30
201 $503.71 $327.92 $86,022.38
202 $501.80 $329.83 $85,692.55
203 $499.87 $331.75 $85,360.79
204 $497.94 $333.69 $85,027.10
205 $495.99 $335.64 $84,691.47
206 $494.03 $337.59 $84,353.87
207 $492.06 $339.56 $84,014.31
208 $490.08 $341.54 $83,672.76
209 $488.09 $343.54 $83,329.23
210 $486.09 $345.54 $82,983.69
211 $484.07 $347.56 $82,636.13
212 $482.04 $349.58 $82,286.55
213 $480.00 $351.62 $81,934.92
214 $477.95 $353.67 $81,581.25
215 $475.89 $355.74 $81,225.51
216 $473.82 $357.81 $80,867.70
217 $471.73 $359.90 $80,507.80
218 $469.63 $362.00 $80,145.80
219 $467.52 $364.11 $79,781.69
220 $465.39 $366.23 $79,415.45
221 $463.26 $368.37 $79,047.08
222 $461.11 $370.52 $78,676.56
223 $458.95 $372.68 $78,303.88
224 $456.77 $374.86 $77,929.02
225 $454.59 $377.04 $77,551.98
226 $452.39 $379.24 $77,172.74
227 $450.17 $381.45 $76,791.29
228 $447.95 $383.68 $76,407.61
229 $445.71 $385.92 $76,021.69
230 $443.46 $388.17 $75,633.52
231 $441.20 $390.43 $75,243.09
232 $438.92 $392.71 $74,850.38
233 $436.63 $395.00 $74,455.38
234 $434.32 $397.31 $74,058.07
235 $432.01 $399.62 $73,658.45
236 $429.67 $401.95 $73,256.50
237 $427.33 $404.30 $72,852.20
238 $424.97 $406.66 $72,445.54
239 $422.60 $409.03 $72,036.51
240 $420.21 $411.42 $71,625.10
241 $417.81 $413.82 $71,211.28
242 $415.40 $416.23 $70,795.05
243 $412.97 $418.66 $70,376.40
244 $410.53 $421.10 $69,955.30
245 $408.07 $423.56 $69,531.74
246 $405.60 $426.03 $69,105.72
247 $403.12 $428.51 $68,677.20
248 $400.62 $431.01 $68,246.19
249 $398.10 $433.53 $67,812.67
250 $395.57 $436.05 $67,376.61
251 $393.03 $438.60 $66,938.02
252 $390.47 $441.16 $66,496.86
253 $387.90 $443.73 $66,053.13
254 $385.31 $446.32 $65,606.81
255 $382.71 $448.92 $65,157.89
256 $380.09 $451.54 $64,706.35
257 $377.45 $454.17 $64,252.18
258 $374.80 $456.82 $63,795.35
259 $372.14 $459.49 $63,335.86
260 $369.46 $462.17 $62,873.69
261 $366.76 $464.86 $62,408.83
262 $364.05 $467.58 $61,941.25
263 $361.32 $470.30 $61,470.95
264 $358.58 $473.05 $60,997.90
265 $355.82 $475.81 $60,522.09
266 $353.05 $478.58 $60,043.51
267 $350.25 $481.37 $59,562.14
268 $347.45 $484.18 $59,077.95
269 $344.62 $487.01 $58,590.95
270 $341.78 $489.85 $58,101.10
271 $338.92 $492.71 $57,608.39
272 $336.05 $495.58 $57,112.82
273 $333.16 $498.47 $56,614.35
274 $330.25 $501.38 $56,112.97
275 $327.33 $504.30 $55,608.67
276 $324.38 $507.24 $55,101.42
277 $321.42 $510.20 $54,591.22
278 $318.45 $513.18 $54,078.04
279 $315.46 $516.17 $53,561.87
280 $312.44 $519.18 $53,042.68
281 $309.42 $522.21 $52,520.47
282 $306.37 $525.26 $51,995.21
283 $303.31 $528.32 $51,466.89
284 $300.22 $531.40 $50,935.48
285 $297.12 $534.50 $50,400.98
286 $294.01 $537.62 $49,863.36
287 $290.87 $540.76 $49,322.60
288 $287.72 $543.91 $48,778.69
289 $284.54 $547.09 $48,231.60
290 $281.35 $550.28 $47,681.32
291 $278.14 $553.49 $47,127.84
292 $274.91 $556.72 $46,571.12
293 $271.66 $559.96 $46,011.16
294 $268.40 $563.23 $45,447.93
295 $265.11 $566.52 $44,881.41
296 $261.81 $569.82 $44,311.59
297 $258.48 $573.14 $43,738.45
298 $255.14 $576.49 $43,161.96
299 $251.78 $579.85 $42,582.11
300 $248.40 $583.23 $41,998.88
301 $244.99 $586.63 $41,412.24
302 $241.57 $590.06 $40,822.19
303 $238.13 $593.50 $40,228.69
304 $234.67 $596.96 $39,631.73
305 $231.19 $600.44 $39,031.28
306 $227.68 $603.95 $38,427.34
307 $224.16 $607.47 $37,819.87
308 $220.62 $611.01 $37,208.86
309 $217.05 $614.58 $36,594.28
310 $213.47 $618.16 $35,976.12
311 $209.86 $621.77 $35,354.35
312 $206.23 $625.39 $34,728.96
313 $202.59 $629.04 $34,099.92
314 $198.92 $632.71 $33,467.20
315 $195.23 $636.40 $32,830.80
316 $191.51 $640.12 $32,190.69
317 $187.78 $643.85 $31,546.84
318 $184.02 $647.60 $30,899.23
319 $180.25 $651.38 $30,247.85
320 $176.45 $655.18 $29,592.67
321 $172.62 $659.00 $28,933.66
322 $168.78 $662.85 $28,270.81
323 $164.91 $666.72 $27,604.10
324 $161.02 $670.60 $26,933.49
325 $157.11 $674.52 $26,258.98
326 $153.18 $678.45 $25,580.53
327 $149.22 $682.41 $24,898.12
328 $145.24 $686.39 $24,211.73
329 $141.24 $690.39 $23,521.34
330 $137.21 $694.42 $22,826.92
331 $133.16 $698.47 $22,128.45
332 $129.08 $702.55 $21,425.90
333 $124.98 $706.64 $20,719.26
334 $120.86 $710.77 $20,008.49
335 $116.72 $714.91 $19,293.58
336 $112.55 $719.08 $18,574.50
337 $108.35 $723.28 $17,851.22
338 $104.13 $727.50 $17,123.72
339 $99.89 $731.74 $16,391.98
340 $95.62 $736.01 $15,655.98
341 $91.33 $740.30 $14,915.67
342 $87.01 $744.62 $14,171.05
343 $82.66 $748.96 $13,422.09
344 $78.30 $753.33 $12,668.76
345 $73.90 $757.73 $11,911.03
346 $69.48 $762.15 $11,148.88
347 $65.04 $766.59 $10,382.29
348 $60.56 $771.06 $9,611.23
349 $56.07 $775.56 $8,835.66
350 $51.54 $780.09 $8,055.58
351 $46.99 $784.64 $7,270.94
352 $42.41 $789.21 $6,481.73
353 $37.81 $793.82 $5,687.91
354 $33.18 $798.45 $4,889.46
355 $28.52 $803.11 $4,086.35
356 $23.84 $807.79 $3,278.56
357 $19.12 $812.50 $2,466.06
358 $14.39 $817.24 $1,648.82
359 $9.62 $822.01 $826.81
360 $4.82 $826.81 ($0.00)
XYZ is introducing a new plant. The cost is
estimated at Rs 250 Lakh. The annual
capacity of the plant is to manufacture
5,00,000 packets. The price per packet
would be Rs 140 and variable cost per
packet would be Rs 85. The initial fixed
cost would be Rs 150 Lakhs which
includes onetime promotion expenditure
of Rs 75 lakhs. WDV depreciation rate is
25%. Working capital requirement is 15%
of sales. Inflation is expected to be 4.6%
p.a. Life of plant 7 years. The salvage
value of plant is Rs 25 Lakhs, tax: 35% and
required rate of return is 9%.
Utilization: Cap 500000
Year 1 2 3 4 5 6 7 SP 140
Utilization (%) 25 35 50 75 90 100 100 VC pu 85 1 2
Tax rate 35% Dep 62.5 46.875
WDV rate 25% Value 187.50 140.63
WC req 15%
FC 75.00
Cap Inv 250.00
Sal Val 25.00

0 1 2 3 4
Cap Inv -250.00
Utilization 0.25 0.35 0.5 0.75
Total sales 175 245 350 525
T VC 106.25 148.75 212.5 318.75
Cont. 68.75 96.25 137.5 206.25
FC 150.00 75.00 75.00 75.00
EBITDA -81.25 21.25 62.50 131.25
Dep 62.5 46.875 35.15625 26.36719
OPBT -143.75 -25.63 27.34 104.88
Tax -50.3125 -8.96875 9.570313 36.70898
NOPAT -93.44 -16.66 17.77 68.17
OCF -30.94 30.22 52.93 94.54
WC req 26.25 36.75 52.5 78.75 94.5
Change inwc 10.5 15.75 26.25 15.75
Sale of plant
CF -276.25 -41.44 14.47 26.68 78.79
 3 4 5 6 7
35.15625 26.36719 19.77539 14.83154 11.12366
105.47 79.10 59.33 44.49 33.37

5 6 7

0.9 1 1
630 700 700
382.5 425 425
247.5 275 275
75.00 75.00 75.00
172.50 200.00 200.00
19.77539 14.83154 11.12366
152.72 185.17 188.88
53.45361 64.80896 66.10672
99.27 120.36 122.77
119.05 135.19 133.89
105 105
10.5 0 -105
27.92984
108.55 135.19 266.82
 k NPV
0 -17000 0.01 ₹ -4,044.77
1 16000 0.02 ₹ -3,174.34
2 16000 0.03 ₹ -2,382.08
3 16000 0.04 ₹ -1,661.89
4 16000 0.05 ₹ -1,008.15
5 -52000 0.06 ₹ -415.74
6.77% 0.07 ₹ 120.10
8.25% 0.08 ₹ 603.70
₹ 603.70 0.09 ₹ 1,039.09
0.1 ₹ 1,429.94
0.11 ₹ 1,779.66
0.12 ₹ 2,091.39
0.13 ₹ 2,368.02
0.14 ₹ 2,612.23
0.15 ₹ 2,826.46
0.16 ₹ 3,013.01
0.17 ₹ 3,173.98
0.18 ₹ 3,311.31
0.19 ₹ 3,426.80
0.2 ₹ 3,522.12
0.21 ₹ 3,598.81
0.22 ₹ 3,658.29
0.23 ₹ 3,701.89
0.24 ₹ 3,730.82
0.25 ₹ 3,746.24
0.26 ₹ 3,749.18
0.27 ₹ 3,740.63
0.28 ₹ 3,721.49
0.29 ₹ 3,692.60
0.3 ₹ 3,654.74
0.31 ₹ 3,608.63
0.32 ₹ 3,554.95
0.33 ₹ 3,494.31
0.34 ₹ 3,427.30
0.35 ₹ 3,354.46
0.36 ₹ 3,276.29
0.37 ₹ 3,193.25
0.38 ₹ 3,105.77
0.39 ₹ 3,014.26
0.4 ₹ 2,919.08
0.41 ₹ 2,820.59
0.42 ₹ 2,719.10
0.43 ₹ 2,614.92
0.44 ₹ 2,508.33
0.45 ₹ 2,399.57
0.46 ₹ 2,288.90
0.47 ₹ 2,176.54
0.48 ₹ 2,062.68
0.49 ₹ 1,947.54
0.5 ₹ 1,831.28
0.51 ₹ 1,714.07
0.52 ₹ 1,596.06
0.53 ₹ 1,477.40
0.54 ₹ 1,358.23
0.55 ₹ 1,238.65
0.56 ₹ 1,118.80
0.57 ₹ 998.76
0.58 ₹ 878.65
0.59 ₹ 758.55
0.6 ₹ 638.55
0.61 ₹ 518.72
0.62 ₹ 399.13
0.63 ₹ 279.85
0.64 ₹ 160.95
0.65 ₹ 42.46
0.66 ₹ -75.54
0.67 ₹ -193.02
0.68 ₹ -309.93
0.69 ₹ -426.23
0.7 ₹ -541.89
0.71 ₹ -656.87
0.72 ₹ -771.15
0.73 ₹ -884.69
0.74 ₹ -997.48
0.75 ₹ -1,109.48
0.76 ₹ -1,220.68
0.77 ₹ -1,331.06
0.78 ₹ -1,440.61
0.79 ₹ -1,549.31
0.8 ₹ -1,657.15
0.81 ₹ -1,764.12
0.82 ₹ -1,870.20
0.83 ₹ -1,975.40
0.84 ₹ -2,079.70
0.85 ₹ -2,183.10
0.86 ₹ -2,285.59
0.87 ₹ -2,387.17
0.88 ₹ -2,487.85
0.89 ₹ -2,587.61
0.9 ₹ -2,686.45
0.91 ₹ -2,784.39
0.92 ₹ -2,881.41
0.93 ₹ -2,977.51
0.94 ₹ -3,072.71
0.95 ₹ -3,167.01
0.96 ₹ -3,260.40
0.97 ₹ -3,352.89
0.98 ₹ -3,444.48
0.99 ₹ -3,535.18
1 ₹ -3,625.00
 Quantity 80000 100000 110000 121000
Cost 7000 7000 7000 7000
Revenue 8500 8500 8500 8500

0 1 2 3 4
Capital 360000000
Sales 680000000 850000000 935000000 1028500000
Variable Cost 560000000 700000000 770000000 847000000
Fixed Cost 20000000 20000000 20000000 20000000
EBITDA 100000000 130000000 145000000 161500000
Depreciation 90000000 67500000 50625000 37968750
Interest 1200000 1500000 1650000 1815000
EBT 8800000 61000000 92725000 121716250
Tax 4400000 30500000 46362500 60858125
EAT 4400000 30500000 46362500 60858125
OCF 94400000 98000000 96987500 98826875
WC Req ₹ 30,000,000.00 37500000 41250000 45375000 45375000
Change in WC 7500000 3750000 4125000 0
Sale of plant
CF -390000000 86900000 94250000 92862500 98826875

₹ 45,216,703.09 13.81%
 121000
7000
8500 Depreciati 90000000 67500000 50625000 37968750 28476562.5
Value 270000000 202500000 151875000 113906250 85429687.5
5
4570312.5
1028500000 1.25 2285156.25
847000000 87714843.8
20000000
161500000
28476562.5
1815000 120000000
131208438
65604218.8
65604218.8
94080781.3

-45375000
87714843.8 2285156.3
227170625 1142578.1 86572266
87714844
Microsoft Excel 16.0 Sensitivity Report
Worksheet: [Sec D Workings.xlsx]Sheet8
Report Created: 26-12-2019 22:01:23

Variable Cells
Final Reduced Objective Allowable Allowable
Cell Name Value Cost Coefficient Increase Decrease
$Q$6 Houston Houston 0 0 0 0 1E+030
$R$6 Houston Chicago 123 5 197 1E+030 5
$S$6 Houston Miami 80 18 110 1E+030 18
$T$6 Houston Phoenix 110 120 125 1E+030 120
$Q$7 Chicago Houston 84 0 190 5 18
$R$7 Chicago Chicago 0 0 0 0 1E+030
$S$7 Chicago Miami 94 0 282 18 92
$T$7 Chicago Phoenix 62 0 195 120 5
$Q$8 Miami Houston 72 8 108 1E+030 8
$R$8 Miami Chicago 100 0 292 8 100
$S$8 Miami Miami 0 0 0 0 1E+030
$T$8 Miami Phoenix 68 133 238 1E+030 133
$Q$9 Phoenix Houston 115 110 110 1E+030 110
$R$9 Phoenix Chicago 17 0 192 5 8
$S$9 Phoenix Miami 66 138 230 1E+030 138
$T$9 Phoenix Phoenix 0 0 0 0 1E+030

Constraints
Final Shadow Constraint Allowable Allowable
Cell Name Value Price R.H. Side Increase Decrease
$E$13 C-H Houston 240 190 240 46 84
$E$14 M-H Houston 240 100 240 5 42
$E$15 P-H Houston 198 0 240 1E+030 42
$E$16 H-C Houston 240 192 240 42 17
$E$17 H-M Houston 240 92 240 4 46
$E$18 H-P Houston 240 5 240 26 46
Cost Houston Chicago Miami Phoenix Demand
Houston 0 123 80 110 Houston
Chicago 130 0 98 88 Chicago
Miami 72 105 0 68 Miami
Phoenix 115 90 66 0 Phoenix

Revenue 67783

C-H 316 <= 316

M-H 245 <= 316
P-H 269 <= 316
H-C 316 <= 316
H-M 244 <= 316
H-P 266 <= 316
Houston Chicago Miami Phoenix Decision VaHouston Chicago Miami Phoenix
0 197 110 125 Houston 0 123 80 110
190 0 282 195 Chicago 130 0 98 88
108 292 0 238 Miami 72 105 0 68
110 192 230 0 Phoenix 115 88 66 0
Seat 316
 g 2.742%
k 9%
N CF FV of CF
1 25000 45700.978
2 25685.55 43077.2318
3 26389.89 40604.1179
4 27113.55 38272.9884
5 27857.05 36075.6917
6 28620.94 34004.5443
7 29405.78 32052.304
8 30212.14 30212.144
300000.00
 k 0.17
k NPVa
0.01 $376.38
N CF DCF N CF DCF 0.015 $364.86
0 -1000 -1000 0 -1000 -1000 0.02 $353.51
1 800 683.7607 1 100 85.47009 0.025 $342.35
2 300 219.1541 2 400 292.2054 0.03 $331.35
3 200 124.8741 3 500 312.1853 0.035 $320.53
4 100 53.365 4 800 426.92 0.04 $309.88
0.045 $299.38
81.15387 116.7808 0.05 $289.05
NPV $81.15 $116.78 0.055 $278.87
IRR 22.99% 21.46% 0.06 $268.85
0.065 $258.97
0.07 $249.24
Chart Title 0.075 $239.66
0.08 $230.21
$800.00
$700.00
0.085 $220.90
$600.00
0.09 $211.73
$500.00 0.095 $202.69
$400.00 0.1 $193.77
$300.00 0.105 $184.98
$200.00 0.11 $176.32
$100.00 0.115 $167.78
$0.00 0.12 $159.35
0 0.05 0.1 0.15 0.2 0.25 0.3
($100.00) 0.125 $151.04
($200.00) 0.13 $142.85
NPVa NPVb 0.135 $134.77
0.14 $126.80
0.145 $118.93
0.15 $111.17
0.155 $103.52
0.16 $95.96
0.165 $88.51
0.17 $81.15
0.175 $73.89
0.18 $66.73
0.185 $59.65
0.19 $52.67
0.195 $45.77
0.2 $38.97
0.205 $32.24
0.21 $25.61
0.215 $19.05
0.22 $12.58
0.225 $6.18
 0.23 ($0.13)
0.235 ($6.37)
0.24 ($12.53)
0.245 ($18.62)
0.25 ($24.64)
0.255 ($30.58)
0.26 ($36.46)
NPVb
$745.21
$718.69
$692.74
$667.35
$642.49
$618.15
$594.32
$570.98
$548.13
$525.75
$503.82
$482.34
$461.30
$440.68
$420.47
$400.66
$381.25
$362.21
$343.56
$325.26
$307.32
$289.72
$272.47
$255.54
$238.93
$222.64
$206.66
$190.97
$175.57
$160.47
$145.63
$131.07
$116.78
$102.75
$88.97
$75.43
$62.14
$49.09
$36.27
$23.67
$11.29
($0.87)
($12.82)
($24.56)
 ($36.10)
($47.44)
($58.59)
($69.55)
($80.32)
($90.91)
($101.33)