Exercise 5-3 Completefinancialplan The following situation describes two investment alternatives:

AK Rasant SM Samurai Initial outlay 9,000 14,000 PVA 1.8594 2.7232 Cash flow per period 7,400 8,100 Net present value 4,760 8,058 Difference between net present values 3,298 Set up a complete financial plan for the investment of the SM Samurai under the following conditions: The investment is financed with € 5,000 equity, the difference is financed by a loan at 6 %, credit interest 5 %. The repayment of the loan occurs at three equal annual rates, beginning at the end of the first year.