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0 1 2 3 4 EBIT 10 10 10 10 Interest (5%) -4.0 -4.0 -3.0 -2.0 Earning Before Taxes 6.0 6.0 7.0 8.0 Taxes
0 1 2 3 4 EBIT 10 10 10 10 Interest (5%) -4.0 -4.0 -3.0 -2.0 Earning Before Taxes 6.0 6.0 7.0 8.0 Taxes (40%) -2.4 -2.4 -2.8 -3.2 Net Income 3.6 3.6 4.2 4.8 Depreciation 25.0 25.0 25.0 25.0 Cap Ex -80.0 Additions to NWC -20.0 20.0
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