1) Life Period of the Equipment = 4 years				8) Sales for first year (1)			$ 200,000
2) New equipment cost			($200,000)	9) Sales increase per year			5%
3) Equipment ship & install cost			($35,000)	10) Operating cost (60% of Sales)			$ (120,000)
4) Related start up cost			($5,000)	(as a percent of sales in Year 1)			-60%
5) Inventory increase			$25,000	11) Depreciation			Use 3-yr MACRIS
6) Accounts Payable increase			$5,000	12) Marginal Corporate Tax Rate (T)			35%
7) Equip. salvage value before tax			$15,000	13) Cost of Capital (Discount Rate)			10%

Investments:
1) Equipment cost
2) Shipping and Install cost
3) Start up expenses
Total Basis Cost (1+2+3)			$ -
4) Net Working Capital
Total Initial Outlay			$ -

Operations:
Sales
Operating Cost		negative				$ -	$ -
Depreciation				$ -	$ -	$ -	$ -
EBIT				$ -	$ -	$ -	$ -
Taxes				$ -	$ -	$ -	$ -
Net Income				$ -	$ -	$ -	$ -
Add back Depreciation				$ -	$ -	$ -	$ -
Total Operating Cash Flow				$ -	$ -	$ -	$ -

Terminal values:
1) Change in net WC
2) Salvage value (after tax)
Total							$ -
Project Net Cash Flows			$ -	$ -	$ -	$ -	$ -
NPV =	$0.00		IRR =	#NUM!		Payback=	0.00
Profitability Index =			#DIV/0!		Discounted Payback =		0.00

Payback Period
Year	Projected CF	Cummulative CF	Count
0	$ -	$ -
1	$ -	$ -
2	$ -	$ -
3	$ -	$ -
4	$ -	$ -
	Payback period		0.00	years

Discounted Payback Period
		Present Value
Year	Projected CF	Discount factor	Discounted CF	Cummulative CF	Count
0	$ -	1	$0	$ -
1	$ -		$0	$ -
2	$ -		$0	$ -
3	$ -		$0	$ -
4	$ -		$0	$ -
	Payback period				0.00	years