A B D F 1 2 E Units Unit Costs Selling Price 48000 0.94 G . 52000 56000 0.95 0.96 1.81 1.84 2010 2011 94,120.00 $ 103,040.00 1.77 4 New Project Revenue Exhibit 5 Exhibit 5 $ 2009 84,960.00 $ 57,817.0 7.75% Production Expenses 1% Raw Materials 3.00% Manufacturing Overhead 3% Maintenance Expense $ $ $ 45,120.00 $ 3,600.00 $ 2,250.00 $ 49,400.00 $ 3,708.00 $ 2,317.50 $ 53,760.00 3,819.24 2,387.03 5 6 7 Cost to Expand 8 Interest Exp 9 10 Depreciation 11 12 Tax Rate 13 14 15 NPV Discount 16 4,000 40% Exhibit 5 Labor Expense $ 18,640.00 $ 20,233.30 $ 22,842.40 $ 7.75% 7.80% Selling General and Admin Total Operating Expense EBITDA 6,626.88 $ 76,236.88 $ 8,723.12 $ 7,341.36 $ 83,000.16 $ 11,119.84 $ 8,037.12 90,845.79 12,194.22 $ 17 Flat Depreciation EBIT $ $ 4,000.00 $ 4,723.12 $ 4,000.00 $ 7,119.84 $ 4,000.00 8,194.22 18 19 20 21 Flat Interest Expense EBT $ $ 4,480.82 $ 242.30 $ 4,480.82 $ 2,639.02 $ 4,480.82 3,713.40 22 23 24 Calc Taxes Net Profit $ $ 96.92 $ 145.38 $ 1,055.61 $ 1,583.41 $ 1,485.36 2,228.04 25 26 27 Flat Add Depreciation Total Cash Flo $ -57,817,0 $ 4,000.00 $ 4,145.38 $ 4,000.00 $ 5,583.41 $ 4,000.00 6,228.04 28 29 30 31 32 NPV IRR J K L M N 60000 64000 68000 68000 68000 68000 68000 0.97 0.98 0.99 1 1.01 1.02 1.03 1.88 1.92 1.95 1.99 2.03 2.07 2.12 2012 2013 2014 2015 2016 2017 2018 $ 112,800.00 $ 122,880.00 $ 132,600.00 $ 135,320.00 $ 138,040.00 $ 140,760.00 $ 144,160.00 $ $ $ 58,200.00 $ 3,933.82 $ 2,458.64 $ 62,720.00 $ 4,051.83 $ 2,532.39 $ 67,320.00 $ 4,173.39 $ 2,608.37 $ 68,000.00 $ 4,298.59 $ 2,686.62 $ 68,680.00 $ 4,427.55 $ 2,767.22 $ 69,360.00 $ 4,560.37 $ 2,850.23 $ 70,040.00 4,697.18 2,935.74 $ 25,254.60 $ 28,174.80 $ 30,888.50 $ 31,969.60 $ 33,088.50 $ 34,246.60 $ 35,445.20 $ $ $ 8,798.40 $ 9,584.64 $ 10,342.80 $ 10,554.96 $ 10,767.12 $ 10,979.28 $ 11,244.48 98,645.45 $ 107,063.67 $ 115,333.05 $ 117,509.77 $ 119,730.38 $ 121,996.48 $ 124,362.60 14,154.55 $ 15,816.33 $ 17,266.95 $ 17,810.23 $ 18,309.62 $ 18,763.52 $ 19,797.40 $ $ 4,000.00 $ 10,154.55 $ 4,000.00 $ 11,816.33 $ 4,000.00 $ 13,266.95 $ 4,000.00 $ 13,810.23 $ 4,000.00 $ 14,309.62 $ 4,000.00 $ 14,763.52 $ 4,000.00 15,797.40 $ $ 4,480.82 $ 5,673.73 $ 4,480.82 $ 7,335.51 $ 4,480.82 $ 8,786.13 $ 4,480.82 $ 9,329.41 $ 4,480.82 $ 9,828.80 $ 4,480.82 $ 10,282.70 $ 4,480.82 11,316.58 $ $ 2,269.49 $ 3,404.24 $ 2,934.21 $ 4,401.31 $ 3,514.45 $ 5,271.68 $ 3,731.77 $ 5,597.65 $ 3,931.52 $ 5,897.28 $ 4,113.08 $ 6,169.62 $ 4,526.63 6,789.95 $ $ 4,000.00 $ 7,404.24 $ 4,000.00 $ 8,401.31 $ 4,000.00 $ 9,271.68 $ 4,000.00 $ 9,597.65 $ 4,000.00 $ 9,897.28 $ 4,000.00 $ 10,169.62 $ 4,000.00 10,789.95
