Assume you are running a business. In the beginning, you need to invest 300,000, which is used for financing fixed assets that will be depreciated using the straight-line method of 10%. In the first year, you forecast 1,000,000 revenues, the cost of goods and services is 80%( revenue). The fixed cost (administration and sales), excluding depreciation, is 150,000. The company will pay 20% income tax. It is assumed that customers will pay (on average) every 20 days, inventory cycle (to the cost of goods and services sold) is equal 36 days. Trade liabilities will be settled within 14 days and calculated based on the cost of goods and services sold A new sales strategy is planned for the next year: The analyses show that extending the payment terms for customers by one week will increase the rate of selling by 10%. As a result of strong competition between suppliers, it is possible to reduce the cost of goods sold to 50% of revenues. Trade liabilities cycle increase to 60 days. You need to purchase fixed assets worth PLN 400,000 additionally. (Investment at the end of the first year). The purchase will be made entirely on a 8% interest-bearing loan. At the end of the second year, you will have to repay 200,000 principal.