Burnout
Initial Cost		36
Operating Cost (yearly)		100.00
Tax Rate		21%
Required Return		15%
Number of Years		3
Depreciation Calculation:
Initial Cost
salvage
Depreciable Base
Depreciation
Operating Cash Flow Calculation:
Operating Cost
Depreciation
Total Cost
Tax
After-Tax Cost
Depreciation
OCF
Cash Flows from Assets:
Year		0	1	2	3
OCF
NCS
NWC
CFFA
Present Value	15%
Net Present Value
Equivalent Payments or Annual Costs
PV
FV
I/Y
N
CPT PMT

Please show calculations.