CHAPTER THREE: Investment Analysis This part concentrate on the post period of your investment i.e. expected annual cash inflow (e.g. periodical income, rent and benefits) and cash outflow (e.g. periodic maintenance cost, operating costs, tax expenses) based on historical performance and current benchmarking performance in the industry. You are required to state the estimated cash flow providing the rational in which the estimated values are adopted. The second part of the post investment analysis will focus sensitive analysis and scenario analysis in which it will highlight the expected impact of changes in demand, inflation, tax rate, and depreciation rate on estimated cash inflow and outflow during the estimated life of the investment.