Given the Free Cash Flow Leveraged included in the Excel Spread Sheep attached (Assignment 5 Empty), and knowing that the minimum Annual Debt Service Coverage Ratio accepted by the financial institutions is 1.25.

How many years will be necessary to pay back a 650,38 million project finance loan (interest rate 4%)?

What will be the loan reimbursement and interest paid over the loan term?

Minimum ADSCR	1.25
Outstanding amount (beginning)	4%
Loan profile
Million Euros	total	0	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20
Loan drawdown	630.38	650.38
% of the loan reimbursed (-)	-		-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
-Outstanding amount (beginning)		0
Outstanding amount (end)		650.38
Interest rate paid	-234.12
		0	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20
Free Cash Flow leveraged			59.19	60.94	62.76	64.65	66.60	68.62	70.72	72.89	75.14	77.47	79.89	82.39	84.98	87.66	90.44	93.32	96.30	99.39	102.59	105.90
Debt Service (+)
ADSCR			-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-