Sales Revenue C.O.G.S. Other Costs Depreciation Pre-Tax Profit Tax at 34.4% After Tax Profit 40.0 9.2 15.5 11.9 3.4 0.0 3.4 51.3 17.4 15.5 11.9 6.5 2.2 4.3 89.1 30.3 5.2 11.9 41.7 14.3 27.4 81.0 27.5 5.2 11.9 36.4 12.5 23.9 62.1 21.1 5.2 11.9 23.9 8.2 15.7 37.8 12.9 5.2 11.9 7.8 2.7 5.1 0 Adjustments: +/-Net change Work Cap Add Back Deprec - Cap Expend -83.5 3.4 4.3 27.4 23.9 15.7 5.1 Cash Flow NPV of Cash Flow TOTAL NPV -83.5 -83.5 0 4.4 7.6 6.9 5.3 3.2 2.5 Worksheet Working Capital Curr Assets-Curr Liabil Net Change Work 0 -4.4 -3.2 0.7 1.6 2.1 0.7 Capital Expenditure -83.5 WACC = 11% Sales Revenue C.O.G.S. Other Costs Depreciation Pre-Tax Profit Tax at 34.4% After Tax Profit 40.0 9.2 15.5 11.9 3.4 0.0 3.4 51.3 17.4 15.5 11.9 6.5 2.2 4.3 89.1 30.3 5.2 11.9 41.7 14.3 27.4 81.0 27.5 5.2 11.9 36.4 12.5 23.9 62.1 21.1 5.2 11.9 23.9 8.2 15.7 37.8 12.9 5.2 11.9 7.8 2.7 5.1 0 Adjustments: +/-Net change Work Cap Add Back Deprec - Cap Expend -83.5 3.4 4.3 27.4 23.9 15.7 5.1 Cash Flow NPV of Cash Flow TOTAL NPV -83.5 -83.5 0 4.4 7.6 6.9 5.3 3.2 2.5 Worksheet Working Capital Curr Assets-Curr Liabil Net Change Work 0 -4.4 -3.2 0.7 1.6 2.1 0.7 Capital Expenditure -83.5 WACC = 11%