The company's plans to build a new factory iridescent tiletypeswith the following information:

Design capacity (million pieces) 10

Estimated investment capital (VND billion) 5

Labor (people) 35

Project analysis period (years) 5

Devices:

Categories Value (VND)

Furnace 450

Brick extrusion line 170

Lifting machine 30

Electric equipment 100

installation 50

Commissioning 70

Construction of workshops:

Categories (Vnd)

Drying yard 200

Factory 600

Rustic brick warehouse 200

Product storage 200

Investment in land purchase(millionVND) 2000

Production materials (million VND):

Categories: 1 year 2nd year 3rd year Year 4 Years 5-10

Soil + additives 120 135 150 170 180

Coal 150 175 200 220 230

electricity 120 135 150 170 180

Expense management - operation

Indirect salary 130 160 180 200 220

Direct salary 220 240 250 260 270

Sell 30 30 20 20 20

Maintenance-repair 10 10 20 20 20

Other insurance-utilities: 20 20 20 20 20

Investor's capital: 3 billion

Loan amount: 2 billion, repayable in 5 years (from 2021 to2025)

Interest 6% / year

Other data

- Fixed assets are depreciated in 05 years, the remaining value = 20% of the initial value liquidated in the 5th year.

- Exemption from income tax for the first 3 years, reduction of 50% for the next 2 years, the tax rate of 25%

- Forecast of an annual increase in land price of 20%/ year

- The discount rate (r): determined from forecasts based on savings deposit interest rate intheyearthroughofthebankssuch asVietcombank, Agribank, ....

Reference sales in the last 5 yearsfor brick products(Tr)

Year 2015 2016 2017 2018 2019

Revenue 1,450 1,650 1,900 2,100 2,300

Year 0 of the project: year of factory building, 2020.

Question:

1. Determining fixed capital and working capital of the project?

2. Determining initial investment capital and operating capital for 5 years (2021-2025)?

3. Revenue forecasting (using forecasting function) and profit-loss accounting for 5 years (2021-2025)?

4. Determining the project's net cashflow (from year 0)?

5. Should investment in projects (DPP, ARR, NPV, IRR) or bring 3 billion financial investments with a 15% annual profitto other companiesbe more profitable?

6. Assess the risk of the project?