VALUATION ISSUES - UNITARY PAYMENT (3/3) The unitary payment of the first year that makes NPV for sponsors positive is $37,62M NPV SPONSORS = -Equity Contribution + EV - Debt >0 E50K E102M V-= APV = V+ PVTS UCF NOPLAT Depreciation Capex MRP Unlev. Both of Hospital Revenues Expensed Costs Amortized Capital Capitalised Costs Average EUR SWED 2Dy and Public Housing - MRP for Europe singa Costs and 30y Rivan that tha project Edto 2by Social Infrastructure Ex 1800 to reduce noise Schools Unitary Payment E37.62M