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WC Tax rate Life Initial Cost 645000 6 -42000 0.3 Rev-Costs 197000 Req. Return 0.09 Year Year 1 Year 2 Year 3 Year 5 Year

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WC Tax rate Life Initial Cost 645000 6 -42000 0.3 Rev-Costs 197000 Req. Return 0.09 Year Year 1 Year 2 Year 3 Year 5 Year 6 Year 4 OperMargin Deprec EBIT Tax Net Income OCF NCS ANWC CFAT Salvage V. Undeps. SVAT WC Tax rate Life Initial Cost 645000 6 -42000 0.3 Rev-Costs 197000 Req. Return 0.09 Year Year 1 Year 2 Year 3 Year 5 Year 6 Year 4 OperMargin Deprec EBIT Tax Net Income OCF NCS ANWC CFAT Salvage V. Undeps. SVAT

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