The (summarized) cash flows using monthly discounting are as follows: Tax is calculated as 40% . (EBIT
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The (summarized) cash flows using monthly discounting are as follows:
Tax is calculated as 40% . (EBIT − Depreciation − Interest Expense). For discounting, this uses a 1%
monthly rate for project cash flows and taxes, and an 0.83% rate for the loan.
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