FBE case 1

FBE case 1 - Projectyear Calendaryear Sales Cost of good...

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Project year 0 1 2 Calendar year 2008 2009 2010  Sales   $124,320,000   $137,373,600  - Cost of good sold  $84,384,000   $92,409,120  - Depreciation  $7,306,667   $7,306,667  - Maintenance expense  $6,600,000   $6,600,000  - Sales and marketing expense  $8,080,800   $8,929,284  - General & Adminstrative expense  $1,000,000   $1,030,000  = Net operating profit before tax $16,948,533 $21,098,529 - Taxes (40%) $6,779,413 $8,439,412 = Net operating profit after tax $10,169,120 $12,659,118 + Depreciation  $7,306,667   $7,306,667  $17,475,787 $19,965,784 + Working capital  $22,262,795   $24,531,741  = Sub total $39,738,581 $44,497,526 undiscounted terminal value $933,462,498 present discounted terminal value $359,890,202 initial investment $148,000,000 net present value $199,509,915.0 discount rate 10.0% net present value $0.0 IRR 32.5%
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3 4 5 6 7 2011 2012 2013 2014 2015  $150,899,616   $164,911,723   $179,423,955   $194,450,711   $198,339,725 
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FBE case 1 - Projectyear Calendaryear Sales Cost of good...

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