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WEBMASTERS.

COM CASE SOLUTION

CAPEX
Op WC
Sales
Fixed Cost
Variable Cost
Depreciation
EBIT
Taxes
NOPAT
Add back Deprcn
Less Capex
Less Change in WC
FCFF
Terminal/Residual Value
Liquidation/Recovery Of WC
Total Cash Flow
NPV
IRR

0
10000000

10000000
-10000000

-10000000
$1,643,454.56
14%

3000000
24000000 24000000 24000000 24000000
1000000 1000000 1000000 1000000
17500000 17500000 17500000 17500000
2000000 3200000 1900000 1200000
3500000 2300000 3600000 4300000
1400000
920000 1440000 1720000
2100000 1380000 2160000 2580000
2000000 3200000 1900000 1200000
0
0
0
0
3000000
0 1100000 4580000 4060000 3780000
500000
3000000
0 1100000 4580000 4060000 7280000

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