Cost of buses

Deprecited over five years

salvage value

80000
16000
10000

Parchased buses in 2018

cost of new buses
depriciated over five years
salvage value

100000
20000
12000

Year
Ticket price
no of student
annual growth

Discount rate
tax rate
initial investment as NWC
Annual growth in sale
ticket price
numbe rof students

2014
900
100
5%

2015
945
100
5%

2016
992
100
5%

2017
1042
100
5%

total sales

90000

94500

99225

104186

Cost
cost of the fuel for bus 1
annual increase in fuel cost
Driver cost for driver
Total cost

10000
10%
12000
22000

11000
10%
12000
23000

12100
10%
12000
24100

13310
10%
12000
25310

Gross profit

68000

71500

75125

78876

Dep
dep of new parchsed bus
total dep
Maintance cost
increasing by
Rent
inflation rate for rent
manager salies
% increased in salary
Comunication cost
increased each year in cc

16000

16000

16000

16000

16000
4000
2%
12000

16000
4080
2%
12360
3%
16800
5%
1020
2%

16000
4162
2%
12731
3%
17640
5%
1040
2%

16000
4245
2%
13113
3%
18522
5%
1061
2%

total op
total operating income (ebit)

49000
19000

50260
21240

51573
23552

52941
25935

tax rate
income taxabel
net income

20%
3800
15200

20%
4248
16992

20%
4710
18842

20%
5187
20748

15200
16000

16992
16000

18842
16000

20748
16000

20000

21000

22050

23153

Operating cost

Free cash flow

Ebit
Dep
capex
NWC

16000
1000

change in Nwc
FCF
No of year
Discount rate
pv of cash flow
sum of pv of cash flow
pv of salvag value

20000
11200

1000
31992

1050
33792

1103
35646

1
10%
10182
272015

31992

33792

35646

10%
20%
20000
5%
900
100

2018
1094
100
5%

cost of fules
driver cost

2019
1149
100
5%

2020
1206
100
5%

10000
12000

2021
1266
100
5%

2022
1330
100
5%

2023
1396
100
5%

109395.56 114865.34 120608.608 126639.04 132970.99 139619.539

14641
10%
12000
26641

16105
10%
12000
28105

17716
10%
12000
29716

19487
10%
12000
31487

21436
10%
12000
33436

23579
10%
12000
35579

82755

86760

90893

95152

99535

104040

20000
20000
4330
2%
13506
3%
19448
5%
1082
2%

20000
20000
4416
2%
13911
3%
20421
5%
1104
2%

20000
20000
4505
2%
14329
3%
21442
5%
1126
2%

20000
20000
4595
2%
14758
3%
22514
5%
1149
2%

20000
20000
4687
2%
15201
3%
23639
5%
1172
2%

58366
24388

59852
26908

61401
29492

63016
32136

64699
34836

20000
20000
4780
2%
15657
3%
24821
5%
1195
2%
66454

37586

20%
4878
19511

20%
5382
21526

20%
5898
23594

20%
6427
25709

20%
6967
27869

20%
7517
30069

19511
20000
100000
24310

21526
20000

23594
20000

25709
20000

27869
20000

30069
20000

25526

26802

28142

29549

31027

1158
-61647

1216
40311

1276
42317

1340
44369

1407
46462

1477
48591

10

-61647

40311

42317

44369

46462

48591