2014

Income
Depreciation
Cash Flow (EBT)
Tax @ 35%
Cash Flow
Add Back Depreciation
Cash Flow
Salvage Value
Tax on Salvage Value
Final Cash Flow
NPV
Payback Period

8700000
-1001000
7699000
-2694650
5004350
1001000
6005350

2015
2016
2017
2018
2019
2020
2021
9135000 9591750 10071338 10574904 11103649.6 11658832 12241774
-1715000 -1225000
-875000
-623000
-623000
-315000
0
7420000 8366750 9196337.5 9951904 10480649.6 11343832 12241774
-2597000 -2928363 -3218718 -3483167 -3668227.36 -3970341 -4284621
4823000 5438388 5977619 6468738 6812422.24 7373490.8 7957153
1715000 1225000
875000
623000
623000
315000
0
6538000 6663388 6852619 7091738 7435422.24 7688490.8 7957153

6005350
6538000
5459409.1 5403305.8

6663388
5006302

6852619
4680431

7091738 7435422.24 7688490.8

4403411 4197102.01 3945411.5

7957153
3712071

2022
2023
12853862 13496555
0
0
12853862 13496555
-4498852 -4723794.4
8355011 8772761.06
0
0
8355011 8772761.06
2000000
-700000
8355011 10072761
3543340 3883485.43

4E+007
2 Years