0 1 2 3 4

Revenue 53.5 56 60 55
Depreciation Expenses 14 11.2 8.96 7.168
Profit from Sale of equip
Wages 10 10 10 10
Leasing expenses 10 10 10 10

Profit before tax 19.5 24.8 31.04 27.832

Tax 5.46 6.944 8.6912 7.79296
Profit 14.04 17.856 22.3488 20.03904

Cash Flows
Net Income 14.04 17.856 22.3488 20.03904
Add Depreciation 14 11.2 8.96 7.168
Cash Flow from Operations 28.04 29.056 31.3088 27.20704
Working Capital -8
Investment
Mining Equipment -70

net cash flows -70 20.04 29.056 31.3088 27.20704

 5 6
50 47.5
5.7344 4.58752
3.670016
10 10
10 10

24.2656 26.582496
6.794368 7.44309888
17.471232 19.13939712

17.471232 19.13939712
5.7344 4.58752
23.205632 23.72691712
8

23.205632 31.72691712