TZEdge Project Financing Options

Annual Periodic
Periods Interest Duration Payment Present
OPTION per Year Rate in Years (PMT) Value (PV)
(1) CtrBank Loan 4 8.0% 5.00 $ (61,157) $ 1,000,000
(2) Emergency Fund 12 3.5% 2.00 - (900,000)
(3) Delay Project & Use Profits 12 4.0% 1.50 (50,000) (69,736)
(4a) NWN w/$150,000 Payments 2 8.5% 4.00 (150,000) 1,000,000
(4b) NWN loan at 6.5% Rate 4 6.5% 2.91 (95,000) 1,000,000

(380.000) . (300.$ (244.000 .000.627) 965.000) . Annual Future Value Loan (FV) Payments $ .159 1.