1 1 1.120 1.140 1.

150
1 2 1.120 1.140 1.150
1 3 1.120 1.140 1.150
1 4 1.120 1.140 1.150
1 5 1.120 1.140 1.150
1 6 1.120 1.140 1.150
1 7 1.120 1.140 1.150
1 8 1.120 1.140 1.150
1 9 1.120 1.140 1.150
1 10 1.120 1.140 1.150
1 11 1.120 1.140 1.150
1 12 1.120 1.140 1.150
1 13 1.120 1.140 1.150
1 14 1.120 1.140 1.150
1 15 1.120 1.140 1.150
1 16 1.120 1.140 1.150
1 17 1.120 1.140 1.150
1 18 1.120 1.140 1.150
1 19 1.120 1.140 1.150
1 20 1.120 1.140 1.150
1 21 1.120 1.140 1.150
1 22 1.120 1.140 1.150
1 23 1.120 1.140 1.150
1 24 1.120 1.140 1.150
1 25 1.120 1.140 1.150
1 26 1.120 1.140 1.150
1 27 1.120 1.140 1.150

VNA a=12 a=14 a=15

-507791 -453,384.821 -445,430.702 -441,557.391
-746896 -595,420.918 -574,712.219 -564,760.681
225402 160,436.691 152,139.930 148,205.474
225402 143,247.046 133,456.079 128,874.325
225402 127,899.148 117,066.736 112,064.630
225402 114,195.668 102,690.119 97,447.505
225402 101,960.418 90,079.052 84,736.961
225402 91,036.087 79,016.712 73,684.314
225402 81,282.221 69,312.905 64,073.316
225402 72,573.411 60,800.794 55,715.927
225402 64,797.689 53,334.030 48,448.632
225402 57,855.079 46,784.237 42,129.245
225402 51,656.321 41,038.804 36,634.126
225402 46,121.715 35,998.951 31,855.762
225402 41,180.103 31,578.027 27,700.663
225402 36,767.949 27,700.024 24,087.533
 225402 32,828.526 24,298.267 20,945.681
225402 29,311.184 21,314.269 18,213.635
225402 26,170.700 18,696.727 15,837.944
225402 23,366.696 16,400.638 13,772.125
225402 20,863.122 14,386.524 11,975.761
225402 18,627.787 12,619.758 10,413.705
225402 16,631.953 11,069.963 9,055.396
225402 14,849.958 9,710.494 7,874.257
225402 13,258.891 8,517.977 6,847.180
225402 11,838.295 7,471.910 5,954.070
225402 10,569.907 6,554.307 5,177.452

Total 360,520.824 171,894.314 95,407.548

Venituri actualizate a=12 a=14 a=15
128170 114,437.500 112,429.825 111,452.174
125224 99,827.806 96,355.802 94,687.335
256340 182,457.749 173,022.198 168,547.711
256340 162,908.704 151,773.858 146,563.227
256340 145,454.200 133,134.963 127,446.284
256340 129,869.822 116,785.056 110,822.856
256340 115,955.198 102,443.031 96,367.701
256340 103,531.427 89,862.308 83,798.001
256340 92,438.774 78,826.586 72,867.827
256340 82,534.619 69,146.128 63,363.328
256340 73,691.625 60,654.498 55,098.546
256340 65,796.093 53,205.700 47,911.779
256340 58,746.512 46,671.667 41,662.416
256340 52,452.243 40,940.059 36,228.188
256340 46,832.360 35,912.332 31,502.772
256340 41,814.607 31,502.046 27,393.715
256340 37,334.470 27,633.374 23,820.622
256340 33,334.349 24,239.801 20,713.584
256340 29,762.811 21,262.984 18,011.812
256340 26,573.939 18,651.740 15,662.446
256340 23,726.731 16,361.175 13,619.518
256340 21,184.581 14,351.908 11,843.059
256340 18,914.805 12,589.393 10,298.312
256340 16,888.218 11,043.327 8,955.054
256340 15,078.766 9,687.129 7,787.004
256340 13,463.184 8,497.482 6,771.307
256340 12,020.700 7,453.931 5,888.093

Total 1,817,031.792 1,564,438.304 1,459,084.670

Cheltuieli totale
635931 567,795.536 557,834.211 552,983.478
 872093 695,227.200 671,047.245 659,427.599
30938 22,021.057 20,882.269 20,342.237
30938 19,661.658 18,317.780 17,688.902
30938 17,555.052 16,068.228 15,381.654
30938 15,674.154 14,094.937 13,375.351
30938 13,994.780 12,363.979 11,630.740
30938 12,495.339 10,845.596 10,113.687
30938 11,156.553 9,513.681 8,794.511
30938 9,961.208 8,345.334 7,647.400
30938 8,893.936 7,320.468 6,649.913
30938 7,941.014 6,421.464 5,782.533
30938 7,090.191 5,632.863 5,028.290
30938 6,330.528 4,941.108 4,372.426
30938 5,652.257 4,334.305 3,802.110
30938 5,046.658 3,802.022 3,306.182
30938 4,505.945 3,335.107 2,874.941
30938 4,023.165 2,925.532 2,499.949
30938 3,592.111 2,566.256 2,173.868
30938 3,207.242 2,251.102 1,890.320
30938 2,863.609 1,974.651 1,643.757
30938 2,556.794 1,732.150 1,429.354
30938 2,282.852 1,519.430 1,242.916
30938 2,038.261 1,332.833 1,080.797
30938 1,819.875 1,169.152 939.823
30938 1,624.889 1,025.572 817.238
30938 1,450.794 899.624 710.641

Total 1,456,462.658 1,392,496.898 1,363,630.620

Profit anual actualiza 12 14 15

0.000
 1.160 1.170 1.190 0.893 0.877
1.160 1.170 1.190 0.797 0.769
1.160 1.170 1.190 0.712 0.675
1.160 1.170 1.190 0.636 0.592
1.160 1.170 1.190 0.567 0.519
1.160 1.170 1.190 0.507 0.456
1.160 1.170 1.190 0.452 0.400
1.160 1.170 1.190 0.404 0.351
1.160 1.170 1.190 0.361 0.308
1.160 1.170 1.190 0.322 0.270
1.160 1.170 1.190 0.287 0.237
1.160 1.170 1.190 0.257 0.208
1.160 1.170 1.190 0.229 0.182
1.160 1.170 1.190 0.205 0.160
1.160 1.170 1.190 0.183 0.140
1.160 1.170 1.190 0.163 0.123
1.160 1.170 1.190 0.146 0.108
1.160 1.170 1.190 0.130 0.095
1.160 1.170 1.190 0.116 0.083
1.160 1.170 1.190 0.104 0.073
1.160 1.170 1.190 0.093 0.064
1.160 1.170 1.190 0.083 0.056
1.160 1.170 1.190 0.074 0.049
1.160 1.170 1.190 0.066 0.043
1.160 1.170 1.190 0.059 0.038
1.160 1.170 1.190 0.053 0.033
1.160 1.170 1.190 0.047 0.029

a=16 a=17 a=19

-437,750.862 -434,009.402 -426,715.126
-555,065.398 -545,617.649 -527,431.679
144,405.521 140,734.372 133,757.111
124,487.518 120,285.788 112,400.934
107,316.826 102,808.366 94,454.566
92,514.505 87,870.398 79,373.585 venituri
79,753.884 75,102.904 66,700.492
68,753.348 64,190.517 56,050.833
59,270.128 54,863.689 47,101.541
51,094.938 46,892.042 39,581.127
44,047.360 40,078.669 33,261.451
37,971.862 34,255.272 27,950.799
32,734.364 29,278.011 23,488.066
28,219.279 25,023.941 19,737.871
24,326.965 21,387.983 16,586.446
20,971.521 18,280.328 13,938.190
 18,078.898 15,624.212 11,712.765
15,585.257 13,354.027 9,842.659
13,435.566 11,413.698 8,271.142
11,582.385 9,755.298 6,950.540
9,984.814 8,337.861 5,840.790
8,607.599 7,126.377 4,908.227
7,420.344 6,090.921 4,124.560
6,396.848 5,205.915 3,466.017
5,514.524 4,449.500 2,912.619
4,753.900 3,802.992 2,447.579
4,098.190 3,250.420 2,056.789

28,510.081 -30,163.549 -127,230.104

a=16 a=17 a=19
110,491.379 109,547.009 107,705.882
93,061.831 91,477.829 88,428.783
164,226.188 160,051.148 152,116.210
141,574.300 136,795.853 127,828.748
122,046.810 116,919.533 107,419.116
105,212.768 99,931.225 90,268.164
90,700.662 85,411.303 75,855.600
78,190.226 73,001.114 63,744.202
67,405.367 62,394.114 53,566.556
58,108.075 53,328.303 45,013.913
50,093.168 45,579.746 37,826.818
43,183.766 38,957.048 31,787.242
37,227.384 33,296.622 26,711.968
32,092.572 28,458.651 22,447.032
27,666.011 24,323.634 18,863.052
23,850.009 20,789.430 15,851.304
20,560.353 17,768.744 13,320.424
17,724.442 15,186.961 11,193.633
15,279.691 12,980.308 9,406.415
13,172.148 11,094.281 7,904.550
11,355.300 9,482.291 6,642.479
9,789.052 8,104.522 5,581.915
8,438.838 6,926.942 4,690.685
7,274.860 5,920.463 3,941.752
6,271.431 5,060.225 3,312.397
5,406.406 4,324.979 2,783.527
4,660.695 3,696.563 2,339.098

1,365,063.731 1,280,808.841 1,136,551.464

548,216.379 543,530.769 534,395.798

 648,107.164 637,075.754 615,841.395
19,820.667 19,316.776 18,359.098
17,086.782 16,510.065 15,427.814
14,729.984 14,111.167 12,964.549
12,698.262 12,060.826 10,894.579
10,946.778 10,308.399 9,155.109
9,436.878 8,810.597 7,693.369
8,135.239 7,530.425 6,465.016
7,013.137 6,436.261 5,432.786
6,045.808 5,501.077 4,565.367
5,211.903 4,701.776 3,836.443
4,493.020 4,018.612 3,223.901
3,873.293 3,434.711 2,709.161
3,339.046 2,935.650 2,276.606
2,878.488 2,509.103 1,913.114
2,481.455 2,144.532 1,607.659
2,139.185 1,832.934 1,350.974
1,844.125 1,566.610 1,135.272
1,589.763 1,338.983 954.010
1,370.486 1,144.430 801.689
1,181.453 978.145 673.688
1,018.494 836.021 566.125
878.012 714.548 475.735
756.907 610.725 399.777
652.506 521.987 335.947
562.505 446.143 282.309

1,336,507.723 1,310,927.026 1,263,737.291

16 17 19
 0.870 0.862 0.855 0.840 -507791 -746879 225406
0.756 0.743 0.731 0.706 -453385 -595407 160439.539
0.658 0.641 0.624 0.593
0.572 0.552 0.534 0.499 Invest actualizata
0.497 0.476 0.456 0.419 12
0.432 0.410 0.390 0.352 615859 549,874.11
0.376 0.354 0.333 0.296 857361 683,482.94
0.327 0.305 0.285 0.249
0.284 0.263 0.243 0.209 suma 1,233,357.047
0.247 0.227 0.208 0.176
0.215 0.195 0.178 0.148 Venit actualizat 1,817,031.792
0.187 0.168 0.152 0.124
0.163 0.145 0.130 0.104 Ch actualizate 1,456,462.658
0.141 0.125 0.111 0.088
0.123 0.108 0.095 0.074 1.248
0.107 0.093 0.081 0.062
0.093 0.080 0.069 0.052 VNA 360,520.824
0.081 0.069 0.059 0.044
0.070 0.060 0.051 0.037 VNA/ch act 0.248
0.061 0.051 0.043 0.031
0.053 0.044 0.037 0.026
0.046 0.038 0.032 0.022
0.040 0.033 0.027 0.018
0.035 0.028 0.023 0.015
0.030 0.024 0.020 0.013
0.026 0.021 0.017 0.011
0.023 0.018 0.014 0.009

Profit actualizat
actualizate – costuri actualizate + investiţie actualizată
 225406 225406 225406 225406 225406 225406 225406
143249.5879809 127901.4178401 114197.6945001 101962.2272322 91037.70288592 81283.66329 72574.7

14 15 16 17 19
540,227.19 535,529.57 530,912.93 526,375.21 517,528.57
659,711.45 648,288.09 637,158.89 626,313.83 605,438.18

1,199,938.643 1,183,817.656 1,168,071.819 1,152,689.042 1,122,966.747

1,564,438.304 1,459,084.670 1,365,063.731 1,280,808.841 1,136,551.464

1,392,496.898 1,363,630.620 1,336,507.723 1,310,927.026 1,263,737.291

1.123 1.070 1.021 0.977 0.899

171,894.314 95,407.548 28,510.081 (30,163.549) (127,230.104)

0.123 0.070 0.021 (0.023) (0.101)

 225406 225406 225406 225406 225406 225406 225406 225406 225406 225406
64798.84 57856.11 51657.24 46122.53 41180.83 36768.6 32829.11 29311.7 26171.16 23367.11
 225406 225406 225406 225406 225406 225406 225406
20863.49 18628.12 16632.25 14850.22 13259.13 11838.51 0