Mdrarnmacl Yrsray Kern IFINZo Fined Praojen Gnendied Wang fermentSs Cae ’ Copied br dpertep arava pews Ghats comping ug fo Tait HED Capital prefect soit out A Lippese stan emp UPI dhe funds tneSled fr the pases @ When “lwo prsjeas won be unde eken AF one Time andl thy ue nk cebied fo cath they FL 3 or Incepenid prrgpect Ba whan Lompuny Cn only opt fs ones profet OF of WoO Ca mie pecs led are ead offer, WH % cated party) elusive © The ha preset value fs dhe Rifpuene Leen present valor of Fnplot ond Ociftoit oven fhe Oe ie poses Lethe sate tO go (1)! ( fo frat J >2) - Que NPV method? Pedps In knassing ce ioe fess Vas 4; Say fon be Tih Invesoren mode. fae Gh fee me las oe nt bh Inflows Pe prey Unlus de present vel of; ce Ne ; a Fnvetimud 5 TL 45 wortius indottnsn « In Case $ an pee we ill accept both ab Ahey Fave positive ca a Gy the pres ae pay excbufre tun we will otter, facade g 3) Yes, Seong EBL of CopfleD wal fperel Hae NPV. NPV #5 Fntessely propertiond fo he wil of cape h We means if We Fnrrerne coil ¢ piled the APV Cae oon. 4) IKK ts te Ae of Rildin ob uni APY 9% epeb fo Ho FRR We kre a TL Ife ict 4 capt Nev = 1838, AE BOL waik of copind. ee ts (40a) (+0a)* (coi aePV = TY ] «(von - D8) Ping - PV non IRR. Loe + [ Be tO.1. + aah. Tose) 1G +204 - 0.156 G7 IKGs We Kroc Tih cl of expel NPy= 15% AL BS wel + pie a | SO. -p 920 _ 199 (+03) (roa (1403) p35 ee Ne 7 a ° 2 ve So ee ees _tv 166 = upg +p PR Jy (Hoe-cox) PVR — Vann pace) 20415 SATRE mensuves the proffebieyy h a pe te a H IRR of a pardon ts erat fo fs voit of Cpt a ay a " pos anager with thet apn) as ig mre Han of capil amare ew cen: PTA whe accauns to firms shorehotQus Since pone leo beth Pave (Kl (oft A fil , 92 cof accept beth, if ty Pwover Ff thay sux nnelly cxecbuive hen soe il aeEPT frrncbase 6" Became fC Pas hayhev IRR. than IWS Cahftoe mala dhon their ane Fa Craig Coll y copie worl St oper Abs IRR Since PRRs oly inktpedns ¢ the + coptted Hower Aa criteria fo accept wn Go the prj wil Hone. wk cil only acapl pape Hf Ban IKK axe WS Kom wit prusier then oy epreks to thei (St 4 cepted.Cees ) NPY, fey k= 07 Ney= (10 + bo + bo) - - §0 =10 Fa k= 5% So6 alan eles ay faa) NE aol Cam eros: Eero] Foy k= 107. pa 14 NPs = BO om ke 187. bo. £o° ce Rae Re so ao ] NPY, ao a? ea o gia ais) (40.5) *Geny eaeiby NPs > (72 : (+02)NPV enn pa = 6b 2) By Geet tte NP giph TS dha gha we oth cceept beth the ee ¥ 1s we indaperbus ae Goth hove positive NPV a SL fp pill ofrel to 17s, fhovsowrev thy ae milf en hurr and) hon ese csill accept the ome Sth Rusher NPV. ff cL of opted 4s Cs hon BF ten we coll ose NPV Wlherrd % the WSL Sf Caprleh Fe piecing dhon BEL than woe will cexepl® S spare of ibis caw cca OL od gE $ 0 awe psec te oxy Setpprene- Laveen IKK one Fs dhe ReinveTinert oie. MIRE asurnns dha Cath flow aan Pinved SF filoms coh of Copied unten IKK hi eran A AOI vvorass wotll be at dhe vie opel fe (eK MIKK TV fs = (o(i+oays folie)! + 89 = 158.2 MRK = (ag velos of | - A Paser vale of eeiftaro ‘ ce (aye feo = oles Ibs “fh. NIKK TY nfs = H(iroif + Wfiroi) + 20 = (STF MIRE =p Teamined Vel of Infos : ; a i Pauses vel f oop re =iCMe a The frofabliy bade (PL) masses Ko Ie Limca He front Val Sf ae alplowt ocd the PRE tavern We sq profi Propileade cohen propertly Inde Hh gration han one ; Pi = [to 4 $0, tf) + be - (Geo ss (2 Gro = bil Pls = je So = (jy 7 Oy gee 1) Pree ped musts He Hime period tn which Khe anit oP FroeFirsss oF be geLonred? and the puja ail yea [syeak-even ttm L Fereeks =2 = AS) 13) be Ph In Repel. prylrck peed Ae ofan cash fla ae wed) whale tn BiscounctedD papa we take the paused vabu cf fiw chiles. (C95 weg 4 wntifa the Thre elle mai when Rents As baeekeven po ae 4) Discoureh) period ors consis the Frm vila of ay ert Tppetts the cash flows dh occ npn dhe payback fed. fl 38 mt wed fu eyelnarion “f cepital bediciog as bia ¥ethew FS cst fo -mensiie profene Gpadty, a Cetes of postltee coat : ss Sifn oy ae one. Tr cae + Ner—noone) they SUL cath mga coatefoes Ahan sufiteh fo pasilir® than Ofn Seth oe mepeive, Such poms agin RBA NEO Invest afl Some prod = £08 aallin $5 milion -$5 —_apitlienDAL ke 10% NPVs - $ 366FFF AL k= [00% nev - 0 = OM AL k= awh NPV = See ae < 0.31 [ 142. oy 8 AL k= 30074 Bere =, wee FAL K = Ym “/, ae a ine SS@ cae ) Roe T hs ff ae Oe (140) ee eee oD, ProjeG F NPV, = fe 0 se eed ; (i401) G0 Gry Gy : Fe GIAO.45 2) : Ne presen Vel I= (( +4)” er Equivalod annucl cnruty (EAR) = Fw per ye EA = 4132.23 $308.6 2260. 1992. 92° 4 2 a 4 (loo) Go) ExwRd NPV, [ 6 force gorsee 69,000 ) Go Gey? (Ho > 1S Here se Gan See Ben NPV, oS pec Ban NPVe over Tappan carmen Life thonpee woe fll accept Rojas 7” — (00, @ ] (90,000 4) Qs hte EverI NPV witth Sl © AapOcaie = [O00 a ( Cowes _ 145,000 Gores 5 60.099 GE) (fy Gay ee = Suisse In aks Ce NPVr Cos Hem npy, (3415 < Cine) hem pone val ose vail Borge: obey previous ects ard) accept pee F' AnsexdAger ew eee ° py 3 (Seo) leo ooo 150 NP I= QWwo 4 2owo , KE ]- Sooo Cro) (140.1) Ci40i)* = = $123 sy Heso fers ° t a 4 (Seco), Qivo 2000 —— NPV. Ke Saree ica (9) Gey = $3Is Afey om geo ° a c=) | eee iso NPY= S289 _ Sovo So (701) = -6243 From dhe abst? CMinteTim we on se dkeT lima Uipe of das preg Ts a yous economic