We Start up a business Year 0 Year 1

Sources of financiation Equity 300000

CAPEX Fixed Asset Investment ( a new machine) 300000 0

Forecasted Sales 1000000

Costs %COGS 60%
Salaries 100000
Other 40000
Depreciation 100000
Tax rate 30%

NWC stocks(1) 0 60 days

Accounts receivable 0 90 days
Accounts payable 0 30 days
operating cash 0 10000
(1) Assume we bought in January enough for saling 1 month and accumulate stocks for the next 2 months, and it will be paid completely on april