ITEM Y1 Y2 Y3

BENEFITS/INFLOW
Sales 385,000 330,000 385,000
Residual Value
TOTAL INFLOW (Before Financing) 385,000 330,000 385,000
0.112 0.114 0.116
COSTS/OUTFLOW 16,287 16,578 16,868
Investments Costs (greenhouse structure) 532,000
Operating/Maintenance Costs 161,704 161,995 162,285
TOTAL OUTFLOW (Before Financing) 693,704 161,995 162,285

NET BENEFIT (Before Financing) (308,704) 168,005 222,715

Discount Factor (10%) 0.909 0.826 0.751

Discounted INFLOW (Before Financing) 350,000 272,727 289,256

Total Disc Inflow or "benefits"(BF) 2,731,092
Discounted OUTFLOW (Before Financing) 630,640 133,880 121,927
Total Disc Outflow or "costs" (BF) 1,725,525
Disc NET BENEFIT (Before Financing) (280,640) 138,847 167,329
Total Disc Net Benefits (BF)
Procedure 1 (sum of disc B - sum of Disc C) 1,005,568
Procedure 2 (sum of Disc net benefits) 1,005,568

Computation, using Excel:

NPV (BF) 1,005,348.44
BCR (BF) 1.583
IRR (BF) 60.81%
Y4 Y5 Y6 Y7 Y8 Y9 Y10

330,000 385,000 330,000 385,000 308,000 385,000 319,000

330,000 385,000 330,000 385,000 308,000 385,000 319,000

0.118 0.120 0.122 0.124 0.126 0.128 0.130
17,159 17,450 17,741 18,032 18,323 18,613 18,904

162,576 162,867 163,158 163,449 163,740 164,030 164,321

162,576 162,867 163,158 163,449 163,740 164,030 164,321

167,424 222,133 166,842 221,551 144,260 220,970 154,679

0.683 0.621 0.565 0.513 0.467 0.424 0.386

225,394 239,055 186,450 197,505 143,836 163,240 123,134

111,042 101,128 92,184 83,849 76,466 69,549 63,428

114,353 137,927 94,266 113,656 67,370 93,691 59,706

Y11 Y12 Y13 Y14 Y15

385,000 275,000 385,000 385,000 385,000

53200
385,000 275,000 385,000 385,000 438,200
0.132 0.134 0.136 0.138 0.140
19,195 19,486 19,777 20,068 20,358

164,612 164,903 165,194 165,485 165,775

164,612 164,903 165,194 165,485 165,775

220,388 110,097 219,806 219,515 272,425

0.351 0.319 0.29 0.263 0.239

135,135 87,725 111,650 101,255 104,730

57,779 52,604 47,906 43,522 39,620

77,356 35,121 63,744 57,733 65,109

 ITEM Y1 Y2 Y3
BENEFITS/INFLOW
Sales 385,000 330,000 385,000
Residual Value
TOTAL INFLOW (Before Financing) 385,000 330,000 385,000
0.112 0.114 0.116
COSTS/OUTFLOW 16,287 16,578 16,868
Investments Costs (greenhouse) 532,000 15,960 15,960
Operating/Maintenance Costs 161,704 161,995 162,285
TOTAL OUTFLOW (Before Financing) 693,704 177,955 178,245

NET BENEFIT (Before Financing) (308,704) 152,045 206,755

Discount Factor (10%) 0.909 0.826 0.751

Discounted INFLOW (Before Financing) 350,000 272,727 289,256

Total Disc Inflow or "benefits"(BF) 2,731,092
Discounted OUTFLOW (Before Financing) 630,640 147,070 133,918
Total Disc Outflow or "costs" (BF) 1,832,436
Disc NET BENEFIT (Before Financing) (280,640) 125,657 155,338
Total Disc Net Benefits (BF)
Procedure 1 (sum of disc B - sum of Disc C) 898,657
Procedure 2 (sum of Disc net benefits) 898,657

Computation, using Excel:

NPV (BF) 898,465
BCR (BF) 1.490
IRR (BF) 55.70%
Y4 Y5 Y6 Y7 Y8 Y9 Y10

330,000 385,000 330,000 385,000 308,000 385,000 319,000

330,000 385,000 330,000 385,000 308,000 385,000 319,000

0.118 0.120 0.122 0.124 0.126 0.128 0.130
17,159 17,450 17,741 18,032 18,323 18,613 18,904
15,960 15,960 15,960 15,960 15,960 15,960 15,960
162,576 162,867 163,158 163,449 163,740 164,030 164,321
178,536 178,827 179,118 179,409 179,700 179,990 180,281

151,464 206,173 150,882 205,591 128,300 205,010 138,719

0.683 0.621 0.565 0.513 0.467 0.424 0.386

225,394 239,055 186,450 197,505 143,836 163,240 123,134

121,943 111,038 101,202 92,037 83,920 76,316 69,589

103,452 128,017 85,248 105,468 59,916 86,924 53,545

Y11 Y12 Y13 Y14 Y15

385,000 275,000 385,000 385,000 385,000

53200 Structure's Book Value
385,000 275,000 385,000 385,000 438,200
0.132 0.134 0.136 0.138 0.140
19,195 19,486 19,777 20,068 20,358
15,960 15,960 15,960 15,960 15,960
164,612 164,903 165,194 165,485 165,775
180,572 180,863 181,154 181,445 181,735

204,428 94,137 203,846 203,555 256,465

0.351 0.319 0.29 0.263 0.239

135,135 87,725 111,650 101,255 104,730

63,381 57,695 52,535 47,720 43,435

71,754 30,030 59,115 53,535 61,295

 CONVENTIONAL GAP UNDER
WITHOUT GREENHOUSE
GREENHOUSE
Fixed Cost Green House Structure (5,000 sq.m) 0 35,466.67
Variable costs
Labor plowing and bedding 3,300.00 3,300.00
@220/MD; 3,300.00
440/MAD Fertilizer Application 3,300.00
Seedling production(15md) 4,950.00 4,950.00
Transplanting(1md) 3,300.00 3,300.00
Fertilization and hilling up(1md) 1,980.00 1,980.00
Mulching(10md) 3,300.00 -
Weeding(20md) 6,600.00 4,950.00
Irrigation(20md) 6,600.00 6,600.00
Spraying(10md) 3,300.00 2,475.00
Harvesting(10md) 3,300.00 3,300.00
Miscellaneous activities(20md) 6,600.00 4,950.00
Subtotal 46,530.00 36,630.00
Materials Seeds(280g/ha) 3,750.00 3,750.00
Animal Manure(10t) 15,000.00 15,000.00
14-14-14(5bags) 7,125.00 7,125.00
46-0-0(46-0-0) 9,450.00 9,450.00
0-0-60(3bags) 4,245.00 4,245.00
Chemical Sprays 15,000.00 11,250.00
Transportation 7,500.00 7,500.00
Miscellaneous 15,000.00 15,000.00
Subtotal 77,070.00 73,320.00

Grand TOTAL 123,600.00 145,416.67

Gross Income 250,000.00 440,000.00
C. Net Income 126,400.00 294,583.33
CONVENTIONAL WITHOUT GREENHOUSE with marketable yield of 10tons @ market price of Php25/kg
CONVENTIONAL UNDER GREENHOUSE with marketable yield of 11tons @ market price of Php40/kg
 DIFFERENCE
532,000.00 53,200.00
35,466.67
ADDED RETURN TOTAL ADDED COST
- 1000kg * P40/kg 40,000.00 Greenhouse
-
- REDUCED COST REDUCED RETURN
- Mulching 3,300.00
- Weeding 1,650.00
- 3,300.00 Spraying 825.00
- 1,650.00 Miscellaneous activities 9,900.00
- TOTAL 55,675.00 TOTAL
- 825.00 GROSS INCOME (A-B) 20,208.33
-
- 1,650.00
- 9,900.00
-
-
-
-
-
- 3,750.00
-
-
- 3,750.00
21,816.67
190,000.00
168,183.33
et price of Php25/kg
price of Php40/kg
TOTAL
35,466.67

35,466.67
 CONVENTIONAL Without Greenhouse
1st Cropping 2nd Cropping
Fixed Cost Green House Structure (5,000 sq.m)

Variable costs
Labor @220/MD; 440/MAD
plowing and bedding (1md and 1mad) 1100 1100
Fertilizer Application 1100 1100
Seedling production(15md) 1650 1650
Transplanting(1md) 1100 1100
Fertilization and hilling up(1md) 660 660
Mulching(10md) 1100 1100
Weeding(20md) 2200 2200
Irrigation(20md) 2200 2200
Spraying(10md) 1100 1100
Harvesting(10md) 1100 1100
Miscellaneous activities(20md) 2200 2200
Subtotal 15510.00 15510.00

B. Materials
Seeds(280g/ha) 1250 1250
Animal Manure(10t) 5000 5000
14-14-14(5bags) 2375 2375
46-0-0(46-0-0) 3150 3150
0-0-60(3bags) 1415 1415
Chemical Sprays 5000 5000
Transportation 2500 2500
Miscellaneous 5000 5000
Subtotal 25690 25690

Grand TOTAL 41,200.00 41,200.00

C. Gross Income 350,000.00 350,000.00
Net Income 308,800.00 308,800.00
with marketable yield of 10and market price of Php25/kg
VENTIONAL Without Greenhouse CONVENTIONAL With Greenhouse
3rd Cropping TOTAL 1st Cropping 2nd Cropping 3rd Cropping
35466.6666666667
11822.2222222 11822.222222222 11822.22222222

1100 3300 1100 1100 1100

1100 3300 1100 1100 1100
1650 4950 1650 1650 1650
1100 3300 1100 1100 1100
660 1980 660 660 660
1100 3300 0 0 0
2200 6600 1650 1650 1650
2200 6600 1650 1650 1650
1100 3300 825 825 825
1100 3300 825 825 825
2200 6600 1650 1650 1650
15510.00 46530 12210 12210 12210

1250 3750 1250 1250 1250

5000 15000 5000 5000 5000
2375 7125 2375 2375 2375
3150 9450 3150 3150 3150
1415 4245 1415 1415 1415
5000 15000 3750 3750 3750
2500 7500 2500 2500 2500
5000 15000 5000 5000 5000
25690 77070 24440 24440 24440

41,200.00 123,600.00 48,472.22 48,472.22 48,472.22

350,000.00 1,050,000.00 385,000.00 385,000.00 385,000.00
308,800.00 926,400.00 336,527.78 336,527.78 336,527.78
ket price of Php25/kg with marketable yield of 11 and market price of Php35/kg
reenhouse GAP With Greenhous
TOTAL 1st Cropping
35466.66666667 Fixed CostGreen House Structure (5,000 sq.m) GAP With Greenhous
35466.66666667 1st Cropping
Variable costs 11,822.22
Labor @220/MD; 440/MAD
3300 plowing and bedding (1md and 1mad) 1100
3300 Fertilizer Application 1100
4950 Seedling production(15md) 1650
3300 Transplanting(1md) 1100
1980 Fertilization and hilling up(1md) 660
0 Mulching(10md) 0
4950 Weeding(20md) 1650
4950 Irrigation(20md) 1650
2475 Spraying(10md) 1320
2475 Harvesting(10md) 825
4950 Miscellaneous activities(20md) 20000
36630 Subtotal 31055

B. Materials
3750 Seeds(280g/ha) 1250
15000 Vermicompost 10500
7125 14-14-14(5bags) 2375
9450 46-0-0(46-0-0) 0
4245 0-0-60(3bags) 0
11250 Chemical Sprays (Green Labeled) 5000
7500 Transportation 2500
15000 Miscellaneous 7000
73320 Subtotal 28625

145,416.67 Grand TOTAL 71502.22

1,155,000.00 C. Gross Income 407000.00
1,009,583.33 Net Income 335497.78
market price of Php35/kg with marketable yield of 11 and market price of Php37/kg
 GAP With Greenhouse
2nd Cropping 3rd Cropping TOTAL
GAP With Greenhouse
2nd Cropping 3rd Cropping TOTAL
11,822.22 11,822.22 35,466.67

1100 1100 3300

1100 1100 3300
1650 1650 4950
1100 1100 3300
660 660 1980
0 0 0
1650 1650 4950
1650 1650 4950
1320 1320 3960
825 825 2475
20000 20000 60000
31055 31055 93165
0
0
1250 1250 3750
10500 10500 31500
2375 2375 7125
0 0 0
0 0 0
5000 5000 15000
2500 2500 7500
7000 7000 21000
28625 28625 85875
0
71502.22 71502.22 214506.67
407000.00 407000.00 1221000.00
335497.78 335497.78 1006493.33
of 11 and market price of Php37/kg
 CONVENTIONAL Without Greenhouse
1st Cropping 2nd Cropping
Fixed Cost Green House Structure (5,000 sq.m)

Variable costs
Labor @220/MD; 440/MAD
plowing and bedding 1,100.00 1,100.00
Fertilizer Application 1,100.00 1,100.00
Seedling production(15md) 1,650.00 1,650.00
Transplanting(1md) 1,100.00 1,100.00
Fertilization and hilling up(1md) 660.00 660.00
Mulching(10md) 1,100.00 1,100.00
Weeding(20md) 2,200.00 2,200.00
Irrigation(20md) 2,200.00 2,200.00
Spraying(10md) 1,100.00 1,100.00
Harvesting(10md) 1,100.00 1,100.00
Miscellaneous activities(20md) 2,200.00 2,200.00
Subtotal 15,510.00 15,510.00

B. Materials
Seeds(280g/ha) 1,250.00 1,250.00
Animal Manure(10t) 5,000.00 5,000.00
14-14-14(5bags) 2,375.00 2,375.00
46-0-0(46-0-0) 3,150.00 3,150.00
0-0-60(3bags) 1,415.00 1,415.00
Chemical Sprays 5,000.00 5,000.00
Transportation 2,500.00 2,500.00
Miscellaneous 5,000.00 5,000.00
Subtotal 25,690.00 25,690.00

Grand TOTAL 41,200.00 41,200.00

C. Gross Income 250,000.00 250,000.00
Net Income 208,800.00 208,800.00
With marketable yield of 10 tons @ market price of Php2
VENTIONAL Without Greenhouse CONVENTIONAL With Greenhouse
3rd Cropping TOTAL 1st Cropping 2nd Cropping 3rd Cropping
35,466.67
11,822.22 11,822.22 11,822.22

1,100.00 3,300.00 1,100.00 1,100.00 1,100.00

1,100.00 3,300.00 1,100.00 1,100.00 1,100.00
1,650.00 4,950.00 1,650.00 1,650.00 1,650.00
1,100.00 3,300.00 1,100.00 1,100.00 1,100.00
660.00 1,980.00 660.00 660.00 660.00
1,100.00 3,300.00 - - -
2,200.00 6,600.00 1,650.00 1,650.00 1,650.00
2,200.00 6,600.00 1,650.00 1,650.00 1,650.00
1,100.00 3,300.00 825.00 825.00 825.00
1,100.00 3,300.00 825.00 825.00 825.00
2,200.00 6,600.00 1,650.00 1,650.00 1,650.00
15,510.00 46,530.00 12,210.00 12,210.00 12,210.00

1,250.00 3,750.00 1,250.00 1,250.00 1,250.00

5,000.00 15,000.00 5,000.00 5,000.00 5,000.00
2,375.00 7,125.00 2,375.00 2,375.00 2,375.00
3,150.00 9,450.00 3,150.00 3,150.00 3,150.00
1,415.00 4,245.00 1,415.00 1,415.00 1,415.00
5,000.00 15,000.00 3,750.00 3,750.00 3,750.00
2,500.00 7,500.00 2,500.00 2,500.00 2,500.00
5,000.00 15,000.00 5,000.00 5,000.00 5,000.00
25,690.00 77,070.00 24,440.00 24,440.00 24,440.00

41,200.00 123,600.00 48,472.22 48,472.22 48,472.22

250,000.00 750,000.00 440,000.00 440,000.00 440,000.00
208,800.00 626,400.00 391,527.78 391,527.78 391,527.78
e yield of 10 tons @ market price of Php25/kg With marketable yield of 11tons @ market price of Php40/kg
reenhouse GAP With Gree
TOTAL 1st Cropping
35,466.67 Fixed Cost Green House Structure (5,000 sq.m) GAP With Gree
35,466.67 1st Cropping
Variable costs 11,822.22
Labor @220/MD; 440/MAD
3,300.00 plowing and bedding (1md and 1mad) 1100
3,300.00 Fertilizer Application 1100
4,950.00 Seedling production(15md) 1650
3,300.00 Transplanting(1md) 1100
1,980.00 Fertilization and hilling up(1md) 660
- Mulching(10md) 0
4,950.00 Weeding(20md) 1650
4,950.00 Irrigation(20md) 1650
2,475.00 Spraying(10md) 1320
2,475.00 Harvesting(10md) 825
4,950.00 Miscellaneous activities(20md) 20000
36,630.00 Subtotal 31055

B. Materials
3,750.00 Seeds(280g/ha) 1250
15,000.00 Vermicompost 10500
7,125.00 14-14-14(5bags) 2375
9,450.00 46-0-0(46-0-0) 0
4,245.00 0-0-60(3bags) 0
11,250.00 Chemical Sprays (Green Labeled) 5000
7,500.00 Transportation 2500
15,000.00 Miscellaneous 7000
73,320.00 Subtotal 28625

145,416.67 Grand TOTAL 71502.22

1,320,000.00 C. Gross Income 407000.00
1,174,583.33 Net Income 335497.78
arket price of Php40/kg With marketable yield of 11 Ton @
 GAP With Greenhouse
2nd Cropping 3rd Cropping TOTAL
GAP With Greenhouse
2nd Cropping 3rd Cropping TOTAL
11,822.22 11,822.22 35,466.67

1100 1100 3300

1100 1100 3300
1650 1650 4950
1100 1100 3300
660 660 1980
0 0 0
1650 1650 4950
1650 1650 4950
1320 1320 3960
825 825 2475
20000 20000 60000
31055 31055 93165
0
0
1250 1250 3750
10500 10500 31500
2375 2375 7125
0 0 0
0 0 0
5000 5000 15000
2500 2500 7500
7000 7000 21000
28625 28625 85875
0
71502.22 71502.22 214506.67
407000.00 407000.00 1221000.00
335497.78 335497.78 1006493.33
ith marketable yield of 11 Ton @ market price of Php37/kg