BMA-CH06_problem10_page159

Normal profile
Rate 0 1 2 3 4
Capital expenditure
Tax on salvage value
Working capital (%of + sales)
Revenue
Operating expenses
Depreciation
Total costs
Operating income
Taxes
Net income
Depreciation
Cashflow-operating
Cashflow-total
Discount rate (factor)
Present value

Alternative profile
Rate 0 1 2 3 4
Capital expenditure
Tax on salvage value
Working capital (%of + sales)
Depreciation tax shield
Revenue
Operating expenses (exl. dep)
Operating income
Taxes
Operating cash flow
Cashflow-total
Discount rate (factor)
Present value
5 Catatan:
Jawaban pv harus = 1,047
Kedua format menghasilkan jawaban yang sama
Perhitungan:
Hati-hati dengan perhitungan modal kerja