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o Poy Pack persed =_Nco (even cash flow) Annval CEAT = Minimum - Am* tobe 4ecovered eon. CRAT og Next years @ Average xate of . Av. NI 58. oe as Zz ® Discounted PEP. = Miniraue, + Amount. to be secovercd Pv of next ieee @ Nev =TPV - NCO : © Pvopstobitity Index = TPV r ‘ NCO @ \ntemol vate of vebvin= LR + NPV (ussite ie ale NPVig— NPVip Trve pactor = Neco Eee al A CFAT | @ mire» PV of costs = Terminal valve e Cor Mire” Determination OF NCO Determination OF Purchane price of New assets bas Fansportetion and insto\tation cost C ) © (oes) Medi gication cost ew Investment tox Credit (tc) ' Sage test mA X Working copital ted bp [ sélesned eet CSV of old amet todoxy Tax, adjustment: Csv of ald today OX esyv ow 8 Rex Propit [loss po Tay ovtstanding [sav Ft uxex NCo "4 4 Rk © Scanned with CamScanner i oN Determination op Annval Operating. cash plow (crat) , wy " ¥ ‘Yeay Lot 2 3 \ me ad © E@DT RK x a sax Lees: pi , ee Seanad Ft € Digg Dep a — a = eet . oe en » = Lecs !tax 83} — aso pan pec aa ax Eat (Nt) . ye Add Bonk ! Die Dep ie oo Poe oe 4 Hee FRR CFAT : of or egpt = Sue “ve rc | Sates - costs | Revenve ~Expermser on [nexeane in soles —lneveane tn cost * fang Determination of Nek Salvi valve »Non operoti ox beaminal earh plow and ginal eon cra Fenonr : Digg. C8v (new =Uld) a eee ; Tax adjustment New ole Digg csv ae WR de Bov oO Progit ross bares , dome! Tax ovtstan ding [saving pee, mot - Net solwage. valve . a AHH Working, aapital woleaned [tied Lp ? HRA Non opesatrg | teaminal cr Cae? Requias CFAT ese Final oer crar Scanned with CamScanner F capital Strvebver a cost of Cpiry “nc * 3° RIP pon Vetus A premem —Fleoweiton cost: Kaz = Ka (1-7) w+ Be Po =_Ds Po 8 By = De ltrg) % = ¥etention ‘otro A Rot wace = Wa * ka, * Wes *% Kes suis 2H teers Ke > Mek Steck price = Po (-F) Scanned with CamScanner oe 2 HOP 4 RCP POP oo 2 IcP + Rep Jo ton we peguieenant | $ coe. : Ice = Avene Lnventory se Days in Yoor aDaysile acon 8 8 or Saler “e i" mn Formover @ Rep = Account Receivable x. Days io, ye in a Year Credit Sater ae aie: @ Pop = Account Payable eae Days in a year COtrS ORevedit ae ee tonoves © Current Ratio =" acne so ian b= CCC x sa we pequivernente ® Total asset et 3 Gales Bie dp: We 5% og + Wee 5g,” + 2 Wp WeCOVang @® Y= reqpived Yor 6 o% vetvrn Yyp = RISE Gree swote. Sm > Expected xetuxn oh marbet (P= beta & stock” uh yo ¥ > {vm- Yee) P Be Corr a pela > qe soph a guantr anan segrd MS es -" . Sis o overp™ Scanned with CamScanner Fot Dividend Power. @ MPSarten store dividend = MRS pepone stnck chvidend gos Nager srpoke devidenh. aL Nivages: #10e¥- Se 0, ps Aree 1 © Equiioxwum * Ce*) = Sx PL scorrent morect price S= n> ne. o& Moe AO Se, epLreroned. 2 Nek _ Income @ers po & PROS = NT x Dividend Payger Ratro @ Divideok - Tokat pividend = Toko’ — —____ G Ps no. oy SHO Scanned with CamScanner mon as valve (Valve of a sm afte it ss inverted oven one OF mere powed) 4, ote pote ve Pv(Lti) > single pewod ~ a py (1+i)"s moth powed - ea = T ev [evr > tabvlay method- Cvolwe today ef fete corh plow ov Fever of cosh flow) -pv= _—V_ 5 single posed -pv:_FV_ > moti period. Gay : ~ PV = FV (PVIF;,n) > tabular method: Diseot vobe > Tp thene in Geno discount vate ie. @), PY = FV. > Sesion of. poeaent of val amount at pred ‘otewals ox spenfsta pure emiods- selena y f- oon acnvity > poament ‘eceo¥ ok end- of each. posod. sor 3 2 S000 sooo goeD @ Annoity, due > poymment ocev¥ ot magne of each pesicd ° dow + 2; te ean Soon Seve Pv fev in Gane an Oxdinaty Annui Fv, = PMT [es] , FYe PMT (FVIFA; ,) seein [eta [ae iced PY 2 [| » PV,.= PMT (evira;.) — ‘ ts 2 Scanned with CamScanner = _ Ut ~~ Pv lev in cane of annvity due 2s FV,2 PNT jor | ed FMT PMT (FVIFAs 5) (ays) ye = emt [ 2-2 : i PV, . a i , Pva = PMT (PVIFA:,.)(s43) @ Uneven Cash Flows > sewers oF cao ows in which the amount vorrer —_—_—_—————__ prom one perod 4o. the next- Pye _CFe_ 4g Ce C3 Ch u Curip Caiy> Tey FV, = CE (14 iP te CH Lt ot Che (ie & Forwre value Ko cone ma chai number og year in CEy fe. m= Bott rune For example , 5 yrs somma Fo period cha trons. Ev = CF (14i)P 4 Cm, [vate CFs NTF - @ Gemi annval and other. cemmpounding pehiod - Semi onnval > FV = py(ae eye - Goortnty, corrgovn ding > Fv Pv (+ viye ~ Montioy compoonairg > Fv = pv (+ ye qpoted Cees tive annual interes vate = ( 1% Temngte J. @ &ped ( feedle (ie ne: a, compound \ pevod poe inrenert VOD @ Fe wrens 4 Acta = Faster of ected rretven > Loinen sate pects tous en Se] Aerood eepectes 8 ek _pector Factor mgnes wee Teer xa in benseens Scanned with CamScanner

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