Cost of capital 9%

CF 0 1 2 3 4 5
Year 2012 2013 – June 2014 – June 2015 – June 2016 – June 2017 – June
Amazoni 52,145 10,429 16,310 2,175 36,280 8,691
Macrosoft 52,145 17,382 41,230 4,610 5,179 13,036
Goofle 52,145 6,518 2,802 2,788 36,790 26,073

DCF 2012 (CF0) 2013 – June 2014 – June 2015 – June 2016 – June 2017 – June
Amazoni 52,145 9,568 13,728 1,679 25,702 5,648
Macrosoft 52,145 15,946 34,702 3,560 3,669 8,473
Goofle 52,145 5,980 2,358 2,153 26,063 16,945

Payback
Amazoni 52,145 61,713 75,441 77,120 102,822 108,470
Macrosoft 52,145 68,091 102,794 106,354 110,023 118,495
Goofle 52,145 58,125 60,483 62,636 88,699 105,644

52145 101352145
 6 7 8 9 10
2018 – June 2019 – June 2020 – June 2021 – June 2022 – June IRR
8,580 9,557 12,415 16,734 7,449 Err:523 2nd
1,000 13,697 1,872 25,780 26,073 Err:523 1st
5,796 5,627 7,200 12,151 10,429 Err:523 3rd

2018 – June 2019 – June 2020 – June 2021 – June 2022 – June NPV
5,116 5,228 6,231 7,705 3,147 135,896 2nd
596 7,493 939 11,870 11,013 150,407 1st
3,456 3,078 3,613 5,595 4,405 125,792 3rd

PB PB Adjusted
113,586 118,814 125,045 132,750 135,896 - 6.23 - 0.00 2nd
119,092 126,584 127,524 139,394 150,407 - 5.31 - 0.96 1st
109,100 112,179 115,792 121,387 125,792 - 7.08 - 1.23 3rd