START-UP EXPENSE

INITIAL COST OF NEW ASSETS (CAPEX)

Tangible Fixed Asset
No. Item
1 Cải tạo mặt bằng
2 Máy tính
3 Bàn làm việc
4 Máy in nhiệt
5 Giá để đồ
6 Nội thất và trang trí
7 Điều hòa
8
9
10
11
12
13
14
15
16
17
Total
Intangible Fixed Asset
No. Item
1 Brand identity (Logo, sign, menu, etc.)
2 License costs and legal procedures
Total

Working Capital Investment

No. ITEM
1 Supplies
2 Invest in cash
3 Inventory
Total

DEPRECIATION AND AM

No. Capital assets

DEPRECIATIO
1 Cải tạo mặt bằng
2 Máy tính
3 Bàn làm việc
4 Máy in nhiệt
5 Giá để đồ
6 Nội thất và trang trí
 7 Điều hòa
8 0
9 0
10 0
11 0
12 0
13 0
14 0
15 0
16 0
17 0
Total
AMORTIZATIO
1 Brand identity (Logo, sign, menu, etc.)
2 License costs and legal procedures
Total
 Tangible Fixed Asset
Unit Cost/unit Total
1 20,000,000 ₫ 20,000,000 ₫
6 5,790,000 ₫ 34,740,000 ₫
6 500,000 ₫ 3,000,000 ₫
1 1,390,000 ₫ 1,390,000 ₫
5 730,000 ₫ 3,650,000 ₫
1 10,000,000 ₫ 10,000,000 ₫
2 4,300,000 đ 8,600,000 ₫
- ₫
- ₫
- ₫
- ₫
- ₫
- ₫
- ₫
- ₫
- ₫
- ₫
Total 81,380,000 ₫
Intangible Fixed Asset
Unit Cost/unit Total
1 5,000,000 ₫ 5,000,000 ₫
1 10,000,000 ₫ 10,000,000 ₫
Total 15,000,000 ₫

Working Capital Investment

Unit Cost per unit Total Amount
1 5,000,000 ₫ 5,000,000 ₫
1 50,000,000 ₫ 50,000,000 ₫
1 50,000,000 ₫ 50,000,000 ₫
105,000,000 ₫

DEPRECIATION AND AMORTIZATION

Estimated Usefull life
Cost Salvage Value
(year)
DEPRECIATION
20,000,000 ₫ 5 - ₫
34,740,000 ₫ 5 5,000,000 ₫
3,000,000 ₫ 5 500,000 ₫
1,390,000 ₫ 5 - ₫
3,650,000 ₫ 5 1,000,000 ₫
10,000,000 ₫ 5 - ₫
 8,600,000 ₫ 5 2,000,000 ₫
- ₫ 5
- ₫ 5
- ₫ 5
- ₫ 5
- ₫ 5
- ₫ 5
- ₫ 5
- ₫ 5
- ₫ 5
- ₫ 5
Total 8,500,000 ₫
AMORTIZATION
5,000,000 ₫ 5 - ₫
10,000,000 ₫ 5 - ₫
Total - ₫
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Depreciation expense per

year

4,000,000
5,948,000
500,000
278,000
530,000
2,000,000
 1,320,000
0
0
0
0
0
0
0
0
0
0
14,576,000 ₫

1,000,000
2,000,000
3,000,000
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 COST OF GOODS SOLD
Number/day
No ITEM Cost
(Estimated)
1 Gối chườm thảo mộc cỡ nhỏ 8 120,000 ₫
2 Gối chườm thảo mộc cỡ vừa 5 180,000 ₫
3 Gối chườm thảo mộc cỡ lớn 3 250,000 ₫
4 Túi chườm mắt 5 120,000 ₫
5 Đai chườm thảo mộc đầu gối loại 2 8 350,000 ₫
6 Đai chườm thảo mộc đầu gối loại 1 5 600,000 ₫
7 Túi chườm vai gáy loại 2 8 350,000 ₫
8 Túi chườm vai gáy loại 1 5 600,000 ₫
9 Dai chườm lưng bụng 5 600,000 ₫
Total

LABOUR COST
No. Number Salary

1 Manage 1 20,000,000
2 Nhân viên sale/ads 1 10,000,000
3 Nhận viên trực page 2 10,000,000
4 Nhân viên đóng gói 5 8,000,000
Total 7

SCENARIO 1: OPERATING EXPENSE

Fixed cost
No Expense Mount per month Year 1
1 Labor cost 90,000,000 1,080,000,000
2 Rental Expense 10,000,000 120,000,000
3 Management fee 10,000,000 120,000,000
4 Maintenance expense 20,000,000 240,000,000
Variable cost
2 Utility cost (electric, water,…) 20,000,000 240,000,000
3 Marketing expense 10% Revenue 10% Revenue
4 Supplies Expenses 40,000,000 480,000,000
5 Other expense 20,000,000 240,000,000
 SCENARIO 2: OPERATING EXPENSE
Fixed cost
No Expense Mount per month Year 1
1 Labor cost 90,000,000 1,080,000,000
2 Rental Expense 10,000,000 120,000,000
3 Management fee 10,000,000 120,000,000
4 Maintenance expense 20,000,000 240,000,000
Variable cost
2 Utility cost (electric, water,…) 20,000,000 240,000,000
3 Marketing expense 8% Revenue 8% Revenue
4 Supplies Expenses 30,000,000 360,000,000
5 Other expense 20,000,000 240,000,000

SCENARIO 3: OPERATING EXPENSE

Fixed cost
No Expense Mount per month Year 1
1 Labor cost 90,000,000 1,080,000,000
2 Rental Expense 10,000,000 120,000,000
3 Management fee 10,000,000 120,000,000
4 Maintenance expense 20,000,000 240,000,000
Variable cost
2 Utility cost (electric, water,…) 20,000,000 240,000,000
3 Marketing expense 6% Revenue 6% Revenue
4 Supplies Expenses 20,000,000 240,000,000
5 Other expense 20,000,000 240,000,000
 Total cost/day Total cost/year

960,000 ₫ 350,400,000 ₫
900,000 ₫ 328,500,000 ₫
750,000 ₫ 273,750,000 ₫
600,000 ₫ 219,000,000 ₫
2,800,000 ₫ 1,022,000,000 ₫
3,000,000 ₫ 1,095,000,000 ₫
2,800,000 ₫ 1,022,000,000 ₫
3,000,000 ₫ 1,095,000,000 ₫
3,000,000 ₫ 1,095,000,000 ₫
17,810,000 ₫ 6,500,650,000 ₫

Salary
Year
expenses/month
20,000,000 240,000,000
10,000,000 120,000,000
20,000,000 240,000,000
40,000,000 480,000,000
90,000,000 1,080,000,000

OPERATING EXPENSE
Fixed cost
Year 2 Year 3 Year 4 Year 5
1,188,000,000 1,306,800,000 1,437,480,000 1,581,228,000
120,000,000 120,000,000 120,000,000 120,000,000
129,600,000 139,968,000 151,165,440 163,258,675
264,000,000 290,400,000 319,440,000 351,384,000
ariable cost
276,000,000 317,400,000 365,010,000 419,761,500
10% Revenue 10% Revenue 10% Revenue 10% Revenue
528,000,000 580,800,000 638,880,000 702,768,000
240,000,000 240,000,000 240,000,000 240,000,000
 OPERATING EXPENSE
Fixed cost
Year 2 Year 3 Year 4 Year 5
1,166,400,000 1,259,712,000 1,360,488,960 1,469,328,077
120,000,000 120,000,000 120,000,000 120,000,000
120,000,000 120,000,000 120,000,000 120,000,000
259,200,000 279,936,000 302,330,880 326,517,350
ariable cost
264,000,000 290,400,000 319,440,000 351,384,000
8% Revenue 8% Revenue 8% Revenue 8% Revenue
388,800,000 419,904,000 453,496,320 489,776,026
240,000,000 240,000,000 240,000,000 240,000,000

OPERATING EXPENSE
Fixed cost
Year 2 Year 3 Year 4 Year 5
1,134,000,000 1,190,700,000 1,250,235,000 1,312,746,750
120,000,000 120,000,000 120,000,000 120,000,000
120,000,000 120,000,000 120,000,000 120,000,000
252,000,000 264,600,000 277,830,000 291,721,500
ariable cost
247,200,000 254,616,000 262,254,480 270,122,114
6% Revenue 6% Revenue 6% Revenue 6% Revenue
252,000,000 264,600,000 277,830,000 291,721,500
240,000,000 240,000,000 240,000,000 240,000,000
Tăng 10% mỗi năm

Tăng 8% mỗi năm

Tăng 10% mỗi năm.

Tăng 15% mỗi năm

Tăng 10% mỗi năm

Tăng 8% mỗi năm

Tăng 8% mỗi năm.

Tăng 10% mỗi năm

Tăng 8% mỗi năm

Tăng 5% mỗi năm

Tăng 5% mỗi năm.

Tăng 3% mỗi năm

Tăng 5% mỗi năm

 Sale in the first year

No Product Number/day (Estimated)

1 Gối chườm thảo mộc cỡ nhỏ 8

2 Gối chườm thảo mộc cỡ vừa 5
3 Gối chườm thảo mộc cỡ lớn 3
4 Túi chườm mắt 5
5 Đai chườm thảo mộc đầu gối loại 2 8
6 Đai chườm thảo mộc đầu gối loại 1 5
7 Túi chườm vai gáy loại 2 8
8 Túi chườm vai gáy loại 1 5
9 Dai chườm lưng bụng 5
TOTAL SALE 52

Sale and COGS growth

Year 1
120% estimated first year
Assumption of expected Growth rate
sales
COGS 7,800,780,000 ₫
Sale 12,330,576,000 ₫
Total Unit Sale 22776.00

Sale and COGS growth

Year 1
100% estimated first year
Assumption of expected Growth rate
sales
COGS 6,500,650,000 ₫
Sale 10,275,480,000 ₫
Total Unit Sale 18980.00

Sale and COGS growth

Year 1
80% estimated first year
Assumption of expected Growth rate
sales
COGS 5,200,520,000 ₫
Sale 8,220,384,000 ₫
Total Unit Sale 15184
the first year

Price per unit Total per day Total per year

198,000 ₫ 1,584,000 ₫ 578,160,000 ₫

298,000 ₫ 1,490,000 ₫ 543,850,000 ₫
398,000 ₫ 1,194,000 ₫ 435,810,000 ₫
198,000 ₫ 990,000 ₫ 361,350,000 ₫
529,000 ₫ 4,232,000 ₫ 1,544,680,000 ₫
920,000 ₫ 4,600,000 ₫ 1,679,000,000 ₫
539,000 ₫ 4,312,000 ₫ 1,573,880,000 ₫
975,000 ₫ 4,875,000 ₫ 1,779,375,000 ₫
975,000 ₫ 4,875,000 ₫ 1,779,375,000 ₫
28,152,000 ₫ 10,275,480,000 ₫

nd COGS growth rate of Scenario 1

2 3 4

15% 10% 8%

8,970,897,000 ₫ 9,867,986,700 ₫ 10,657,425,636 ₫

14,180,162,400 ₫ 15,598,178,640 ₫ 16,846,032,931 ₫
26192.40 28811.64 31116.57

nd COGS growth rate of Scenario 2

2 3 4

10% 8% 5%

7,150,715,000 ₫ 7,722,772,200 ₫ 8,108,910,810 ₫

11,303,028,000 ₫ 12,207,270,240 ₫ 12,817,633,752 ₫
20878.00 22548.24 23675.65

nd COGS growth rate of Scenario 3

2 3 4

-3% -3% -2%

5,044,504,400 ₫ 4,893,169,268 ₫ 4,795,305,883 ₫

7,973,772,480 ₫ 7,734,559,306 ₫ 7,579,868,119 ₫
14,728 14,287 14,001
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5%

11,190,296,918 ₫
17,688,334,578 ₫
32672.40

3%

8,352,178,134 ₫
13,202,162,765 ₫
24385.92

0%

4,795,305,883 ₫
7,579,868,119 ₫
14,001
 BALANCE
Year 0
Ass
Current Asset
Cash 50,000,000 ₫
Account Receiable - ₫
Prepaid Rental Expenses - ₫
Inventory 50,000,000 ₫
Supplies 5,000,000 ₫
Total Current Asset 105,000,000 ₫
Long term Asset
Net Tangible Fixed Asset 81,380,000 ₫
Asset cost 81,380,000 ₫
Less: Accumulated Depreciation
Loss on Disposal of Equipment
Net Intangible Fixed Asset 15,000,000 ₫
Asset cost 15,000,000 ₫
Less: Accumulated amortization
Total Long term Asset 96,380,000 ₫
Total Asset 201,380,000 ₫
Total Lia
Current Liabilities - ₫
Longterm Liabilities - ₫
Total Liabilities - ₫
Total E
Contributed Capital 201,380,000 ₫
Retained Earnings - ₫
Total Equity
Total Funding 201,380,000 ₫

Estimated C
Year 0
START-UP EXPENSE
CAPEX - 96,380,000 ₫
Working Capital - 105,000,000 ₫
EBITDA
 D&A
EBIT
Interest expenses
EBT
Tax expenses (20%)
NOPAT
Plus: D&A
Cash Flow From Operations
Less: Capital Expenditure
Less: Change in Working capital
Plus: After tax- salvage value
FCF
Net Cash Flows - 201,380,000 ₫

Assumtion fo
Financal Ratios
Gross Profit Margin
Net Profit Margin
Operating profit margin
ROA
ROE
Break Even Point

Year
0
1
2
3
4
5
Estimated Cost of capital
Possibility
NPV
IRR
PAYBACK PERIOD (year)
DISCOUTED PAYBACK PERIOD (y
PROFITABILITY INDEX (PI)
 BALANCE SHEET
1 2 3
Assets

654,905,920 ₫ 1,494,940,448 ₫ 2,428,460,509 ₫

- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
70,000,000 ₫ 70,000,000 ₫ 80,000,000 ₫
5,000,000 ₫ 5,000,000 ₫ 5,000,000 ₫
729,905,920 ₫ 1,569,940,448 ₫ 2,513,460,509 ₫

66,804,000 ₫ 52,228,000 ₫ 37,652,000 ₫

81,380,000 ₫ 81,380,000 ₫ 81,380,000 ₫
- 14,576,000 ₫ - 29,152,000 ₫ - 43,728,000 ₫
- ₫ - ₫ - ₫
12,000,000 ₫ 9,000,000 ₫ 6,000,000 ₫
15,000,000 ₫ 15,000,000 ₫ 15,000,000 ₫
- 3,000,000 ₫ - 6,000,000 ₫ - 9,000,000 ₫
78,804,000 ₫ 61,228,000 ₫ 43,652,000 ₫
808,709,920 ₫ 1,631,168,448 ₫ 2,557,112,509 ₫
Total Liabilities
- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
Total Equity
201,380,000 ₫ 808,709,920 ₫ 1,631,168,448 ₫
607,329,920 ₫ 822,458,528 ₫ 925,944,061 ₫
808,709,920 ₫ 1,631,168,448 ₫ 2,557,112,509 ₫
808,709,920 ₫ 1,631,168,448 ₫ 2,557,112,509 ₫

Estimated Cash Flow

Year 1 Year 2 Year 3

776,738,400 ₫ 1,045,649,160 ₫ 1,175,006,076 ₫

 - 17,576,000 ₫ - 17,576,000 ₫ - 17,576,000 ₫
759,162,400 ₫ 1,028,073,160 ₫ 1,157,430,076 ₫
- ₫ - ₫ - ₫
759,162,400 ₫ 1,028,073,160 ₫ 1,157,430,076 ₫
- 151,832,480 ₫ - 205,614,632 ₫ - 231,486,015 ₫
607,329,920 ₫ 822,458,528 ₫ 925,944,061 ₫
17,576,000 ₫ 17,576,000 ₫ 17,576,000 ₫
624,905,920 ₫ 840,034,528 ₫ 943,520,061 ₫
- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
624,905,920 ₫ 840,034,528 ₫ 943,520,061 ₫
624,905,920 ₫ 840,034,528 ₫ 943,520,061 ₫

Assumtion for Scenario 1

1 2 3
0.37 0.37 0.37
0.05 0.06 0.06
0.06 0.07 0.07
75.10% 50.42% 36.21%
75.10% 50.42% 36.21%
3,504.86 3,803.42 4,147.86

Financial indicators
Cash flow Remind cost DISCOUNTED NCF
- 201,380,000 ₫ - 201,380,000 ₫ - 201,380,000 ₫
624,905,920 ₫ 423,525,920 ₫ 578,616,593 ₫
840,034,528 ₫ 1,263,560,448 ₫ 720,194,211 ₫
943,520,061 ₫ 2,207,080,509 ₫ 748,996,644 ₫
989,138,050 ₫ 3,196,218,558 ₫ 727,045,995 ₫
932,658,422 ₫ 4,128,876,980 ₫ 634,751,650 ₫
d Cost of capital
ty

K PERIOD (year)
TED PAYBACK PERIOD (year)
ABILITY INDEX (PI)
 4 5

3,407,598,558 ₫ 4,340,256,980 ₫
- ₫ - ₫
- ₫ - ₫
90,000,000 ₫ 90,000,000 ₫
5,000,000 ₫ 5,000,000 ₫
3,502,598,558 ₫ 4,435,256,980 ₫

23,076,000 ₫ - ₫
81,380,000 ₫ 81,380,000 ₫
- 58,304,000 ₫ - 72,880,000 ₫
- ₫ - 8,500,000 ₫
3,000,000 ₫ - ₫
15,000,000 ₫ 15,000,000 ₫
- 12,000,000 ₫ - 15,000,000 ₫
26,076,000 ₫ - ₫
3,528,674,558 ₫ 4,435,256,980 ₫

- ₫ - ₫
- ₫ - ₫
- ₫ - ₫

2,557,112,509 ₫ 3,528,674,558 ₫
971,562,050 ₫ 906,582,422 ₫
3,528,674,558 ₫ 4,435,256,980 ₫
3,528,674,558 ₫ 4,435,256,980 ₫

Year 4 Year 5

1,232,028,562 ₫ 1,150,804,027 ₫
- 17,576,000 ₫ - 17,576,000 ₫
1,214,452,562 ₫ 1,133,228,027 ₫
- ₫ - ₫
1,214,452,562 ₫ 1,133,228,027 ₫
- 242,890,512 ₫ - 226,645,605 ₫
971,562,050 ₫ 906,582,422 ₫
17,576,000 ₫ 17,576,000 ₫
989,138,050 ₫ 924,158,422 ₫
- ₫ - ₫
- ₫ - ₫
- ₫ 8,500,000 ₫
989,138,050 ₫ 932,658,422 ₫
989,138,050 ₫ 932,658,422 ₫

4 5
0.37 0.37
0.06 0.05
0.07 0.06
27.53% 20.44%
27.53% 20.44%
4,534.35 4,973.41

CUMMULATIVE
NCF
- 201,380,000 ₫
377,236,593 ₫
1,097,430,804 ₫
1,846,427,448 ₫
2,573,473,443 ₫
3,208,225,093 ₫
8%
30%
3,208,225,093 ₫
337.33%
0.50
 0.48
16.93
 Incom

Revenue
COGS
Gross Profit
Cash operating expense
Fixed Cost
Labor cost
Rental Expense
Management fee
Maintenance expense
Variable cost
Utility cost (electric, water,…)
Marketing expense
Supplies Expenses
Other expense
EBITDA
D&A
EBIT = EBITDA - D&A
Interest expenses
EBT
Tax expenses (20%)
Net Income

Cash Fl

Cash Flow From Operating Activies

Profit (loss) before tax
Adjustments for:
Depreciation And Amortization
Profit from operating activities before changes in working capital
 Increase in inventory
Corporate income tax paid
Net Cash Flow From Operating Activies
Cash Flow From Investing Activies
Money spent to buy and build fixed assets
Cash received from liquidation
Net Cash Flow From Investing
Cash Flow From Financing Activies
Net Cash Flow From Financing Activies
Net Cash Flow
 Income Statement
Year 1 Year 2 Year 3
12,330,576,000 ₫ 14,180,162,400 ₫ 15,598,178,640 ₫
- 7,800,780,000 ₫ - 8,970,897,000 ₫ - 9,867,986,700 ₫
4,529,796,000 ₫ 5,209,265,400 ₫ 5,730,191,940 ₫
- 3,753,057,600 ₫ - 4,163,616,240 ₫ - 4,555,185,864 ₫
- 1,560,000,000 ₫ - 1,701,600,000 ₫ - 1,857,168,000 ₫
- 1,080,000,000 ₫ - 1,188,000,000 ₫ - 1,306,800,000 ₫
- 120,000,000 ₫ - 120,000,000 ₫ - 120,000,000 ₫
- 120,000,000 ₫ - 129,600,000 ₫ - 139,968,000 ₫
- 240,000,000 ₫ - 264,000,000 ₫ - 290,400,000 ₫
- 2,193,057,600 ₫ - 2,462,016,240 ₫ - 2,698,017,864 ₫
- 240,000,000 ₫ - 276,000,000 ₫ - 317,400,000 ₫
- 1,233,057,600 ₫ - 1,418,016,240 ₫ - 1,559,817,864 ₫
- 480,000,000 ₫ - 528,000,000 ₫ - 580,800,000 ₫
- 240,000,000 ₫ - 240,000,000 ₫ - 240,000,000 ₫
776,738,400 ₫ 1,045,649,160 ₫ 1,175,006,076 ₫
- 17,576,000 ₫ - 17,576,000 ₫ - 17,576,000 ₫
759,162,400 ₫ 1,028,073,160 ₫ 1,157,430,076 ₫
- ₫ - ₫ - ₫
759,162,400 ₫ 1,028,073,160 ₫ 1,157,430,076 ₫
- 151,832,480 ₫ - 205,614,632 ₫ - 231,486,015 ₫
607,329,920 ₫ 822,458,528 ₫ 925,944,061 ₫

Cash Flow Statement

1 2 3

759,162,400 ₫ 1,028,073,160 ₫ 1,157,430,076 ₫

17,576,000 ₫ 17,576,000 ₫ 17,576,000 ₫

776,738,400 ₫ 1,045,649,160 ₫ 1,175,006,076 ₫
- 20,000,000 ₫ - ₫ - 10,000,000 ₫
- 151,832,480 ₫ - 205,614,632 ₫ - 231,486,015 ₫
604,905,920 ₫ 840,034,528 ₫ 933,520,061 ₫

- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
- ₫ - ₫ - ₫

- ₫ - ₫ - ₫
604,905,920 ₫ 840,034,528 ₫ 933,520,061 ₫
 Year 4 Year 5
16,846,032,931 ₫ 17,688,334,578 ₫
- 10,657,425,636 ₫ - 11,190,296,918 ₫
6,188,607,295 ₫ 6,498,037,660 ₫
- 4,956,578,733 ₫ - 5,347,233,633 ₫
- 2,028,085,440 ₫ - 2,215,870,675 ₫
- 1,437,480,000 ₫ - 1,581,228,000 ₫
- 120,000,000 ₫ - 120,000,000 ₫
- 151,165,440 ₫ - 163,258,675 ₫
- 319,440,000 ₫ - 351,384,000 ₫
- 2,928,493,293 ₫ - 3,131,362,958 ₫
- 365,010,000 ₫ - 419,761,500 ₫
- 1,684,603,293 ₫ - 1,768,833,458 ₫
- 638,880,000 ₫ - 702,768,000 ₫
- 240,000,000 ₫ - 240,000,000 ₫
1,232,028,562 ₫ 1,150,804,027 ₫
- 17,576,000 ₫ - 17,576,000 ₫
1,214,452,562 ₫ 1,133,228,027 ₫
- ₫ - ₫
1,214,452,562 ₫ 1,133,228,027 ₫
- 242,890,512 ₫ - 226,645,605 ₫
971,562,050 ₫ 906,582,422 ₫

4 5

1,214,452,562 ₫ 1,133,228,027 ₫

17,576,000 ₫ 17,576,000 ₫
1,232,028,562 ₫ 1,150,804,027 ₫
- 10,000,000 ₫ - ₫
- 242,890,512 ₫ - 226,645,605 ₫
979,138,050 ₫ 924,158,422 ₫

- ₫ - ₫
- ₫ 8,500,000 ₫
- ₫ 8,500,000 ₫

- ₫ - ₫
979,138,050 ₫ 932,658,422 ₫
 Year

Current Asset
Cash
Account Receiable
Prepaid Rental Expenses
Inventory
Supplies
Total Current Asset
Long term Asset
Net Tangible Fixed Asset
Asset cost
Less: Accumulated Depreciation
Loss on Disposal of Tangible Fixed Asset
Net Intangible Fixed Asset
Asset cost
Less: Accumulated amortization
Total Long term Asset
Total Asset

Current Liabilities
Longterm Liabilities
Total Liabilities

Contributed Capital
Retained Earnings
Total Equity
Total Funding

START-UP EXPENSE
CAPEX
Working Capital
EBITDA
D&A
EBIT
Interest expenses
EBT
Tax expenses
NOPAT
Plus: D&A
Cash Flow From Operations
Less: Capital Expenditure
Less: Change in Working capital
Plus: After tax- salvage value
FCF
Net Cash Flows

A
Financal Ratios
Gross Profit Margin
Net Profit Margin
Operating profit margin
ROA
ROE
Break Even Point
 BALANCE SHEET
0 1 2
Assets

50,000,000 ₫ 475,748,480 ₫ 1,031,000,288 ₫

- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
50,000,000 ₫ 70,000,000 ₫ 70,000,000 ₫
5,000,000 ₫ 5,000,000 ₫ 5,000,000 ₫
105,000,000 ₫ 550,748,480 ₫ 1,106,000,288 ₫

81,380,000 ₫ 66,804,000 ₫ 52,228,000 ₫

81,380,000 ₫ 81,380,000 ₫ 81,380,000 ₫
- 14,576,000 ₫ - 29,152,000 ₫
- ₫ - ₫ - ₫
15,000,000 ₫ 12,000,000 ₫ 9,000,000 ₫
15,000,000 ₫ 15,000,000 ₫ 15,000,000 ₫
- 3,000,000 ₫ - 6,000,000 ₫
96,380,000 ₫ 78,804,000 ₫ 61,228,000 ₫
201,380,000 ₫ 629,552,480 ₫ 1,167,228,288 ₫
Total Liabilities
- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
Total Equity
201,380,000 ₫ 201,380,000 ₫ 629,552,480 ₫
- ₫ 428,172,480 ₫ 537,675,808 ₫
201,380,000 ₫ 629,552,480 ₫ 1,167,228,288 ₫
201,380,000 ₫ 629,552,480 ₫ 1,167,228,288 ₫

Estimated Cash Flow

Year 0 Year 1 Year 2

- 96,380,000 ₫
- 105,000,000 ₫
 552,791,600 ₫ 689,670,760 ₫
- 17,576,000 ₫ - 17,576,000 ₫
535,215,600 ₫ 672,094,760 ₫
- ₫ - ₫
535,215,600 ₫ 672,094,760 ₫
- 107,043,120 ₫ - 134,418,952 ₫
428,172,480 ₫ 537,675,808 ₫
17,576,000 ₫ 17,576,000 ₫
445,748,480 ₫ 555,251,808 ₫
- ₫ - ₫
- ₫ - ₫
- ₫ - ₫
445,748,480 ₫ 555,251,808 ₫
- 201,380,000 ₫ 445,748,480 ₫ 555,251,808 ₫

Assumtion for Scenario 2

1 2
0.37 0.37
0.04 0.05
0.05 0.06
68.01% 46.06%
68.01% 46.06%
4,125.01 4,589.33

Financial indicators
Year Cash flow Remind cost
0 - 201,380,000 ₫ - 201,380,000 ₫
1 445,748,480 ₫ 244,368,480 ₫
2 555,251,808 ₫ 799,620,288 ₫
3 625,886,737 ₫ 1,425,507,025 ₫
4 617,560,065 ₫ 2,043,067,090 ₫
5 553,460,125 ₫ 2,596,527,215 ₫
Estimated Cost of capital
Possibility
NPV
IRR
PAYBACK PERIOD (year)
DISCOUTED PAYBACK PERIOD (year)
PROFITABILITY INDEX (PI)
 3 4 5

1,646,887,025 ₫ 2,254,447,090 ₫ 2,807,907,215 ₫

- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
80,000,000 ₫ 90,000,000 ₫ 90,000,000 ₫
5,000,000 ₫ 5,000,000 ₫ 5,000,000 ₫
1,731,887,025 ₫ 2,349,447,090 ₫ 2,902,907,215 ₫

37,652,000 ₫ 23,076,000 ₫ - ₫
81,380,000 ₫ 81,380,000 ₫ 81,380,000 ₫
- 43,728,000 ₫ - 58,304,000 ₫ - 72,880,000 ₫
- ₫ - ₫ - 8,500,000 ₫
6,000,000 ₫ 3,000,000 ₫ - ₫
15,000,000 ₫ 15,000,000 ₫ 15,000,000 ₫
- 9,000,000 ₫ - 12,000,000 ₫ - 15,000,000 ₫
43,652,000 ₫ 26,076,000 ₫ - ₫
1,775,539,025 ₫ 2,375,523,090 ₫ 2,902,907,215 ₫

- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
- ₫ - ₫ - ₫

1,167,228,288 ₫ 1,775,539,025 ₫ 2,375,523,090 ₫

608,310,737 ₫ 599,984,065 ₫ 527,384,125 ₫
1,775,539,025 ₫ 2,375,523,090 ₫ 2,902,907,215 ₫
1,775,539,025 ₫ 2,375,523,090 ₫ 2,902,907,215 ₫

Year 3 Year 4 Year 5

 777,964,421 ₫ 767,556,082 ₫ 676,806,156 ₫
- 17,576,000 ₫ - 17,576,000 ₫ - 17,576,000 ₫
760,388,421 ₫ 749,980,082 ₫ 659,230,156 ₫
- ₫ - ₫ - ₫
760,388,421 ₫ 749,980,082 ₫ 659,230,156 ₫
- 152,077,684 ₫ - 149,996,016 ₫ - 131,846,031 ₫
608,310,737 ₫ 599,984,065 ₫ 527,384,125 ₫
17,576,000 ₫ 17,576,000 ₫ 17,576,000 ₫
625,886,737 ₫ 617,560,065 ₫ 544,960,125 ₫
- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
- ₫ - ₫ 8,500,000 ₫
625,886,737 ₫ 617,560,065 ₫ 553,460,125 ₫
625,886,737 ₫ 617,560,065 ₫ 553,460,125 ₫

3 4 5
0.37 0.37 0.37
0.05 0.05 0.04
0.06 0.06 0.05
34.26% 25.26% 18.17%
34.26% 25.26% 18.17%
4,987.61 5,492.87 6,011.48

dicators
CUMMULATIVE
DISCOUNTED NCF
NCF
- 201,380,000 ₫ - 201,380,000 ₫
412,730,074 ₫ 211,350,074 ₫
476,038,930 ₫ 687,389,004 ₫
496,849,071 ₫ 1,184,238,075 ₫
453,925,084 ₫ 1,638,163,159 ₫
376,675,661 ₫ 2,014,838,820 ₫
8%
40%
2,014,838,820 ₫
239.45%
0.56
0.56
11.01
 Inc

Revenue
COGS
Gross Profit
Cash operating expense
Fixed Cost
Labor cost
Rental Expense
Management fee
Maintenance expense
Variable cost
Utility cost (electric, water,…)
Marketing expense
Supplies Expenses
Other expense
EBITDA
D&A
EBIT = EBITDA - D&A
Interest expenses
EBT
Tax expenses
Net Income

Cash

Cash Flow From Operating Activies

Profit (loss) before tax
Adjustments for:
Depreciation And Amortization
 Profit from operating activities before changes in working capital
Increase in inventory
Corporate income tax paid
Net Cash Flow From Operating Activies
Cash Flow From Investing Activies
Money spent to buy and build fixed assets
Cash received from liquidation
Net Cash Flow From Investing
Cash Flow From Financing Activies
Net Cash Flow From Financing Activies
Net Cash Flow
 Income Statement
Year 1 Year 2 Year 3
10,275,480,000 ₫ 11,303,028,000 ₫ 12,207,270,240 ₫
- 6,500,650,000 ₫ - 7,150,715,000 ₫ - 7,722,772,200 ₫
3,774,830,000 ₫ 4,152,313,000 ₫ 4,484,498,040 ₫
- 3,222,038,400 ₫ - 3,462,642,240 ₫ - 3,706,533,619 ₫
- 1,560,000,000 ₫ - 1,665,600,000 ₫ - 1,779,648,000 ₫
- 1,080,000,000 ₫ - 1,166,400,000 ₫ - 1,259,712,000 ₫
- 120,000,000 ₫ - 120,000,000 ₫ - 120,000,000 ₫
- 120,000,000 ₫ - 120,000,000 ₫ - 120,000,000 ₫
- 240,000,000 ₫ - 259,200,000 ₫ - 279,936,000 ₫
- 1,662,038,400 ₫ - 1,797,042,240 ₫ - 1,926,885,619 ₫
- 240,000,000 ₫ - 264,000,000 ₫ - 290,400,000 ₫
- 822,038,400 ₫ - 904,242,240 ₫ - 976,581,619 ₫
- 360,000,000 ₫ - 388,800,000 ₫ - 419,904,000 ₫
- 240,000,000 ₫ - 240,000,000 ₫ - 240,000,000 ₫
552,791,600 ₫ 689,670,760 ₫ 777,964,421 ₫
- 17,576,000 ₫ - 17,576,000 ₫ - 17,576,000 ₫
535,215,600 ₫ 672,094,760 ₫ 760,388,421 ₫
- ₫ - ₫ - ₫
535,215,600 ₫ 672,094,760 ₫ 760,388,421 ₫
- 107,043,120 ₫ - 134,418,952 ₫ - 152,077,684 ₫
428,172,480 ₫ 537,675,808 ₫ 608,310,737 ₫

Cash Flow Statement

1 2 3

535,215,600 ₫ 672,094,760 ₫ 760,388,421 ₫

17,576,000 ₫ 17,576,000 ₫ 17,576,000 ₫

 552,791,600 ₫ 689,670,760 ₫ 777,964,421 ₫
- 20,000,000 ₫ - ₫ - 10,000,000 ₫
- 107,043,120 ₫ - 134,418,952 ₫ - 152,077,684 ₫
425,748,480 ₫ 555,251,808 ₫ 615,886,737 ₫

- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
- ₫ - ₫ - ₫

- ₫ - ₫ - ₫
425,748,480 ₫ 555,251,808 ₫ 615,886,737 ₫
 Year 4 Year 5
12,817,633,752 ₫ 13,202,162,765 ₫
- 8,108,910,810 ₫ - 8,352,178,134 ₫
4,708,722,942 ₫ 4,849,984,630 ₫
- 3,941,166,860 ₫ - 4,173,178,474 ₫
- 1,902,819,840 ₫ - 2,035,845,427 ₫
- 1,360,488,960 ₫ - 1,469,328,077 ₫
- 120,000,000 ₫ - 120,000,000 ₫
- 120,000,000 ₫ - 120,000,000 ₫
- 302,330,880 ₫ - 326,517,350 ₫
- 2,038,347,020 ₫ - 2,137,333,047 ₫
- 319,440,000 ₫ - 351,384,000 ₫
- 1,025,410,700 ₫ - 1,056,173,021 ₫
- 453,496,320 ₫ - 489,776,026 ₫
- 240,000,000 ₫ - 240,000,000 ₫
767,556,082 ₫ 676,806,156 ₫
- 17,576,000 ₫ - 17,576,000 ₫
749,980,082 ₫ 659,230,156 ₫
- ₫ - ₫
749,980,082 ₫ 659,230,156 ₫
- 149,996,016 ₫ - 131,846,031 ₫
599,984,065 ₫ 527,384,125 ₫

4 5

749,980,082 ₫ 659,230,156 ₫

17,576,000 ₫ 17,576,000 ₫
 767,556,082 ₫ 676,806,156 ₫
- 10,000,000 ₫ - ₫
- 149,996,016 ₫ - 131,846,031 ₫
607,560,065 ₫ 544,960,125 ₫

- ₫ 8,500,000 ₫
- ₫ 8,500,000 ₫

- ₫ - ₫
607,560,065 ₫ 553,460,125 ₫
 BALAN
Year 0
A
Current Asset
Cash 50,000,000 ₫
Account Receiable - ₫
Prepaid Rental Expenses - ₫
Inventory 50,000,000 ₫
Supplies 5,000,000 ₫
Total Current Asset 105,000,000 ₫
Long term Asset
Net Tangible Fixed Asset 81,380,000 ₫
Asset cost 81,380,000 ₫
Less: Accumulated Depreciation
Loss on Disposal of Equipment
Net Intangible Fixed Asset 15,000,000 ₫
Asset cost 15,000,000 ₫
Less: Accumulated amortization
Total Long term Asset 96,380,000 ₫
Total Asset 201,380,000 ₫
Total L
Current Liabilities - ₫
Longterm Liabilities - ₫
Total Liabilities - ₫
Tota
Contributed Capital 201,380,000 ₫
Retained Earnings - ₫
Total Equity 201,380,000 ₫
Total Funding 201,380,000 ₫

Estimated
Year 0
START-UP EXPENSE
CAPEX - 96,380,000 ₫
Working Capital - 105,000,000 ₫
EBITDA
D&A
EBIT
Interest expenses
EBT
Tax expenses
NOPAT
Plus: D&A
Cash Flow From Operations
Less: Capital Expenditure
Less: Change in Working capital
Plus: After tax- salvage value
FCF
Net Cash Flows - 201,380,000 ₫

Assumtion
Financal Ratios
Gross Profit Margin
Net Profit Margin
Operating profit margin
ROA
ROE
Break Even Point

Year
0
1
2
3
4
5
Estimated Cost of capital
Possibility
NPV
IRR
PAYBACK PERIOD (year)
DISCOUTED PAYBACK PERIO
PROFITABILITY INDEX (PI)
 BALANCE SHEET
1 2 3
Assets

230,827,968 ₫ 302,856,553 ₫ 234,612,136 ₫

- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
70,000,000 ₫ 70,000,000 ₫ 80,000,000 ₫
5,000,000 ₫ 5,000,000 ₫ 5,000,000 ₫
305,827,968 ₫ 377,856,553 ₫ 319,612,136 ₫

66,804,000 ₫ 52,228,000 ₫ 37,652,000 ₫

81,380,000 ₫ 81,380,000 ₫ 81,380,000 ₫
- 14,576,000 ₫ - 29,152,000 ₫ - 43,728,000 ₫
- ₫ - ₫ - ₫
12,000,000 ₫ 9,000,000 ₫ 6,000,000 ₫
15,000,000 ₫ 15,000,000 ₫ 15,000,000 ₫
- 3,000,000 ₫ - 6,000,000 ₫ - 9,000,000 ₫
78,804,000 ₫ 61,228,000 ₫ 43,652,000 ₫
384,631,968 ₫ 439,084,553 ₫ 363,264,136 ₫
Total Liabilities
- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
Total Equity
201,380,000 ₫ 384,631,968 ₫ 439,084,553 ₫
183,251,968 ₫ 54,452,585 ₫ - 75,820,417 ₫
384,631,968 ₫ 439,084,553 ₫ 363,264,136 ₫
384,631,968 ₫ 439,084,553 ₫ 363,264,136 ₫

Estimated Cash Flow

Year 1 Year 2 Year 3
 246,640,960 ₫ 85,641,731 ₫ - 77,199,521 ₫
- 17,576,000 ₫ - 17,576,000 ₫ - 17,576,000 ₫
229,064,960 ₫ 68,065,731 ₫ - 94,775,521 ₫
- ₫ - ₫ - ₫
229,064,960 ₫ 68,065,731 ₫ - 94,775,521 ₫
- 45,812,992 ₫ - 13,613,146 ₫ 18,955,104 ₫
183,251,968 ₫ 54,452,585 ₫ - 75,820,417 ₫
17,576,000 ₫ 17,576,000 ₫ 17,576,000 ₫
200,827,968 ₫ 72,028,585 ₫ - 58,244,417 ₫
- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
200,827,968 ₫ 72,028,585 ₫ - 58,244,417 ₫
200,827,968 ₫ 72,028,585 ₫ - 58,244,417 ₫

Assumtion for Scenario 3

1 2 3
0.37 0.37 0.37
0.02 0.01 -0.01
0.03 0.01 -0.01
47.64% 12.40% -20.87%
47.64% 12.40% -20.87%
5,070.61 6,303.72 7,501.51

Financial indicators
Cash flow Remind cost DISCOUNTED NCF
- 201,380,000 ₫ - 201,380,000 ₫ - 201,380,000 ₫
200,827,968 ₫ - 552,032 ₫ 185,951,822 ₫
72,028,585 ₫ 71,476,553 ₫ 61,752,902 ₫
- 58,244,417 ₫ 13,232,136 ₫ - 46,236,296 ₫
- 218,379,330 ₫ - 205,147,194 ₫ - 160,515,327 ₫
- 308,041,715 ₫ - 513,188,909 ₫ - 209,648,015 ₫
d Cost of capital
ty
 K PERIOD (year)
TED PAYBACK PERIOD (year)
ABILITY INDEX (PI)
 4 5

6,232,806 ₫ - 301,808,909 ₫
- ₫ - ₫
- ₫ - ₫
90,000,000 ₫ 90,000,000 ₫
5,000,000 ₫ 5,000,000 ₫
101,232,806 ₫ - 206,808,909 ₫

23,076,000 ₫ - ₫
81,380,000 ₫ 81,380,000 ₫
- 58,304,000 ₫ - 72,880,000 ₫
- ₫ - 8,500,000 ₫
3,000,000 ₫ - ₫
15,000,000 ₫ 15,000,000 ₫
- 12,000,000 ₫ - 15,000,000 ₫
26,076,000 ₫ - ₫
127,308,806 ₫ - 206,808,909 ₫

- ₫ - ₫
- ₫ - ₫
- ₫ - ₫

363,264,136 ₫ 127,308,806 ₫
- 235,955,330 ₫ - 334,117,715 ₫
127,308,806 ₫ - 206,808,909 ₫
127,308,806 ₫ - 206,808,909 ₫

Year 4 Year 5
- 218,379,330 ₫ - 316,541,715 ₫
- 17,576,000 ₫ - 17,576,000 ₫
- 235,955,330 ₫ - 334,117,715 ₫
- ₫ - ₫
- 235,955,330 ₫ - 334,117,715 ₫
- ₫ - ₫
- 235,955,330 ₫ - 334,117,715 ₫
17,576,000 ₫ 17,576,000 ₫
- 218,379,330 ₫ - 316,541,715 ₫
- ₫ - ₫
- ₫ - ₫
- ₫ 8,500,000 ₫
- 218,379,330 ₫ - 308,041,715 ₫
- 218,379,330 ₫ - 308,041,715 ₫

4 5
0.37 0.37
-0.03 -0.04
-0.03 -0.04
-185.34% 161.56%
-185.34% 161.56%
8,670.79 9,530.44

CUMMULATIVE
NCF
- 201,380,000 ₫
- 15,428,178 ₫
46,324,724 ₫
88,429 ₫
- 160,426,898 ₫
- 370,074,914 ₫
8%
30%
- 370,074,914 ₫
 Err:523
error
error
-0.84
 Incom

Revenue
COGS
Gross Profit
Cash operating expense
Fixed Cost
Labor cost
Rental Expense
Management fee
Maintenance expense
Variable cost
Utility cost (electric, water,…)
Marketing expense
Supplies Expenses
Other expense
EBITDA
D&A
EBIT = EBITDA - D&A
Interest expenses
EBT
Tax expenses
Net Income

Cash F

Cash Flow From Operating Activies

Profit (loss) before tax
Adjustments for:
Depreciation And Amortization
 Profit from operating activities before changes in working capital
Increase in inventory
Corporate income tax paid
Net Cash Flow From Operating Activies
Cash Flow From Investing Activies
Money spent to buy and build fixed assets
Cash received from liquidation
Net Cash Flow From Investing
Cash Flow From Financing Activies
Net Cash Flow From Financing Activies
Net Cash Flow
 Income Statement
Year 1 Year 2 Year 3
8,220,384,000 ₫ 7,973,772,480 ₫ 7,734,559,306 ₫
- 5,200,520,000 ₫ - 5,044,504,400 ₫ - 4,893,169,268 ₫
3,019,864,000 ₫ 2,929,268,080 ₫ 2,841,390,038 ₫
- 2,773,223,040 ₫ - 2,843,626,349 ₫ - 2,918,589,558 ₫
- 1,560,000,000 ₫ - 1,626,000,000 ₫ - 1,695,300,000 ₫
- 1,080,000,000 ₫ - 1,134,000,000 ₫ - 1,190,700,000 ₫
- 120,000,000 ₫ - 120,000,000 ₫ - 120,000,000 ₫
- 120,000,000 ₫ - 120,000,000 ₫ - 120,000,000 ₫
- 240,000,000 ₫ - 252,000,000 ₫ - 264,600,000 ₫
- 1,213,223,040 ₫ - 1,217,626,349 ₫ - 1,223,289,558 ₫
- 240,000,000 ₫ - 247,200,000 ₫ - 254,616,000 ₫
- 493,223,040 ₫ - 478,426,349 ₫ - 464,073,558 ₫
- 240,000,000 ₫ - 252,000,000 ₫ - 264,600,000 ₫
- 240,000,000 ₫ - 240,000,000 ₫ - 240,000,000 ₫
246,640,960 ₫ 85,641,731 ₫ - 77,199,521 ₫
- 17,576,000 ₫ - 17,576,000 ₫ - 17,576,000 ₫
229,064,960 ₫ 68,065,731 ₫ - 94,775,521 ₫
- ₫ - ₫ - ₫
229,064,960 ₫ 68,065,731 ₫ - 94,775,521 ₫
- 45,812,992 ₫ - 13,613,146 ₫ 18,955,104 ₫
183,251,968 ₫ 54,452,585 ₫ - 75,820,417 ₫

Cash Flow Statement

1 2 3

229,064,960 ₫ 68,065,731 ₫ - 94,775,521 ₫

17,576,000 ₫ 17,576,000 ₫ 17,576,000 ₫

 246,640,960 ₫ 85,641,731 ₫ - 77,199,521 ₫
- 20,000,000 ₫ - ₫ - 10,000,000 ₫
- 45,812,992 ₫ - 13,613,146 ₫ 18,955,104 ₫
180,827,968 ₫ 72,028,585 ₫ - 68,244,417 ₫

- ₫ - ₫ - ₫
- ₫ - ₫ - ₫
- ₫ - ₫ - ₫

- ₫ - ₫ - ₫
180,827,968 ₫ 72,028,585 ₫ - 68,244,417 ₫
 Year 4 Year 5
7,579,868,119 ₫ 7,579,868,119 ₫
- 4,795,305,883 ₫ - 4,795,305,883 ₫
2,784,562,237 ₫ 2,784,562,237 ₫
- 3,002,941,567 ₫ - 3,101,103,952 ₫
- 1,768,065,000 ₫ - 1,844,468,250 ₫
- 1,250,235,000 ₫ - 1,312,746,750 ₫
- 120,000,000 ₫ - 120,000,000 ₫
- 120,000,000 ₫ - 120,000,000 ₫
- 277,830,000 ₫ - 291,721,500 ₫
- 1,234,876,567 ₫ - 1,256,635,702 ₫
- 262,254,480 ₫ - 270,122,114 ₫
- 454,792,087 ₫ - 454,792,087 ₫
- 277,830,000 ₫ - 291,721,500 ₫
- 240,000,000 ₫ - 240,000,000 ₫
- 218,379,330 ₫ - 316,541,715 ₫
- 17,576,000 ₫ - 17,576,000 ₫
- 235,955,330 ₫ - 334,117,715 ₫
- ₫ - ₫
- 235,955,330 ₫ - 334,117,715 ₫

- 235,955,330 ₫ - 334,117,715 ₫

4 5

- 235,955,330 ₫ - 334,117,715 ₫

17,576,000 ₫ 17,576,000 ₫
- 218,379,330 ₫ - 316,541,715 ₫
- 10,000,000 ₫ - ₫
- ₫ - ₫
- 228,379,330 ₫ - 316,541,715 ₫

- ₫ 8,500,000 ₫
- ₫ 8,500,000 ₫

- ₫ - ₫
- 228,379,330 ₫ - 308,041,715 ₫
 RISK AND RETURN
NPV From Scenario 1
Possibility for Scenario 1
NPV From Scenario 2
Possibility for Scenario 2
NPV From Scenario 3
Possibility for Scenario 3
Expected NPV
Var(R)
Standard deviation
Coefficient of variation
AND RETURN
3,208,225,093 ₫
30%
2,014,838,820 ₫
40%
- 370,074,914 ₫
30%
1,657,380,582
1,954,708,345,705,670,000
1,398,108,846
0.844