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Year0 Year 1 Year2 Year3 Year 4

Revenue 0 0 0 0 0
Variable co 0 0 0 0 0
Fixed cost 0 0 0 0
Ebita 0 30000 20000 10000 40000
Depre 0 20000 20000 20000 20000
Ebit 0 -50000 -40000 -30000
Tax 0 -15000 -12000 -9000
Net income 0 -35000 -28000 -21000
Depre 0 20000 20000 20000 0
Gofc 0 -15000 -8000 -1000 20000
Net wk 20000 20000 20000 20000 0 0
Change wk -20000 0 0 0 20000
Investment -100000 5000 20000
Focf -120000 -15000 -8000 49000 40000

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