° = 400 ae 50 a 40 3 uo a 30 | ewes 1 oO ao 4o 50 co Bo cam tabi | PV fox caah flows fe -100 ee macanaG: [Soxomsue= 46+ = 0°8134 | Yoxo-8334= 344 = Ose: . = 3a: 3 4O lca Or8ie3 jae 8163 = 34 Be ee 4 30 ane om Soxomeag = 22° SQ Ewes Yeo | cr. ae @xay pis CRS cme PY 4a cok o — 100 ae 1 20 094346 et a 40 0°87134 [ aa 2 50 OBE 40.3 4 Go OeYea, CE Cunmnaun CF oO 20,000 | — 20,570 iL [10,000 | -20, eo +10,t0d= —10, noo 2 8,000 | -10,080 +8, or = —Qov0 Fj Good |-Qvoo +h, wo= 2,000 4 3,000 | 2,000 +3, 000 = 5,000 7 yea el eee Stide Vt Paagect Gap) eet EQucout CF ° =20,000 He govo 2 14771 (asa Cow a = 12523 +6988 = -553! 3 Yoo = 3265 -S53S+* 226S= -2290 Cea 4 Bore _- 228%. |-2270 2284-19, Cet = Bowe gi3g. [14+ asa -2is& ae DucountA poyback peuad = + yoarsHak| Ren Peak IMEC ey [Sa ey ° al = -8 a = ~4 u = En oo |. aa [as fy low fac aja jose jie | 3 o-t0 }a-4 14 owe [2 3/3 | oem Jas 3 ot dant ie oe lac GE cece | OG tic 0°64 3-2 1o.5 Josey fang = Ang pRiLenk Value tuoi ot 121/. Based on NPV, you wots Snetae > — NPV, =-8F GS 41-6 QUE QE = AR NPV = -t WSr 24s AVA ZQ= BQ NPVz2 —it 3-6 + 35243-6442 = 36 fe, eae peels Buk when fond one Cited ound propels ane ol Aton, ane as Capital budgeting trethed = ASHI Qe = OB =1-35 Coe eC S . : = 22 = 36 PIy = wera ratte Be 46 = 133 T BOF SArS-C+HD = | Ber BAVS-CFH Dd WBased on PI, rok the pees = Now, Aun funds Ort Davkad 40 I2ryvutlon ound page os One RED ANRC, Hoe MEA Y hoe vastiad oucddany 1 @ > Mek % cane) uty UN cazorenel Sai @ reo > ae FRence, We Ram “gay yan a sk oh AEE Y. Cyaetda oxxlony sess mt ee = an) 3 KC ey, 1am = Ae c { oS OY Lae A