Operating Assumpsions

Sales volume (Year 1) 500 Opportunity cost 1000

Unit Price 15 Initial outlay 6500
Sales growth % 5% Book salvage value 500
Costs/Revenue % 60% Estimated resale value 1000
Tax rate 25% NWC requirement 15%
Discount rate 20%

Income Statement
Year 0 1 2 3 4 5 6
Revenue 7500 7875 8268.75 8682.188 9116.297 9572.112
Operating Costs 4500 4725 4961.25 5209.313 5469.778 5743.267
Depreciation 1000 1000 1000 1000 1000 1000
EBIT 2000 2150 2307.5 2472.875 2646.519 2828.845
Taxes 500 537.5 576.875 618.2188 661.6297 707.2112
Net Income 1500 1612.5 1730.625 1854.656 1984.889 2121.634

Cash Flows
Year 0 1 2 3 4 5 6
Operating Cash Flow 2500 2612.5 2730.625 2854.656 2984.889 3121.634
(-) CAPEX 7500
(-) Change in NWC 1125 56.25 59.0625 62.01563 65.11641 68.37223
NWC 0 1125 1181.25 1240.3125 1302.328 1367.445 1435.817
(+) Salvage Value 2310.817
Cash Flow from Assets -7500 1375 2556.25 2671.5625 2792.641 2919.773 5364.078
Project Value
NPV 1,283.62 ₽ Decision Yes
Payback Period 3.32 Decision No
IRR 26% Decision Yes