Sheet1NoABCDEFGH1A. Inputs2Initial Investment100003Salvage Value20004Initial Revenue150005Initial Expenses100006Inflation Rate0.057Discount Rate0.128Acct receive as % of sales1per69Inven as % of expenses0.1510Tax rate0.351112Year012345613B. Fixed Assets14Investment in fixed assets1000015Sales of fixed assets130016CF, Invest in fixed Acces-100000000013001718C. Operating Cash Flow19Revenues150001575016538173631822320Expenses100001050021Depreciation2000200022Pretax profit3000325023Tax1050113824Profit After Tax1950211325Operating Cash Flow3950411346502627D. Working Capital28Working capital15004075427929Change in working cap1500257520430CF, invest in work capital-1500-2575-2043132E. Project Valuation33Total Project Cash Flow-1150034Discount Factor10.8930.79721/1+r)^n35PV of cash flow-115001228FV/(1+r)^n219836Net Present Value4223

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