fnasal Mant
Busine%
im
Inueshs,
Lende, mrtmdiati
also )
‘Ron(A)
Input
Reseuce
Factors
Lum
Tratemmhon
Outpuat
matket
Maret
Input vauu
Out pact value
Jorstmcnt can Qce ely uhen
-makts ethmate a au
a bsins
Inrtment decist es
lividual
the amand and sugply etuation
Vaue
lyges
Product
tity ha a
u capihl
markat
= elEFFF, TVM (mascain rale)
cisias taken
Inatnnt
deu sien
hich sosce
tem (eyuy best) Band
capitl o hase
too ls y capikal budgch na*
Relts in deudngcapal atuctire
Free Cash Flow
fim CFLFF)
Busines shrategt
Revene SMating iy
SUM
OM
Teehoto 8
HRM
EBII
Les Taxa
NO PAL
Tax planning (Bwines Shategy. tinani
Add Non ash expesuous
Lers
Les
Ngn cash inomd gan
ANGt capCx) -’lhvesments
FCe
planniny
12loil2o24
Casedt inzstent cpthiets
NPY Method
(CF
(
Ycas
-|DO
10
10
|20
10
40
150
=237S
inestment
LOk eayiackTVMpeLod ’ltki cast a capita
let acsme
CCF
Year
-100
3
PBP
904
9-09
44.589
58 68
60.i
118.74
63.b4
41.32
(04.6
i5.03 I19.44
-88
2-68
Net Present Nalku (NeN) = Present value q cad laws - prátnt vaw
NPY
NPY =
inNestment
PYCCE))
PVpN)
1.79
Decisim nu: NPN >O
Rat at shich
PN (CE) = N(ov)
I8-132
KR
24%
23-567.
Dusim uie - |KR > Cost
Cost
NPY, = 125. 42 - lo
q capital
[IRR >WACC]
25. 42
Rena, oenlichng sihaaher
Ac
Acc
IRR
ppnaih
NPV ppnadh
Thu'satársld
signiicane dhanges
ite inheent Hau
Sde 9- Cwss eve p0in
WACc
-77.
To Jnest, th puiecis
hanges, NV proe caange
Vse NPy metusd
thac cash
Bnng al valueeto Teminal va
\vCt MIRR)"
TEU
(TV U)
MRR
joo
= 63-y
TEVe
MIRR
o
(70 x)9)+(S0x :)+20 = 159-7
s1)3_
1-1688
2
TFV
Deasiom hule s n as IRR
MIRR whn WACC =1!:
+ 20=
TEV
70 x I-D7+
TPVs
So X)o7 + 20
I52.6y3
MIRR, = i5. 3.
hnana
- 3 (12lei) 2c23)
capital Aahening
nd tlen
0nwetnit
Exande
Rank Prgek
2
PL
RR
F
1S000
B
Soo0
Q)000
40
Q30
So0o
37
J:67
15
3250D
Awstme
Analyiy and ockhead Tai Sta
A
pa
15 ys
0-2
340S.32
make
Mrcstnnent
avaulate
CE = 4500
(puckuiy
n
3750D
PY: E
O12
4000
4000
0|2-0-64
NPV
I5 000
best
AAAitasad buins sulpehly
2)
Hot cey tand jn bal pawk.
Ophow Inestment
Rent
3
NPV
Q546
44
44
44
23
23
23
- |25
70
70
-
13
-75
Aded
Updai
Buid
: 157
|
2.5)
35X
81.
34. 83
31 7.
28. 47
13087.
Renr
Ae
NPV ’
Bild
Add e wpdati not a rialte ophon
CNPV = 27. 47
< 34.83
4
-|000 00o
31134
371 T34
37|734
Ophon 1 [A)
NPV
2s/=
lo malu IRR
S7
MOAT
120
To
make
a(371T34)
1000 00D
2S6S2
Pay a at as posie Ccnd 4 2yeas
= 1 78140
besen 4 8|ol202)
NPY
20)= 75 k
Cwsent NPV =-37G66
As
saymcat deeun't mattes
pesube
31) 734 ( I - )
Cptin 4 CD]
ARR
407.
lasts Herw
ARR= Avy Annual
Invetment
iny
= Avg A(F
40/
SUD OUD
450 o00
Avq Anwal cE=
Cusscat
Avq Aad cf= 3TI 134
7otal scLbsidy = 1(26| x 4
lay
313044
3)3044
JS0 166. 43
)-29
A
17814
NPV @207.-k
C
l2 666
ARR 401.
4 ahay
Assel
New
Equihy
1210,00o
P(10000tn)
| 210 OO0= P(i00D0 +n)
+vCF pyect, PV= 2(Ok, ost =I|0 k
a)
NPV =
OK- I|0 K
nP
lOk
tat
I0000p t
|R0 DOD
I00 000
Ioxstmunt value
Lakhed
Justa
ne
n
0O0D
aharehcdeu
to
case
Relevant CF F Inaementa
Atea day Opuahenal cE
Lguore unk cost and inelude opporhundg Let
otaecatment
Algndaomont Jalue May
phm
e ineludad
$200 nhil
ndex
shock mat
mskhepolee
haul
Matet usk kock
pemmNot usky
Fquihy
Makal
Market Resk PreMwn
bu ins gik
usk
7upresevta Crnpute
captal stuhue han
Aveaage Ldst caçatas) shun
acceumt kos lel have
tutu change
io
Hence, timaton
provisova)
thes
capitaltre
hegrestan
analgi
PFundaeatat 0natis
FaeP = 1:25, NE 401.
|:25
Bo 0- TT 40).
Pu t Pu -0-1)
(0.6)
04
B t
0.4ßy
B 1.4 Bu
004
th
(3)0)
D.)
(I735I:1785 +
-):1]8S
2. 442
o. 4766