Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
(in thousands of $)
B
2008
0
C
2009
1
D
2010
2
E
2011
3
F
2012
4
G
2013
5
H
2014
6
I
2015
7
Assumptions
Tax Rate
MACRS 10-year
WACC
Resale value of PPE
Balance Sheet Items
Net Working Capital
Net PPE
30.0%
10.0%
30.0%
18.0%
30.0%
14.4%
30.0%
11.5%
30.0%
9.2%
30.0%
7.4%
30.0%
6.6%
9.3%
$0
$5,000
$20,000
$5,000
$18,000
$5,000
$14,400
$5,000
$11,520
$5,000
$9,216
$5,000
$7,372
$5,000
$5,898
$0
$4,588
$22,000
$18,000
$2,000
$2,000
$22,000
$18,000
$3,600
$400
$22,000
$18,000
$2,880
$1,120
$22,000
$18,000
$2,304
$1,696
$22,000
$18,000
$1,844
$2,156
$22,000
$18,000
$1,474
$2,526
$22,000
$18,000
$1,310
$2,690
$600
$1,400
$120
$280
$336
$784
$509
$1,187
$647
$1,509
$758
$1,768
$807
$1,883
$20,000
$0
$0
$0
$0
$0
$0
$0
($1,376)
$5,000
$0
$0
$0
$0
$0
$0
($5,000)
($25,000)
$3,400
$3,880
$3,664
$3,491
$3,353
$3,242
$9,569
($4,202.98)
A
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
(in thousands of $)
B
2008
0
C
2009
1
D
2010
2
E
2011
3
F
2012
4
G
2013
5
H
2014
6
I
2015
7
Assumptions
Tax Rate
MACRS percentages
WACC
Resale value of PPE
Depreciation (MACRS = 1)
Net Working Capital
Net PPE
35.0%
14.3%
35.0%
24.5%
35.0%
17.5%
35.0%
12.5%
35.0%
8.9%
35.0%
8.9%
35.0%
8.9%
$25,000
$85,710
$25,000
$61,220
$25,000
$43,730
$25,000
$31,240
$25,000
$22,310
$25,000
$13,380
$25,000
$4,450
$70,000
$49,000
$14,290
$6,710
$75,000
$52,500
$24,490
($1,990)
$80,000
$56,000
$17,490
$6,510
$85,000
$59,500
$12,490
$13,010
$90,000
$63,000
$8,930
$18,070
$95,000
$66,500
$8,930
$19,570
$100,000
$70,000
$8,930
$21,070
$2,349
$4,362
($696)
($1,294)
$2,279
$4,232
$4,554
$8,457
$6,325
$11,746
$6,850
$12,721
$7,375
$13,696
$25,000
$0
$0
$0
$0
$0
$0
$0
($125,000)
$18,652
$23,197
$21,722
$20,947
$20,676
$21,651
$22,626
8%
$53,984
$46,665
10%
$38,550
$31,075
12%
$25,268
$17,652
14%
$13,781
$6,035
16%
$3,796
($4,067)
11.5%
1
$25,000
$100,000
$100,000
$13,242.87
13.7%
$13,242.87
$80,000
$90,000
Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
3
0.333
0.445
0.148
0.074
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
5
0.200
0.320
0.192
0.115
0.115
0.058
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
15
0.050
0.095
0.086
0.077
0.069
0.062
0.059
0.059
0.059
0.059
0.059
0.059
0.059
0.059
0.059
0.030
0.000
0.000
0.000
0.000
0.000
20
0.038
0.072
0.067
0.062
0.057
0.053
0.049
0.045
0.045
0.045
0.045
0.045
0.045
0.045
0.045
0.045
0.045
0.045
0.045
0.045
0.023
Q1
Q2
$ (4,203)
$ 14,692
Q3
Q4
Q5
Q6
Q7
Q8
Q9
Q10
$ 13,243
13.7%
$ 1,869
$ 1,996
$ 6,677
$ 3,955
$ (9,456)
$ 6,734