Engineering Solutions On-Line presents the

Cost Benefit Analysis Template

(with Amortization Calculator)
A product of Engineering Solutions On-Line,
a division of Armitage Consulting
Copyright 2009, Armitage Consulting, all rights reserved

Author:
Date:
Version:

John Cesarone, Ph.D., P.E.

May 2009
2.02

Contact Information:
e-mail:
jcesarone999@gmail.com
web:
http://EngineeringSolutions.homestead.com
phone:
312.493.0839
fax:
504.285.0687

Note to users: feel free to use and freely copy this software template for your own use and that of
your organization or company. However, your individual license is not transferable to other organiza
nor are you authorized to duplicated this template for sale or other gain other than internal use.

mplate

mplate for your own use and that of

nse is not transferable to other organizations,
other gain other than internal use.

Cost Benefit Analysis Template

General Instructions Page

This Cost/Benefit template will help you to create your own cost/benefit analysis of any project. As configured,
it provides Net Present Value of a project, Internal Rate of Return, and Payback Schedule. However, the paid vers
expanded and modified using simple Excel programming.

It is set up to operate on a year-by-year basis, but can easily be modified (paid version only) for month-by-month o

The chart is currently configured with 10 columns, to analyze budgets of up to 10 years long. To extend the paid ve
merely highlight the last column, drag your selection to the right the required number of new columns, and hit Edit-F

For information on unlocking this file for modification, visit EngineeringSolutions.homestead.com or email jcesarone
To use this template, follow these steps:
STEP 1:
Go to the "Costs" page and enter your costs (see detailed instructions there)
STEP 2:
Go to the "Benefits" page and enter your benefits (see detailed instructions there)
STEP 3:
Go to the "Summary" page for CBA metrics of your project.
Charts of Costs and Benefits are also provided on the next three pages.

Bonus Step:
This latest version of the Cost Benefit Analysis template includes a Mortgage Amortization calculator on

s of any project. As configured,

k Schedule. However, the paid version is easily

version only) for month-by-month or any other basis if you prefer.

10 years long. To extend the paid version to longer projects,

umber of new columns, and hit Edit-Fill-Right.

s.homestead.com or email jcesarone999@gmail.com.

ructions there)

Mortgage Amortization calculator on the final sheet.

Costs

Cost Benefit Analysis Template

Cost Data Entry Page

Program Element
Element Manager
Element 1
Bill Smith
Element 2
Ed White
Element 3
Frank Burns
Element 4
Clay Forrester
Element 5
Jack Burton
Element 6
Mani Mahesh
Program Total Costs By Year
Program Grand Total Cost

Fiscal Year
2009
$300,000

$400,000
$700,000

2010
$250,000

$400,000
$650,000

2011
$250,000
$200,000
$300,000
$400,000
$150,000
$400,000
$1,700,000

2012

2013

$150,000
$250,000
$450,000
$150,000

$150,000
$250,000
$500,000
$150,000

$1,000,000

$1,050,000

2014

2015

2016

2017

2018

$0

$0

$0

$0

$0

$5,100,000

INSTRUCTIONS FOR THIS PAGE:

1. Enter the first year of your program in Cell C8. The next nine years will be filled in for you on this page and the following pages
(if you need more years, you can "insert" additional columns - paid version only)
2. Enter the names of your program elements in Column A, replacing "Element 1", etc.
(if you need more than six elements, you can "insert" additional rows - paid version only)
3. If you like, add extra information on each program element in Column B
(here, program element manager names have been added for illustration)
4. Enter the anticipated costs for each year for each program element in the appropriate cells. These should be
undiscounted costs, i.e., actual dollars, not equivalent dollars. Equivalence will be calculated automatically.
5. Total spending per year is shown on Row 15, and Grand Total cost for the program is on Row 17

Benefits

Cost Benefit Analysis Template

Benefit Data Entry Page

Benefit Sources
Cost Reduction
Enhanced Revenues
Labor Reduction
Decreased Overhead
Total Benefits Per Year
Confidence Factor
Benefits Claimed for Analysis
Program Grand Total Benefit

Fiscal Year
2009

$0
100%
$0

2010

2011
$500,000

$50,000
$0 $550,000
100%
100%
$0 $550,000

2012
2013
2014
2015
2016
2017
2018
$525,000 $550,000
$600,000 $650,000
$700,000 $800,000 $1,000,000
$250,000 $350,000
$500,000 $600,000
$750,000 $800,000
$900,000
$100,000 $100,000
$100,000 $100,000
$100,000 $100,000
$100,000
$50,000
$50,000
$50,000
$50,000
$50,000
$50,000
$50,000
$925,000 $1,050,000 $1,250,000 $1,400,000 $1,600,000 $1,750,000 $2,050,000
100%
100%
100%
100%
100%
100%
100%
$925,000 $1,050,000 $1,250,000 $1,400,000 $1,600,000 $1,750,000 $2,050,000

$10,575,000

INSTRUCTIONS FOR THIS PAGE:

2. Enter the sources of benefits you expect in Column A, as shown

(if you need more than four categories of benefits, feel free to insert extra rows - paid version only)
3. If desired, enter a "Confidence Factor" on Row 14 for each year; this should be between 0 and 100%,
and enables you to perform analyses of varying levels of optimism or pessimism. If you do not wish
to use this feature, leave all entries at 100%
4. Total Benefits by year, adjusted for your level of confidence, is shown on Row 15, and Grand Total on Row 17
As with our costs, these are un-discounted so far (that is, not converted to equivalent-year dollars).

Summary

Cost Benefit Analysis Template

Results Calculation Page
Fiscal Year
2009
Undiscounted Flows
Costs
Benefits
Net Cash Flow
Discount Factors
Discount Rate
Base Year
Year Index
Discount Factor
Discounted Flows
Costs
Benefits
Net
Cumulative
Net Present Value
Internal Rate of Return

2013

2014

2015

2016

2017

2018

-$650,000 -$1,700,000 -$1,000,000 -$1,050,000

$0
$550,000
$925,000 $1,050,000
-$650,000 -$1,150,000
-$75,000
$0

$0
$1,250,000
$1,250,000

$0
$1,400,000
$1,400,000

$0
$1,600,000
$1,600,000

$0
$1,750,000
$1,750,000

$0
$2,050,000
$2,050,000

5
0.7130

6
0.6663

7
0.6227

8
0.5820

9
0.5439

-$700,000
-$607,477 -$1,484,846
-$816,298 -$801,040
$0
$0
$0
$480,391
$755,076
$801,040
$891,233
-$700,000
-$607,477 -$1,004,455
-$61,222
$0
$891,233
-$700,000 -$1,307,477 -$2,311,931 -$2,373,154 -$2,373,154 -$1,481,921

$0
$932,879
$932,879
-$549,042

$0
$996,400
$996,400
$447,358

$0
$1,018,516
$1,018,516
$1,465,874

$0
$1,115,064
$1,115,064
$2,580,938

-$700,000
$0
-$700,000
7.0%
2009
0
1.0000

2010

2011

1
0.9346

2
0.8734

2012

3
0.8163

4
0.7629

$2,580,938
21%

INSTRUCTIONS FOR THIS PAGE:

1. The years will be automatically entered on row 8 to exactly match those on the Costs page; do not enter anything here.
2. Enter your "discount rate" in cell B14; this is the cost of money that determines the time value of your costs and benefits
(for illustration, if you were working with an interest-free loan, this would be zero; a typical value is around 8%)
3. Enter the year you will kick off the project in cell B15; this will be used as the "now" in the CBA calculations on future values
(typically, "now" means the current year, which is the year of your initial investment, but it might be different if your plans are for the future)

INTERPRETATION OF RESULTS:
Row
Row
Row
Row

17 shows the discount factor; this is how much less the cash flows are worth because they are in the future
19 shows the discounted costs, and Row 20 shows the discounted benefits. "Discounted" means "in year-0 dollars."
21 shows the discounted net value per year, and Row 21 shows the accumulated discounted net value per year
22 shows the cumulative net value for all years so far (when this becomes positive, you have completed your "payback period")

Row 24 shows the "Net Present Value" of your program; this means that the entire project is economically
equivalent to this much money in your hands right now, based on the discount rate you entered
Row 25 shows the Internal Rate of Return; this means, the interest rate that would make your project exactly break even.
Another way to interpret this is, if you had put the money in a bank account at this interest rate, you would get
the exact same monetary benefits as you received from performing this program
CHARTS PROVIDED:
The first chart, Undiscounted Cash Flows, shows actual costs expended and benefits accrued, adjusted by
confidence factor, in each years' current dollars
The second chart, Discounted Cash Flows, shows costs expended and benefits to be accrued, adjusted by
confidence factor, in base year dollars
The third chart, Payback Schedule, shows benefits accrued minus costs expended, in base year dollars. When this
chart crosses above the zero line, the program has achieved profitability
Sufficient data exists in the above summary to create any other charts you desire; or contact
us at 312.266.4828 or at jcesarone@ripco.com, or visit us at EngineeringSolutions.homestead.com
for futher assistance

Costs a nd Be ne fits in Curre nt Ye a r Dolla rs

Undiscounted Cash Flows

$2,500,000

$2,000,000

$1,500,000

$1,000,000
Benefits

$500,000

Costs

$0
2009

2010

2011

2012

2013

2014

-$500,000

-$1,000,000

-$1,500,000

-$2,000,000

Fiscal Year

2015

2016

2017

2018

Costs a nd Be ne fits in Ba se Ye a r Dolla rs

Discounted Cash Flow

$1,500,000

$1,000,000

$500,000
Benefits

$0
2009

2010

2011

2012

2013

2014

-$500,000

-$1,000,000

-$1,500,000

-$2,000,000

Fiscal Year

2015

2016

2017

2018

Costs

Discounted Payback

Base Year Dollars

$3,000,000

$2,000,000

$1,000,000

$0
2009

2010

2011

2012

2013

2014

-$1,000,000

-$2,000,000

-$3,000,000

Fiscal Year

2015

2016

2017

2018

Cost Benefit Analysis Template

The Softer Stuff..

When you write up your Cost/Benefit Analysis, the mathematics presented in the previous sheets are very handy, a
indeed be difficult for your audience to disagree with. They are, therefore, a good argument to make in support of (
under consideration. However, there are always non-mathematical issues that must be dealt with. While these are
incorporate into the rigorous equations, they certainly must be addressed. If you do not address them yourself, you
certain that one of your detractors or competitors will mention them; better to deal with them in your own way, first.
then, we will discuss some of the "softer stuff" or non-monetary issues that are required in a Cost/Benefit Analysis.

First and foremost, is there business out there for you to go after in the first place? You are presenting some sort o
you had better be prepared to demonstrate that this business is really out there, waiting to come to you. If not, you
from the get-go. You had better be prepared to show that you are offering something your competitors are NOT off
higher quality, superior delivery schedule or convenience, etc. If there ARE no current suppliers, well then, how do
any customers? In reality, this work may already have been done for you, by your Marketing department. See wha
you knock yourself out.

Also, consider the symbiotic effects of your proposed venture, both good and bad. Will you be cannibalizing your o
areas? If your particular division makes a killing, but another division of your company is the one that gets killed, yo
will NOT be impressed! On the other hand, symbiotic effects can be good; two products that go together, from the
boost market share for both of those products (dont believe me? Just ask Microsoft).

Sometimes, you need to invest in a project just to stay in business at all. For instance, say you are setting up a rec
support office. This is not intended to make money on its own, but it lets you remain in business in your core area.
need to show a profit, you just need to get the job done for the minimum cost. In cases like this, your goal in a Cos
lose the least amount of money while meeting the technical window of the requirements. Your proposed solutions
revenue-generating solutions, but merely with each other to lose the least amount of cash. Note that operations of
Centers" (as opposed to "Profit Centers") and are always looked down upon. Better to show that your project will a
all possible.

Finally, always consider the reputation and image of your organization. If your short-term profits soar but your good
in trouble in the long run through loss of other business. Will you be teaming with someone your customers canno
to your best customer's prime competition? These do not necessarily make a project untenable, but they do indica
it some serious thought.

These musings are excerpted from the article "Sell Your Project!" by John Cesarone, Ph.D., P.E., available at:
http://EngineeringSolutions.homestead.com/cba_article.html

s sheets are very handy, and can

ent to make in support of (or against) the project
ealt with. While these are difficult to
ddress them yourself, you can be
em in your own way, first. In this sheet,
n a Cost/Benefit Analysis.

re presenting some sort of monetary benefit;

o come to you. If not, your analysis fails
r competitors are NOT offering: better price,
ppliers, well then, how do you know that there are
ing department. See what they know before

ou be cannibalizing your own business in other

the one that gets killed, your board of directors
hat go together, from the same supplier, can

y you are setting up a recall center or warranty

usiness in your core area. In that case, you don't
ke this, your goal in a Cost/Benefit analysis is to
Your proposed solutions are not competing with other
h. Note that operations of this sort are called "Cost
ow that your project will actually make money, if at

profits soar but your good name suffers, you might be

ne your customers cannot abide? Are you selling
enable, but they do indicate that you should give

D., P.E., available at:

This Amortization Calculator assumes that you have an annual interest rate, compounded monthly,
and are making monthly payments. Enter the Annual interest rate, the number of years to pay off,
and the loan amount below.
0.06 is the interest rate as a decimal (for example, enter 6% as .06)
30 is the number of years (up to 30)
$100,000.00 is the amount borrowed
$599.55 is the payment amount

Note: If you need more than 30 years, just highlight the bottom row of this table, drag down enough months, and "
Payment #

principal
1
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

interest
$99.55
$100.05
$100.55
$101.05
$101.56
$102.06
$102.57
$103.09
$103.60
$104.12
$104.64
$105.16
$105.69
$106.22
$106.75
$107.28
$107.82
$108.36
$108.90
$109.45
$109.99
$110.54
$111.10
$111.65
$112.21
$112.77
$113.33
$113.90
$114.47
$115.04
$115.62
$116.20
$116.78
$117.36
$117.95
$118.54

$500.00
$499.50
$499.00
$498.50
$497.99
$497.49
$496.98
$496.46
$495.95
$495.43
$494.91
$494.39
$493.86
$493.33
$492.80
$492.27
$491.73
$491.19
$490.65
$490.10
$489.56
$489.01
$488.45
$487.90
$487.34
$486.78
$486.22
$485.65
$485.08
$484.51
$483.93
$483.35
$482.77
$482.19
$481.60
$481.01

remaining
$99,900.45
$99,800.40
$99,699.85
$99,598.80
$99,497.24
$99,395.18
$99,292.61
$99,189.52
$99,085.92
$98,981.79
$98,877.15
$98,771.99
$98,666.30
$98,560.08
$98,453.33
$98,346.04
$98,238.22
$98,129.86
$98,020.96
$97,911.52
$97,801.53
$97,690.98
$97,579.89
$97,468.24
$97,356.03
$97,243.26
$97,129.92
$97,016.02
$96,901.55
$96,786.51
$96,670.89
$96,554.69
$96,437.92
$96,320.56
$96,202.61
$96,084.07

37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86

$119.13
$119.73
$120.32
$120.93
$121.53
$122.14
$122.75
$123.36
$123.98
$124.60
$125.22
$125.85
$126.48
$127.11
$127.75
$128.38
$129.03
$129.67
$130.32
$130.97
$131.63
$132.28
$132.95
$133.61
$134.28
$134.95
$135.62
$136.30
$136.98
$137.67
$138.36
$139.05
$139.74
$140.44
$141.15
$141.85
$142.56
$143.27
$143.99
$144.71
$145.43
$146.16
$146.89
$147.63
$148.36
$149.11
$149.85
$150.60
$151.35
$152.11

$480.42
$479.82
$479.23
$478.62
$478.02
$477.41
$476.80
$476.19
$475.57
$474.95
$474.33
$473.70
$473.07
$472.44
$471.80
$471.17
$470.52
$469.88
$469.23
$468.58
$467.92
$467.27
$466.60
$465.94
$465.27
$464.60
$463.93
$463.25
$462.57
$461.88
$461.19
$460.50
$459.81
$459.11
$458.40
$457.70
$456.99
$456.28
$455.56
$454.84
$454.12
$453.39
$452.66
$451.92
$451.19
$450.44
$449.70
$448.95
$448.20
$447.44

$95,964.94
$95,845.21
$95,724.89
$95,603.96
$95,482.43
$95,360.29
$95,237.55
$95,114.18
$94,990.20
$94,865.60
$94,740.38
$94,614.53
$94,488.05
$94,360.94
$94,233.20
$94,104.81
$93,975.79
$93,846.12
$93,715.80
$93,584.82
$93,453.20
$93,320.91
$93,187.97
$93,054.36
$92,920.08
$92,785.13
$92,649.50
$92,513.20
$92,376.22
$92,238.55
$92,100.19
$91,961.14
$91,821.39
$91,680.95
$91,539.80
$91,397.95
$91,255.39
$91,112.12
$90,968.13
$90,823.42
$90,677.99
$90,531.82
$90,384.93
$90,237.31
$90,088.94
$89,939.84
$89,789.99
$89,639.39
$89,488.03
$89,335.92

87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
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107
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113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136

$152.87
$153.64
$154.40
$155.18
$155.95
$156.73
$157.51
$158.30
$159.09
$159.89
$160.69
$161.49
$162.30
$163.11
$163.93
$164.75
$165.57
$166.40
$167.23
$168.07
$168.91
$169.75
$170.60
$171.45
$172.31
$173.17
$174.04
$174.91
$175.78
$176.66
$177.54
$178.43
$179.32
$180.22
$181.12
$182.03
$182.94
$183.85
$184.77
$185.70
$186.62
$187.56
$188.49
$189.44
$190.38
$191.34
$192.29
$193.25
$194.22
$195.19

$446.68
$445.92
$445.15
$444.38
$443.60
$442.82
$442.04
$441.25
$440.46
$439.66
$438.86
$438.06
$437.25
$436.44
$435.62
$434.80
$433.98
$433.15
$432.32
$431.48
$430.64
$429.80
$428.95
$428.10
$427.24
$426.38
$425.51
$424.64
$423.77
$422.89
$422.01
$421.12
$420.23
$419.33
$418.43
$417.52
$416.61
$415.70
$414.78
$413.86
$412.93
$411.99
$411.06
$410.11
$409.17
$408.21
$407.26
$406.30
$405.33
$404.36

$89,183.05
$89,029.42
$88,875.01
$88,719.84
$88,563.89
$88,407.15
$88,249.64
$88,091.34
$87,932.24
$87,772.35
$87,611.67
$87,450.17
$87,287.87
$87,124.76
$86,960.84
$86,796.09
$86,630.52
$86,464.12
$86,296.89
$86,128.83
$85,959.92
$85,790.17
$85,619.57
$85,448.12
$85,275.81
$85,102.63
$84,928.60
$84,753.69
$84,577.91
$84,401.25
$84,223.70
$84,045.27
$83,865.95
$83,685.72
$83,504.60
$83,322.58
$83,139.64
$82,955.79
$82,771.01
$82,585.32
$82,398.69
$82,211.14
$82,022.64
$81,833.21
$81,642.82
$81,451.48
$81,259.19
$81,065.94
$80,871.72
$80,676.52

137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186

$196.17
$197.15
$198.13
$199.13
$200.12
$201.12
$202.13
$203.14
$204.15
$205.17
$206.20
$207.23
$208.27
$209.31
$210.35
$211.41
$212.46
$213.53
$214.59
$215.67
$216.75
$217.83
$218.92
$220.01
$221.11
$222.22
$223.33
$224.45
$225.57
$226.70
$227.83
$228.97
$230.11
$231.26
$232.42
$233.58
$234.75
$235.92
$237.10
$238.29
$239.48
$240.68
$241.88
$243.09
$244.31
$245.53
$246.76
$247.99
$249.23
$250.48

$403.38
$402.40
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$400.43
$399.43
$398.43
$397.42
$396.41
$395.40
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$393.35
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$391.28
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$388.14
$387.09
$386.02
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$383.88
$382.81
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$380.63
$379.54
$378.44
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$376.22
$375.10
$373.98
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$369.44
$368.29
$367.13
$365.97
$364.80
$363.63
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$361.26
$360.07
$358.87
$357.67
$356.46
$355.24
$354.02
$352.80
$351.56
$350.32
$349.08

$80,480.36
$80,283.21
$80,085.07
$79,885.95
$79,685.83
$79,484.71
$79,282.58
$79,079.44
$78,875.29
$78,670.11
$78,463.91
$78,256.68
$78,048.42
$77,839.11
$77,628.75
$77,417.35
$77,204.88
$76,991.36
$76,776.76
$76,561.09
$76,344.35
$76,126.52
$75,907.60
$75,687.59
$75,466.48
$75,244.26
$75,020.93
$74,796.48
$74,570.92
$74,344.22
$74,116.39
$73,887.42
$73,657.31
$73,426.05
$73,193.63
$72,960.04
$72,725.29
$72,489.37
$72,252.26
$72,013.98
$71,774.49
$71,533.82
$71,291.94
$71,048.84
$70,804.54
$70,559.01
$70,312.25
$70,064.27
$69,815.04
$69,564.56

187
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$251.73
$252.99
$254.25
$255.52
$256.80
$258.08
$259.37
$260.67
$261.97
$263.28
$264.60
$265.92
$267.25
$268.59
$269.93
$271.28
$272.64
$274.00
$275.37
$276.75
$278.13
$279.52
$280.92
$282.33
$283.74
$285.16
$286.58
$288.01
$289.45
$290.90
$292.36
$293.82
$295.29
$296.76
$298.25
$299.74
$301.24
$302.74
$304.26
$305.78
$307.31
$308.84
$310.39
$311.94
$313.50
$315.07
$316.64
$318.23
$319.82
$321.42

$347.82
$346.56
$345.30
$344.03
$342.75
$341.47
$340.18
$338.88
$337.58
$336.27
$334.95
$333.63
$332.30
$330.96
$329.62
$328.27
$326.91
$325.55
$324.18
$322.80
$321.42
$320.03
$318.63
$317.22
$315.81
$314.39
$312.97
$311.54
$310.10
$308.65
$307.19
$305.73
$304.26
$302.79
$301.30
$299.81
$298.31
$296.81
$295.29
$293.77
$292.24
$290.71
$289.16
$287.61
$286.05
$284.48
$282.91
$281.32
$279.73
$278.13

$69,312.83
$69,059.85
$68,805.60
$68,550.07
$68,293.27
$68,035.19
$67,775.81
$67,515.14
$67,253.17
$66,989.88
$66,725.28
$66,459.36
$66,192.10
$65,923.51
$65,653.58
$65,382.30
$65,109.66
$64,835.66
$64,560.29
$64,283.54
$64,005.40
$63,725.88
$63,444.96
$63,162.63
$62,878.90
$62,593.74
$62,307.16
$62,019.14
$61,729.69
$61,438.79
$61,146.43
$60,852.61
$60,557.32
$60,260.56
$59,962.31
$59,662.57
$59,361.34
$59,058.59
$58,754.33
$58,448.56
$58,141.25
$57,832.40
$57,522.01
$57,210.07
$56,896.57
$56,581.51
$56,264.86
$55,946.64
$55,626.82
$55,305.40

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$323.02
$324.64
$326.26
$327.89
$329.53
$331.18
$332.84
$334.50
$336.17
$337.85
$339.54
$341.24
$342.95
$344.66
$346.38
$348.12
$349.86
$351.61
$353.36
$355.13
$356.91
$358.69
$360.49
$362.29
$364.10
$365.92
$367.75
$369.59
$371.44
$373.29
$375.16
$377.04
$378.92
$380.82
$382.72
$384.63
$386.56
$388.49
$390.43
$392.38
$394.35
$396.32
$398.30
$400.29
$402.29
$404.30
$406.32
$408.36
$410.40
$412.45

$276.53
$274.91
$273.29
$271.66
$270.02
$268.37
$266.71
$265.05
$263.38
$261.70
$260.01
$258.31
$256.60
$254.89
$253.17
$251.43
$249.69
$247.94
$246.19
$244.42
$242.64
$240.86
$239.07
$237.26
$235.45
$233.63
$231.80
$229.96
$228.11
$226.26
$224.39
$222.52
$220.63
$218.74
$216.83
$214.92
$212.99
$211.06
$209.12
$207.17
$205.21
$203.23
$201.25
$199.26
$197.26
$195.25
$193.23
$191.19
$189.15
$187.10

$54,982.38
$54,657.74
$54,331.48
$54,003.59
$53,674.05
$53,342.87
$53,010.04
$52,675.54
$52,339.36
$52,001.51
$51,661.97
$51,320.73
$50,977.78
$50,633.12
$50,286.73
$49,938.62
$49,588.76
$49,237.15
$48,883.79
$48,528.66
$48,171.75
$47,813.06
$47,452.57
$47,090.28
$46,726.18
$46,360.27
$45,992.52
$45,622.93
$45,251.49
$44,878.20
$44,503.04
$44,126.00
$43,747.08
$43,366.27
$42,983.55
$42,598.92
$42,212.36
$41,823.87
$41,433.44
$41,041.06
$40,646.71
$40,250.40
$39,852.10
$39,451.81
$39,049.52
$38,645.21
$38,238.89
$37,830.53
$37,420.13
$37,007.68

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$414.51
$416.58
$418.67
$420.76
$422.86
$424.98
$427.10
$429.24
$431.39
$433.54
$435.71
$437.89
$440.08
$442.28
$444.49
$446.71
$448.95
$451.19
$453.45
$455.71
$457.99
$460.28
$462.58
$464.90
$467.22
$469.56
$471.91
$474.26
$476.64
$479.02
$481.41
$483.82
$486.24
$488.67
$491.12
$493.57
$496.04
$498.52
$501.01
$503.52
$506.03
$508.56
$511.11
$513.66
$516.23
$518.81
$521.41
$524.01
$526.63
$529.27

$185.04
$182.97
$180.88
$178.79
$176.69
$174.57
$172.45
$170.31
$168.16
$166.01
$163.84
$161.66
$159.47
$157.27
$155.06
$152.84
$150.60
$148.36
$146.10
$143.84
$141.56
$139.27
$136.97
$134.65
$132.33
$129.99
$127.65
$125.29
$122.91
$120.53
$118.14
$115.73
$113.31
$110.88
$108.44
$105.98
$103.51
$101.03
$98.54
$96.03
$93.52
$90.99
$88.44
$85.89
$83.32
$80.74
$78.14
$75.54
$72.92
$70.28

$36,593.17
$36,176.59
$35,757.92
$35,337.16
$34,914.29
$34,489.31
$34,062.21
$33,632.97
$33,201.59
$32,768.04
$32,332.33
$31,894.44
$31,454.37
$31,012.09
$30,567.60
$30,120.88
$29,671.94
$29,220.75
$28,767.30
$28,311.59
$27,853.59
$27,393.31
$26,930.73
$26,465.83
$25,998.61
$25,529.05
$25,057.15
$24,582.88
$24,106.25
$23,627.23
$23,145.81
$22,661.99
$22,175.75
$21,687.08
$21,195.96
$20,702.39
$20,206.35
$19,707.84
$19,206.82
$18,703.31
$18,197.27
$17,688.71
$17,177.60
$16,663.94
$16,147.71
$15,628.90
$15,107.49
$14,583.48
$14,056.84
$13,527.58

337
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$531.91
$534.57
$537.25
$539.93
$542.63
$545.34
$548.07
$550.81
$553.57
$556.33
$559.11
$561.91
$564.72
$567.54
$570.38
$573.23
$576.10
$578.98
$581.87
$584.78
$587.71
$590.65
$593.60
$596.57

$67.64
$64.98
$62.31
$59.62
$56.92
$54.21
$51.48
$48.74
$45.99
$43.22
$40.44
$37.64
$34.83
$32.01
$29.17
$26.32
$23.45
$20.57
$17.68
$14.77
$11.84
$8.90
$5.95
$2.98

$12,995.67
$12,461.09
$11,923.85
$11,383.92
$10,841.29
$10,295.94
$9,747.87
$9,197.06
$8,643.49
$8,087.16
$7,528.05
$6,966.14
$6,401.42
$5,833.87
$5,263.49
$4,690.26
$4,114.16
$3,535.18
$2,953.31
$2,368.52
$1,780.81
$1,190.17
$596.57
$0.00

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