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Project Analysis
I0040
Stage 1
Stage 2
Source :http://campus.murraystate.edu
*Property of STI
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Project
Authorizations
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I0040
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How Firms Organize the Investment Process
Project Authorization
The Capital Budget
Source: http://www.jjssoftware.co.uk
Source: http://www.zanebenefits.com
Capacity expansion
*Property of STI
I0040
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I0040
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Sensitivity Analysis
Source: http://blogs.rhsmith.umd.edu
I0040
Source: http://www.fuelyourventure.com/files/problems.jpg
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Sensitivity Analysis
*Property of STI
I0040
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Sensitivity Analysis
Financial forecast for this project:
Year 0
Case Study 1
Investment
Sales
P3,000,000
Variable Costs
1,800,000
Fixed Costs
500,000
Depreciation
250,000
Pretax Profit
450,000
157,500
292,500
*Property of STI
I0040
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*Property of STI
Years 1 - 12
- P3,000,000
542,500
- P3,000,000
P 542,500
I0040
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Sensitivity Analysis
Sensitivity Analysis
NPV
Investment
Sales
Variable Costs %
Fixed Costs
70%
60%
50%
600,000
500,000
400,000
Source: http://www.jrmooneyham.com
*Property of STI
I0040
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Scenario Analysis
*Property of STI
I0040
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Scenario Analysis
I0040
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*Property of STI
I0040
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Scenario Analysis
Break-Even Analysis
Cash Flows,
Cash Flows,
Years 1-12
Years 1-12
Base Case
Competitor
Sales
3,000,000
2,550,000
Variable Costs
1,800,000
1,657,500
Fixed Costs
500,000
500,000
Depreciation
250,000
250,000
Pretax Profit
450,000
142,500
Taxes
157,500
49,875
292,500
92,625
542,500
342,625
PV of Cash Flows
4,088,280
2,582,022
NPV
1,088,280
-417,978
*Property of STI
I0040
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Break-Even Analysis
Source: http://thumbs.dreamstime.com
I0040
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Break-Even Analysis
I0040
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I0040
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Break-Even Analysis
Operating Leverage
Option to Expand
Abandonment Options
Flexible Production Facilities
Source: http://isifederal.com
*Property of STI
I0040
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Flexibility in Capital Budgeting
Decision Tree
*Property of STI
I0040
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*Property of STI
I0040
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