Академический Документы
Профессиональный Документы
Культура Документы
($ millions)
Sales (millions of pairs) 1.20 1.60 1.40 2.40
Price/Pair $ 115.0 $ 115.0 $ 115.0 $ 115.0
Cannibalization $ 35.0 $ 15.0
Var Costs (% of Rev) 55% 55% 55% 55%
SG&A Expenses $ 7.00 $ 7.00 $ 7.00 $ 7.00
Endorsement $ 2.00 $ 2.00 $ 2.00 $ 3.00
Other advertising and promotion $ 25.0 $ 15.0 $ 10.0 $ 30.0
A/R (% of net revenue) 8% 8% 8% 8%
Inventory (% of Var Costs) 25% 25% 25% 25%
A/P (% of Var Costs) 20% 20% 20% 20%
Factory Expansion $ 150.0
Equipment $ 15.0
Freight and Installation $ 5.0
Inventory $ 15.0
A/P $ 5.0
Tax rate 40%
Factory MV (Year 6)
Equipment MV (Year 6)
Project Analysis:
Assumed Cost of Capital 0.11
Payback 5.10 years
Net Present Value $ 13.36
IRR 12.82%
2017 2018 Source
Project Analysis:
Assumed Cost of Capital 0.14
Payback 2.34 years
Net Present Value $ 8.59
IRR 21.80%
Source
Case p.4, #3
Case p.4, #3
Case p.4, #3
Case p.4, #7
Case p.4, #9
Case p.4, #10
Case p.4, #11
Case p.4, #12
Case p.4, #5
Case p.4, #6
Case p.4, #6
Calculation
Sneaker 2013 Cash flows $ (180.0) $ 9.5 $ 29.7 $ 37.3 $ 41.8 $ 46.4 $ 146.6
Persistence Cash Flows $ (53.0) $ 14.6 $ 22.4 $ 46.7
Persistence Cash Flows 2 $ (53.0) $ 14.6 $ 22.4 $ 46.7
Persistence Cash Flows Total $ (53.0) $ 14.6 $ 22.4 $ (6.3) $ 14.6 $ 22.4 $ 46.7
11%
14%