INTEREST RATE 15.

00000%

YEAR CASH FLOW PRESENT VALUE

0 (350.00) (350.00)
1 100 86.96
2 200 151.23
3 150 98.63
4 75 42.88
29.69
NET PRESENT VALUE
29.69 $25.82
INTERNAL RATE OF RETURN 19.25614%

Horizon Year = year 3

Estimated FCF long term average growth after horizon year = 5%
INTEREST RATE 10.00000%
MACHINE A MACHINE B
YEAR CASH FLOW PRESENT VALUE CASH FLOW PRESENT VALUE
0 (12000.00) (12000.00) (8000.00) (8000.00)
1 5000 4545.45 4000 3636.36
2 3000 2479.34 300 247.93
3 3500 2629.60 500 375.66
4 4500 3073.56 5000 3415.07
727.96 (324.98)
NET PRESENT VALUE
727.96 (324.98)
INTERNAL RATE OF RETURN 12.83505% 8.17771%
Horizon Value = 90000 100000
PV of HV = 67618.33 75131.48
Business Value = 77,272.73 79,391.44

NOMINAL INT. RATE 11.00% INFLATION 5.00%

REAL 5.71%
YEAR CASH FLOW PRESENT VALUE
0 (10.00) (10.00)
1 (3.00) (2.84)
2 1.7 1.52
3 1.8 1.52
4 2.5 2.00
5 3.2 2.42
6 4.6 3.30
7 4.5 3.05
8 4.5 2.88
9 2.9 1.76
10 0.04 0.02
5.64
NET PRESENT VALUE
5.64
INTERNAL RATE OF RETURN 12.97695%

FIXED RATE LOAN PAYMENT

PRESENT VALUE OF REGULAR PAYMENTS

INTEREST RATE 4.00000%

NO. OF YEARS 5 PRESENT VALUE
YEAR CASH FLOW MATH MATH EXCEL RP(MATH) RP = 1000.00
1 1000.00 961.54 961.54 $961.54 1000.00
2 1000 924.56 924.56 $924.56 1000.00 PV = 4451.822
3 1000 889.00 889.00 $889.00 1000.00
4 1000 854.80 854.80 $854.80 1000.00
5 1000 821.93 821.93 $821.93 1000.00
4451.82 4451.82 4451.82
PRESENT VALUE
4451.82 4451.82 $4,451.82
$4,451.82
IRR Err:523 PV - PRESENT VALUE
RP - REGULAR PAYMENT 1000
I - INTEREST RATE 4%
FUTURE VALUE OF REGULAR PAYMENTS n - number of payments 5

INTEREST RATE 6.00000%

NO. OF YEARS 10
YEAR CASH FLOW FUTURE VALUE
1 1000.00 1060.00
2 1000 1123.60
3 1000 1191.02
4 1000 1262.48
5 1000 1338.23
6 1000 1418.52 FV = 13180.7949
7 1000 1503.63
8 1000 1593.85
9 1000 1689.48 FV - FUTURE VALUE
10 1000 1000.00 RP - REGULAR PAYMENT 1000
13180.79 I - INTEREST RATE 6%
FUTURE VALUE
13180.79 n - number of payments 10
 $961.54
$926.48

$4,451.82

Notes:
A is a fixed payment amount, every period
G is a steadily increasing payment amount, that starts at G and increases by G for each subsequent period.
D is an exponentially or geometrically increasing payment amount, that starts at D and
increases by a factor of (1+g) each subsequent period.
 FIXED RATE LOAN PAYMENT
321,481
Amount 204,000 Monthly Payment $6,191.39 24,695.00
Interest Rate 6.0% pa Monthly Rate 0.4868%
Term (years) 3
Total Interest $18,890.21 FV

Beginning
Months Payment Principal Interest Ending Balance
Balance
1 $6,191.39 $5,198.41 $992.98 204,000 $198,801.59
2 $6,191.39 $5,223.72 $967.68 198,802 $193,577.87
3 $6,191.39 $5,249.14 $942.25 193,578 $188,328.72
4 $6,191.39 $5,274.70 $916.70 188,329 $183,054.03
5 $6,191.39 $5,300.37 $891.02 183,054 $177,753.66
6 $6,191.39 $5,326.17 $865.22 177,754 $172,427.49
7 $6,191.39 $5,352.10 $839.30 172,427 $167,075.39
8 $6,191.39 $5,378.15 $813.25 167,075 $161,697.25
9 $6,191.39 $5,404.33 $787.07 161,697 $156,292.92
10 $6,191.39 $5,430.63 $760.76 156,293 $150,862.29
11 $6,191.39 $5,457.06 $734.33 150,862 $145,405.23
12 $6,191.39 $5,483.63 $707.77 145,405 $139,921.60
13 $6,191.39 $5,510.32 $681.08 139,922 $134,411.28
14 $6,191.39 $5,537.14 $654.25 134,411 $128,874.14
15 $6,191.39 $5,564.09 $627.30 128,874 $123,310.04
16 $6,191.39 $5,591.18 $600.22 123,310 $117,718.87
17 $6,191.39 $5,618.39 $573.00 117,719 $112,100.48
18 $6,191.39 $5,645.74 $545.65 112,100 $106,454.74
19 $6,191.39 $5,673.22 $518.17 106,455 $100,781.52
20 $6,191.39 $5,700.84 $490.56 100,782 $95,080.68
21 $6,191.39 $5,728.58 $462.81 95,081 $89,352.09
22 $6,191.39 $5,756.47 $434.93 89,352 $83,595.63
23 $6,191.39 $5,784.49 $406.91 83,596 $77,811.14
24 $6,191.39 $5,812.65 $378.75 77,811 $71,998.49
25 $6,191.39 $5,840.94 $350.46 71,998 $66,157.55
26 $6,191.39 $5,869.37 $322.03 66,158 $60,288.18
27 $6,191.39 $5,897.94 $293.46 60,288 $54,390.25
28 $6,191.39 $5,926.65 $264.75 54,390 $48,463.60
29 $6,191.39 $5,955.50 $235.90 48,464 $42,508.10
30 $6,191.39 $5,984.48 $206.91 42,508 $36,523.62
31 $6,191.39 $6,013.61 $177.78 36,524 $30,510.00
32 $6,191.39 $6,042.89 $148.51 30,510 $24,467.12
33 $6,191.39 $6,072.30 $119.09 24,467 $18,394.82
34 $6,191.39 $6,101.86 $89.54 18,395 $12,292.96
35 $6,191.39 $6,131.56 $59.84 12,293 $6,161.40
36 $6,191.39 $6,161.40 $29.99 6,161 $0.00
37 $6,191.39 Err:502 Err:502 0 Err:502
38 $6,191.39 Err:502 Err:502 Err:502 Err:502
39 $6,191.39 Err:502 Err:502 Err:502 Err:502
40 $6,191.39 Err:502 Err:502 Err:502 Err:502
41 $6,191.39 Err:502 Err:502 Err:502 Err:502
42 $6,191.39 Err:502 Err:502 Err:502 Err:502
43 $6,191.39 Err:502 Err:502 Err:502 Err:502
44 $6,191.39 Err:502 Err:502 Err:502 Err:502
45 $6,191.39 Err:502 Err:502 Err:502 Err:502
46 $6,191.39 Err:502 Err:502 Err:502 Err:502
47 $6,191.39 Err:502 Err:502 Err:502 Err:502
48 $6,191.39 Err:502 Err:502 Err:502 Err:502
49 $6,191.39 Err:502 Err:502 Err:502 Err:502
50 $6,191.39 Err:502 Err:502 Err:502 Err:502
51 $6,191.39 Err:502 Err:502 Err:502 Err:502
52 $6,191.39 Err:502 Err:502 Err:502 Err:502
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58 $6,191.39 Err:502 Err:502 Err:502 Err:502
59 $6,191.39 Err:502 Err:502 Err:502 Err:502
60 $6,191.39 Err:502 Err:502 Err:502 Err:502 $371,483.68
61 $6,191.39 Err:502 Err:502 Err:502 Err:502
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323 $6,191.39 Err:502 Err:502 Err:502 Err:502
324 $6,191.39 Err:502 Err:502 Err:502 Err:502
325 $6,191.39 Err:502 Err:502 Err:502 Err:502
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340 $6,191.39 Err:502 Err:502 Err:502 Err:502
341 $6,191.39 Err:502 Err:502 Err:502 Err:502
342 $6,191.39 Err:502 Err:502 Err:502 Err:502
343 $6,191.39 Err:502 Err:502 Err:502 Err:502
344 $6,191.39 Err:502 Err:502 Err:502 Err:502
345 $6,191.39 Err:502 Err:502 Err:502 Err:502
346 $6,191.39 Err:502 Err:502 Err:502 Err:502
347 $6,191.39 Err:502 Err:502 Err:502 Err:502
348 $6,191.39 Err:502 Err:502 Err:502 Err:502
349 $6,191.39 Err:502 Err:502 Err:502 Err:502
350 $6,191.39 Err:502 Err:502 Err:502 Err:502
351 $6,191.39 Err:502 Err:502 Err:502 Err:502
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353 $6,191.39 Err:502 Err:502 Err:502 Err:502
354 $6,191.39 Err:502 Err:502 Err:502 Err:502
355 $6,191.39 Err:502 Err:502 Err:502 Err:502
356 $6,191.39 Err:502 Err:502 Err:502 Err:502
357 $6,191.39 Err:502 Err:502 Err:502 Err:502
358 $6,191.39 Err:502 Err:502 Err:502 Err:502
359 $6,191.39 Err:502 Err:502 Err:502 Err:502
360 $6,191.39 Err:502 Err:502 Err:502 Err:502
$2,228,902.08
 430,213.93

6191.39

0.008333
EXAMPLE:
P = 150,000 172324 0.006667 0.006434 0.787255 0.793832 0.753307
n = 3 years 0.212745 0.206168 0.246693
I = 8% annual 0.031336 0.031208 0.032024
5400.008 5377.843 32023.6
$629,483.68
 FIXED RATE LOAN PAYMENT
1,030,128
Amount 342,000 Monthly Payment $19,915.25 24,695.00
Interest Rate 6.0% pa Monthly Rate 0.5000%
Term (years) 1.5
Total Interest Err:502 FV

Beginning
Months Payment Principal Interest Ending Balance
Balance
1 $19,915.25 $18,205.25 $1,710.00 342,000 $323,794.75
2 $19,915.25 $18,296.28 $1,618.97 323,795 $305,498.47
3 $19,915.25 $18,387.76 $1,527.49 305,498 $287,110.71
4 $19,915.25 $18,479.70 $1,435.55 287,111 $268,631.01
5 $19,915.25 $18,572.10 $1,343.16 268,631 $250,058.92
6 $19,915.25 $18,664.96 $1,250.29 250,059 $231,393.96
7 $19,915.25 $18,758.28 $1,156.97 231,394 $212,635.68
8 $19,915.25 $18,852.07 $1,063.18 212,636 $193,783.60
9 $19,915.25 $18,946.33 $968.92 193,784 $174,837.27
10 $19,915.25 $19,041.07 $874.19 174,837 $155,796.20
11 $19,915.25 $19,136.27 $778.98 155,796 $136,659.93
12 $19,915.25 $19,231.95 $683.30 136,660 $117,427.98
13 $19,915.25 $19,328.11 $587.14 117,428 $98,099.87 $14,411.00
14 $19,915.25 $19,424.75 $490.50 98,100 $78,675.12
15 $19,915.25 $19,521.88 $393.38 78,675 $59,153.24
16 $19,915.25 $19,619.49 $295.77 59,153 $39,533.75
17 $19,915.25 $19,717.58 $197.67 39,534 $19,816.17
18 $19,915.25 $19,816.17 $99.08 19,816 $0.00
19 $19,915.25 Err:502 Err:502 0 Err:502
20 $19,915.25 Err:502 Err:502 Err:502 Err:502
21 $19,915.25 Err:502 Err:502 Err:502 Err:502
22 $19,915.25 Err:502 Err:502 Err:502 Err:502
23 $19,915.25 Err:502 Err:502 Err:502 Err:502
24 $19,915.25 Err:502 Err:502 Err:502 Err:502
25 $19,915.25 Err:502 Err:502 Err:502 Err:502
26 $19,915.25 Err:502 Err:502 Err:502 Err:502
27 $19,915.25 Err:502 Err:502 Err:502 Err:502
28 $19,915.25 Err:502 Err:502 Err:502 Err:502
29 $19,915.25 Err:502 Err:502 Err:502 Err:502
30 $19,915.25 Err:502 Err:502 Err:502 Err:502
31 $19,915.25 Err:502 Err:502 Err:502 Err:502
32 $19,915.25 Err:502 Err:502 Err:502 Err:502
33 $19,915.25 Err:502 Err:502 Err:502 Err:502
34 $19,915.25 Err:502 Err:502 Err:502 Err:502
35 $19,915.25 Err:502 Err:502 Err:502 Err:502
36 $19,915.25 Err:502 Err:502 Err:502 Err:502
37 $19,915.25 Err:502 Err:502 Err:502 Err:502
38 $19,915.25 Err:502 Err:502 Err:502 Err:502
39 $19,915.25 Err:502 Err:502 Err:502 Err:502
40 $19,915.25 Err:502 Err:502 Err:502 Err:502
41 $19,915.25 Err:502 Err:502 Err:502 Err:502
42 $19,915.25 Err:502 Err:502 Err:502 Err:502
43 $19,915.25 Err:502 Err:502 Err:502 Err:502
44 $19,915.25 Err:502 Err:502 Err:502 Err:502
45 $19,915.25 Err:502 Err:502 Err:502 Err:502
46 $19,915.25 Err:502 Err:502 Err:502 Err:502
47 $19,915.25 Err:502 Err:502 Err:502 Err:502
48 $19,915.25 Err:502 Err:502 Err:502 Err:502
49 $19,915.25 Err:502 Err:502 Err:502 Err:502
50 $19,915.25 Err:502 Err:502 Err:502 Err:502
51 $19,915.25 Err:502 Err:502 Err:502 Err:502
52 $19,915.25 Err:502 Err:502 Err:502 Err:502
53 $19,915.25 Err:502 Err:502 Err:502 Err:502
54 $19,915.25 Err:502 Err:502 Err:502 Err:502
55 $19,915.25 Err:502 Err:502 Err:502 Err:502
56 $19,915.25 Err:502 Err:502 Err:502 Err:502
57 $19,915.25 Err:502 Err:502 Err:502 Err:502
58 $19,915.25 Err:502 Err:502 Err:502 Err:502
59 $19,915.25 Err:502 Err:502 Err:502 Err:502
60 $19,915.25 Err:502 Err:502 Err:502 Err:502 $1,194,915.11
61 $19,915.25 Err:502 Err:502 Err:502 Err:502
62 $19,915.25 Err:502 Err:502 Err:502 Err:502
63 $19,915.25 Err:502 Err:502 Err:502 Err:502
64 $19,915.25 Err:502 Err:502 Err:502 Err:502
65 $19,915.25 Err:502 Err:502 Err:502 Err:502
66 $19,915.25 Err:502 Err:502 Err:502 Err:502
67 $19,915.25 Err:502 Err:502 Err:502 Err:502
68 $19,915.25 Err:502 Err:502 Err:502 Err:502
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70 $19,915.25 Err:502 Err:502 Err:502 Err:502
71 $19,915.25 Err:502 Err:502 Err:502 Err:502
72 $19,915.25 Err:502 Err:502 Err:502 Err:502
73 $19,915.25 Err:502 Err:502 Err:502 Err:502
74 $19,915.25 Err:502 Err:502 Err:502 Err:502
75 $19,915.25 Err:502 Err:502 Err:502 Err:502
76 $19,915.25 Err:502 Err:502 Err:502 Err:502
77 $19,915.25 Err:502 Err:502 Err:502 Err:502
78 $19,915.25 Err:502 Err:502 Err:502 Err:502
79 $19,915.25 Err:502 Err:502 Err:502 Err:502
80 $19,915.25 Err:502 Err:502 Err:502 Err:502
81 $19,915.25 Err:502 Err:502 Err:502 Err:502
82 $19,915.25 Err:502 Err:502 Err:502 Err:502
83 $19,915.25 Err:502 Err:502 Err:502 Err:502
84 $19,915.25 Err:502 Err:502 Err:502 Err:502
85 $19,915.25 Err:502 Err:502 Err:502 Err:502
86 $19,915.25 Err:502 Err:502 Err:502 Err:502
87 $19,915.25 Err:502 Err:502 Err:502 Err:502
88 $19,915.25 Err:502 Err:502 Err:502 Err:502
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90 $19,915.25 Err:502 Err:502 Err:502 Err:502
91 $19,915.25 Err:502 Err:502 Err:502 Err:502
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93 $19,915.25 Err:502 Err:502 Err:502 Err:502
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242 $19,915.25 Err:502 Err:502 Err:502 Err:502
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330 $19,915.25 Err:502 Err:502 Err:502 Err:502
331 $19,915.25 Err:502 Err:502 Err:502 Err:502
332 $19,915.25 Err:502 Err:502 Err:502 Err:502
333 $19,915.25 Err:502 Err:502 Err:502 Err:502
334 $19,915.25 Err:502 Err:502 Err:502 Err:502
335 $19,915.25 Err:502 Err:502 Err:502 Err:502
336 $19,915.25 Err:502 Err:502 Err:502 Err:502
337 $19,915.25 Err:502 Err:502 Err:502 Err:502
338 $19,915.25 Err:502 Err:502 Err:502 Err:502
339 $19,915.25 Err:502 Err:502 Err:502 Err:502
340 $19,915.25 Err:502 Err:502 Err:502 Err:502
341 $19,915.25 Err:502 Err:502 Err:502 Err:502
342 $19,915.25 Err:502 Err:502 Err:502 Err:502
343 $19,915.25 Err:502 Err:502 Err:502 Err:502
344 $19,915.25 Err:502 Err:502 Err:502 Err:502
345 $19,915.25 Err:502 Err:502 Err:502 Err:502
346 $19,915.25 Err:502 Err:502 Err:502 Err:502
347 $19,915.25 Err:502 Err:502 Err:502 Err:502
348 $19,915.25 Err:502 Err:502 Err:502 Err:502
349 $19,915.25 Err:502 Err:502 Err:502 Err:502
350 $19,915.25 Err:502 Err:502 Err:502 Err:502
351 $19,915.25 Err:502 Err:502 Err:502 Err:502
352 $19,915.25 Err:502 Err:502 Err:502 Err:502
353 $19,915.25 Err:502 Err:502 Err:502 Err:502
354 $19,915.25 Err:502 Err:502 Err:502 Err:502
355 $19,915.25 Err:502 Err:502 Err:502 Err:502
356 $19,915.25 Err:502 Err:502 Err:502 Err:502
357 $19,915.25 Err:502 Err:502 Err:502 Err:502
358 $19,915.25 Err:502 Err:502 Err:502 Err:502
359 $19,915.25 Err:502 Err:502 Err:502 Err:502
360 $19,915.25 Err:502 Err:502 Err:502 Err:502
$7,169,490.66
 1,389,487.73

0.008333
EXAMPLE:
P = 150,000 150000 0.006667 0.006434 0.091443 0.099377 0.623668
n = 30 years 0.908557 0.900623 0.376332
I = 8% annual 0.007338 0.007144 0.020992
1100.647 1071.597 20992.09
$1,452,915.11
 Savings/Retirement
(Yearly)
Periods: 40 Value in Years: $533,199.10 181199.7
Rate: 5% (if deposit at the end of each year)

Starting Amount 50000 Value in Years: $542,259.08

Annual Deposit 1500 (if deposit at the start of each year)

(Monthly)
Periods: 480 Value in Years: $537,315.01
Rate: 0.41% (if deposit at the end of each year)

Starting Amount: 50000 Value in Years: $538,070.01

Deposit: 125 (if deposit at the start of each year)
FUTURE VALUE (Payment at end of
each period)

FV - FUTURE VALUE
RP - REGULAR PAYMENT
I - INTEREST RATE
n - number of payments
FV = 431.0125 RP = 100.00

Amount 100
Interest 5.00% FUTURE VALUE (Payment at FUTURE VALUE (Payment at start of
end of each period) RP each period)
Interest Deposited Total MATH EXCEL MATH Total MATH
1 5.00% 100 100.00 100.00 $100.00 100.00 105.00
2 5.00% 100 205.00 205.00 $205.00 100.00 215.25
3 5.00% 100 315.25 315.25 $315.25 100.00 331.01
4 5.00% 100 431.01 431.01 $431.01 100.00 452.56
$431.01

Amount Borrowed 1034000

Interest Rate 8%
No. of Payments 60

Monthly Payment $20,768.41

My Goal is to keep my monthly payment to 275.00

Borrow Less Money Lower My Interest Rate In the number of payments

Amount Borrowed 92,039 Amount Borrowed 15000 Amount Borrowed
Interest Rate 8.0% Interest Rate 8% Interest Rate
No. of Payments 36 No. of Payments 60 No. of Payments

Monthly Payment $2,884.16 Monthly Payment $304.15 Monthly Payment

DATA > WHAT-IF ANALYSIS > GOAL SEEK > SET CELL (C34) > TO VALUE (275) > BY CHANGING CELL (C30)
R PAYMENT 100
5%
4

LUE (Payment at start of FUTURE VALUE (Payment at

each period) start of each period)
EXCEL
$105.00
$215.25
$331.01
$452.56

In the number of payments

Amount Borrowed 15000
Interest Rate 8%
No. of Payments 60

Monthly Payment $304.15

Danny's Clothing Store Invoice

Code Quantity Description List Price Amount

501 2 Man's Brown Suit 399.95 799.90
503 3 Man's Tan Tie 29.95 89.85
506 2 Woman's Silk Blouse 125 250.00
504 1 Man's Brown Shoues 59.95 59.95
Product Price List

Code Product List Price

501 Man's Brown Suit 399.95
502 Man's White Shirt 49.95
503 Man's Tan Tie 29.95
504 Man's Brown Shoues 59.95
505 Woman's Blue Jacket 299.99
506 Woman's Silk Blouse 125
507 Woman's Scarf 59.95
508 Woman's Blue Shoes 69.95
Calculate a Monthly Loan Amount

Amount Borrowed 30000

Interest Rate 9%
No. of Payments 24
Number of Payments
Monthly Payment $1,370.54 12 24 36 48 60 72 84
5.00%
5.25%
5.50%
5.75%
Interest Rate

6.00%
6.25%
6.50%
6.75%
7.00%
7.25%
7.50%
7.75%
8.00%
8.25%
8.50%
8.75%
9.00%
9.25%
9.50%
9.75%
10.00%

SELECT CELL RANGE (B7:J28) > DATA > WHAT-IF ANALYSIS > DATA TABLE > ROW INPUT CELL (B5) > CO
1. In a cell on the worksheet, enter the formula that refers to the two input cells.
In the following example, in which the formula's starting values are entered in cells B3, B4, and
2. Type one list of input values in the same column, below the formula.
In this case, type the different interest rates in cells C3, C4, and C5.
3. Enter the second list in the same row as the formula, to its right.
Type the loan terms (in months) in cells D2 and E2.
4. Select the range of cells that contains the formula (C2), both the row and column of values
In this case, select the range C2:E5.
5. On the Data tab, in the Data Tools group, click What-If Analysis, and then click Data Tabl
6. In the Row input cell box, enter the reference to the input cell for the input values in the row
Type cell B4 in the Row input cell box.
7. In the Column input cell box, enter the reference to the input cell for the input values in the
Type B3 in the Column input cell box.
8. Click OK.
 96 108 120 132 144 156 168 180 192 204

OW INPUT CELL (B5) > COLUMN INPUT CELL (B4)

in cells B3, B4, and B5, you type the formula =PMT(B3/12,B4,-B5) in cell C2.

d column of values (C3:C5 and D2:E2), and the cells in which you want the calculated values (D3:E5).

hen click Data Table.

put values in the row.

e input values in the column.

 216 228 240 252 264 276 288 300 312 324

ed values (D3:E5).
336
WATER PUMP ANNUAL CAPITAL RECOVERY COST:

Initial Cost (Rupiahs/15 HP unit) = 1,120,000 rupiah

Useful Life = 10 years

Salvage Value = 112,000 rupiah

Interest Rate = 28% % per year

Present Value of Salvage Value = 9,486.77 rupiah

Net Cost = 1,110,513 rupiah

Recovery Ratio = 30.59% %

Annual Recovery Cost = 339,719.03 rupiah

Total Horsepower Hours = 7,200 hours

Recovery per Horsepower Hours = 47.18 Rupia/HP-Hr

63.248255
1433600
720
3,397,190.25
Market Value of the company's equity (E) = 600,000.00
Cost of Equity (Re) = 6% Investers expect a return of 6% on their investment.

Market Value of the company's debt (D) = 400,000.00

Cost of Debt (Rd) = 5% People who bought those bonds expect a 5% return.

Total Market Value of the company = 1,000,000.00 (Equity(600,000) + Debt (400,000))

Corporate Tax Rate (T) = 35%

WACC = 4.90%
PB 117 & PB 118

CONTRACTED CAPACITY, KW = 150,000 kW

Initial Cost = 1,711,291,700 pesos

Useful Life = 15 years

Salvage Value = 114,086,113 pesos

Interest Rate = 18% % per year

Present Value of Salvage Value = 9,528,020.33 pesos

Net Cost = 1,701,763,680 pesos

Recovery Ratio = 19.64% %

Annual Recovery Cost = 334,231,121.88 pesos

Total kWh = 837,456,000 kWh

Recovery per kWh = 0.3991 P/kWh

720
###