S05P1.TXT D i s c o u n t e d C a s h F l o w --------------------------------------- Prepared by : R. Martin Date prepared : 05-10-1997 Description : S05P1 - Complex Cash Flows Study period : 2 years Discount rate : 10.00 percent (geometric mean of positive rates} Discount method: End-of-year ---------------------------------------------------------------------------- Project Expenditures Revenues Net Cash Discount Discounted Year (-) (+) Flow Rate Factor Cash Flow ---------------------------------------------------------------------------- 0 $0.00 $1,000.00 $1,000.00 0.00 1.0000 $1,000.00 1 $3,000.00 $0.00 -$3,000.00 10.00 0.9091 -$2,727.27 2 $0.00 $2,500.00 $2,500.00 10.00 0.8264 $2,066.12 ---------------------------------------------------------------------------- Tot $3,000.00 $3,500.00 $500.00 2.7355 $338.85 ---------------------------------------------------------------------------- Uniform annual inflow without terminal value : $123.87 IRR incalculable--NPV diverging from zero : ---------------------------------------------------------------------------- S05P2.TXT D i s c o u n t e d C a s h F l o w --------------------------------------- Prepared by : R. Martin Date prepared : 06-20-1997 Description : S05P2 - Complex Cash Flows Study period : 2 years Discount rate : 10.00 percent Discount method: Continuous ---------------------------------------------------------------------------- Project Expenditures Revenues Net Cash Discount Discounted Year (-) (+) Flow Factor Cash Flow ---------------------------------------------------------------------------- 0 $0.00 $1,000.00 $1,000.00 1.0517 $1,051.71 1 $3,000.00 $0.00 -$3,000.00 0.9516 -$2,854.88 2 $0.00 $2,500.00 $2,500.00 0.8611 $2,152.67 ---------------------------------------------------------------------------- Total $3,000.00 $3,500.00 $500.00 2.8644 $349.50 ---------------------------------------------------------------------------- Uniform annual inflow without terminal value : $122.02 Internal rate of return (IRR)(Sign +/-: 2) : 30.74 percent IRR--discount rate differential : 20.74 percent ---------------------------------------------------------------------------- S05P3.TXT D i s c o u n t e d C a s h F l o w --------------------------------------- Prepared by : R. Martin Date prepared : 06-20-1997 Description : S05P3 - Complex Cash Flows Study period : 2 years Discount rate : 10.00 percent Discount method: Middle-of-year ---------------------------------------------------------------------------- Project Expenditures Revenues Net Cash Discount Discounted Year (-) (+) Flow Factor Cash Flow ---------------------------------------------------------------------------- 0 $0.00 $1,000.00 $1,000.00 1.0500 $1,050.00 1 $3,000.00 $0.00 -$3,000.00 0.9545 -$2,863.64 2 $0.00 $2,500.00 $2,500.00 0.8678 $2,169.42 ---------------------------------------------------------------------------- Total $3,000.00 $3,500.00 $500.00 2.8723 $355.78 ---------------------------------------------------------------------------- Uniform annual inflow without terminal value : $123.87 Internal rate of return (IRR)(Sign +/-: 2) : 35.08 percent IRR--discount rate differential : 25.08 percent ---------------------------------------------------------------------------- Home Page Menu: http://members.tripod.com/~Ray_Martin/RMenu.html