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0.1 Optimistic
0.8 Most Likely
0.1 Pessimistic
Cash flows
80
116
153
52
62
74
20
23
24
-325
51.6
63.5
76.9
80
116
153
52
62
74
20
23
24
-292.5
49.6
61.2
74.5
-15
-6.27
Year
0.1 Optimistic
0.8 Most Likely
0.1 Pessimistic
Cash flows
14.36
-15
177
223
268
314
77
89
104
122
18
20
20
22
81.1
95.5
112
131.2
177
223
268
314
77
89
104
122
18
20
20
22
79.3
93.5
110
129
0
Sales (new)
Sales (old)
Sales delta
1
720000
600000
120000
2
720000
600000
120000
3
720000
600000
120000
4
720000
600000
120000
5
720000
600000
120000
Cost (new)
Cost (old)
Cost delta
380000
390000
-10000
380000
390000
-10000
380000
390000
-10000
380000
390000
-10000
380000
390000
-10000
45000
20000
25000
45000
20000
25000
45000
20000
25000
45000
20000
25000
45000
20000
25000
PBT (new)
PBT (old)
295000
190000
295000
190000
295000
190000
295000
190000
295000
190000
PAT (new)
PAT (old)
PAT delta
147500
95000
52500
147500
95000
52500
147500
95000
52500
147500
95000
52500
147500
95000
52500
77500
77500
77500
77500
Depreciation (new)
Depreciation (old)
Depreciation delta
NWC
-25000
Capex (new)
capex (tax shield)
Capex (old)
tax shield
-200000
-200000
0
50000
FCF
-175000
58,580.38
-122500
6
720000
600000
120000
7
720000
600000
120000
8
720000
600000
120000
9
720000
600000
120000
10
720000
600000
120000
380000
390000
-10000
380000
390000
-10000
380000
390000
-10000
380000
390000
-10000
380000
390000
-10000
45000
20000
25000
45000
20000
25000
45000
20000
25000
45000
20000
25000
45000
20000
25000
295000
190000
295000
190000
295000
190000
295000
190000
295000
190000
147500
95000
52500
147500
95000
52500
147500
95000
52500
147500
95000
52500
147500
95000
52500
25000
50000
77500
77500
77500
77500
152500