Column1

growth rate
income after tax
dividend payout ratio
dividend paid

2014 (expected)
2015 (expected)
2016 (expected)
3.70%
3.70%
3.70%
4349554000000
4510487498000 4677375535426
12%
12%
12%
130486620000
541258499760
420963798188

NPV (VND)
cash outflow (VND)
discount factor
PV of cash flow
NPV

k=8%
-16067177000

2014
2015
2016
130486620000
541258499760 420963798188
0.925925926
0.85733882
0.793832241
120820944444.44 464041923662.55 ##############

902970326411.21

NPV
Column1
2014
2015
2016
cash outflow (VND)
-16067177000
130486620000
541258499760 420963798188
exchange rate
0.000047
0.000047
0.000047
0.000047
cash outflow (USD)
$
(755,157.319) $
6,132,871.14 $ 25,439,149.49 $ 19,785,298.5
discount factor
0.925925926
0.85733882
0.793832241
PV of cash flow (USD) (k=8%)
$
5,678,584.4 $ 21,809,970.4 $ 15,706,207.9
NPV (USD)
$
42,439,605.3

NPV
cash outflow (VND)
Strong VND scenario
Exchange rate
cash outflow (USD)
discount factor
PV of cash flow (USD)
NPV
Weak VND scenario
Exchange rate
cash outflow (USD)
discount factor
PV of cash flow (USD)
NPV

Initial outlay
2014
2015
2016
-16067177000
130486620000
541258499760 420963798188
$
$

0.00005 $
(803,359) $
$

0.00005 $
27,062,925 $
0.85733882
23,202,096 $

0.00005
21,048,190
0.793832241
16,708,732

45,148,516

0.00004
(642,687) $
$

0.00005 $
6,524,331 $
0.925925926
6,041,047 $

36,118,813

0.00004
0.00004
0.00004
5,219,464.8 $ 21,650,339.99 $ 16,838,551.9
0.925925926
0.85733882
0.793832241
4,832,837.78 $ 18,561,676.95 $ 13,366,985.4

VND/USD = 21225

0.000047