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Economic Analysis

<title of the investment proposal>

Summary Table
Tuesday, January 05, 2016
Option 1
Option 2
<description>
<description>
Appraisal period (years)
30
30
Capital Costs
$0
$2,000,000
Whole of Life Costs
$15,000,000
$17,000,000
Cost-benefit analysis of monetary costs and benefits at the Public Sector Discount Rate
Present Value of Benefits
$5,849,716
$7,604,631
Present Value of Costs
$5,849,716
$7,849,716
Benefit Cost Ratio
1.00
0.97
Net Present Value
$0
-$245,085
Multi-Criteria Analysis ranking of intangible costs and benefits (if any)
Criteria 1
1.50
2.50
Criteria 2
1.25
2.25
Criteria 3
0.60
0.90
Criteria 4
0.40
0.30
Weighted Score
3.8
6.0

ment proposal>

Option 3
<description>
30
$30,000,000
$45,000,000
ctor Discount Rate
$39,841,423
$35,479,345
1.12
$4,362,077
)
2.50
1.20
0.50
4.2

Option 4
<description>
30
$55,000,000
$70,000,000
$47,718,390
$43,903,348
1.09
$3,815,042
2.50
1.50
1.20
0.80
6.0

Cost Benefit Analysis


Option 1:

<title of the investment proposal>


<description of the option>

Tuesday, January 05, 2016


Key Assumptions:
Public Sector Discount Rate 2011
Appraisal period (years)

8.00%
30 years

Summary of the Results of the Analysis:


Capital Costs
$0
Whole of Life Costs
$15,000,000
Present Value of Benefits
$5,849,716
Present Value of Costs
$5,849,716
Benefit Cost Ratio
1.00
Net Present Value
$0

Year
Discount factor (mid-year)
Discount factor (start of year)
Benefit 1 <description>
Benefit 2 <description>
Benefit 3 <description>
Benefit 4 <description>
Benefit 5 <description>
Total Benefits (mid-year)
Present Value of Benefits (mid-yr)
Present Value of Benefits
Cost 1 <description>
Cost 2 <description>
Cost 3 <description>
Cost 4 <description>
Cost 5 <description>
Total Costs (mid-year)
Capital Costs (at start of year)
Total Costs
Total Capital Costs
Total Whole of Life Costs
Present
Present
Present
Present

Value
Value
Value
Value

of
of
of
of

Costs (mid-year)
Costs (start year)
Costs (by year)
Costs

Input the relevant latest publish


http://www.treasury.govt.nz/pub
efitanalysis

Input the required period of the


required services (max 50 year

The sum of the discounted ben

The sum of the discounted net


Equal to Present Value of Benefi

0
2012
0.96225
1.00000

1
2013
0.89097
0.92593

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$481,125
$5,849,716

$445,486

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000
$0
-$15,000,000

$0
-$500,000

-$481,125
$0
-$481,125
-$5,849,716

-$445,486
$0
-$445,486

Net Cash Flows


Net Present Value (by year)
Cumulative NPV

Chart data only:


Year
Present Value of Benefits ($million)
$
Present Value of Costs ($million)
-$
Cumulative Net Present Value ($million) $

$0
$0
$0

0
0.481 $
0.481 -$
$

$0
$0
$0

1
0.445
0.445
-

ment proposal>
option>
Input the relevant latest published rate from
http://www.treasury.govt.nz/publications/guidance/planning/costben
efitanalysis
Input the required period of the analysis, typically the term of the
required services (max 50 years)

The sum of the discounted benefits over the appraisal period

The sum of the discounted net cash-flows over the appraisal period.
Equal to Present Value of Benefits less Present Value of Costs

2
2014
0.82497
0.85734

3
2015
0.76387
0.79383

4
2016
0.70728
0.73503

5
2017
0.65489
0.68058

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$412,487

$381,933

$353,641

$327,446

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$412,487
$0
-$412,487

-$381,933
$0
-$381,933

-$353,641
$0
-$353,641

-$327,446
$0
-$327,446

$
-$
$

$0
$0
$0

$0
$0
$0

$0
$0
$0

2
0.412 $
0.412 -$
$

3
0.382 $
0.382 -$
$

4
0.354 $
0.354 -$
$

$0
$0
$0

5
0.327
0.327
-

6
2018
0.60638
0.63017

7
2019
0.56146
0.58349

8
2020
0.51987
0.54027

9
2021
0.48136
0.50025

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$303,191

$280,732

$259,937

$240,682

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$303,191
$0
-$303,191

-$280,732
$0
-$280,732

-$259,937
$0
-$259,937

-$240,682
$0
-$240,682

$
-$
$

$0
$0
$0

$0
$0
$0

$0
$0
$0

6
0.303 $
0.303 -$
$

7
0.281 $
0.281 -$
$

8
0.260 $
0.260 -$
$

$0
$0
$0

9
0.241
0.241
-

10
2022
0.44571
0.46319

11
2023
0.41269
0.42888

12
2024
0.38212
0.39711

13
2025
0.35382
0.36770

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$222,854

$206,346

$191,061

$176,909

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$222,854
$0
-$222,854

-$206,346
$0
-$206,346

-$191,061
$0
-$191,061

-$176,909
$0
-$176,909

$
-$
$

$0
$0
$0

$0
$0
$0

$0
$0
$0

10
0.223 $
0.223 -$
$

11
0.206 $
0.206 -$
$

12
0.191 $
0.191 -$
$

$0
$0
$0

13
0.177
0.177
-

14
2026
0.32761
0.34046

15
2027
0.30334
0.31524

16
2028
0.28087
0.29189

17
2029
0.26007
0.27027

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$163,804

$151,671

$140,436

$130,033

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$163,804
$0
-$163,804

-$151,671
$0
-$151,671

-$140,436
$0
-$140,436

-$130,033
$0
-$130,033

$
-$
$

$0
$0
$0

$0
$0
$0

$0
$0
$0

14
0.164 $
0.164 -$
$

15
0.152 $
0.152 -$
$

16
0.140 $
0.140 -$
$

$0
$0
$0

17
0.130
0.130
-

18
2030
0.24080
0.25025

19
2031
0.22297
0.23171

20
2032
0.20645
0.21455

21
2033
0.19116
0.19866

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$120,401

$111,483

$103,225

$95,578

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$120,401
$0
-$120,401

-$111,483
$0
-$111,483

-$103,225
$0
-$103,225

-$95,578
$0
-$95,578

$
-$
$

$0
$0
$0

$0
$0
$0

$0
$0
$0

18
0.120 $
0.120 -$
$

19
0.111 $
0.111 -$
$

20
0.103 $
0.103 -$
$

$0
$0
$0

21
0.096
0.096
-

22
2034
0.17700
0.18394

23
2035
0.16389
0.17032

24
2036
0.15175
0.15770

25
2037
0.14051
0.14602

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$88,498

$81,943

$75,873

$70,253

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$88,498
$0
-$88,498

-$81,943
$0
-$81,943

-$75,873
$0
-$75,873

-$70,253
$0
-$70,253

$
-$
$

$0
$0
$0

$0
$0
$0

$0
$0
$0

22
0.088 $
0.088 -$
$

23
0.082 $
0.082 -$
$

24
0.076 $
0.076 -$
$

$0
$0
$0

25
0.070
0.070
-

26
2038
0.13010
0.13520

27
2039
0.12046
0.12519

28
2040
0.11154
0.11591

29
2041
0.10328
0.10733

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$100,000
$100,000
$100,000
$100,000
$100,000
$500,000

$65,049

$60,231

$55,769

$51,638

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$65,049
$0
-$65,049

-$60,231
$0
-$60,231

-$55,769
$0
-$55,769

-$51,638
$0
-$51,638

$
-$
$

$0
$0
$0

$0
$0
$0

$0
$0
$0

26
0.065 $
0.065 -$
$

27
0.060 $
0.060 -$
$

28
0.056 $
0.056 -$
$

$0
$0
$0

29
0.052
0.052
-

1000
2042
0.00000
0.00000

1000
2043
0.00000
0.00000

1000
2044
0.00000
0.00000

1000
2045
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$
$
$

$0
$0
$0

$0
$0
$0

$0
$0
$0

1000
$
$
$

1000
$
$
$

1000
$
$
$

$0
$0
$0

1000
-

1000
2046
0.00000
0.00000

1000
2047
0.00000
0.00000

1000
2048
0.00000
0.00000

1000
2049
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$
$
$

$0
$0
$0

$0
$0
$0

$0
$0
$0

1000
$
$
$

1000
$
$
$

1000
$
$
$

$0
$0
$0

1000
-

1000
2050
0.00000
0.00000

1000
2051
0.00000
0.00000

1000
2052
0.00000
0.00000

1000
2053
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$
$
$

$0
$0
$0

$0
$0
$0

$0
$0
$0

1000
$
$
$

1000
$
$
$

1000
$
$
$

$0
$0
$0

1000
-

1000
2054
0.00000
0.00000

1000
2055
0.00000
0.00000

1000
2056
0.00000
0.00000

1000
2057
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$
$
$

$0
$0
$0

$0
$0
$0

$0
$0
$0

1000
$
$
$

1000
$
$
$

1000
$
$
$

$0
$0
$0

1000
-

1000
2058
0.00000
0.00000

1000
2059
0.00000
0.00000

1000
2060
0.00000
0.00000

1000
2061
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$
$
$

$0
$0
$0

$0
$0
$0

$0
$0
$0

1000
$
$
$

1000
$
$
$

1000
$
$
$

$0
$0
$0

1000
-

Todays Dollars ($ millions)

$0.600

Cost Benefit Analysis: Option 1

$0.400

$0.200

$-

-$0.200

-$0.400
Present Value of Benefits ($million)
Present Value of Costs ($million)
-$0.600

Cumulative Net Present Value ($million)


12 3 456 78 91 1 11 11 11 11 22 22 22 2 22 23 33 33 33 33 34 44 44 4 44 44 5
0 1 2 3 4 5 6 7 8 9 0 1 2 3Year
45 6 78 90 12 34 56 78 90 12 34 5 67 89 0

Cost Benefit Analysis


Option 2:

<title of the investment proposal>


<description of the option>

Tuesday, January 05, 2016


Key Assumptions:
Public Sector Discount Rate 2011
Appraisal period (years)

8.00%
30 years

Summary of the Results of the Analysis:


Capital Costs
$2,000,000
Whole of Life Costs
$17,000,000
Present Value of Benefits
$7,604,631
Present Value of Costs
$7,849,716
Benefit Cost Ratio
0.97
Net Present Value
-$245,085

Year
Discount factor (mid-year)
Discount factor (start of year)
Benefit 1 <description>
Benefit 2 <description>
Benefit 3 <description>
Benefit 4 <description>
Benefit 5 <description>
Total Benefits (mid-year)
Present Value of Benefits (mid-yr)
Present Value of Benefits
Cost 1 <description>
Cost 2 <description>
Cost 3 <description>
Cost 4 <description>
Cost 5 <description>
Total Costs (mid-year)
Capital Costs (at start of year)
Total Costs
Total Capital Costs
Total Whole of Life Costs
Present
Present
Present
Present

Value
Value
Value
Value

of
of
of
of

Costs (mid-year)
Costs (start year)
Costs (by year)
Costs

Input the relevant latest publish


http://www.treasury.govt.nz/pub
efitanalysis

Input the required period of the


required services (max 50 year

The sum of the discounted ben

The sum of the discounted net


Equal to Present Value of Benefi

0
2012
0.96225
1.00000

1
2013
0.89097
0.92593

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$625,463
$7,604,631

$579,132

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$2,000,000
-$2,500,000
-$2,000,000
-$17,000,000

$0
-$500,000

-$481,125
-$2,000,000
-$2,481,125
-$7,849,716

-$445,486
$0
-$445,486

Net Cash Flows


Net Present Value (by year)
Cumulative NPV

Chart data only:


Year
Present Value of Benefits ($million)
$
Present Value of Costs ($million)
-$
Cumulative Net Present Value ($million) -$

-$1,850,000
-$1,855,662
-$1,855,662

0
0.625 $
2.481 -$
1.856 -$

$150,000
$133,646
-$1,722,017

1
0.579
0.445
1.722

ment proposal>
option>
Input the relevant latest published rate from
http://www.treasury.govt.nz/publications/guidance/planning/costben
efitanalysis
Input the required period of the analysis, typically the term of the
required services (max 50 years)

The sum of the discounted benefits over the appraisal period

The sum of the discounted net cash-flows over the appraisal period.
Equal to Present Value of Benefits less Present Value of Costs

2
2014
0.82497
0.85734

3
2015
0.76387
0.79383

4
2016
0.70728
0.73503

5
2017
0.65489
0.68058

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$536,234

$496,513

$459,734

$425,679

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$412,487
$0
-$412,487

-$381,933
$0
-$381,933

-$353,641
$0
-$353,641

-$327,446
$0
-$327,446

$150,000
$123,746
-$1,598,270

$
-$
-$

2
0.536 $
0.412 -$
1.598 -$

$150,000
$114,580
-$1,483,691

3
0.497 $
0.382 -$
1.484 -$

$150,000
$106,092
-$1,377,598

4
0.460 $
0.354 -$
1.378 -$

$150,000
$98,234
-$1,279,364

5
0.426
0.327
1.279

6
2018
0.60638
0.63017

7
2019
0.56146
0.58349

8
2020
0.51987
0.54027

9
2021
0.48136
0.50025

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$394,148

$364,952

$337,918

$312,887

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$303,191
$0
-$303,191

-$280,732
$0
-$280,732

-$259,937
$0
-$259,937

-$240,682
$0
-$240,682

$150,000
$90,957
-$1,188,407

$
-$
-$

6
0.394 $
0.303 -$
1.188 -$

$150,000
$84,220
-$1,104,188

7
0.365 $
0.281 -$
1.104 -$

$150,000
$77,981
-$1,026,207

8
0.338 $
0.260 -$
1.026 -$

$150,000
$72,205
-$954,002

9
0.313
0.241
0.954

10
2022
0.44571
0.46319

11
2023
0.41269
0.42888

12
2024
0.38212
0.39711

13
2025
0.35382
0.36770

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$289,710

$268,250

$248,380

$229,981

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$222,854
$0
-$222,854

-$206,346
$0
-$206,346

-$191,061
$0
-$191,061

-$176,909
$0
-$176,909

$150,000
$66,856
-$887,146

$
-$
-$

10
0.290 $
0.223 -$
0.887 -$

$150,000
$61,904
-$825,242

11
0.268 $
0.206 -$
0.825 -$

$150,000
$57,318
-$767,923

12
0.248 $
0.191 -$
0.768 -$

$150,000
$53,073
-$714,851

13
0.230
0.177
0.715

14
2026
0.32761
0.34046

15
2027
0.30334
0.31524

16
2028
0.28087
0.29189

17
2029
0.26007
0.27027

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$212,946

$197,172

$182,567

$169,043

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$163,804
$0
-$163,804

-$151,671
$0
-$151,671

-$140,436
$0
-$140,436

-$130,033
$0
-$130,033

$150,000
$49,141
-$665,709

$
-$
-$

14
0.213 $
0.164 -$
0.666 -$

$150,000
$45,501
-$620,208

15
0.197 $
0.152 -$
0.620 -$

$150,000
$42,131
-$578,077

16
0.183 $
0.140 -$
0.578 -$

$150,000
$39,010
-$539,067

17
0.169
0.130
0.539

18
2030
0.24080
0.25025

19
2031
0.22297
0.23171

20
2032
0.20645
0.21455

21
2033
0.19116
0.19866

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$156,521

$144,927

$134,192

$124,252

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$120,401
$0
-$120,401

-$111,483
$0
-$111,483

-$103,225
$0
-$103,225

-$95,578
$0
-$95,578

$150,000
$36,120
-$502,947

$
-$
-$

18
0.157 $
0.120 -$
0.503 -$

$150,000
$33,445
-$469,502

19
0.145 $
0.111 -$
0.470 -$

$150,000
$30,967
-$438,535

20
0.134 $
0.103 -$
0.439 -$

$150,000
$28,673
-$409,861

21
0.124
0.096
0.410

22
2034
0.17700
0.18394

23
2035
0.16389
0.17032

24
2036
0.15175
0.15770

25
2037
0.14051
0.14602

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$115,048

$106,526

$98,635

$91,329

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$88,498
$0
-$88,498

-$81,943
$0
-$81,943

-$75,873
$0
-$75,873

-$70,253
$0
-$70,253

$150,000
$26,550
-$383,312

$
-$
-$

22
0.115 $
0.088 -$
0.383 -$

$150,000
$24,583
-$358,729

23
0.107 $
0.082 -$
0.359 -$

$150,000
$22,762
-$335,967

24
0.099 $
0.076 -$
0.336 -$

$150,000
$21,076
-$314,891

25
0.091
0.070
0.315

26
2038
0.13010
0.13520

27
2039
0.12046
0.12519

28
2040
0.11154
0.11591

29
2041
0.10328
0.10733

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$250,000
$100,000
$100,000
$100,000
$100,000
$650,000

$84,564

$78,300

$72,500

$67,129

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$65,049
$0
-$65,049

-$60,231
$0
-$60,231

-$55,769
$0
-$55,769

-$51,638
$0
-$51,638

$150,000
$19,515
-$295,377

$
-$
-$

26
0.085 $
0.065 -$
0.295 -$

$150,000
$18,069
-$277,307

27
0.078 $
0.060 -$
0.277 -$

$150,000
$16,731
-$260,577

28
0.072 $
0.056 -$
0.261 -$

$150,000
$15,491
-$245,085

29
0.067
0.052
0.245

1000
2042
0.00000
0.00000

1000
2043
0.00000
0.00000

1000
2044
0.00000
0.00000

1000
2045
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
-$245,085

$
$
-$

1000
$
$
0.245 -$

$0
$0
-$245,085

1000
$
$
0.245 -$

$0
$0
-$245,085

1000
$
$
0.245 -$

$0
$0
-$245,085

1000
0.245

1000
2046
0.00000
0.00000

1000
2047
0.00000
0.00000

1000
2048
0.00000
0.00000

1000
2049
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
-$245,085

$
$
-$

1000
$
$
0.245 -$

$0
$0
-$245,085

1000
$
$
0.245 -$

$0
$0
-$245,085

1000
$
$
0.245 -$

$0
$0
-$245,085

1000
0.245

1000
2050
0.00000
0.00000

1000
2051
0.00000
0.00000

1000
2052
0.00000
0.00000

1000
2053
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
-$245,085

$
$
-$

1000
$
$
0.245 -$

$0
$0
-$245,085

1000
$
$
0.245 -$

$0
$0
-$245,085

1000
$
$
0.245 -$

$0
$0
-$245,085

1000
0.245

1000
2054
0.00000
0.00000

1000
2055
0.00000
0.00000

1000
2056
0.00000
0.00000

1000
2057
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
-$245,085

$
$
-$

1000
$
$
0.245 -$

$0
$0
-$245,085

1000
$
$
0.245 -$

$0
$0
-$245,085

1000
$
$
0.245 -$

$0
$0
-$245,085

1000
0.245

1000
2058
0.00000
0.00000

1000
2059
0.00000
0.00000

1000
2060
0.00000
0.00000

1000
2061
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
-$245,085

$
$
-$

1000
$
$
0.245 -$

$0
$0
-$245,085

1000
$
$
0.245 -$

$0
$0
-$245,085

1000
$
$
0.245 -$

$0
$0
-$245,085

1000
0.245

Todays Dollars ($ millions)

$1.000

Cost Benefit Analysis: Option 2

$0.500

$-

-$0.500

-$1.000

-$1.500

-$2.000

-$2.500

Present Value of Benefits ($million)


Present Value of Costs ($million)

-$3.000

Cumulative Net Present Value ($million)


12 3 45 678 91 11 11 11 11 12 22 22 22 22 2 333 33 3 333 34 44 44 44 44 45
0 12 34 56 78 90 12 34 56 78 9 012 34 5 678 90 12 34 56 78 90
Year

Cost Benefit Analysis


Option 3:

<title of the investment proposal>


<description of the option>

Tuesday, January 05, 2016


Key Assumptions:
Public Sector Discount Rate 2011
Appraisal period (years)

8.00%
30 years

Summary of the Results of the Analysis:


Capital Costs
$30,000,000
Whole of Life Costs
$45,000,000
Present Value of Benefits
$39,841,423
Present Value of Costs
$35,479,345
Benefit Cost Ratio
1.12
Net Present Value
$4,362,077

Input the relevant latest publish


http://www.treasury.govt.nz/pub
efitanalysis

Input the required period of the


required services (max 50 year

The sum of the discounted ben

The sum of the discounted net


Equal to Present Value of Benefi

0
2012
0.96225
1.00000

1
2013
0.89097
0.92593

$400,000
$1,000,000
$100,000
$100,000
$750,000
$2,350,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$2,261,289
$39,841,423

$3,118,404

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

Capital Costs (at start of year)


Total Costs
Total Capital Costs
Total Whole of Life Costs

-$25,000,000
-$25,500,000
-$30,000,000
-$45,000,000

-$5,000,000
-$5,500,000

Present
Present
Present
Present

-$481,125
-$25,000,000
-$25,481,125
-$35,479,345

-$445,486
-$4,629,630
-$5,075,116

Year
Discount factor (mid-year)
Discount factor (start of year)
Benefit 1 <description>
Benefit 2 <description>
Benefit 3 <description>
Benefit 4 <description>
Benefit 5 <description>
Total Benefits (mid-year)
Present Value of Benefits (mid-yr)
Present Value of Benefits
Cost 1 <description>
Cost 2 <description>
Cost 3 <description>
Cost 4 <description>
Cost 5 <description>
Total Costs (mid-year)

Value
Value
Value
Value

of
of
of
of

Costs (mid-year)
Costs (start year)
Costs (by year)
Costs

Net Cash Flows


Net Present Value (by year)
Cumulative NPV

Chart data only:


Year
Present Value of Benefits ($million)
$
Present Value of Costs ($million)
-$
Cumulative Net Present Value ($million) -$

-$23,150,000
-$23,219,837
-$23,219,837

0
2.261 $
25.481 -$
23.220 -$

-$2,000,000
-$1,956,712
-$25,176,548

1
3.118
5.075
25.177

ment proposal>
option>
Input the relevant latest published rate from
http://www.treasury.govt.nz/publications/guidance/planning/costben
efitanalysis
Input the required period of the analysis, typically the term of the
required services (max 50 years)

The sum of the discounted benefits over the appraisal period

The sum of the discounted net cash-flows over the appraisal period.
Equal to Present Value of Benefits less Present Value of Costs

2
2014
0.82497
0.85734

3
2015
0.76387
0.79383

4
2016
0.70728
0.73503

5
2017
0.65489
0.68058

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$2,887,411

$2,673,529

$2,475,490

$2,292,120

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$412,487
$0
-$412,487

-$381,933
$0
-$381,933

-$353,641
$0
-$353,641

-$327,446
$0
-$327,446

$3,000,000
$2,474,924
-$22,701,624

$
-$
-$

2
2.887 $
0.412 -$
22.702 -$

$3,000,000
$2,291,596
-$20,410,028

3
2.674 $
0.382 -$
20.410 -$

$3,000,000
$2,121,848
-$18,288,180

4
2.475 $
0.354 -$
18.288 -$

$3,000,000
$1,964,674
-$16,323,505

5
2.292
0.327
16.324

6
2018
0.60638
0.63017

7
2019
0.56146
0.58349

8
2020
0.51987
0.54027

9
2021
0.48136
0.50025

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$2,122,334

$1,965,124

$1,819,559

$1,684,777

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$303,191
$0
-$303,191

-$280,732
$0
-$280,732

-$259,937
$0
-$259,937

-$240,682
$0
-$240,682

$3,000,000
$1,819,143
-$14,504,362

$
-$
-$

6
2.122 $
0.303 -$
14.504 -$

$3,000,000
$1,684,392
-$12,819,971

7
1.965 $
0.281 -$
12.820 -$

$3,000,000
$1,559,622
-$11,260,349

8
1.820 $
0.260 -$
11.260 -$

$3,000,000
$1,444,094
-$9,816,254

9
1.685
0.241
9.816

10
2022
0.44571
0.46319

11
2023
0.41269
0.42888

12
2024
0.38212
0.39711

13
2025
0.35382
0.36770

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$1,559,978

$1,444,425

$1,337,430

$1,238,361

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$222,854
$0
-$222,854

-$206,346
$0
-$206,346

-$191,061
$0
-$191,061

-$176,909
$0
-$176,909

$3,000,000
$1,337,124
-$8,479,130

$
-$
-$

10
1.560 $
0.223 -$
8.479 -$

$3,000,000
$1,238,078
-$7,241,052

11
1.444 $
0.206 -$
7.241 -$

$3,000,000
$1,146,369
-$6,094,683

12
1.337 $
0.191 -$
6.095 -$

$3,000,000
$1,061,452
-$5,033,230

13
1.238
0.177
5.033

14
2026
0.32761
0.34046

15
2027
0.30334
0.31524

16
2028
0.28087
0.29189

17
2029
0.26007
0.27027

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$1,146,631

$1,061,695

$983,051

$910,232

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$163,804
$0
-$163,804

-$151,671
$0
-$151,671

-$140,436
$0
-$140,436

-$130,033
$0
-$130,033

$3,000,000
$982,826
-$4,050,404

$
-$
-$

14
1.147 $
0.164 -$
4.050 -$

$3,000,000
$910,024
-$3,140,380

15
1.062 $
0.152 -$
3.140 -$

$3,000,000
$842,615
-$2,297,764

16
0.983 $
0.140 -$
2.298 -$

$3,000,000
$780,199
-$1,517,565

17
0.910
0.130
1.518

18
2030
0.24080
0.25025

19
2031
0.22297
0.23171

20
2032
0.20645
0.21455

21
2033
0.19116
0.19866

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$842,808

$780,378

$722,572

$669,048

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$120,401
$0
-$120,401

-$111,483
$0
-$111,483

-$103,225
$0
-$103,225

-$95,578
$0
-$95,578

$3,000,000
$722,407
-$795,158

$
-$
-$

18
0.843 $
0.120 -$
0.795 -$

$3,000,000
$668,895
-$126,263

19
0.780 $
0.111 -$
0.126 $

$3,000,000
$619,347
$493,084

20
0.723 $
0.103 -$
0.493 $

$3,000,000
$573,470
$1,066,554

21
0.669
0.096
1.067

22
2034
0.17700
0.18394

23
2035
0.16389
0.17032

24
2036
0.15175
0.15770

25
2037
0.14051
0.14602

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$619,489

$573,601

$531,112

$491,770

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$88,498
$0
-$88,498

-$81,943
$0
-$81,943

-$75,873
$0
-$75,873

-$70,253
$0
-$70,253

$3,000,000
$530,991
$1,597,544

$
-$
$

22
0.619 $
0.088 -$
1.598 $

$3,000,000
$491,658
$2,089,202

23
0.574 $
0.082 -$
2.089 $

$3,000,000
$455,239
$2,544,441

24
0.531 $
0.076 -$
2.544 $

$3,000,000
$421,517
$2,965,958

25
0.492
0.070
2.966

26
2038
0.13010
0.13520

27
2039
0.12046
0.12519

28
2040
0.11154
0.11591

29
2041
0.10328
0.10733

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$455,343

$421,614

$390,383

$361,466

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$65,049
$0
-$65,049

-$60,231
$0
-$60,231

-$55,769
$0
-$55,769

-$51,638
$0
-$51,638

$3,000,000
$390,294
$3,356,252

$
-$
$

26
0.455 $
0.065 -$
3.356 $

$3,000,000
$361,383
$3,717,635

27
0.422 $
0.060 -$
3.718 $

$3,000,000
$334,614
$4,052,249

28
0.390 $
0.056 -$
4.052 $

$3,000,000
$309,828
$4,362,077

29
0.361
0.052
4.362

1000
2042
0.00000
0.00000

1000
2043
0.00000
0.00000

1000
2044
0.00000
0.00000

1000
2045
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$4,362,077

$
$
$

1000
$
$
4.362 $

$0
$0
$4,362,077

1000
$
$
4.362 $

$0
$0
$4,362,077

1000
$
$
4.362 $

$0
$0
$4,362,077

1000
4.362

1000
2046
0.00000
0.00000

1000
2047
0.00000
0.00000

1000
2048
0.00000
0.00000

1000
2049
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$4,362,077

$
$
$

1000
$
$
4.362 $

$0
$0
$4,362,077

1000
$
$
4.362 $

$0
$0
$4,362,077

1000
$
$
4.362 $

$0
$0
$4,362,077

1000
4.362

1000
2050
0.00000
0.00000

1000
2051
0.00000
0.00000

1000
2052
0.00000
0.00000

1000
2053
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$4,362,077

$
$
$

1000
$
$
4.362 $

$0
$0
$4,362,077

1000
$
$
4.362 $

$0
$0
$4,362,077

1000
$
$
4.362 $

$0
$0
$4,362,077

1000
4.362

1000
2054
0.00000
0.00000

1000
2055
0.00000
0.00000

1000
2056
0.00000
0.00000

1000
2057
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$4,362,077

$
$
$

1000
$
$
4.362 $

$0
$0
$4,362,077

1000
$
$
4.362 $

$0
$0
$4,362,077

1000
$
$
4.362 $

$0
$0
$4,362,077

1000
4.362

1000
2058
0.00000
0.00000

1000
2059
0.00000
0.00000

1000
2060
0.00000
0.00000

1000
2061
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$4,362,077

$
$
$

1000
$
$
4.362 $

$0
$0
$4,362,077

1000
$
$
4.362 $

$0
$0
$4,362,077

1000
$
$
4.362 $

$0
$0
$4,362,077

1000
4.362

Todays Dollars ($ millions)

$10.000

Cost Benefit Analysis: Option 3

$5.000

$-

-$5.000

-$10.000

-$15.000

-$20.000

-$25.000

Present Value of Benefits ($million)


Present Value of Costs ($million)

-$30.000

Cumulative Net Present Value ($million)


12 345 6789 11 111 111 112 22 2222 222 33 333 3333 344 444 444 445
01 234 567 890 12 3456 789 01 234 5678 901 234 567 890
Year

Cost Benefit Analysis


Option 4:

<title of the investment proposal>


<description of the option>

Tuesday, January 05, 2016


Key Assumptions:
Public Sector Discount Rate 2011
Appraisal period (years)

8.00%
30 years

Summary of the Results of the Analysis:


Capital Costs
$55,000,000
Whole of Life Costs
$70,000,000
Present Value of Benefits
$47,718,390
Present Value of Costs
$43,903,348
Benefit Cost Ratio
1.09
Net Present Value
$3,815,042

Input the relevant latest publish


http://www.treasury.govt.nz/pub
efitanalysis

Input the required period of the


required services (max 50 year

The sum of the discounted ben

The sum of the discounted net


Equal to Present Value of Benefi

0
2012
0.96225
1.00000

1
2013
0.89097
0.92593

$400,000
$1,000,000
$100,000
$100,000
$750,000
$2,350,000

$800,000
$1,000,000
$100,000
$100,000
$1,500,000
$3,500,000

$2,261,289
$47,718,390

$3,118,404

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

Capital Costs (at start of year)


Total Costs
Total Capital Costs
Total Whole of Life Costs

-$25,000,000
-$25,500,000
-$55,000,000
-$70,000,000

-$5,000,000
-$5,500,000

Present
Present
Present
Present

-$481,125
-$25,000,000
-$25,481,125
-$43,903,348

-$445,486
-$4,629,630
-$5,075,116

Year
Discount factor (mid-year)
Discount factor (start of year)
Benefit 1 <description>
Benefit 2 <description>
Benefit 3 <description>
Benefit 4 <description>
Benefit 5 <description>
Total Benefits (mid-year)
Present Value of Benefits (mid-yr)
Present Value of Benefits
Cost 1 <description>
Cost 2 <description>
Cost 3 <description>
Cost 4 <description>
Cost 5 <description>
Total Costs (mid-year)

Value
Value
Value
Value

of
of
of
of

Costs (mid-year)
Costs (start year)
Costs (by year)
Costs

Net Cash Flows


Net Present Value (by year)
Cumulative NPV

Chart data only:


Year
Present Value of Benefits ($million)
$
Present Value of Costs ($million)
-$
Cumulative Net Present Value ($million) -$

-$23,150,000
-$23,219,837
-$23,219,837

0
2.261 $
25.481 -$
23.220 -$

-$2,000,000
-$1,956,712
-$25,176,548

1
3.118
5.075
25.177

ment proposal>
option>
Input the relevant latest published rate from
http://www.treasury.govt.nz/publications/guidance/planning/costben
efitanalysis
Input the required period of the analysis, typically the term of the
required services (max 50 years)

The sum of the discounted benefits over the appraisal period

The sum of the discounted net cash-flows over the appraisal period.
Equal to Present Value of Benefits less Present Value of Costs

2
2014
0.82497
0.85734

3
2015
0.76387
0.79383

4
2016
0.70728
0.73503

5
2017
0.65489
0.68058

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$3,547,391

$3,284,621

$3,041,316

$2,816,033

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$412,487
$0
-$412,487

-$381,933
$0
-$381,933

-$353,641
$0
-$353,641

-$327,446
$0
-$327,446

$3,800,000
$3,134,904
-$22,041,645

$
-$
-$

2
3.547 $
0.412 -$
22.042 -$

$3,800,000
$2,902,689
-$19,138,956

3
3.285 $
0.382 -$
19.139 -$

$3,800,000
$2,687,675
-$16,451,281

4
3.041 $
0.354 -$
16.451 -$

$3,800,000
$2,488,588
-$13,962,694

5
2.816
0.327
13.963

6
2018
0.60638
0.63017

7
2019
0.56146
0.58349

8
2020
0.51987
0.54027

9
2021
0.48136
0.50025

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$2,607,438

$2,414,295

$2,235,458

$2,069,869

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$5,000,000
-$5,500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$303,191
-$3,150,848
-$3,454,039

-$280,732
$0
-$280,732

-$259,937
$0
-$259,937

-$240,682
$0
-$240,682

-$1,200,000
-$846,600
-$14,809,294

$
-$
-$

6
2.607 $
3.454 -$
14.809 -$

$3,800,000
$2,133,563
-$12,675,731

7
2.414 $
0.281 -$
12.676 -$

$3,800,000
$1,975,521
-$10,700,210

8
2.235 $
0.260 -$
10.700 -$

$3,800,000
$1,829,186
-$8,871,024

9
2.070
0.241
8.871

10
2022
0.44571
0.46319

11
2023
0.41269
0.42888

12
2024
0.38212
0.39711

13
2025
0.35382
0.36770

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,916,545

$1,774,579

$1,643,128

$1,521,415

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

-$5,000,000
-$5,500,000

$0
-$500,000

$0
-$500,000

-$222,854
$0
-$222,854

-$206,346
-$2,144,414
-$2,350,761

-$191,061
$0
-$191,061

-$176,909
$0
-$176,909

$3,800,000
$1,693,691
-$7,177,333

$
-$
-$

10
1.917 $
0.223 -$
7.177 -$

-$1,200,000
-$576,182
-$7,753,515

11
1.775 $
2.351 -$
7.754 -$

$3,800,000
$1,452,067
-$6,301,448

12
1.643 $
0.191 -$
6.301 -$

$3,800,000
$1,344,506
-$4,956,941

13
1.521
0.177
4.957

14
2026
0.32761
0.34046

15
2027
0.30334
0.31524

16
2028
0.28087
0.29189

17
2029
0.26007
0.27027

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,408,718

$1,304,368

$1,207,748

$1,118,286

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

-$5,000,000
-$5,500,000

$0
-$500,000

-$163,804
$0
-$163,804

-$151,671
$0
-$151,671

-$140,436
-$1,459,452
-$1,599,888

-$130,033
$0
-$130,033

$3,800,000
$1,244,913
-$3,712,028

$
-$
-$

14
1.409 $
0.164 -$
3.712 -$

$3,800,000
$1,152,698
-$2,559,330

15
1.304 $
0.152 -$
2.559 -$

-$1,200,000
-$392,140
-$2,951,470

16
1.208 $
1.600 -$
2.951 -$

$3,800,000
$988,252
-$1,963,218

17
1.118
0.130
1.963

18
2030
0.24080
0.25025

19
2031
0.22297
0.23171

20
2032
0.20645
0.21455

21
2033
0.19116
0.19866

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,035,450

$958,750

$887,731

$821,973

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$5,000,000
-$5,500,000

-$120,401
$0
-$120,401

-$111,483
$0
-$111,483

-$103,225
$0
-$103,225

-$95,578
-$993,279
-$1,088,857

$3,800,000
$915,049
-$1,048,169

$
-$
-$

18
1.035 $
0.120 -$
1.048 -$

$3,800,000
$847,267
-$200,902

19
0.959 $
0.111 -$
0.201 $

$3,800,000
$784,507
$583,604

20
0.888 $
0.103 -$
0.584 $

-$1,200,000
-$266,884
$316,721

21
0.822
1.089
0.317

22
2034
0.17700
0.18394

23
2035
0.16389
0.17032

24
2036
0.15175
0.15770

25
2037
0.14051
0.14602

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$761,086

$704,710

$652,509

$604,175

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$88,498
$0
-$88,498

-$81,943
$0
-$81,943

-$75,873
$0
-$75,873

-$70,253
$0
-$70,253

$3,800,000
$672,588
$989,309

$
-$
$

22
0.761 $
0.088 -$
0.989 $

$3,800,000
$622,767
$1,612,075

23
0.705 $
0.082 -$
1.612 $

$3,800,000
$576,636
$2,188,711

24
0.653 $
0.076 -$
2.189 $

$3,800,000
$533,922
$2,722,633

25
0.604
0.070
2.723

26
2038
0.13010
0.13520

27
2039
0.12046
0.12519

28
2040
0.11154
0.11591

29
2041
0.10328
0.10733

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$1,200,000
$1,000,000
$500,000
$100,000
$1,500,000
$4,300,000

$559,421

$517,983

$479,614

$444,087

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$100,000
-$100,000
-$100,000
-$100,000
-$100,000
-$500,000

-$5,000,000
-$5,500,000

$0
-$500,000

$0
-$500,000

$0
-$500,000

-$65,049
-$676,009
-$741,058

-$60,231
$0
-$60,231

-$55,769
$0
-$55,769

-$51,638
$0
-$51,638

-$1,200,000
-$181,637
$2,540,997

$
-$
$

26
0.559 $
0.741 -$
2.541 $

$3,800,000
$457,752
$2,998,749

27
0.518 $
0.060 -$
2.999 $

$3,800,000
$423,845
$3,422,593

28
0.480 $
0.056 -$
3.423 $

$3,800,000
$392,449
$3,815,042

29
0.444
0.052
3.815

1000
2042
0.00000
0.00000

1000
2043
0.00000
0.00000

1000
2044
0.00000
0.00000

1000
2045
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$3,815,042

$
$
$

1000
$
$
3.815 $

$0
$0
$3,815,042

1000
$
$
3.815 $

$0
$0
$3,815,042

1000
$
$
3.815 $

$0
$0
$3,815,042

1000
3.815

1000
2046
0.00000
0.00000

1000
2047
0.00000
0.00000

1000
2048
0.00000
0.00000

1000
2049
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$3,815,042

$
$
$

1000
$
$
3.815 $

$0
$0
$3,815,042

1000
$
$
3.815 $

$0
$0
$3,815,042

1000
$
$
3.815 $

$0
$0
$3,815,042

1000
3.815

1000
2050
0.00000
0.00000

1000
2051
0.00000
0.00000

1000
2052
0.00000
0.00000

1000
2053
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$3,815,042

$
$
$

1000
$
$
3.815 $

$0
$0
$3,815,042

1000
$
$
3.815 $

$0
$0
$3,815,042

1000
$
$
3.815 $

$0
$0
$3,815,042

1000
3.815

1000
2054
0.00000
0.00000

1000
2055
0.00000
0.00000

1000
2056
0.00000
0.00000

1000
2057
0.00000
0.00000

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

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$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0
$0

$0
$0

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$0

$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$3,815,042

$
$
$

1000
$
$
3.815 $

$0
$0
$3,815,042

1000
$
$
3.815 $

$0
$0
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1000
$
$
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$0
$0
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1000
3.815

1000
2058
0.00000
0.00000

1000
2059
0.00000
0.00000

1000
2060
0.00000
0.00000

1000
2061
0.00000
0.00000

$0
$0
$0
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$0

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$
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1000
$
$
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$0
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1000
3.815

Todays Dollars ($ millions)

$10.000

Cost Benefit Analysis: Option 4

$5.000

$-

-$5.000

-$10.000

-$15.000

-$20.000

-$25.000

Present Value of Benefits ($million)


Present Value of Costs ($million)

-$30.000

Cumulative Net Present Value ($million)


12 345 6789 11 111 111 112 22 2222 222 33 333 3333 344 444 444 445
01 234 567 890 12 3456 789 01 234 5678 901 234 567 890
Year

Multi-Criteria Analysis

<title of the investment proposal>

Option 1
<description>
Score

Criteria
<description>
<description>
<description>
<description>

Criteria
Weight
50.0%
25.0%
15.0%
10.0%

(out
of 10)
3
5
4
4

100.0%

16

Overall
refer to the comments on the marked cells for guidance

ment proposal>

Option 2
<description>
Score

escription>
Weighted
Score
1.50
1.25
0.60
0.40
3.8

Option 3
<description>
Score

(out Weighted
of 10)
Score
5
2.50
9
2.25
6
0.90
3
0.30
23

6.0

Option 4
<description>
Score

(out Weighted
of 10)
Score
5
2.50
0
8
1.20
5
0.50
18

4.2

(out
of 10)
5
6
8
8
27

escription>
Weighted
Score
2.50
1.50
1.20
0.80
6.0