ABC Project Date Updated: 4/23/2019

Date Created: 5/4/2018

Basic Information

Project Name Date Created

ABC Project 5/4/2018

First Name Last Name Email Address

Ali Kocan ali.kocan@yildirimgroup.com

Table of Contents
Project IRR & NPV & Payback Loan Amortization Schedule
Equity IRR & NPV & Payback
Desired IRR Analysis

Color Description
0-112-192 Inputs / Drivers
0-52-104 Historicals / Calculations
0-176-80 Reference to Different Worksheet
255-0-0 Reference to Different Workbook

Fill Colors Font Face Font Size

217-217-217 Times New Roman Page Title: 14
0-52-104 Color: 0-52-104 Body Text: 12
Footnotes / Superscripts: 9
ABC Project

Inputs
Purchase Cost $25,000,000 Tax Rate 31%
Salvage Value 0 Cargo Handling $31 per container
Required Net Working Capital 0 General Cargo Loads $0.68 per container
Depreciable Life 10 years 1 year 12 months
Depreciation per year $2,500,000 $150
(Method: Straight-Line) Crane Rental per hour
General Management Exp. $60,000 month Crane Utilization (Hours) $240 per month

Discount Rate
Equity/Total Capital 15%
Cost of Equity (Not Provided) 9.5% From a general standpoint, Turkish privately-held family businesses fall under 9,5% (denominated in USD)

Debt/Total Capital 85%

Cost of Borrowing (After tax shield) 7%
Discount rate used (WACC) 7.38%

Operating Cash Flows

Year 0 1 2 3 4 5
ABC Project

Financing Assumptions
Purchase Cost $25,000,000 Required Project Return 12%
Salvage Value 0 Tax Rate 31%
Required Net Working Capital 0 Cargo Handling $31 per container
Depreciable Life 10 years General Cargo Loads $0.68 per container
Depreciation per year $2,500,000 1 year
(Method: Straight-Line) 12 months
General Management Exp. $60,000 month Crane Rental $150 per hour
Crane Utilization (Hours) $240 per month

Operating Cash Flows

Year 0 1 2 3 4 5
ABC Project

Financing Assumptions
Purchase Cost $25,000,000 Required Project Return 12%
Salvage Value 0 Tax Rate 31%
Required Net Working Capital 0 Cargo Handling $31 per container
Depreciable Life 10 years General Cargo Loads $0.68 per container
Depreciation per year $2,500,000 1 year
(Method: Straight-Line) 12 months
General Management Exp. $60,000 month Crane Rental $150 per hour
Crane Utilization (Hours) $240 per month

Operating Cash Flows

Year 0 1 2 3 4 5
ABC Project

Values Loan summary

Loan amount 21,250,000
Annual interest rate 7.00 % Scheduled number of payments
Loan period in years 8 Actual number of payments
Number of payments per year 1
Start date of loan Apr-19

Lender name: ABC Corp

Pmt. Scheduled
Payment Date Beginning Balance Extra Payment Total Payment Principal Interest
No. Payment
1 Apr-20 21,250,000 3,558,690 - 3,558,690 2,071,190 1,487,500
2 Apr-21 19,178,810 3,558,690 - 3,558,690 2,216,173 1,342,517
3 Apr-22 16,962,637 3,558,690 - 3,558,690 2,371,305 1,187,385
4 Apr-23 14,591,331 3,558,690 - 3,558,690 2,537,297 1,021,393
5 Apr-24 12,054,035 3,558,690 - 3,558,690 2,714,908 843,782
6 Apr-25 9,339,127 3,558,690 - 3,558,690 2,904,951 653,739
7 Apr-26 6,434,176 3,558,690 - 3,558,690 3,108,298 450,392
8 Apr-27 3,325,878 3,558,690 - 3,325,878 3,093,067 232,811
 Loan summary
Scheduled payment 3,558,690
Scheduled number of payments 8
Actual number of payments 8
Total early payments -
Total interest 7,219,520

Ending Balance Cumulative Interest

19,178,810 1,487,500
16,962,637 2,830,017
14,591,331 4,017,401
12,054,035 5,038,794
9,339,127 5,882,577
6,434,176 6,536,316
3,325,878 6,986,708
- 7,219,520