Sheet10012345678910(3,000,000)Capital825,000825,000825,000825,000825,000825,000825,000825,000825,000825,000cash inflowtax0330,000330,000330,000330,000330,000330,000330,000330,000330,000330,000NAT495,000495,000495,000495,000495,000495,000495,000495,000495,000495,00041,5611234loan600interest048484848tax rate0tax payment19191919df1111181615146464loan600interest payment048484848tax0tax paid19191919interest after tax292929291111272523219560064600144144112322,500,000(22,500,000)Interest10%(2,250,000)(2,250,000)(2,250,000)tax30%(675,000)(675,000)(675,000)after tax(1,575,000)(1,575,000)(1,575,000)0111(1,431,818)(1,301,653)(1,183,321)(16,904,583)22,500,000(1,431,818)(1,301,653)(18,087,904)1,678,625Discountedopening balancepaymentprincipalinteresttaxinterest after taxdiscount factorPrincipalInterestOpening BalanceTotal Cash FlowDCF0.022,500,0001.0022,500,00022,500,00022,500,0001(9,047,583)(6,797,583)(2,250,000)30%(1,575,000)1.10(6,179,621)(1,431,818)(8,372,583)(7,611,439)2(9,047,583)(7,477,341)(1,570,242)30%(1,099,169)1.21(6,179,621)(908,404)(8,576,511)(7,088,025)3(9,047,583)(8,225,076)(822,508)30%(575,755)1.33(6,179,621)(432,573)(8,800,831)(6,612,194)(18,538,863)(2,772,796)22,500,0001,188,3411,188,341

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