Project #1Initial Investment Acqisition Cost Investment Length (yrs) Depreciation Method Tax Benefit Salvage Value Total Outflow Year of Investmet Cash Flows Initial Revenues Initial Variable Cost as % Initial Fixed Cost as % Tax Rate Discount Rate End of Investment Net Present Value Internal Rate of Return 150,000 0.1000 0.1000 0.2500 0.0800 2020 210,466 13% Revenues Variable Expenses Fixed Expenses Ebitda * Depreciation Ebit Taxes Cash Flows Discounted CF 1,000,000 10,000 10 Straight-Line Method 0.0500 125,000 960,000 2010 Beginning Book Value Depreciation Ending Book Value Revenues F. Expense

* Ebitda=Earnings Before Interest Taxes D

ect #1 Projected Growth Rates2010 2011 0.1000 0.1000 2012 0.1000 0.1000 912,500 87,500 825,000 2013 0.1000 0.1000 825,000 87,500 737,500 2014 0.1000 0.1000 737,500 87,500 650,000 2015 0.1000 0.1000 650,000 87,500 562,500 2016 0.1000 0.1000 562,500 87,500 475,000

Value1,000,000 87,500 1,000,000 912,500

Projected Operating Cash Flows2010 150,000 15,000 15,000 120,000 0 120,000 30,000 -870,000 -870,000 2011 165,000 16,500 18,150 130,350 87,500 42,850 10,713 119,638 119,638 2012 181,500 18,150 19,965 143,385 87,500 55,885 13,971 129,414 119,828 2013 199,650 19,965 21,962 157,724 87,500 70,224 17,556 140,168 120,171 2014 219,615 21,962 24,158 173,496 87,500 85,996 21,499 151,997 120,660 2015 241,577 24,158 26,573 190,845 87,500 103,345 25,836 165,009 121,287 2016 265,734 26,573 29,231 209,930 87,500 122,430 30,607 179,322 122,044

ngs Before Interest Taxes Depreciation and Ammortization

-870000

119637.5

129413.75

140167.625

151996.8875

165009.0763 179322.4839

2017 0.1000 0.1000 475,000 87,500 387,500

2018 0.0000 0.0000 387,500 87,500 300,000

2019 0.0000 0.0000 300,000 87,500 212,500

2020 0.0000 0.0000 212,500 87,500 125,000

2017 292,308 29,231 32,154 230,923 87,500 143,423 35,856 195,067 122,925

2018 292,308 29,231 29,231 233,846 87,500 146,346 36,587 197,260 115,099

2019 292,308 29,231 29,231 233,846 87,500 146,346 36,587 197,260 106,573

2020 292,308 29,231 29,231 233,846 87,500 146,346 36,587 197,260 98,679

195067.2323

197259.539

197259.539

197259.539

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TRUE

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Follow the steps to enable your Investment Model.>> 1) >> 2) This template is prepared for calculating effective rates for different time periods. Type the name of the project, investment, etc that you want to model: Project #1 Your Investment Model is ready to use. Following steps are for online use. Visit the site below: http://www.spreadsheetweb.com/getting_started.htm You will only need the username and password to create your Personal Budget. 3) Visit the site below: http://trial.spreadsheetweb.com/spreadsheetweb/ Login to page with your new account information. 4) Click "Add Web Application" to upload this file. Check "Single Record Application", this will enable to save the model online. Your Personal Budget will be created automatically. You can simply use the Personal Budget from that link or place it on your website. >> >> Your Personal Budget will look like: http://www1.spreadsheetweb.com/SpreadSheetWeb/Output.aspx?ApplicationId=4a9bd8bf-7d89-468b-b7d9-bdbb4c6e2029 In order to see more online applications created with PSW you can check the link below: http://www.spreadsheetweb.com/demos.htm

Copyright (c) 2009 Pagos, Inc. http://www.pagos.com/

ave the model online.

b-b7d9-bdbb4c6e2029

T_DepreciationRates Straight-Line Method Declining Balance Method Sum of the Years' Digits Method

FALSE TRUE FALSE

1 2 3 4 2011 2012 2013 2014 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.181818 0.163636 0.145455 0.127273

Sum of Digits: Declining Ratio Check:

55 0.125

5 6 7 8 9 10 2015 2016 2017 2018 2019 2020 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.068677 0.109091 0.090909 0.072727 0.054545 0.036364 0.018182

11 0 0 0

12 0 0 -0.01818

13 0 0 -0.03636

14 0 0 -0.05455

15 0 0 -0.07273

16 0 0 -0.09091

17 0 0 -0.10909

18 0 0 -0.12727

19 0 0 -0.14545

20 0 0 -0.16364

21 0 0 -0.18182

22 0 0 -0.2

23 0 0 -0.21818

24 0 0 -0.23636

25 0 0 -0.25455

26 0 0 -0.27273

27 0 0 -0.29091

28 0 0 -0.30909