Sheet1THE SUPER PROJECT

1st CaseINCREMENTAL BASISDATE3/31/653/31/663/31/673/31/683/31/693/31/703/31/713/31/723/31/733/31/74YEAR12345678910BUILDING- 80.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00MACHINERY & EQUIPMENT- 120.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00NET WORKING CAPITAL (NWC) 329.00 274.00 271.00 264.00 241.00 242.00 255.00 255.00 267.00 267.00CHANGE IN THE NET WC (NWC) 329.00- 55.00- 3.00- 7.00- 23.00 1.00 13.00 0.00 12.00 0.00P&LGROSS SALES 2,200.00 2,400.00 2,600.00 2,800.00 3,000.00 3,000.00 3,200.00 3,200.00 3,400.00 3,400.00DEDUCTIONS 88.00 96.00 104.00 112.00 120.00 120.00 128.00 128.00 136.00 136.00NET SALES 2,112.00 2,304.00 2,496.00 2,688.00 2,880.00 2,880.00 3,072.00 3,072.00 3,264.00 3,264.00COGS 1,100.00 1,200.00 1,300.00 1,400.00 1,500.00 1,500.00 1,600.00 1,600.00 1,700.00 1,700.00GROSS PROFIT 1,012.00 1,104.00 1,196.00 1,288.00 1,380.00 1,380.00 1,472.00 1,472.00 1,564.00 1,564.00ADVERTISING EXPENSE 1,100.00 1,050.00 1,000.00 900.00 700.00 700.00 730.00 730.00 750.00 750.00START-UP COST (SUNK COST) 15.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00OTHERS (SUNK COST) 360.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00ADJSUTMENTS (OPPORTUNITY COST) 180.00 200.00 210.00 220.00 230.00 230.00 240.00 240.00 250.00 250.00EBITDA- 643.00- 146.00- 14.00 168.00 450.00 450.00 502.00 502.00 564.00 564.00DEPRECIATION 19.00 18.00 17.00 16.00 15.00 13.00 12.00 11.00 10.00 9.00EBIT- 662.00- 164.00- 31.00 152.00 435.00 437.00 490.00 491.00 554.00 555.00INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00PBT- 662.00- 164.00- 31.00 152.00 435.00 437.00 490.00 491.00 554.00 555.00

CARRYFORWARD LOSSES 0.00- 662.00- 826.00- 857.00- 705.00- 270.00 0.00 0.00 0.00 0.00PBT AFTER SET OFF- 662.00- 826.00- 857.00- 705.00- 270.00 167.00 490.00 491.00 554.00 555.00TAX @ 30% 0.00 0.00 0.00 0.00 0.00 50.10 147.00 147.30 166.20 166.50ADD: INVESTMENT CREDIT 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00PAT- 661.00- 163.00- 30.00 153.00 436.00 387.90 344.00 344.70 387.80 388.50

INITIAL OUTLAY- 1,171.00OPERATING CASH FLOWS- 90.00- 10.00 176.00 474.00 399.90 343.00 355.70 385.80TERMINAL CASH FLOW 397.50

NET CASH FLOWS- 1,171.00- 90.00- 10.00 176.00 474.00 399.90 343.00 355.70 385.80 397.50IRR12.43%NPVINTEREST RATE 615.645% 512.956% 417.387% 328.368% 245.369% 167.9110% 95.5611% 27.9312%- 35.3513%- 94.6114%- 150.1515%- 202.2416%- 251.1417%- 297.0718%- 340.2619%- 380.8920%CASE 2FACILITIES USED BASISDATE3/31/653/31/663/31/673/31/683/31/693/31/703/31/713/31/723/31/733/31/74YEAR12345678910BUILDING- 213.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00MACHINERY & EQUIPMENT- 440.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00NET WORKING CAPITAL (NWC) 329.00 274.00 271.00 264.00 241.00 242.00 255.00 255.00 267.00 267.00CHANGE IN THE NET WC (NWC) 329.00- 55.00- 3.00- 7.00- 23.00 1.00 13.00 0.00 12.00 0.00PROFIT & LOSS STATEMENTGROSS SALES 2,200.00 2,400.00 2,600.00 2,800.00 3,000.00 3,000.00 3,200.00 3,200.00 3,400.00 3,400.00DEDUCTIONS 88.00 96.00 104.00 112.00 120.00 120.00 128.00 128.00 136.00 136.00NET SALES 2,112.00 2,304.00 2,496.00 2,688.00 2,880.00 2,880.00 3,072.00 3,072.00 3,264.00 3,264.00COGS 1,100.00 1,200.00 1,300.00 1,400.00 1,500.00 1,500.00 1,600.00 1,600.00 1,700.00 1,700.00GROSS PROFIT 1,012.00 1,104.00 1,196.00 1,288.00 1,380.00 1,380.00 1,472.00 1,472.00 1,564.00 1,564.00ADVERTISING EXPENSE 1,100.00 1,050.00 1,000.00 900.00 700.00 700.00 730.00 730.00 750.00 750.00START-UP COST (SUNK COST) 15.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00OTHERS (SUNK COST) 360.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00ADJSUTMENTS (OPPORTUNITY COST) 180.00 200.00 210.00 220.00 230.00 230.00 240.00 240.00 250.00 250.00EBITDA- 643.00- 146.00- 14.00 168.00 450.00 450.00 502.00 502.00 564.00 564.00DEPRECIATION 19.00 18.00 17.00 16.00 15.00 13.00 12.00 11.00 10.00 9.00EBIT- 662.00- 164.00- 31.00 152.00 435.00 437.00 490.00 491.00 554.00 555.00INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00PBT- 662.00- 164.00- 31.00 152.00 435.00 437.00 490.00 491.00 554.00 555.00

CARRYFORWARD LOSSES 0.00- 662.00- 826.00- 857.00- 705.00- 270.00 0.00 0.00 0.00 0.00PBT AFTER SET OFF- 662.00- 826.00- 857.00- 705.00- 270.00 167.00 490.00 491.00 554.00 555.00TAX @ 30% 0.00 0.00 0.00 0.00 0.00 50.10 147.00 147.30 166.20 166.50ADD: INVESTMENT CREDIT 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00PAT- 661.00- 163.00- 30.00 153.00 436.00 387.90 344.00 344.70 387.80 388.50INITIAL OUTLAY- 1,624.00OPERATING CASH FLOWS- 90.00- 10.00 176.00 474.00 399.90 343.00 355.70 385.80TERMINAL CASH FLOW 397.50NET CASH FLOWS- 1,624.00- 90.00- 10.00 176.00 474.00 399.90 343.00 355.70 385.80 397.50IRR6.62%case 3FULLY ALLOCATED BASISDATE3/31/653/31/663/31/673/31/683/31/693/31/703/31/713/31/723/31/733/31/74YEAR12345678910BUILDING- 213.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00MACHINERY & EQUIPMENT- 440.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00NET WORKING CAPITAL (NWC) 329.00 274.00 271.00 264.00 241.00 242.00 255.00 255.00 267.00 267.00CHANGE IN THE NET WC (NWC) 329.00- 55.00- 3.00- 7.00- 23.00 1.00 13.00 0.00 12.00 0.00p&lGROSS SALES 2,200.00 2,400.00 2,600.00 2,800.00 3,000.00 3,000.00 3,200.00 3,200.00 3,400.00 3,400.00DEDUCTIONS 88.00 96.00 104.00 112.00 120.00 120.00 128.00 128.00 136.00 136.00NET SALES 2,112.00 2,304.00 2,496.00 2,688.00 2,880.00 2,880.00 3,072.00 3,072.00 3,264.00 3,264.00COGS 1,100.00 1,200.00 1,300.00 1,400.00 1,500.00 1,500.00 1,600.00 1,600.00 1,700.00 1,700.00GROSS PROFIT 1,012.00 1,104.00 1,196.00 1,288.00 1,380.00 1,380.00 1,472.00 1,472.00 1,564.00 1,564.00ADVERTISING EXPENSE 1,100.00 1,050.00 1,000.00 900.00 700.00 700.00 730.00 730.00 750.00 750.00ADDITIONAL OVERHEAD EXPENSES - 5% 0.00 0.00 0.00 0.00 150.00 150.00 160.00 160.00 170.00 170.00START-UP COST (SUNK COST) 15.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00OTHERS (SUNK COST) 360.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00ADJSUTMENTS (OPPORTUNITY COST) 180.00 200.00 210.00 220.00 230.00 230.00 240.00 240.00 250.00 250.00EBITDA- 643.00- 146.00- 14.00 168.00 300.00 300.00 342.00 342.00 394.00 394.00DEPRECIATION 19.00 18.00 17.00 16.00 15.00 13.00 12.00 11.00 10.00 9.00EBIT- 662.00- 164.00- 31.00 152.00 285.00 287.00 330.00 331.00 384.00 385.00INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00PBT- 662.00- 164.00- 31.00 152.00 285.00 287.00 330.00 331.00 384.00 385.00

CARRYFORWARD LOSSES 0.00- 662.00- 826.00- 857.00- 705.00- 420.00- 133.00 0.00 0.00 0.00PBT AFTER SET OFF- 662.00- 826.00- 857.00- 705.00- 420.00- 133.00 197.00 331.00 384.00 385.00TAX @ 30% 0.00 0.00 0.00 0.00 0.00 0.00 59.10 99.30 115.20 115.50ADD: INVESTMENT CREDIT 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00PAT- 661.00- 163.00- 30.00 153.00 286.00 288.00 271.90 232.70 268.80 269.50INITIAL OUTLAY- 1,624.00OPERATING CASH FLOWS- 90.00- 10.00 176.00 324.00 300.00 270.90 243.70 266.80TERMINAL CASH FLOW 278.50NET CASH FLOWS- 1,624.00- 90.00- 10.00 176.00 324.00 300.00 270.90 243.70 266.80 278.50IRR1.28%

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