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Investment Analysis Bookscape - Excel

The document outlines financial data including revenue, operating expenses, and cash flows over multiple years. It presents calculations for operating income, after-tax operating income, cash flows to the firm, and net present value (NPV) at various discount rates. Additionally, it includes details on payback periods and internal rate of return (IRR) for investment analysis.

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14 views

Investment Analysis Bookscape - Excel

The document outlines financial data including revenue, operating expenses, and cash flows over multiple years. It presents calculations for operating income, after-tax operating income, cash flows to the firm, and net present value (NPV) at various discount rates. Additionally, it includes details on payback periods and internal rate of return (IRR) for investment analysis.

Uploaded by

Nhật Quỳnh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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0 1 2 3

Revenue $ 1,500,000 $ 1,800,000 $ 1,980,000


operating expenses
labor $ 150,000 $ 165,000 $ 181,500
cost of goods sold $ 900,000 $ 1,080,000 $ 1,188,000
depreciation $ 250,000 $ 250,000 $ 250,000
operating income $ 200,000 $ 305,000 $ 360,500
taxes $ 80,000 $ 122,000 $ 144,200
after tax operating income $ 120,000 $ 183,000 $ 216,300

working capital $ 150,000 $ 180,000 $ 198,000


to estimate cash flow
add back depreciation $ 250,000 $ 250,000 $ 250,000
- change in working capital $ 150,000 $ 30,000 $ 18,000 $ 19,800
salvage value of working capital
- capital expenditure $ 1,000,000

cash flows to the firm $ (1,150,000) $ 340,000 $ 415,000 $ 446,500


PV of FCFF @18.12% ($1,150,000) $287,843 $297,441 $270,926
NPV $76,447 $ 76,447
21.11%

payback: cumulated cash flow $ (810,000) $ (395,000) $ 51,500


payback period 2.88
4 discount rate NPV
$ 2,178,000 0% $ 772,230
5% $ 528,877
$ 199,650 10% $ 329,796
$ 1,306,800 15% $ 165,113
$ 250,000 20% $ 27,493
$ 421,550 25% $ (88,581)
$ 168,620 30% $ (187,320)
$ 252,930 35% $ (271,974)

$ 217,800

$ 250,000 NPV
0 $1,000,000
$ 217,800
$800,000

$600,000
$ 720,730
$370,236 $400,000

$200,000

$-
0% 5% 10% 15% 20% 25% 30% 35%
$ 772,230
$(200,000)

$(400,000)
25% 30% 35%
Year 0 1 2 3 4 IRR
cash flows -1000 800 1000 1300 -2200 6.60% <-guess =0
36.55% <-guess = 0.3
0% $ (100.00)
5% $ (18.02)
10% $ 27.80
15% $ 48.71 NPV Profile
20% $ 52.47 $80.00
25% $ 44.48 $60.00
30% $ 28.54 $40.00
35% $ 7.31
$20.00
40% $ (17.28)
$-
45% $ (43.91) 0% 10% 20% 30% 40% 50% 60%
50% $ (71.60) $(20.00)
$(40.00)
$(60.00)
$(80.00)
$(100.00)
$(120.00)
<-guess =0
<-guess = 0.3

40% 50% 60%


Q1 Q2 Q3 Q4
0 $12,400 0 -14300 -81300 0 -$35,550
1 $5,100 1 7200 21400 1 $7,880
2 $6,400 2 8500 24800 2 $9,450
3 $5,800 3 2900 30600 3 $13,350
4 $4,200 4 2500 25900 4 $15,490
19600 5 $10,160
Err:523 22.17% 14% 6 7.60%

15.38%
Greater than the hurdle rate

-14,100 -80,700
7,000 21,700
8,300 25,400
3,300 31,200
2,900 26,200
20,200

23.54% 16.51%
Q5 Q6
-$35,550.0 100500 Same
$7,323.4
$8,162.2
$10,716.3
$11,555.9
$7,044.2
0.0489711118340904
9252.03206465426
$9,252
NPV(H3:H7) + H2

₫8,598.54

₫31,379.89
-6955.90069134815
-8341.74439552448
-11784.286081058
-13673.27049312
-8968.46352289084
-0.268166005505539
-552,000 -520,500 0 5% 224,972.54 221,775.44
217,800 207,500 1 10% 143,580.08 143,959.74
227,700 217,300 2 15% 75,278.96 78,663.56
234,900 225,200 3 20% 17,408.95 23,342.59
194,600 186,000 4 25% -32,055.04 -23,940.00

21.67% 22.37%

Ch
250,000.00

200,000.00

150,000.00

100,000.00

50,000.00

0.00
1 2
-50,000.00

Colum
-32,390
13,020 0.094
14,740
20,710
11,900

15,951.87

Chart Title
250,000.00

200,000.00

150,000.00

100,000.00

50,000.00

0.00
1 2 3 4 5
-50,000.00

Column E Column F
EBIT = Sales - Cost - Depreciation $300,000
Sales 675300 $100,000
Cost 504500 $150,000
Dep 86400 $200,000
EBIT 84400
Taxes (22%) 18568
Net income 65832 Err:523
$679,959.86
To calculate cash flow:
1960000 0 1 2 3
Sales 1445000
Cost 580000
Dep 653333
EBIT 211667
Taxes (21%) 44450
Net income 167217
Cash flows -1960000 820550 820550 820550

NPV?
IRR?
Multiple choices?
Short answer?
0
1
2
3

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