oe a eee 2 ss 7 Gobiae Value] “Coals Pr. nohare wwedtod — 7a ‘} Hroox (iE re ele" | aaumylien ~ ink vsts_onilank a Ge Doped” Fi FV= Hoo x(1-0%) x(1-08) = Ns +6 _ - = SS . = [aii money folie > compeandaig it] = Pevil is se spear BE - ___ = — = = — a Dat [a aan “Re the “Tae Coals Pn” poypraaks happen ak Wa ond of PH peniocl tea easiest i OF Turait bx(ita) —>rv, (co) a Pinel a > 10}: —_ DF= L xs) O S Fvs (a), Pye DF xe __ = )0F. 108" ; pv: Fv _| - : a ardAmeunk asdh Int (-) discount Rate Preank Value _mraans disveunk wk ith doceunk Rate wet mAs =r - sae = ian aD aaa Ci, Ca Co parpmenks heppensivg a diff perido BM, = "Cen nce ee, ce CHP Citny@ Garey va “He pasiod dF gd nempounded . 2 Aguiar - lrds ko you Present Value Arann i S Be fceeeicy eee =" 2 ena + Gos. . = , 2 Ce a ce PYG BOTS PERN 4 p 07, ike Ap ace : v v ProNN 2 Chevy? Ve ox] =e) |) Papel oman oO ~ Gey) | qpoostk (3) Cah Few Poxp with Growth Wwe macs > : erg) c “(14957 i cE : uP 1 Ls AW i nanonwa Ld lala IE grows aka wrotonk Rake | Paperkraft_ Example \- oo * $4 § é - 20K 8K eK Ok eK i Foe) wef ay be ZeeddCier)® f pesto _Cie)? as 4 pwsiods Cir 4 Xai women OTE Fe Fine | xCir)®- ca [coe -2) C a ¥ EV = 20000x [iroe)*-1 J C 08 | = $ 13-882 —_ "tule 8 - Cobeuloli Ure perpeluly cand - ae Hon cont GE on Sas bola morkhe Asloyed - 7 Annual Pewee, Rake — PPR= HR xIe Conte Rat) eng. (1+ MR)" =) ee eeBorde ith “uriuned _£ yy ered. : - £ - Nominal al exhea -wupecs 100 out. gornay hat = ec = h ak tthe. ered of the urvitelmert fe nem ~ —— i S72 = Cort): (it 08) ce t = & Rend Rute, > Tells vo how much we veally, ronlld be a Eas = & 4} sae gots mpo | anflabiin va 6). we me & . = Nen Peal = amk of 5 availabe = ok hint t+ & Eo cpp etn AE pen Sopbnatisn = i‘ Jin) = Rer(t) » Nor = Car igt = 7 : =‘ p PY / pap : Citoe) - Real Coo 212 rata Graaals inflalarn Real Rake (At v-¥0f) = (1406)/ (104) Ink Robt heii lnsinie) mabey polincs progr lalzer 0-05 Nerul Rab. 20009) amdabbabts UL Nomimal Rote’ _2000__ pv) = pvG)/+ 0-005) Cro-01) PV (0) = 2600 TOT T-00r. pr (0): 2000 ex: |. Lol +1-00S x [Gita Budgeting | Loah part ¢ eer goed) ye eee Pp Paperkraftae oa fi 2 gee 7 | si tah Je 1 | in pep ocows mite | ed , copa bv ( fitin cob ft) 2 co Snibial coal ma usied b choke b vols NPV = tot kf HV 28-2} —— En Grbeincd tao} Rela ~ Orerltlad _ ie ak aohich, ofr Lo Es = 100 + {so =i . _ = & TARRY B [¢o =|00 It = 7 7 a — tk — I+ yan =ico so su S —pipRece) IRR ex: ae fe (Heagun You dintount Rodi ® Haglor The nev ) D-R ishage NPV yeild p be Negaiaoe) = Capit ting 2, ae = Pofbality Index —_ = Nev = Whi Snweadrunt 5 sie “hor << | ~k ta fe fea the Bond: a —_ Grapon * Prindpal Rol = Pmk will wear unum eels fed = fede al ( ae Sah es foe tine ie tent tant) — PR= Rae X12 Koak parol we gek provipl) yrt- = Py = gas 4 425 4425 + S pure a |. d0ls Too)? ai ose Ch oes) ae Pruveup ek = 684 eee: fe 1" 4x4) Int Tor ii vou THe | tv (bor se - oy (ouslg ot een f ; comers i rll) “gn eAETo pel pert eee oo 1 =— Rabie | 3 > Bord | do gent Gast: “pet Gh po yoos) we 2¢ cn ole rs cop Ue av Crome * Toba See —— a ] ss +1 pus bs Ee (ied (oso ped (is Abo snide Pad ie q192e _——— oe Boru Soule Coe eee ae 4 aoe 2... PaperkraftAnnual = Gmerth Goper Rati = g. <] as : ote ome YT = 09664 5 abs ee) 7G ve bv 2hae 4 ot DWae te FV ~ Palast Vols -100 (atin - Indexed Gah - Flows Flows) O.ozies. 0. 104625. HWY ivy omes « (004eas)(rovat ooatay rovers) I= = unfbativ | =1 7. anflalion, = 2 7 Se 2 ———. ——_+— Rea Goh ale (3) = Nee ay Read i) flows ‘be be ety; Goad Pye = t00>Ci turf) wimpy Real Snlecat pte an #102 xs ie WtWantt oly AMa ; kOe yr o) = pL Ge: Prot pobimtah Vole} ond: Py teephed Spot ut wht Mo we Aik wheTolek sabe cTolet 6 4 Stoh@ + Sput tsqut = 1+NX > Total. Bagel = 100 a Ge. Nacd, tel bok a ie uinplemaal prejed- hor b Both preyed -» dnveslnenls Tale | oo Dwalion : : One peiod (© TAR doch “all na much abo? Ln TR 2 (0 fhe poancitthly : francibi DR n 8 Pagid Pes ; Proje B Sita) iw alan: -106 $ribel dwoilmart - 100 IRR - |2/. Err: 00], Uf. - DR: 8). te. a ek PressnP Vale NPVa = - 100 +100 Weve =100_+100 AARARDAR P| ae 7 = Jel = bor = 100 +40-04 = -100 $92°8) 24a NPY < NPY mead etait a ts il Paperkraft eefe Caper Role, ik + ia (ogee _i 7 ie ( rn) os vin) Y Cee) Cyn)" erry frow A eS. oe oe i _Tetel Lupe ly 2 Toll EV oe | Con maniiomble Haut > REDD Nomura rode ° ‘a REL? Re of Husnb op 1 wiHelns lig Dopaeeeo <— Reunion hue GDP & mex than a - Gov. Yidld Cue. Coyote. Vill rire [ va Yule — (Gig a a oT Pe fs L ni =? + —_—ane 1 REE 4: -; Mabbip\ Cooh Flews “NEY > edlinabe [ane Cook Howat skp2 _Choew -appropriake discounk vale __ Abep 3 > lompub. _ s NPV vo puithint go okoel ao wll cues of BS Bla bla n Hew be pria a bend : = _ fy = cpp + Cen ws Ce + (ie) = City)’ Cite)? ea vand Nominal RakL” Nominal yh = val intusd rate} expedid in) aon Gopal Honest aoa THUYZ - yo) 2 4B eotsntdadl mm (408) * yoo. ah 3h xe = 64. : gat ER 247,. - pve cele (ey) demu Eve Pu pane ask x (4 Rat diliuat ) sas fad jew 45 Duisvounk Face > watd, te hind Hepy sO Fe Te et = Get Imp Paap iin > erowt amb pis C CPnnapl amt, x (Ror) =e fi fd a payps Jounula- Cc Tia | RL Cito? Cay aa yt C2 Pa a lien ie 2c —— a a i ——— pe J [eee ae a 0.09 1+ 0.09 ]5 = = one = a =—— . asoooe [7 a _ ss= 2¢0000_ 10:41 _ a = rae PV of ow 2440 a4 ae oe Fabs. CaohHlows “pve py(eyt FOUL = 74,431 431 + 0.0¢) © - = 44,431.93(1-08)§ i einige = Tour Valle» Proant Vale FPR =HRx12 (R= MonPly Ral) ERR= (i+MR)%) Nominal Radio Hos nti ag de Ue ig =? Than Real Ral > esd dfn = Ee eeiec ner moat oe Thumb {Real Cash Flow Pe Read. Rabe = Rede C Nomurtall Cosh Hod ——> Nowunal Rake ° = Nomunal loch Hod = REF (IT Sp)T = kee - Ber (+084) _ = ROR = Plz a45 35,0, 7 | oo —< 2038 Rer _ = =6 10.06) = (14k) x (1404) vanes 7 Oe 7 i - = ey es ee a 140-05 = bog 7 UHR oo r 0.09 2R -. k=ia)) SH 2 zor Base re r : Sade Eoig —— —— = fo. Badying | how wll omg Bri -_ E _| Capi ti copilol b ianinge peg: = Imp Nev - Rule of Thain | Nev >0 = Nev = Cook+ PY pilin Cooh Flow) - = Keep snvedtny dbl NPV come bo Maaleck : sane = 4000 +_2000 = 4 {000 ey ins] Caen) Cirree) — C1tre)® —. Role: which moximiyes NPV | uel look ak He NPY Coplel Budgehng fe Gh thik Pr= Nev Sow 5 wey s — lots = 4 ; | 6 Ce oy ta =) _— - : — : Toperkraty A i Capital Rakiinsing , Project Int IRR Na { 1 300 eae 66 **o" 220 ial L 2: - 200 foe 74) 002 30 5 |. 3 -260 166 =A Ss Ola Hd 4 [00 12) 4 O14 fi S ~{00 we + 0-63 = c ~350 Ve 63 on = i ae “400 las 48 O Ja — HL + Bends ( Imp Coreopts fee ees : C i Note. Coupon Rake F Dis RX) SS i Zero lapoun Bord- No] zere Siilowsk Rake = FV we the wd] gek Back - & - = a, thal morieg ind igek 5 iN Widii0: a 2exiooo = dag Pili) Rake 20] eae 100 2 seras. - _ y TH eR India of Iibeisat Rol we use He 5 l Deneminalse* word. Veda. 5 = bord Wollig al _ s EL: Prue ab ashch wey = 100 og, a a L A we Si tray 0.70 Alun. fo * =oo ~ 19-90 » 100" | ae “Cat? 4) ee a Ne ter 249 217 = Jol 2 of. —s ll qo ftMedel duncdssoPrvcthion = Duclio> ee og “+ Ganank Yiald a re ae Poiagd l= 2 aD x zt ~ Pound 2- 47. "e 6). — Rea f.Nerinal Rate | = = oo a Neniunald yall = real anleuak wake + expaated aiflokion | ae a Ceraanesd Fes Saunge —> | Copilel Hetle} —> Swedlarent | i al