[ee i dhe BE
fo : Serna
- Node: eel
{Neb depen = pin Lage : ~ ake
ily a hae donk coheSS ee
Mee ————+|
«ee Achty cqeslann + acl of Gupanaspeabubes in by Sew cat val
ao|oala
He quack. Groflsher« Tepes ba GS Be
a —
N of money $$ _ ;
eds of Juba dugsim: Ctrutwneh east dS): = Cones
oe of packet Grwhmant site bind equnge repent embers Tey
elastance: Sappiee pias tGoncreke Gs ban ite OG
aluey algtes slaps per year: /Irgeneme chance tg cts be make bahar Lig cy
tong Stel fermick sl render femmmiek-The fe of 1h shock femmes ip oy
TPs cabal fe tyre and dats Lavoalic Gromer uy Late The “eg ey
Piette | one pete steal Gove anh ore cede fe wirelion fren gf 2
SY CHU omel gy VY rerpehy Tt fetrer sheskd Qs
[\dicck (ole Cok fev fory andlremrmnnnny he steel fremsek snot newsbin fun ws
fe AIO. and FOI per share resrerholy « Q:
[La Dek wb pecbed Ga bte foe Shel Govmieck opher os My Som of tal eben
PiGik ss poceddney 1,000 shoppe gin gene! Gort od Helfer per yarn |
| P\OOMN. HO 4e400,0VO = BI Yon GVO« ; A
Ta Op © agen free le = HEY, 00 KF + ASG LVL, = 81,570, T00 | 6
THe paybase penoel: « nok jeer: :
ophet.
i wer!
| (Hendon of yeos tubes to repay Ah exgaah \ueted Cay dn sad Seuves Un
a \y. a
[Single meted - evalaation of proqccts and lveshey fe lesb ce Gabeh
Thas 2 bocindls ¢ ( exravechrs A oid 1B tebe chore Gown. Bibs the brady ae
[Thame dee adda peryret ofritel O10. Wa nen Mca be wend Ou Apered
Vol tycers- Brencd Ais eh dN by Sen beh of try MYC yes —
| eid yom, a8 iso ova onl w2ay ava 3h yt cocasieshaly
at
wa ast
Goopowtyy peeks gee AT
tet mello eatin Tet cea etic
dng
es mutta
_Qiorralles) ——
This MLyeateboel uk
cig sneranal-ennuel (ate ene. C "Cry a
Le wettechue Iuleest rake. (Qrolly erst bul Gu lee fe (yeconsheden Se
C= base of nabeal logerstinns = 2 Hee: -
[Le lertegct rece pen peat :
(= 10,06 Compasdng pewds (often yes
Mn of Gmparag poms
P= pecsend amont of Investmant |
AE fubyre amount guier man Investment
iro 2 Galyene dole, (SM)! or prodteeeepianl fonadicf ent)
Seal ara meee =
A = Arrant E29 EN eug coed Sih Cds yk Glucty
( ae eee Compound werk poo bls Ceongna
1% ny — Consnssth Per,
( ee Pea Sele
i+"
Gay: s ee Ginpamel sensual focb.
Os pay mont prexent wuneth dmevinsL (2 geet oe a)
(ple, i%, n)‘ . = "guy ent
Pa zee 1 Shp)
Gz Guadhent
Lud ok alwys)
atRyy! os “agree are ee
fossa arneunt 0. lnvestrrest
Fue CF)
Ave _Codmeney)© Esa ccrosnk: Sones Gaubel waging ames
Alp, i%.n).
=p i(i+i)?
—GsiPor
iG2i)" tasted pajmank Sones Cypha recovey Gots
Grip
(2) Mnrform gachent Seres onmel Lequivalent amounly
. Qa grech ent
Co
AIG i%,a) qn (
re Jere
lg
toee
AzA+G (40 iay
GOs int. uf quled Sore aomhepavvelind 4ichon
iCCME ; |
aw pasta _ 7 fio agg
Ue methods useel sta evaluate ane clecicle whet Investraert ty dei
Net peescat_ eset [ualue i medboedl._(Comert. to. o pretock het eielanl |
@ fatwes soe value oti. Canseco Redeye pene an sie
Dipak ine catacid worth mastheal ins
Arannuch} Le equal amen! ye
caren ode of cehicn Cire) :
bean spe Ga
(QRS Comperrech with MARR if
Jfctle exssel has a Sebvnge valve A
Cal i% jn)
Cp= 5) (Alp, ih nyt Si 5: Salvage valve: tt
i Wtwestredke |
Te ponoysl 1
Exam ple i
—Accoby 20 las abuts freabrnast leet with a Coyserty of LO rations it
gai er. The pak acter Cansuma gchon “this yf €or 18 teorcledl aS i
Btmpel each yore the pak Grsumipben expected-to Inoease i
by 22% Gmparmled cmaunby. A Crsublent recommends jl
Grstuchen of an adebrton a exsbing pl at “tak
Capauty toa mind of 20mad- incl hes meng years ch ws
Habs lane clas ad et a
Sle |
pe Bt Mad (Condon sellin peed)
ete RLY !
F£=30MOd_ 27 _ _ te
a TMP ie, RE
Lo =p et a D
"30 5,200. 3703 000 (1-07 ate spans ne
A,B,C AS ben cae a pany Sk Ae
seten of actlewt (0% on 05 [nvested Cant The eshmedel dele
Sorctte lave chants ove shew. Halle QE. which \uestmert she.
ot.
be Hermended cad whet 1 Ogee atest ee es
a ee: Sebo cane ane onsen
Leserption wy _| Cc
etinctied Cort (i 100,000 “160,000 20,000
Scrap value QE — L 40,000
Lerannvel | _ 7
leeenaial] 2d 6a) SO “30600 Fez 300
Megs} —e 3 to
— 4 {=
Nees
LA tha yen ue lige < res stke met pre soit Approach
Afthe yews Afhe "use e. suaverkent +
as S Salchest =
AL -
hehe cet 2-100,000
Annual vecental = # le, 4002 yACecaneh f pa) = = A ‘(eoneet)
— [p/a. et ¢)
Digan9 [SDT |
corre
pPzw as, 256
. + 9g, 156 2-H
Kpw = -~100,000 + 4 Vy
Getacal Costs 9-160 600
Pras recess = A = B30, 600 -
___Cpfa 0%, 9)
ocoG 2 Sis
= 163,404 -
_ NPV = =160 000 + 163,404
293 os vail
\nihah Gst = pe sha
A Lf 2, 300
2 lO years -
L=Wu0,000 =F (Ase)
(pla, 10% 10.) i
BPs 2,300 Qt TiN
0-1 (0: ye
242,300 (6-145) 29 259, 13350
+50 +40, 000
fypw z -280,000 4.289, 9)
(ple 1)
pe Fie |_sio,o00__ = 79 1S, 42.0
Cac ay
= 270,500 + 254,133:S0 415,420
= AU CUS
B15 secermencded Co (s Khe only gesrbs)-
af elhove Ge) cheose the Veast Cost Invert -
Lxanp 5
Hows many months rustaile.co stax Jnventeck x mh ie ie
Sest rose. of- 6% Cregordech trnerstaly te acommbte TE200.9.F1_
dle in
Ef beste slateel net Yon ly bok maanetig ae ark,
Np =
iy 4= 0.061%
hue ania,
er
re cy msi nn
or o. me nibs
Convent) tu effichronmel be Leer marth
3 hk FE y |
bper 2 (i tig) - by or ue 2 ln) 1]
—Eene of asgoatat “bende hanatad poncd :
bree = (+0: 0619) Ya _|
ek 2 Looqya — | _= 0.005" Cina)
E ren ae ; *
pocditeses —__pzlord. ~
‘fame,
- 1006 3 2000
Gi.00s)”
(1-008\" = 9
nia (005) = In
N= 1389 moths ov
LSE y-cong.wis Cee i sage L
Aiest Guile aaditieues \s ‘odtinbkell “to gst 529, mnl ler ger Lt
and te produce 4 ret onnuel revenue of 22 malor, efit
Re tee ale Lire kn il IK
|
Az+2.000, 000
i ie ce 4
#2 20,000, 000 eae’ 18%
(pla s%,n)
eff pe [Cut |
Ey
PY - G+iy™=)
T+)”
26, SG, 606.
YX, CoV, ov-O—
: Jo = (\-08)=1
pov (10%)
16 (0-98) (no2)" = (wos)"—1
Los) = (1:08) "=!
(1.08) = 0-08 (1-08) =!
(1.68) Gas: D2 \
_(: aw :
7
(vo8\ =
sai itch 2 le” = 20-A\ yearns ))
X Mrs OF cnee. As
——___Assiqnmenib: Se
Me tNe n Kane arti obtain a hare merge:
19 Tt amreuat of) 703 50,00, fie 92 3.9,000. 4 mortyes,
Compaeay. gueltel aa. scmnd pocertagee Lede. Uf E5%: Cony,
Adee daly. Netecinne [Mer Or baal racrt ly feed
and.
ben
the amourt of lotrest- youd over the ike Y tao
m
Se ee
= ar
S ; L
Ors Conbarety yo hove achovee of recenling 82544 ¢
E46 s fro J So, tL for ae hect
See: ow) or wf 800) Wa afeans 4 Kee Ne) 9 FTE OT
Jalheck (maples Groped erased Wntecert shobdl ee’ bell
Henk between tthe two Gabecls.
A specselyyesh Saplly pl ®- purctetedl by a Conbectur fy
Me pregcctonly. The duvacien of Te pifect 1s years, tre eve
foc Mf SEAM rigs 10 years. Bot of ty stlol cot ft “enul uf
She ppect, Ian tle snbactr Uwe beable te gek half the
pocthste prices TS ctas ciq! Gest $90,000 andthe veparedd
Wee os & vetwn 1S \O%% What 19 fle smamanl ose of Hey,
tothe Geobactr if.
dp2re oo
A piece of Cushichen spuiprest_ Gels 245000 purchace,
ised, oil: anel maimor mabe aie ettyradeo oo cat A]?
Bg-kobo 12:34) fie enh hour Gre esupprent 1s useol. The
Mes Cart 3200 “b sep lace (astra acted L Joceur vey
2,8 00 hous of ated ) anol mayer prepares Le odo
ne eyretcel afer 4200 ows “of Ufc. The pre ce of epaprak
\S expected ty last
, Seswhieh sf val) hove on ttm wed Salvage vaio of OL
i