Sy teaning of Faas Finance fs the Bunce and ‘Ark of anaging money — wand other vassebs. =>. Meaning 6: Fanatab_ “Management : iL Financat Management may be defined ae that vanea ov tk Of acl mint strative Junctions in von orpentge ton whitch rdated | with - varvianging Of cas wand credit , 89 that | | the organization may — the means t0_ I cooy out Ty objective oe sattey _ Oe possibte . Finanu’a sihanutal Man agement tS the eporatTonal. tl acsurtte fee op we business that: Pa Yepons rb [| fer ebtaintng wand _ effectively” —-uctitig ing the _ funds jo _ offeant operation, | Ase — | | \d eptronal Re Resource ubel?zation a > Propit Maminization iS Riek manogenent ee 4D Ligutdtty Mangement _ (Sycapital gtrucute ophim? zation i _ Weatth masimization - foes : i _ Analyste eS (® Investment Management} | 77Gb ot obsectfueg Hb jerk - 7 Specie objectives co ®Profit manientyation a 1 Wealth maximrzatien - - Wy amtetpating Fhanutat - _ neds, | LS Aequiring Fihanutet Regourceg: _ S> dusting Fundg in Busfresa - - “ [P Admintstvating: the vatte catyon wep Fundg > Anatysis the ‘poy ormance of Finance - » Accounting $ reporting +e m ™Manay enent - Sl Dear, , Han ct nt: iz la) “Ahanding wlecsion + / n B>. Dividend... decésion |D Working. “capttat dectsien. 3) Bijacigaiian Seusnans vay GnamaPipwioaat > Fatty Share holdersD cash 6 Bonk — | Pd azavestment fd tax ¢rrsuxane_| -L © Gost Accountiy ne [25 Propit. Rlannt Espprrtectin oy Com, vans cfs He Seen neat mperiteg { ~auivitreg \ Vesponsr or ttty \\ a hireSURYA trata Analysts pf Cost -- Volume - Proptt — Capttol budgee “ Wevking Copftal Management a> Projit panning -§ Controt - 2 Fair’ vetusng te the Tnverterg ) Maintaining Afquidltty wand weatth ~masimt;ation 4 is Finontst Planning : a Etnaneed Plan Invelves ; nos Capron shut _Capita Cath “Flow. It basic repe _ mictue 0 Mok wand borrowed. Cap Comp wat - THB > Str indicates | 1 ~yesoux for eapansion of the Company. 9 + Sse acenp es ordec a per vany "moore funda Ty Te Fe vequtrect - _workit ap M > at hips @ avoid gs ae ed procedures - ® wre, OWactab: ratty : ef _Supgiicene duppirenk fund | fermen he ae vany emergency + a by on : ot _climinateg Unwanted ieee Ly Simplicity | > Longteun View D Fore stght 2° > opeinnum tse —— | Contingencies ___OD Retamned earning (5) Long- tou Leana, _ |) Bonds ee TGs) on eunds &) Ventre Capttat a @) Leastng we (40) Hive Puschase a Bhott Ef nangot eeuments : (1) Gosh Ee 7 (2) BOD Bank Overdraft (a) Bre dg count (4) Shoxt - teu Loans C5) btor Hin 6) Hi “Bll” —|@ Advance 7 lo SE Spo Greate from “Customens ste.Caprtal shucwe | _finanwal structure an capita 3 5% Capreol Re capital). pg Caprtab Debentwrg Teun Loans | The _ “Capttal shuckuie oy Cap aon undectaking vevu te the: Ww in wnrch 7ts Jong +toun ob.L% atvons, wou vd ?sty Pouted blw wel percent | classe own F cred Fora. _ “The coprtaliatron ag aun urtexp sdepends _on THE wey curs yo the view _potnt of. investors , the yred on Securities which have ben Fesued ‘Should be Comparable te the Yreld op other deunitu, Which vane subject te the same _ Kinds fF ve. Dyin? too: fae nae _ _—— As poo "G dhmann _ wand _ Dougatt” _ cna Stocks FCapitat. _shruckwue 4: A. wompany = prepare te) _ the Composttron op THs CapPtokts abi don wnd Pe Pncludes vO ue tong teun = «| copftrak. Resousclep Ferny, Loong »,Reavwes, 4 _ words capfrat_atructie pp a business can be measured by the Ratro _ VarePous Hrnd of» «Permanent bean 4 Kaqpity Capirot + +o ‘total caphrat. _ (3) Growth § Stabriity ae _ (A) Retouin?ng _Contret ‘ 7 ((s) cost op capieoh + of Frank oy Totutak rake(Gz 14) Cond thn low in on ctic tre stbwatfon ———— Sp heverages + _ Leveraged — “hat been ~depsned echan ital advantaye lecifon of a “heyen, and aad By whith a [The -ferce _ wordt be_ “applied benefits, Of thie 1% TYtectin higher ~yetiwuns te Eusity eRecreholclors | Sipatuxe or Aloctuee Of wiagea? w Levebges rg Oe _finanaa the hands of financuat (analysts Ft pangs t the vuative fa the Sates - Kot “volepicts” incwsered, te Sew the _qooda, Se hetpa + +o mgt ze 4 FE alse | “helps It hepa _ the : eturne of ates cand Ope vag The rar pes i) Progr volue +9 Change _ Bates -__@ emanuas eoge = operating Zocome “Tancable Income (2) openadting beverages = agen ©learr | Wdhere vas ec easien Cates -ve 4 = (embined L evenages » OLXFL “OD Searr xEery fe | - _ C6) Leasing bepvte. Tanne - = we lee : j S. Master Ere Li = ; ane _ - {| Pasthiatars Roles - oO Vosiabte Coat Cont? bution © Fexed Coast et Oprading! Probie: Leeny © Interest _ &er - OQ Tan ; Kar Preforentins3 From the fouswing Leverages. \Vasoble wst IS per unit. | Fixed Gest 50,000 I Tntenst Z1S,000. Equity Share hoteles. : Exh Ba shares Eoxning Aattable te ynity 0 ! sat Information [Soles " t9000 uniks at taG per u unre. . i} : .. 504) Colutation of. Leuerages . | Et ‘I Poxttiustas te ups] Amt : i Gales (40,000% 25) o _| 250,000 | ICavertabte “Cost (a0,000%5) 50,000; I Contitbusfon > [2,00,000 | - ed Frxed Gost _ —_ [0,000 I Eert/opuiating Prep > | 4,970,000, [Qintowt ee 415,000 | Bet a > [555 000 | (a pleas “fess : 1 | | \ | | as 4 | Finance Leverages f8rt =1,90,000_s[4.09 Tinea { 2, 00,000 »[4.14 Timea) 1,7-0,000 —— 1.29 TimesSURYAGold Lom ateutete Companys Leverages. Portuese | Sales co.A I. sae 2 0,00000 mE VosiaBle Cost poet i Fixed Cost =< ¥ —__# — = 400,000 _ | Tnterest | 4,00,000 |e — = 7 THe got, | Masten “Table for calculation of Leverages th BZ * Partiutau Faeh [Fim'® | _ Rode | 20,00, 000] 30,00,000| i | GQvecabe cost [800,000] %2g000] TL | ___ Contribution > |42,00,000|22,00,000] 7 Fixed _ Cost - | 00,000) * 00,000 lk _ sae [peony pret SSE F,00, 000 |14,00,000 mt [Qtotorest “[4,00,000| 425000 | I Eat 6, 00, 00028, 45,000 _ ie | a t wal _ G3) anette Leunages 2 EOET oF | esr ee 7 | A = 400,000 1 = Bis 100,000 I 6, 00,000 _-28,75,000 | a [226 Times, 5 [2-04 Tima) == a 2 fi > fare + A = 123,00,000 B= 21,00,000 00,000 14,200,000 | | > [a1 tine) . 2h 6 Time] i | ——_. - 2 a B)lorbfoed Lomnager> OLKFL _ i [ A= 1.%2X 2-46 : 8. 1.5X 1.09 | _ > [naa Tima) 2 [4.63 Time __ : -SURYA Gott \X! Lim Pte has Fyuity Bhane capfhat 24,00,000 || vdPuPoted into » Shane 4 Z100 each. Tt Wishes | te yvaotse futther %3,00,000 for Moduuization plans The company the aa financial schemes. = @) Am from _Fyty Shanes (8) Z,00,000 fn Es 5 200,000 fn idebte @ yp, uw wnhum . — CAML from debty wok 10> per “annum. | ca) 100,000 in ES cand ZF200,000 _ Lvote of dividend 0% - : = | The Comp. has estimated ESET vat ZX 1,S0,000. “The Corporate vate of tac ig DOh- Caluuat EPS fn (each Case. Give a comment vas te which CapPtot Struckuxe Suttable : Retains) —— ss a ou : Bebe Gag ES, Al finanwab Scheme pee [? Alveady has 5 Lakhs £- iat Fane Pt) EARS > @lakhe from &&H = eer “= 450,000 Eps ~ EARRH a 2 sak onl ee EPs » ¥5,000 : 300,000 200 ergs EreURYA Gold 2 [6] Foanual Acheme: 7 — cae welder. 5,00,000 Eg ~ ee a | New -¥1,00,000 6s from Debt @ sory, 7 2, 00000 Serr = 41,50,000 IL) Interest (10%) = 20,000 130,000 CD Tax @s50% = 65,000 EAESH > 5,000 EPS = _65,000 £,00,000-100 EPS ~ 65,000 [srs = 1083) ery Coprtot styucurte ; un - [el Frnancal scheme: | 7 Older 5,00,000 S&H a > New 3,00,000 Debts @ 10% ~~ Gert = 1,50,000 : _ : aa Cyintuust (10%) = 3%200 | 1,8.0,000 _ — 60,000 ae ee [(-) Tax (so%) — BAgSH > 69000 —~ 400,000 Pk @ #% Fart - 450,000 _ 10) Toe > 45,000 _ | Eat > Fs,000 lO Pry dividand = 16,000 a — | cae > 54,000 = = | [ers 5 —_ | €Ps 54000 600007400 - | EPS ~ St000 : | C000 —} > 13 | oT ; = ¥ Rama Chandu ‘bed has a total Capftatejatien [og 10,00,000 Consi'strng tatively of ES opzso leak. It wishu +t. vrge another 5,002,000 | Jor excpans ron op the Company . The: powrbie || Frances Schemes _ waute: IQ) au Ee ey = 50- each. i@ Bt Debentusie wt Te interest. | Io 200,000 _fom Debentures vat the “Yate Of 3 ae ! | 2,00000 from Pg at the vate Of Wand ze] | 4,00,000 from Es oak the Yate of 350 each. | Co) 3,00,000 from — ER 502 Pee Bemtaies ae the vate Colwutate Finane EPS of _ those finantoL Plans. dssume EBIT if Zsz,00,000.SURYA Gold ee, 10,00,000 EX @XSo each. | ES @wSo each. Serr = 400,000 © Tex (se%) = —_1,00,000 EAESH > _4,00,000 _ ae fe 2 ee - aa Notes : z bos a - — 2, 2S: EPg = __4,00)000 ee eer > a0goso | a 415,00,0007400 0 : j _ | fers 2 2.33] ae + eee i— - B , , \ Fenanwa Leverages > 5627 _ nn : ret | = &,00,000 _ —_— 200,000 ~~ ; 2] Time) a Fhanest Scheme: 7 etder =10,00,000 EX @5o each > Nu = AU from Debentwies @Uh- EBIT _ = 400,000 _ ~~ ~ CG Intewst Oo a 500000476 = 46.000 a fer} 155,000 ; - af ep Tam (50%) = 980 i || Gresn [ear > 77,500 - L _ qe nnn |4500 40,00,000 50 EPS = 33,500 20,000 | [ers = 3.02] — Fk = 00,000 _ 00090 1,55,000 = [2.09 Tima] [ey Finanday scheme (0%) Capitad Styuckwns ' 2909. 2708 | zetder = 40,0000 €& @ So each: > New = 200,000 Debentwes @ 5% ‘* Pr& @%Yo 204000 1,00, 000 GE 50 each. — Gert = 200,000 _ Otntrst"% 26,000 Eet > 41,84,0 (Tae 72,000 7 BAT > 74000 rg, Dividind > 14,000 EAERH > F4,000 EPS = 74,000 _ Bazo00 (1}04000- Pg = 3.36 _ 00,000 JFL = & _ | 1,384,000 [+ 4.03 Tine oeEPS = EAE Eg H : Eerr __Neigg ©) Int GPs = 400,000 fet > | EPS 5 3.33, ] — Frnonuat Lev cage, -68np _ ae ee Po BT Se = 800,000 a es ee 200,006 | ez Ghanwat Scheme a y otder = 40,00,000. Eg @50 each a ~ > Nu from Debentwes @ 9%, Tp rom eens @ 97 ie _ Se —— EBr> 300,000 ee 6 tae eee © Interest —— ———— I 5ea000%9 __ Aer D Tow (50%) _ERESH nearBi = #75500 - 4.0,00,000 | fra + Fy soo 20,000 [ers 2 3. 24) Fit = 200,000 - * - _— 1 155,000 7 20000 > [2.29 Tima] oo ° ea See ve — ego00 | (rey Finanvan scheme (or) Capital Struck : etd = 10,0000 £& @50 each Pp Neur = 200,000 debentures @ BJ __ %ogoo0 Pd @7% ~ “4,00,000 EE 250 each. Serr 22, 00,000 QInwiest = 46,000 Eer > 4,#4,000 (pte 78,000 EAT > F000 ‘dund. > 14,000 ete = — 22,000 _Cife9900 50) a Pg = 3.36 ) i a ns | ames —— os ; [= 1.03 Tine] 4, 84,0008 asac0e OGTom (50 7,) = 44000 cs Co | Gg = 92,060. «2s | 2% 00,0. ee eee \ EPS - a2,000 : | t 26,000 Baz ss | a _ |Fit= 2,00,000 { 282,000 Fok Sbfuchune Of a. Company conatats| Shaxe Capitat of Z 10,00,000 _—| en bho and ZF 10,00,000 | deberrtunes , fala inéreased by 0% from | 30% : ||4,00000 units te 280,000 unite, Setttng _ 4 price 7 Sito pr , Vantalte Cost fs ee 4 ze er une Lost % 200,000 , | I cadcutate EPs wand Lui es [| Totome Tae to be So%, You wore vequrred ty ' | + — : _ a - LC| neem : an WA Gold L_ Qo Teh ag te = Master table t {ind out “Levvages wand Ps Portrutass PRoapag unites [70 C02 unis |.) fate "|ae0q00 0 | 48,00,000 | CD Varuteble wee : 6,00,000| #,20,000 __ Conk bubven >| 4120,000 | 4,60,000_ CD Fed vost i _ | 200,000) 2,00,000 Eexr [operating propit >| 200,000) 2 10,000 Oo Tobeotat | 20,000 x to) . 1,00,000| 400,000 cer =| 2,00,000| 420,000 G) Tax @ 5 59,000 | 22,000 EAgsH | E27 >| 50,000 |_%9)000 EPS > Earning Avoctable te Byptty shone holds _ Ato of Fapity shoes = 50,000 45] _ (10,22,200 +) 20,000 ddooot unttg = 10000 Ja] eereumees Lo, 000 _ __| ir & +, EBIT _ _ ts £8T _ 409000 units = 200, 000 429000 Units > 380000 4,00,000 4,80,000 a time] -+f4.s5 Hima) a) opurat’ng Awerages = eert ft 440,000: units > 4 30,000 9,80, 000 /jA.4 Tne! |am taeo00 unis + 4.5% 2.4 ly — Ate vequtred tp Galeatate beverages. The totat Caparty “of the Project 40000 units , coeptotted Capactty ef dates $ Production 500 unthe 1 Setuing price 220 por _ UNTt , Vasdable Zs: pew Un?t. ,. Fed. Cost : | &ftuaton X 40000, Situation Y 0,000 EEE — Situation Z __as,000 _ Finaneuat Phan: ; ZT - % 50,000 Equity sand 4000 debts @ a0, Taterest . ir. Zbo,000 | Equtty vand {50,000 debts @10% tntertest . _| - [mr. 30000 Equity and £60,000 debis @ 20% -_foterest. val Marte. Table to catutate Leverages PortPurtases Situation X Fe-410,000 | ‘ales (¥ foo x20) | 450,000 | CQvanabte cost (7,500x25)| 422,500 3 4), 500 - ContyTbutton :93,500|. 34500 | 37,500 |OrAtced Cost | 40,000] 40,000 | 12,000 6ezrT > |p ans00 | azs00 | 29,5002,50, 200 T 4,50)000, i 59 208 — | ayaa 500 sates (7500 2 4, +, ates (3 18,509 41445 28 34,500 Ovartable cost 6 Pap «2.0, 000 aa Ei 000 14,500 e700) aaa 4,000 poe —_ 7 14,500 | calutate Leverages “Master Table +o SPtuatin Z Fe » 25,000 _| aks (4500 kK av) fe “Variable cost (+500 X19SURYA Gat age EOr ___|_ tieoo 3,000 6200 | T >| 9,500 4,500 | 6500 | Leveags ~ = £8. — \ — = EL = F8ET egy 1.49-Hinea) 1-22 Hen Ter | 3 mes | a time CLs FLXOL 4.41iina | 33H [546m FA company Umited. has the capitat “of. Z490;000 [divided inte Eto leach. Ft has trafoy —eapansion _proprem —gufrd an Tavertrnent sof another ~ZSo,000 . “The “mgt igConsiden?ng the following ALtounative Schemes ex rising the amount. (i) Issue of _$,000 ~Shartes Zo each. | | [ (7%) Tssue of 5)000, 12% Pg of % 40 each. [Gir) tue of tof debenture ef ¥ $0,000. The fompany's pracnt fosening bee Toberest on Tax (EB) *g 30,000 Pa. » You » are: -reytrec +e Cotutate the Shoe (EPs). sfinenes onthe Eaxnin even after expansion. ee |e) ert Intased by X 10,000. Conte buston, : en ‘ 34, feed Cost >| MSeo | 34,500 | 34500 © een 5.00 | 26,000, 25,000 | . 20% te ania see Ss | 18,500 43,500 | 43,500 L ee 2) Intenes = 43, o : | efpeck of tach ~f the above Mode of the Assuming: (a) EBIT BIT Continued the Same20% * yoy Seterent Sewing _Eenning Pox thane flag zl Plan © Plan mi tee | auto ts pe be 7 Pautfolana [Sok 6g [SKA 133| Sok tte, Bo =>) 30,000] 30,000] 30,000 ) Interest | : _ 5.000 }_=_}__ ee | eer >| 30,0°0] 40,000) 25000 (2 Tam 15,000 45,000 143¢0_ Fat az t 35,009| 45,000 42, 400 (© Prfeentta Diufdend - 6,000, - Eonntng auailabte +2 €% hofdira | 15,000/ 9,000 | 43500 fo | Ppken —__ | 48,0000) 4,000 | 3,09,0°9 do dao 40 : 7 25,000] 14000 | 40,000 =e ees ml : | Sre= Ene | a | No.of Es Zoq | 22-05 commnk > 2 noth = — : Kintement ahowihg Fanning Per shane 7 Planz | Pang | Plan TIT 7 | Fontttong dt a es | a et 4 i Sok £4 bok paeiay Ok BPS Sort } 40,000 | 40,000 __ _ C2 Interest fee = 5000 | Ger «>| 0,000] 40,000 | 35,000 (Tax e 40,000] 17,500 Ear ee Prewuntial Dividend awatlable +9 EX holdvu! 20,000 | 43,500 6,000 S 44000 | 1% 500 (ween 1)50,000| 4,00,000| 2,0,000 to Ap to 15,000 | 10,000 | 40,000 | 7 7 Rie laaa leaae olthe Com (i) Bert ot the ) Eexrr (it?) | Covpovate tam P% _ Changes oe ce Consisty reared by (as 24 the tompany deer: 3sy,. Z 4,80,00 the decreased ty 20% ° . Stotement Lhowing Eaxntag Per Share Pontictass Plant | Plan IL \ Plan Tr Bert | © PET ha; EBT sal 4 tas, -a0% Eexrr >| 412,000 |6,00,000 | 3,800 _ C-) Interest 4,45,060| 4,456,000 _| 445,000 Ear >| 3,325,000 455,000 _|2,39,000 ( Tax @ 35%. 41%, 250| 45% 250 | 53,650 EAT - >| a,24,360 | 2,915,450 | 2155,a50 © Prefeuntias pivident ~»| 72,000 | 48,000 | 78,000 KEaxning unttable +6 £Sheldos| 1,4+5,450 Taazsso | 23,350 | 7 FE SH |4,00,000| 400,000 | 4,00,000 doo doo too 7 a aa 4-000 4,000. 4, 000 O00 ff —____ 3643 XS5.13 ZL0.837 Detuumine the Eps 0) 0 tompany which bay paling voit of M4 160,008.07 TY ceprday * uct —eorwsds of ae salou fh treet _|'+ jor cebenture fy 5000007 Vv _ tp detuming Hee Puen centage me in ep 4+ 12% Prefusne thave [4 107000 ‘ Equity shave of ty 100 cork 4,00 000 Y The company iy in the 557- fox, t A deteurni'nf te Lore pan ig Epst Ayodated with asso .307- ihermse ord Sor dunase jn £@IT. C_ Detumine He degyee. of arn Junuasys _ Posbeulors + legrr | Earr Est Igo600 | 4 307 . 2 spgono | 112900 R17 : $60,000 | 9,83,000_| 1,12,e¢0 & | ©) tnteust \ 50 000 | seo | 5458" —— ERT 110000 | 153002 | 64,020 ©) 101 @ 56% < 0500 | $640 | 35100 EAT | 4500] 7100 | 29900 ) Proten dial Dividend! {2000 | {2907 | /20e0 | EAESH cea 37500 | 54100 | $sqoo Eps - EnesH 4.345 | 14.995 | 35975 L ao ie at piseo | sae ood | yee as 1 thonge ja po @ 307 tim FoEt4100 __ Se eres 4-40 (e by». change in EPS @ Boy, Sho - 3-9 ty, = [ster ae aye C) ei. Cte (epee = = lus #1 = 208000 = | 1.31 Himes | 1$ 2000 ae : Ele O2 i | 1-80 Hmuys peo =e ech) : | _12,| Rotor shut of x [td on gr! mar 2002 a4 follows - feet tnt |» frabbili by fmt 4 Fixed Asset I5epe0 beguity topita | (to put 's Coment Ansets 50,000 show) 60,029 ¥10% Clebenture 80,020 4 Retain» cow ag000 Ik Cament Wability | gaove 2,00,000 ‘2.00 000 The _vompany totol| tun oft yoho js 3. fh fixed ope yt cut| fs tdevoo and voi able fost ! . roto “hh 40% .“Telel auehs sd > a Dp dun over vachio | | et 2... oe to —— — op Total eased geass — Tote — Pp tale = ataeooce = goo008 — —— See ee Pie, Mout Tobe Porhiulory Bm sald 6 00082 © voriohi cost 240000 Contribublon =—> “4,60 008 OQ Peed cast 4,00 oe° ERT —> 4,69 000 ©) fntuedt (-80000 x 107.) 8000 kar 252000 GC) for @$oy. 1,24 000 EAT /-EAssH [126,00 | EAESIt He ESH gen . 2 capital Eps Pec share valur " boeed —-Jéooe) 1soe eee > ert = phoore - fives | aa | EBT 252000 _ | - =_— : Out > Fert EXO IAA = (133 amyl DE06e° . eae = Feyot =F 103 X19 = Lye Kroes /2 ; Likely lwd of EBIT when Eps iG A QIE |__EBS7 2bo000| 2 [Pont after tox |126000 | bore 0060 | 42000 sooo | | co: (agon0| £020 | 200° | 42000 4 $000 | $2000 | 12000 $0000 | 842°? | g4000 | t+) Inhusat geoo | Soov | g000-| gooo | S000 7 SS ee enrt 9.60000 | 20000 | 63000 | 42008 1040600s ____Ghapler- peu | , — Finest and Oividend Ss = ec sion __¢ Povestment _Pee'sion !— (Oe tempt) Budgeting tes “phan pc ‘win aliaabrore of fund gs n prorees by iy oi, companion. allecuse funds vod prof 8 Bega to frsure and _ eee [> Behnibante > charled-1. naire » D} “ As trecompany' L eer and fuednend of capital's ifks nvdus:sompany Decferon to fuvdrent wt t: bt ics + of hamcal Pastiulon. a pe lag needs of dha. gine . it —eodal | ref i ih) Zronomiclt .Walue. of tae ey ess | [Wey Warking _ceupttel fe oe D2 Aecounding 1 rs - a [XY “Accounting Trendy of caning aE> Prac Pipa, a) phe a) prfect 5 vy Puijec se ea Set Nefee TI fy Py Traddbional matnai aus fv paysnik period rmetnod ip pm) [by Bosprar -propiloselly memod (ppm) t (2 fee a ‘orede of oelurna 7 trned (nus ts @xecubsons ~~ = tL iy: Discéant asf as oe he | ws Gy nek asset valutsmelned : sa bycpnenad: abe of relum, mainods Prahlada mates © Sas Cosh Gatin mehn od 2|__ Probleme :— sin UE 0) mah ~conaidere. : nat a _machine. Tid). nuthine- Xn a phe toi So_,eath pow Ue Sp eidoo ee [3 seve __——— 21000 ee _ : . 20000 ec 10002 : 14 your ogsh Eiow [s 9 1S 00 Otc rn = cash frou tS > 2400 Sb cap puus fs % 2500.0" bul we. neea only soto reroueyd+ o6 The. ee poste Loop o.go00s J ed Pee bark perio desi 2:6 ether. V I y tO Crnputakion of pep marhing ) tsb gece coin prow fs > S002 and. fewest plu is 2 15000any evr wth fw I's % 30,00 Sud we need any 210,000" +8 6 The Cee = 10000 ~ 30,000 = 0-3 2 pee Fy 4fo ceccaunhing pole of return mered« 2s lesding 2 — 3.9010 80» _ 40 bea 40,0 00 eee 20,000 — $5002, 119,002 90960 120000 4 155600 14101000 Ir sove er The. ampanyeepecled gade_of nelatD Ts ot » yutluake - tn pe Dtahilily o£ 2 machine buy fading cre presented : Value ad lod» + Qne present value of & tak tor a8 otcount fer aV || I worn e : i Jove plore. ; Lt Nace __& - i . i = /s|_yecty cosh fn Flow 201000 v | of cosh fn fied 6 — 201000 a, Year OF cosh fnfiwd 0%) 900," Sor 2d, Coteh pepe -Fo,o0s o —___frn_tpea a cos rash inf toon nub 11.6 AW 00.0 Ru LSA necdon [2.600% or $0900 Qe” | “Te000 | . —y oy | thing pins! te : _ J toate pdt 2h tn fies ee: Ameo Aaooo prer000: bef revive d.cnly Ma oe Bo19 2? v _ Mo 908 = Or) * ed, ten] 0002 no ) 12791000" 1797000Inveshmens | 000027 en ee a = |_ sw pS. 201000 A100 bo ond... $0,000 A6,000) Sra Ad ooo 80,000 Ln 50,900 10,000 —— To gh 401000 3090 compute net pucsent Value ak jor: rokta bill hy Pndex. 4 ban bale of Melua back, ported ) io palylck" profiles! ily Z Fon pun pret fupeaclel proj Dele “Ind 1S Ie 0:94 OVIT OBt0 | ! 983 | o-19 2 go4[orsr | o-Bre 342 | o750 3 S719 | ouss O-1S| 12 |06s8_| 4 oss | 0:36) ‘| 0: 635 010% |O-512 5 0402 | 0: 220 ger | 0650 JO497 Node Cony foarele p erroame trad ba bt rake shee. — ean Pace aboebeen: - TT Np net patent yal / : - aa 1 PAR: 7.cond 2 ip ise Ponuat.ledh_tnfievo a a Pug batho Aglntl cost OF 2 Snveshneny ——_arnnuuktodh infiud — eur rash flow __oyu'd0 ___—_2ova00_ a jn fs 98000 0/0 00 a = pnd 1 _ Ga|| yp » Av,000 — 40,009 = OE ee oo need: only 10000 pos 10,092, ~ gid ; U Ho) 0 os : 84 pBpsichtiphies 20 = oF fee. re ee st year cash tpow 15 Avoop 4s"000 Grd Yay jx tS) O00 F500 4H &_-g.0,000 bub w My 7 -1s00 30,'' 1ga90* & Os 3900 en pt piel op 80. dre php ® fasys}Compstakon of Npv ror: of perk x4 et . 0 Ln Joa _] PayHlo pro la4ale pp ot 99213 gino | tw000 | Jooe9? oer y [04000 ' 19.1000 = _103,21%d+ . awe . ah + NX * — A lompulabon of r_metnad) | : egy x: Drofecks Drs. pucme PucrF aa jn. 2bper ss aesOo [6660 i beep oF! ysg7.. Bago 660 / — 39000 O66f On. 6% 1640 corse s— 40/000 onde 0319 peoroHe 22K Lh S00 Oa. 4 BE po (SO Ayre 69906 OBO nt g0X 270 2am gore} 37 0920 (03 910_ Tory »- 1001000 lovoo® LD Pi vetbonnad (~) nga. rere ge Land J pufjck y 2nd Le percarys the poawIiny chsdounk: fale pur elulabng \IRe meatnod nd. Alpy mednod: * wtih wit _eutha’t 5 sok A Gaur pods --2gde, NOd + Fda seo rl” 1 O93 orm'p.s 6909. LOUT.. 9°30 2 boy gop ove OHH AsO 2 os1g 0466 07s) oe 0. 68s 7 OMS + OS). 0° 682, Q:70R.8 0. $72 SF OH orzo O62). Oboe | aHa7 goin — - Lempubtbor of pyybacs ported. for prijek X) _ =e 1ahjeur aerial ee eed v amines “ 20/00% Zand py * ty td 9 (501 060 Dov00eek Dlecst_yobe % nowon | Phlerst sabe sheuid beg oe) Npve | deteuteutel o7 Ferrs GUL abs Favalve coaukatior | pis -ayeml) 4 af Pont mal canibe Grieahel uk de rn “ale fa } id | ef faterst a4 Dhirh nds 2 purhiney, | ere. Fnicisied fe f, fa 4 of! Cosh) Ho dear ¢ [toe cum herpar te od Fnkerst: | bese me fond arena iat \ Bis _assumes:dn at dn '| «Ph fe alco. amume drat Cash infrour Con he | fre Fafrow can he ins Bemnifted atthe drs bed Arevdiscauntmg me trate ds oa tab qele- $n mel ne@ a Projeds. ‘ Re- Srueitement Ps" isu Re-~ thuesicment af Ju tobe at tne Luboy- T% assumed bohe dhe wales TRR. wh vite Saw Bg DI DAK! - —henang Rade of Rebun ‘onsyderea v “earn tage: wil tne pyr peniees ed -al' of” a. p bh ‘a im =e lata : fo “ouporné née ia duanlah bi pie. Petioa~ Pre poy| | under thie metned_ ib caledabed ad 9 | deprecta takten end tax of endfre 4. saree pe. pja 2 ep “annual sncome e [afr } bette and. _ckpreitla) ~_ Goria! Bavesbreeds- | (7) ; PARE fuoruge Pannuok pnoeme Cer dar end xp) ae Jnveshmends+ = Lohere ig anivestmne nt = Dyroek, Envetmel D ; OY) f Ea orginal Pnuestery'» Srp valu af assed ¢ es » prabreme? a (alewabe Prk. ie ne. papel hes pomdtnre__ feuduning 4 ace Pate prifedk fox £0) 000, ge Hordbo lip e pfek A= Sy progestin Az byrs, Draect Nel income abier inveshoene. depeercheons and Tine: 4 ap). “profeed: fe Dray rete v L Zovo Gove 2 3000 Go00 4 Bono, | * $000 4 Q000 3000 5 jogo 12000 6 << 1000 I4 ime equned afkr we Heb 1S fos-> hich Propech. Shourd ave under telkon,pow pabe of velany:s «Pup -onnel prof) Pug rake ei Nek, Povsrrret of profes fs » Dyno * > zou: Revo {008 5 By. taste lw = 2819 pga PO 255% [ae ft Ine fet froinnsh Pt batearn finko ple© toipue ions 2ovwoyy PRES Pv. aghirn Se /ug. Thveshmen 4 PRR = Q4v6 7s 000 FI0O eI bey be 393: 20,000 = 12H ge—S= = ——. amatat be | 2 camptny erent tun fnsestmen tot : ab roricaedde ne lef ti pe evaluate nefrvestment _Prepisal Lf using bre Fottowlng_2¢ dhod (i) Apr — ( ateountng rote of rehi over ee ela iacpriice nia) © Brofitabing Frey : — © mpy at “oa: . %) Pay-back Period metnod , © pay-roate profitabitiby, Ctrers ctetal grb. ‘ab foils nn Drops o¢ oe (0S)al inuestmen "| S000 31000 ige Syn \ bq ioarme (iW deualyn eb denedet) | yeas Projekte. [ praject ¢ for! een od Su00 2008 ; 1060 Asoo 2.005 | 09500 Svoo . pet «000 Asa. - eee soo | 600— SB |_Conmtaton of ARK ae 42 |) eR aug @ehien nwo ii peg Snvesme Fr coe =e Prades eh” sities : — Pug fern boot (veo KaTOW F 4000 + SOIT — 5 ncn = Qo | ivy imorerk = a suon pagan iE Sisco BRAS 126m» 100 BF = Is0W Prjed Lv Royoenan 5 298000 : Cys OHISSy ‘hyp tuectanert ) Bdydoot¥000 ~ ! ‘= jyuv0 Dea > Ax?3 y yoo } ( [6000 TH 50. F eh, + =| computedion Npv @ 104 ep Fi Cc Yeo J i » | Mod wah fhfiuwef cosh Prtiuw ofty)) ¢ yy 600+ 3 300/ 255) : sn 4 (oo SD Aas #4 5 1509 1010] a6) at ami $00] 58 i as 2500 p70 06) | y $ 11.004 0.56) 0% P| Pear sor4er pueda 46 4 SOYO 7999 = ~ _ ako) 4 Vp a3) ete SH64 S2T1F a z } 264reSe (-) Paver Sa meags sus > id pesenfuoht — Tite eyed NAPE, wives ___ | nee = YON a2e000 _Stagal mn a = 5 be ly YF ASI 90 = Abgde ¥, 00 2) fompukdbon of pt ef pro} rut KX sooo) Lsky or ah plu? sooo Vege nd. eA "Ad 1d bouu goo ate 0) 1500 (900 BA ey Zvo0o Nal we peed So s2eFg000 s013 me p42 Pe compahibon af pS pok priek (7 ( av eur (If rs Sk 00 ck0e aody cr'¢ ps ag uo 13/300 ard i ae to, 900 2180 nie bus 1S, edo But We need 00g am} wf Q506 $0 N00 a0 OS00 = = ol® Ser pgp ps (ar@) Serr eee ae 2) Com, a ep eho peytack pakleloy h on $5600 gg 3b else OO tea Oe lobov . 2002Pawan aaah ke make cw “ decieron for each Suan nub af tre e_aulernatives advent to Sdeck tne |_Projects by using. ame_faroor _metnods- (1) Recording, fo pyurk. period: Gi) Peceminy fo dne a afine projek in Cos in Cee ff pape i ci) ing +0 tne tolok tosh infos af Ine projed iy to The eh Inhow _in_aicess af pep: foretnet_a WA_at dre. projeds., ” Partiwlar a a é cf 2 (ost of ine prgjed. __5b,900 15000 00,000 Lid af tne Drijed. 194 Igy zy prot aftr dape ketperann 20,00 =v00 A100? pepriiatton charge od Style clagm basis Fen rake ppplicabl (sot) 4 gol) Pep= Orginal Snveghmen| a ennutth: cash, li oy works’ ng note’. : - Canna Cash inftoed'- Projed- A go ee profucfe Pepa 201000 Asooo Ae,0vg ery 7 (0) Dep 500 5000 «5000 pevofe be tre Den as 29000 wooo, GD ' a B i a yop goo . 1300? 7 ot eh $c So0dy) | Pep= = ee rot enna couh_pnnas — Profinet OD) tite_of proed 19 erceas of pop ——— Fe y ee : Zz (oe) p Sp is oat eps oly, oh. jeg 13 yb @) | ford (oh Infaw ab ne prdpeek “onal —cah infiay + .ps0008o a Sarovve Qo) WOKE => ASo,000 4 S000 20 200,000 Y (pr _ntu pate of PCP Qotad__osh Info ‘5 ® oe - Te avon hs ne lite =P Re Scrap _falue af dre_end af s™ year is. Guo. he musthine coyuired an _crdd for! vestind taf workiny capital ts Z 100,000, Drich 2 dre nd af tne 5” fea The. Is dre dacget vretums af on as and _ pf haf So)- tar beech me ve fatoola ae ne. dels a profd_prefere Do % Tar 2 90900 , 10,000, 200,000 , 1900 , Syb+ eudluae, me pret by using pe metnea.L3So00 lh 0,0°9hones will BAI 6 [oo 000 voMIS6/70 0 wa F$4928 C-) twettnet bo e000 y avon @rx7- Dete__f_|__ Page. Nov = 350,22 = 92720 © ss \ ! =7T4 D-H = ' : 7 L4orl2 = wel 2 = oO 892 aahlp. u elicy of cortdal B