650,000 6% Select a yearly amount between Select a growth rate between Select a rate between Select a tax rate between Select a tax rate between $400,000 4% 80% 22% 10% and and and and and $800,000 8% 90% 28% 15% 5200% 25% 11% Vala Sales year 2021 Sales Growth Rate Fixed cost (% of sales) Tax Rate 1 NWC as percentage of Sales 2 3 Equipment Cost att 0 4 Installation Costs at t=0 5 Resale Value at t = 5 16 Ending Book Value 7 18 Sales Projection 19 20 Sales Projection 21 22 23 Net Working Capital Cash Flows 24 25 Required NWC 26 Change in NWC 27 $ $ $ $ 208,000 16,640 41,600 22.464 2021 1 650,000 2022 2 2023 3 2024 4 0 2025 5 $ 2021 1 2022 2 2023 3 0 2024 4 2025 5