Assumptions (Amounts in $ Thousands Unless Otherwise Indicated)
Initial Capital Expenditure	$ 9,000
Useful Life of Equipment	5
Annual Depreciation	$ 1,800
Sales in Year 1	$ 30,000
Sales Growth through Year 6	6%
Sales Growth Year 6 Onward	2%
Free Cash Flow Year 6 Onward	2%
Cost of Goods Sold (% of sales)	72%
Incremental SG&A Expense	$ 5,000
Market Research Expense	$ 500
Initial Net Working Capital	$ 6,000
Accounts Receivable % of Next Year Sales	15%
Inventory % of Next Year COGS	20%
Accounts Payable % of Next Year COGS	15%
Interest Expense	$ 1,000
Tax Rate	30%
Cost of Capital	20%