0.020 1 2 3 4-1025 380 380 380 380 421.93690549622988-2

0.020
1
2
3
4-1025
380
380
380
380
421.93690549622988-2150
765
765
765
765
762.91245448583095340.975548989601070.05500000.250000200000.250
1
2
350000
50000
5000020000
20000
2000010000
10000
1000020000
20000
200005000
5000
500015000
15000
1500010000
10000
10000-50000
25000
25000
2500018081.2007342619620.08500001000020002390004.98500000000000030.20
1
2
346000
46000
460009000
9000
90009970
9970
997010000
10000
1000017030
17030
170303406
3406
340613624
13624
1362410000
10000
10000-50000
23624
23624
2362410881.3392267438830.40.08500001000020002390004.98500000000000030.20
1
2
327600
27600
276009000
9000
90005982
5982
598210000
10000
100002618
2618
2618523.6
523.6
523.62094.4
2094.4
2094.410000
10000
10000-50000
12094.4
12094.4
12094.4-18831.55819742925129712.897424173134CF
S
CF
L
NPV
WACC =
Potential value loss
Chapter 10 Problem 5
Chapter 11 Problem 4
Risk-adjusted WACC
Net Investment Cost
Depreciation Rate
Sales Revenues per Year
Operating Costs ex. Dep.
Tax Rate
Sales
Operating Costs
Depreciation
Taxes
Add back Depreciation
Free Cash Flow
Net Present Value
Chapter 11 Problem 5
WACC
Annual Depreciation
Number of Cars Washed
Average Price per Car
Fixed Operating Costs ex. Dep.
Variable Op. Costs per Car
Periods
Fixed Operating Costs
Variable Oper. Costs
Percentage Decline
in Number of Car Washes
Decline in NPV
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