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    Project 1 - Match My Doll Clothing Line: WC Assumption: 2010 2011 2012 2013 2014 2015

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    rohit
    The document summarizes financial projections for two projects - a doll clothing line project (Project 1) and a make your own doll project (Project 2). It shows projections for revenue, costs, profits, cash flows and working capital for both projects from 2010 to 2020. The net present value (NPV) and internal rate of return (IRR) are also provided, showing both projects have positive NPV and meet the minimum required return.

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    Project 1 - Match My Doll Clothing Line: WC Assumption: 2010 2011 2012 2013 2014 2015

    Uploaded by

    rohit
    58 views4 pages
    The document summarizes financial projections for two projects - a doll clothing line project (Project 1) and a make your own doll project (Project 2). It shows projections for revenue, costs, profits, cash flows and working capital for both projects from 2010 to 2020. The net present value (NPV) and internal rate of return (IRR) are also provided, showing both projects have positive NPV and meet the minimum required return.

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    jji

    Original Title

    18P043_CorpfinAssignment

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    The document summarizes financial projections for two projects - a doll clothing line project (Project 1) and a make your own doll project (Project 2). It shows projections for revenue, costs, profits, cash flows and working capital for both projects from 2010 to 2020. The net present value (NPV) and internal rate of return (IRR) are also provided, showing both projects have positive NPV and meet the minimum required return.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    58 views4 pages

    Project 1 - Match My Doll Clothing Line: WC Assumption: 2010 2011 2012 2013 2014 2015

    Uploaded by

    rohit
    The document summarizes financial projections for two projects - a doll clothing line project (Project 1) and a make your own doll project (Project 2). It shows projections for revenue, costs, profits, cash flows and working capital for both projects from 2010 to 2020. The net present value (NPV) and internal rate of return (IRR) are also provided, showing both projects have positive NPV and meet the minimum required return.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 4

    Project 1 - Match My Doll Clothin

    2010 2011 2012 2013 2014 2015


    Revenue 0 4500 6860 8409 9082 9808
    Revenue Growth 52.4% 22.6% 8.0% 8.0%
    Production Costs
    Fixed Production Expense 575 575 587 598 610
    Variable Production Costs 2035 3404 4291 4669 5078
    Depreciation 152 152 152 152 164
    Total Production Costs 0 2762 4131 5030 5419 5852
    SG&A 1250 1155 1735 2102 2270 2452
    Total Operating Expenses 1250 3917 5866 7132 7689 8304

    Operating Profit -1250 583 994 1277 1393 1504


    40% Taxes -500 233 398 511 557 602
    After Tax EBIT -750 350 596 766 836 902
    + Depreciation 0 152 152 152 152 164
    - Capex 1470 952 152 152 334 361
    - Change in WC 800 93 427 87 113 121
    Cash Flow to Firm -3020 -543 170 679 541 584

    NPV 5498.07
    IRR 21.0%
    Discount Rate 8.4%

    WC Assumption: 2010 2011 2012 2013 2014 2015


    Min Cash Balance 3% 3% 3% 3% 3%
    Days Sales O/S 59.2 59.2 59.2 59.2 59.2
    Inventory T/O 7.7 8.3 12.7 12.7 12.7
    Days Payables O/S 30.8 30.9 31 31 31
    Days Inventory O/S 46.8 43.4 28.3 28.3 28.3
    Cash Conversion Cycle 75.2 71.7 56.5 56.5 56.5

    WC Assumption: 2010 2011 2012 2013 2014 2015


    Min Cash Balance (% of Sales) 135.0 205.8 252.3 272.5 294.2
    Receivables 729.9 1112.6 1363.9 1473.0 1590.8
    Inventory 358.7 497.7 396.1 426.7 460.8
    Payables 330.5 496.6 605.7 653.0 705.3
    Total 800 893.0 1319.5 1406.5 1519.1 1640.5
    Project 2 - Make your Own D
    2010 2011 2012 2013 2014 2015
    Revenue 0 0 6000 14360 20222 21435
    Revenue Growth 139.3% 40.8% 6.0%
    Production Costs
    Fixed Production Expense 0 1650 1683 1717 1751
    Variable Production Costs 0 2250 7651 11427 12182
    Depreciation 0 310 310 310 436
    Total Production Costs 0 0 4210 9644 13454 14369
    SG&A 1201 0 1240 2922 4044 4287
    Total Operating Expenses 1201 0 5450 12566 17498 18656

    Operating Profit -1201 0 550 1794 2724 2779


    40% Taxes -480.4 0 220 718 1090 1112
    After Tax EBIT -720.6 0 330 1076 1634 1667
    + Depreciation 0 0 310 310 310 436
    - Capex 4610 0 310 310 2192 826
    - Change in WC - 1,000 -9 1,367 963 198
    Cash Flow to Firm -5331 -1000 339 -291 -1210 1080

    NPV 5037.15
    IRR 15.6%
    Discount Rate 9.0%

    WC Assumption: 2010 2011 2012 2013 2014 2015


    Min Cash Balance (% of Sales) 3% 3% 3% 3% 3%
    Days Sales O/S (Days) 59.2 59.2 59.2 59.2 59.2
    Inventory T/O (Times) 12.2 12.3 12.6 12.7 12.7
    Days Payables O/S (Days) 33.7 33.8 33.9 33.9 33.9
    Days Inventory O/S (Days) 29.508197 29.26829 28.57143 28.34646 28.34646
    Cash Conversion Cycle 55.008197 54.66829 53.87143 53.64646 53.64646

    WC Requirement: 2010 2011 2012 2013 2014 2015


    Min Cash Balance (% of Sales) 180.0 430.8 606.7 643.1
    Receivables 973.2 2329.1 3279.8 3476.6
    Inventory 342.3 765.4 1059.4 1131.4
    Payables 504.7 1167.1 1625.2 1732.7
    Total 1000.0 990.7 2358.2 3320.7 3518.3
    Doll Clothing Line
    2016 2017 2018 2019 2020 Terminal Value
    10593 11440 12355 13344 14411
    8.0% 8.0% 8.0% 8.0% 8.0%

    622 635 648 660 674


    5521 6000 6519 7079 7685
    178 192 207 224 242
    6321 6827 7374 7963 8601
    2648 2860 3089 3336 3603
    8969 9687 10463 11299 12204

    1624 1753 1892 2045 2207


    650 701 757 818 883
    974 1052 1135 1227 1324
    178 192 207 224 242
    389 421 454 491 530
    131 142 153 165 178
    632 681 735 795 858 13670.52

    2016 2017 2018 2019 2020


    3% 3% 3% 3% 3%
    59.2 59.2 59.2 59.2 59.2
    12.7 12.7 12.7 12.7 12.7
    31 31 31 31 31
    28.3 28.3 28.3 28.3 28.3
    56.5 56.5 56.5 56.5 56.5

    2016 2017 2018 2019 2020


    317.8 343.2 370.7 400.3 432.3
    1718.1 1855.5 2003.9 2164.3 2337.3
    497.7 537.6 580.6 627.0 677.2
    761.8 822.7 888.6 959.6 1036.5
    1771.9 1913.5 2066.5 2232.0 2410.4
    your Own Doll
    2016 2017 2018 2019 2020 Terminal Value
    22721 24084 25529 27061 28685
    6.0% 6.0% 6.0% 6.0% 6.0%

    1786 1822 1858 1895 1933


    12983 13833 14736 15694 16712
    462 490 520 551 584
    15231 16145 17114 18140 19229
    4544 4817 5106 5412 5737
    19775 20962 22220 23552 24966

    2946 3122 3309 3509 3719


    1178 1249 1324 1404 1488
    1768 1873 1985 2105 2231
    462 490 520 551 584
    875 928 983 1043 1105
    211 224 237 252 267
    1143 1212 1285 1362 1444 21039.11

    2016 2017 2018 2019 2020


    3% 3% 3% 3% 3%
    59.2 59.2 59.2 59.2 59.2
    12.7 12.7 12.7 12.7 12.7
    33.9 33.9 33.9 33.9 33.9
    28.34646 28.34646 28.34646 28.34646 28.34646
    53.64646 53.64646 53.64646 53.64646 53.64646

    2016 2017 2018 2019 2020


    681.6 722.5 765.9 811.8 860.6
    3685.2 3906.2 4140.6 4389.1 4652.5
    1199.3 1271.3 1347.6 1428.3 1514.1
    1836.6 1946.9 2063.7 2187.4 2318.8
    3729.4 3953.1 4190.3 4441.8 4708.4

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