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Assignment One

Student Name: _Himanshu Porwal___________Student Number :____500504961________

Please note the following:

* If you make any assumptions to solve the problem, clearly state them at the beginning of the solution and explain the reason. * You should do all of the problems in excel. Please make certain that you can solve the problems using a financial calculator as well. * REMINDER: This problem set is due at the start of September 17th, 2012. * The assignment is to be done individually.

Problem 1: Purchase Decision (25 marks)
ABC Inc. is considering buying a bottling machine for $6,000,000. It will have a useful life of 5 years and a salvage value of $1,224,510. The machine has a required rate of return is 12% and the company has a corporate tax rate of 40%. The CCA rate is 30%. ABC Inc. would need to invest $50,000 in initial net working . Thereafter operating net working capital will be 12% of sales. The company believes that it can sell 150,000 units per year. Variable Cost per unit will be $12, and the price per unit will be $30. The fixed cost per year will be $200,000. The company requires that all projects have a payback period of 2 years or less and a discounted payback period of 2.5 years or less.

a) Calculate the exact Payback Period
1 year b) Calculate the discounted Payback Period.
3.92 year c) Calculate the IRR of the machine.
13.1%
d) Calculate the NPV.
$151,539
e) Calculate the Profitability Index associated with the project.
1.03
f) Should ABC Inc purchase the machine based on the results from a), b), c) d) and e)?
Accept the Project since NPV is >0

Problem 2: Sensitivity and Scenario Analysis (15 marks)
Making use of the excel spreadsheet we created in class answer you are to perform a sensitivity analysis and a scenario analysis.
You are to perform sensitivity

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