Explain restatement of investment appraisal, Financial Management

Assignment Help:

Restatement of investment appraisal

In the following solution the tax allowances in relation to the initial outlay on equipment are evaluated separately. Other approaches are adequate. The tax-adjusted cost of the capital expenditure is able to be found by deducting the present value of the tax savings generated by exploiting the writing-down allowance from the initial outlay. It is supposed that the available allowances can be set off against profits immediately that is beginning in the financial year in which the acquisition of the asset occurs. This acquiesce five sets of WDAs as the project straddles five tax years. The solution presumes no scrap values.

713_restatement of investment appraisal.png

Present value of tax savings = 178 i.e., $178000

The effective cost of the equipment is as

[Nominal outlay - present value of tax savings]

= [$900,000 - $178,000]

= $722,000.

The cash flow profile is as

651_restatement of investment appraisal 1.png

 

NPV = + 357 i.e., $357000

Recommendation

Therefore the equipment purchase is acceptable and should be undertaken although an analysis of its risk is as well recommended.


Related Discussions:- Explain restatement of investment appraisal

Explain the financial accounting techniques, Question 1: (a) Explain f...

Question 1: (a) Explain fully the following financial accounting techniques: i. Cash accounting ii. Accrual accounting iii. Fund accounting iv. B

Manage an assignment, Manage a project or clearly defined piece of work fro...

Manage a project or clearly defined piece of work from beginning to end. This may include setting up a budgetary system.

Determine current cost of equity, Your task is to determine CDW's current c...

Your task is to determine CDW's current cost of equity. Since the company is not yet publicly traded , you need to estimate its cost of equity from a set of comparable companies. U

Estimate the money in dollars have lost or gained, In January 2010 your fir...

In January 2010 your firm bought from an Italian firm goods payable in Euros worth EU2,000,000.  Suppose that at that time the exchange rate of the Euros was 1EU=$1.25.  Because th

Explain the difference between cash and profit, Explain the Difference betw...

Explain the Difference between cash and profit Cash flow statement shows all the cash in and cash out for the organisation for that period. It demonstrates the cash generating

Explain net present value method, Q. Explain Net Present Value Method? ...

Q. Explain Net Present Value Method? Net Present Value (NPV) Method: - This process measures the Present value of returns per rupee invested. In this method present value of

Calculate the standard deviation , The attached file (MFR & FFM Ass Returns...

The attached file (MFR & FFM Ass Returns Data.xls) gives 132 months returns for thirty securities drawn from the FT ALL share index as well as the returns on the FT ALL share index

Valuation using treasury spot rates, To understand how treasury spot ...

To understand how treasury spot rates are used to calculate the arbitrage-free value of the treasury security, we will take imaginary treasury spot rates (given i

Why business spend time, Why do businesses spend time, effort, and money to...

Why do businesses spend time, effort, and money to produce forecasts?  Explain. Businesses succeed or fail relies on how well organized they are to deal with the situations they

Explain the term- market penetration, Explain the term- Market penetration ...

Explain the term- Market penetration A strategy which pursues to increase sales of existing services or products to the same market. Price reduction strategies Aggre

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd