1

2
3
4
5
6
7
8
9
10
11
12
13
14
15

4464.286
3985.969
3558.901
3177.59
2837.134
2533.156
2261.746
2019.416
1803.05
1609.866
1437.381
1283.375
1145.871
1023.099
913.4813
34054.32

-100
-200
-200
-60
-550
70
70
70
70
-70
420
-480

-945.678

production = 210
-100
-181.8181818
-165.2892562
-45.07888805
-375.6574005
43.46449261
39.5131751
35.92106828
32.65551661
-29.68683329
161.9281816
-584.0481256

-100
-200
-200
-60
-550
70
70
70
70
-70
420

-100
-200
-200
-60
-685
-65
-65
-65
-65
-205
420

-100
-200
-200
0
-625
-5
-5
-5
-5
-205
420

production =300
production =300
-100
-100
-200
-181.8181818
-200
-165.2892562
0
0
-625
-426.8834096
175
108.6612315
175
98.78293776
175
89.80267069
175
81.63879154
-25
-10.60244046
600
231.3259737
150
-274.3816829
accounting profit NVA

0
1
2
3
4

-1000000
-1000000
371739
309782.5
371739 258152.083
371739 215126.736
371739
179272.28
486956 -37666.4005

-1000000 -1000000
297391.2 309782.5
237912.96 258152.1
190330.368
152264.2944
-122101.1776 -432065
part a