PPE 1000 PPE 1000

Depr. 200 Deprc -800 NWC

PPE sold Y4 290 NBV 200 Change
Rev 480 Sold for 290
COGS 220 Gain on sal 90
NWC at Y0 65
NWC Y1-4 96
T 35%

0 1 2 3 4
Rev 480 480 480 480
COGS -220 -220 -220 -220
Depr -200 -200 -200 -200
Gain on sale 90
EBIT 60 60 60 150
-EBITxtax -21 -21 -21 -52.5
Add depr 200 200 200 200
-Change NWC -65 -31 0 0 96
-Capex -1000
-Gain on sale -90
+Sale of PPE 290
FCF -1065 208 239 239 593.5
 0 1 2 3 4
65 96 96 96 0
65 31 0 0 -96