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Math solution of lease financing and investment banking
Typology: Exercises
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o
fo 13
Sp =
)
(En-a)
DË - Do^ (sta)
55
De 5 10). Di =DolH)
En = 6.50.
irn Qunnet moreet value
Nou
Now
2 (r12) (12) (12) G
4
26-1915)
S0 Vae=B58.^21
1 5
9074
24-8&
-296-
26 12 10-005) (u2)
Flo*(15e (1-05) = 2488
()
Termia tos(2)#(Hr)
26-
2612
14-4 17-
Tax
74000= A*
407
Tox liability 14147:687.
(H)
Net Cost of lease Lease 44T68 l4147-^68 1414768|44768|^ 4147-68^ 4i47^ 68|l4147-(
6
0 y0.^ ogt^ ot^ lease^ 408&
7
1
9905376
Net éot1414768^ 8488-61848-4||8428-6184861848R:6||^ 84861|1840-9^4692027
7500 7500
Ov 1tatA^ 7579)|676/06|64202^5 "394,6185^66 4900.59^ 800.74^ 40R20:^5 |2% 1414768
Yoon nate
3
6
20
10- |:52/. |52.
Pvolue 74000 74000 74000 74000 74000 74000
DeneciadiTa od vantae | 29680 i
i
472
I704.
7
ton
ay
44T
1447-
14477-4)
1447-
4477-42.
1447742
742-
54
59276754I
2026-
155)-
Trtenstpogmot
no-7)(t6c9.04)Qi74:44)620-4)
&57-09)(2505]
TPon
(5920)
Tax_dos Deon Valùeatot
44T-
5700134
2500-
998-
12147
pv4477.
50%
19
597287
5972
&
G1544|(349)
)
40
19r20. 4 ||:G21. "TA0TP tonpayGI7o
Pno Vo Net art 24006
4040
9400o
6170 1700
(6o0) Dop ABop 9978 7680 2917 A6o 2764-& 264- 6I 1406 TA oD 1920 (So0) B
1%
(^4 )
L500 |500 )500^7500
(^4664 8) 5573-08 (^) 5760-8|29561· 0595
inohae0t ctler -lax (^) @nchou ous 3 OOO (- '40) lo pv2752.29 2525 5 0ashrtlouw. 201000 5067 5967 5967 4 O97.15 5067 DO The^ nual^ ax^ ot^ rodenet^ expeNse^ ton^ eoch^ yeon Lon ayaeTrtenest^ Prineipk^ ErdioA 5184-72 5967 6 |Toteal' B
700 O DO67 I 2916552125:27 454).5)|4248.62.
1500
4000 10000t
Dep oD (ooo) 1 4 9200 b 17000 700 6 7000 5 |454)|9%0) otal |2800! 2400 (240) (4R0j^ Q6o)^ efiono)(840)^
I7000 I7000 85000
Anual,00062000ó 20 oo0 000 20/000 201000'
2
Lalvage Ne eost |
h&o0o) (o9 (Boo)(6oo9(Go0)
1324694
4200
-100D0D
.Net aost+^ of^ easíra
TAOme p40) 480) pGo)6990) e40)
Qo,000 |00,
(1020 4
6400 220024800
|2057077 7A
Gial
15120 624D^18480 446e-8836o
Do000)
-851,956372+ 255,406.914 lo,00,
A04050. (^54) jeape benafit
1300
e40)7440)
106065 = A
NpV
Net
3
oLg
pvo
lea0e. paym .
lase 30q48 30448 304489044830448
(Hn)
(^4 5) BGtal 152,24co (29) (2119) (217 (279) (27908) 048 18 249 8269 269 18269 (2lT)ias an449^16608 15 O%13195^ (2^47 T5420)^ got
ouonenhip
V= A /!
ean
(4n)
NOrtLÉng - o9^ -^ Amorcfocction^
ehedele
ntene
(11n)
32955
Jrtenyst PdincipleErdogb
4441 32935
i136085|21574 15 54164. 22995 8124-72248l
2035485
29354 85
he Amual^ (eaçe.^ Ttental
83:
A
tyucho
Duohanon
-7000- 10o 4
-||,
=70r00o -^ 79879.9,74O5lg-^
502o
50/
Gor00D (^10)
-l||445:
Hso000 4.
oQQein ed
(l10)
by punchae