AMG AbdullahAhmed Group4
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AMG Le Group 4 Abdulla Rida Sh Ahsan M Muhamma
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Transcript of AMG AbdullahAhmed Group4
AMG Lease Vs Buy
Group 4Abdullah Ahmed, 16110069Rida Shahzad AzamAhsan Mahmood Butt, 15110231Muhammad Waqas Arif, 16110171
AMG Lease Vs Buy
Group 4Abdullah Ahmed, 16110069Rida Shahzad AzamAhsan Mahmood Butt, 15110231Muhammad Waqas Arif, 16110171
AMG Lease Vs Buy
Lease Terms are valid through March 31, 2002
36 Months Leaseline( Monthly or Quarrterly Takedowns Billed Monthly)
Hardware Lease Rate Factor 0.0311Software Lease Rate Factor 0.0329
24 Months Leaseline( Monthly or Quarrterly Takedowns Billed Monthly)
Hardware Lease Rate Factor 0.04Software Lease Rate Factor 0.0462
Tax rate 0.34
Cost AmountHardware $ 750.00 Software $ 250.00 1 unit $ 1,000.00
Hardware Depriciation Secedule ( for placed in serice halfway through the fist year) Year 0 Year 1 Year 2 Year 3 Year 4
Depricication $ - $ 150.00 $ 240.00 $ 144.000 $ 86.40 Total depriciation $ - $ 150.00 $ 390.00 $ 534.00 $ 620.40
Cost of Capital for AMG36-Month hardware 8% 24-Month hardware36-Month software 12% 24-Month software
Software Depriciation Secedule ( for placed in serice halfway through the fist year) Year 0 Year 1 Year 2 Year 3 Year 4
Depricication $ - $ 50.00 $ 50.00 $ 50.00 $ 50.00 Total depriciation $ - $ 50.00 $ 100.00 $ 150.00 $ 200.00
Hardware Depriciation Secedule ( for placed in serice halfway through the fist year) Year 5 Year 6 $ 86.40 $ 43.20 $ 706.80 $ 750.00
Cost of Capital for AMG7%
11%
Software Depriciation Secedule ( for placed in serice halfway through the fist year) Year 5 $ 50.00 $ 250.00
Exhibit 2 PC Rollout Schedule for AMG, Inc
2002Location Mar April May June JulyLeased desktopsSeattle 200Los Angeles 45 54 10ChicagoNew York 34 12 54Detroit 324Boston 32Washington DC 22 5San Francisco
Purchased desktopsSeattle 66 65Los Angeles 123 32 56 34 34Chicago 32New York 200 2 234 12Detroit 5 350 3Boston 10 5 7Washington DC 70 54 4San Francisco
Total desktops/Month 573 179 991 271 176
Exhibit 2 PC Rollout Schedule for AMG, Inc
2002 2003Aug Sept Oct Nov Dec Jan Feb Total/Location
350 4 554150 65 234 123 681
60 72 13243 76 45 3 26723 456 231 1034
45 65 4 14654 8135 4 39
5 54 45 34 26964 3 34 233 65 54 34 766
326 206 34 456 34 234 14186 364
56 42 243 324 687273 543 34 3 981
57 34 91
788 174 685 1891 660 194 960
NPV ANALSIS
Method NPV24RM £5,211,56324RQ £5,205,24436RM £5,726,97336RQ £5,694,40224CM £3,847,67424CQ £3,664,14136CM £4,824,43136CQ £4,686,003BUY £5,360,946
Rollout Schedule 2012
March April May JunePurchase 67 93 578 0Lease 506 86 413 271Total 573 179 991 271
Cost for Hardware 429,750 134,250 743,250 203,250 Cost for Software 143,250 44,750 247,750 67,750 Total Cost 573,000 179,000 991,000 271,000
Lease Billing 2012
March April May JuneHardware PaymentsMarch $ 17,190 $ 17,190 $ 17,190 April $ 5,370 $ 5,370 May $ 29,730 JuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryDep Tax Shield Outflow 2435.25 3196 7407.75 8559.5Software PaymentsMarch $ 6,618.15 $ 6,618.15 $ 6,618.15 April $ 2,067.45 $ 2,067.45 May $ 11,446.05 JuneJulyAugustSeptemberOctoberNovemberDecember
JanuaryFebruaryDep Tax Shied Outflow 811.75 1065.333333333 2469.25 2853.166666667
Lease Payments 2012
March April May JuneHardware $ 2,435.25 $ 20,386.00 $ 29,967.75 $ 60,849.50 Tax Shield $ 827.99 $ 6,931.24 $ 10,189.04 $ 20,688.83 Net Cash Flow $ 1,607.26 $ 13,454.76 $ 19,778.72 $ 40,160.67
Software $ 811.75 $ 7,683.48 $ 11,154.85 $ 22,984.82 Tax Shield $ 276.00 $ 2,612.38 $ 3,792.65 $ 7,814.84 Net Cash Flow $ 535.76 $ 5,071.10 $ 7,362.20 $ 15,169.98
NPVHardware $3,883,086.29 Software $1,328,476.68
Total $5,211,562.98
24 Rolling Monthly
2012
July August September October November December54 655 110 76 804 60
122 133 64 609 1087 600176 788 174 685 1891 660
132,000 591,000 130,500 513,750 1,418,250 495,000 44,000 197,000 43,500 171,250 472,750 165,000 176,000 788,000 174,000 685,000 1,891,000 660,000
2012
July August September October November December
$ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130
$ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 23,640
$ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550
$ 56,730
9307.5 12656.5 13396 16307.25 24344 27149
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05
$ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40
$ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75
$ 21,841.05
3102.5 4218.833333333 4465.333333333 5435.75 8114.666666667 9049.666666667
2012
July August September October November December $ 69,727.50 $ 78,356.50 $ 102,736.00 $ 110,867.25 $ 139,454.00 $ 198,989.00 $ 23,707.35 $ 26,641.21 $ 34,930.24 $ 37,694.87 $ 47,414.36 $ 67,656.26 $ 46,020.15 $ 51,715.29 $ 67,805.76 $ 73,172.39 $ 92,039.64 $ 131,332.74
$ 26,364.20 $ 29,513.33 $ 38,861.23 $ 41,841.35 $ 52,432.02 $ 75,208.07 $ 8,963.83 $ 10,034.53 $ 13,212.82 $ 14,226.06 $ 17,826.89 $ 25,570.74 $ 17,400.37 $ 19,478.80 $ 25,648.41 $ 27,615.29 $ 34,605.13 $ 49,637.32
2013
January February Hardware Cost $ 750 72 365 Software Cost $ 250
122 595 24 month194 960 HD Lease Factor 0.04
SW lease Factor 0.0462 145,500 720,000 36 month 48,500 240,000 HD Lease Factor 0.0311 194,000 960,000 SW lease Factor 0.0329
2013
January February March April May June
$ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800
$ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 28,800 $ 28,800 $ 28,800 $ 28,800
27973.5 32053.5 33514.65 33971.1 36498.15 37189.2
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00
$ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00
9324.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
January February March April May June $ 219,613.50 $ 229,513.50 $ 259,774.65 $ 260,231.10 $ 262,758.15 $ 263,449.20 $ 74,668.59 $ 78,034.59 $ 88,323.38 $ 88,478.57 $ 89,337.77 $ 89,572.73 $ 144,944.91 $ 151,478.91 $ 171,451.27 $ 171,752.53 $ 173,420.38 $ 173,876.47
$ 83,105.90 $ 86,706.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 28,256.01 $ 29,480.24 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 54,849.89 $ 57,226.36 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 64,544.44
0.2 0.016666666667 0.340.32 0.026666666667
0.192 0.0160.1152 0.00960.1152 0.00960.0576 0.0048
2013
July August September October November December
$ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800
37638 39647.4 40091.1 41837.85 46659.9 48342.9
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00
$ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
July August September October November December $ 263,898.00 $ 265,907.40 $ 266,351.10 $ 268,097.85 $ 272,919.90 $ 274,602.90 $ 89,725.32 $ 90,408.52 $ 90,559.37 $ 91,153.27 $ 92,792.77 $ 93,364.99 $ 174,172.68 $ 175,498.88 $ 175,791.73 $ 176,944.58 $ 180,127.13 $ 181,237.91
$ 97,794.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 64,544.44
2014
January February March April May June
$ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800
48837.6 51285.6 49727.04 49240.16 46544.64 45807.52
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00
$ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2014
January February March April May June $ 275,097.60 $ 277,545.60 $ 275,987.04 $ 258,310.16 $ 250,244.64 $ 219,777.52 $ 93,533.18 $ 94,365.50 $ 93,835.59 $ 87,825.45 $ 85,083.18 $ 74,724.36 $ 181,564.42 $ 183,180.10 $ 182,151.45 $ 170,484.71 $ 165,161.46 $ 145,053.16
$ 97,794.60 $ 97,794.60 $ 97,794.60 $ 91,176.45 $ 89,109.00 $ 77,662.95 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 30,999.99 $ 30,297.06 $ 26,405.40 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 60,176.46 $ 58,811.94 $ 51,257.55
2014
July August September October November December
$ 5,280 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800
45328.8 43185.44 42712.16 40848.96 35705.44 33910.24
$ 2,032.80 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00
$ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2014
July August September October November December $ 211,168.80 $ 203,745.44 $ 179,632.16 $ 172,548.96 $ 146,855.44 $ 88,330.24 $ 71,797.39 $ 69,273.45 $ 61,074.93 $ 58,666.65 $ 49,930.85 $ 30,032.28 $ 139,371.41 $ 134,471.99 $ 118,557.23 $ 113,882.31 $ 96,924.59 $ 58,297.96
$ 74,532.90 $ 72,500.10 $ 63,398.70 $ 61,389.00 $ 53,477.25 $ 31,636.20 $ 25,341.19 $ 24,650.03 $ 21,555.56 $ 20,872.26 $ 18,182.27 $ 10,756.31 $ 49,191.71 $ 47,850.07 $ 41,843.14 $ 40,516.74 $ 35,294.99 $ 20,879.89
2015
January February
$ 5,820 $ 28,800 $ 28,800
33382.56 30771.36
$ 2,240.70 $ 11,088.00 $ 11,088.00
10684.5 10684.5
2015
January February $ 68,002.56 $ 59,571.36 $ 23,120.87 $ 20,254.26 $ 44,881.69 $ 39,317.10
$ 24,013.20 $ 21,772.50 $ 8,164.49 $ 7,402.65 $ 15,848.71 $ 14,369.85
24 Rolling Quaterly
Rollout Schedule 2012
March April May JunePurchase 67 93 578 0Lease 506 86 413 271Total 573 179 991 271
Cost for Hardware 429,750 134,250 743,250 203,250 Cost for Software 143,250 44,750 247,750 67,750 Total Cost 573,000 179,000 991,000 271,000
Lease Billing 2012
March April May JuneHardware PaymentsMarch $ 17,190 $ 17,190 $ 17,190 AprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryDep Tax Shield Outflow 2435.25 3196 7407.75 8559.5
Software PaymentsMarch $ 6,618.15 $ 6,618.15 $ 6,618.15 AprilMayJuneJulyAugustSeptemberOctoberNovember
DecemberJanuaryFebruary
Dep Tax Shield Outflow 811.75 1065.333333333 2469.25 2853.166666667
Lease Payments 2012
March April May JuneHardware $ 2,435.25 $ 20,386.00 $ 24,597.75 $ 25,749.50 Tax Shield $ 827.99 $ 6,931.24 $ 8,363.24 $ 8,754.83 Net Cash Flow $ 1,607.26 $ 13,454.76 $ 16,234.52 $ 16,994.67
Software $ 811.75 $ 7,683.48 $ 9,087.40 $ 9,471.32 Tax Shield $ 276.00 $ 2,612.38 $ 3,089.72 $ 3,220.25 Net Cash Flow $ 535.76 $ 5,071.10 $ 5,997.68 $ 6,251.07
NPVHardware $3,881,562.96 Software $1,323,681.18
Total $5,205,244.14
July August September October November December54 655 110 76 804 60
122 133 64 609 1087 600176 788 174 685 1891 660
132,000 591,000 130,500 513,750 1,418,250 495,000 44,000 197,000 43,500 171,250 472,750 165,000 176,000 788,000 174,000 685,000 1,891,000 660,000
2012
July August September October November December
$ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130
$ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220
9307.5 12656.5 13396 16307.25 24344 27149
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05
$ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70
3102.5 4218.833333333 4465.333333333 5435.75 8114.666666667 9049.666666667
2012
July August September October November December $ 69,727.50 $ 73,076.50 $ 73,816.00 $ 110,867.25 $ 118,904.00 $ 121,709.00 $ 23,707.35 $ 24,846.01 $ 25,097.44 $ 37,694.87 $ 40,427.36 $ 41,381.06 $ 46,020.15 $ 48,230.49 $ 48,718.56 $ 73,172.39 $ 78,476.64 $ 80,327.94
$ 26,364.20 $ 27,480.53 $ 27,727.03 $ 41,841.35 $ 44,520.27 $ 45,455.27 $ 8,963.83 $ 9,343.38 $ 9,427.19 $ 14,226.06 $ 15,136.89 $ 15,454.79 $ 17,400.37 $ 18,137.15 $ 18,299.84 $ 27,615.29 $ 29,383.38 $ 30,000.48
2013
January February Hardware Cost $ 750 72 365 Software Cost $ 250
122 595 24 month194 960 HD Lease Factor 0.04
SW lease Factor 0.0462 145,500 720,000 36 month 48,500 240,000 HD Lease Factor 0.0311 194,000 960,000 SW lease Factor 0.0329
2013
January February March April May June
$ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800
$ 5,820 $ 5,820 $ 5,820 $ 28,800 $ 28,800 $ 28,800
27973.5 32053.5 33514.65 33971.1 36498.15 37189.2
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05
$ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 11,088.00 $ 11,088.00 $ 11,088.00
9324.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
January February March April May June $ 219,613.50 $ 223,693.50 $ 225,154.65 $ 260,231.10 $ 262,758.15 $ 263,449.20 $ 74,668.59 $ 76,055.79 $ 76,552.58 $ 88,478.57 $ 89,337.77 $ 89,572.73 $ 144,944.91 $ 147,637.71 $ 148,602.07 $ 171,752.53 $ 173,420.38 $ 173,876.47
$ 83,105.90 $ 84,465.90 $ 84,465.90 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 28,256.01 $ 28,718.41 $ 28,718.41 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 54,849.89 $ 55,747.49 $ 55,747.49 $ 64,544.44 $ 64,544.44 $ 64,544.44
0.2 0.016666666667 0.340.32 0.026666666667
0.192 0.0160.1152 0.00960.1152 0.00960.0576 0.0048
2013
July August September October November December
$ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800
37638 39647.4 40091.1 41837.85 46659.9 48342.9
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05
$ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
July August September October November December $ 263,898.00 $ 265,907.40 $ 266,351.10 $ 268,097.85 $ 272,919.90 $ 274,602.90 $ 89,725.32 $ 90,408.52 $ 90,559.37 $ 91,153.27 $ 92,792.77 $ 93,364.99 $ 174,172.68 $ 175,498.88 $ 175,791.73 $ 176,944.58 $ 180,127.13 $ 181,237.91
$ 97,794.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 64,544.44
2014
January February March April May June
$ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800
48837.6 51285.6 49727.04 49240.16 46544.64 45807.52
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05
$ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2014
January February March April May June $ 275,097.60 $ 277,545.60 $ 275,987.04 $ 258,310.16 $ 255,614.64 $ 254,877.52 $ 93,533.18 $ 94,365.50 $ 93,835.59 $ 87,825.45 $ 86,908.98 $ 86,658.36 $ 181,564.42 $ 183,180.10 $ 182,151.45 $ 170,484.71 $ 168,705.66 $ 168,219.16
$ 97,794.60 $ 97,794.60 $ 97,794.60 $ 91,176.45 $ 91,176.45 $ 91,176.45 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 30,999.99 $ 30,999.99 $ 30,999.99 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 60,176.46 $ 60,176.46 $ 60,176.46
2014
July August September October November December
$ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800
45328.8 43185.44 42712.16 40848.96 35705.44 33910.24
$ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05
$ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2014
July August September October November December $ 211,168.80 $ 209,025.44 $ 208,552.16 $ 172,548.96 $ 167,405.44 $ 165,610.24 $ 71,797.39 $ 71,068.65 $ 70,907.73 $ 58,666.65 $ 56,917.85 $ 56,307.48 $ 139,371.41 $ 137,956.79 $ 137,644.43 $ 113,882.31 $ 110,487.59 $ 109,302.76
$ 74,532.90 $ 74,532.90 $ 74,532.90 $ 61,389.00 $ 61,389.00 $ 61,389.00 $ 25,341.19 $ 25,341.19 $ 25,341.19 $ 20,872.26 $ 20,872.26 $ 20,872.26 $ 49,191.71 $ 49,191.71 $ 49,191.71 $ 40,516.74 $ 40,516.74 $ 40,516.74
2015
January February March
$ 5,820 $ 5,820 $ 5,820 $ 28,800 $ 28,800 $ 28,800
33382.56 30771.36 29836.224
$ 2,240.70 $ 2,240.70 $ 2,240.70 $ 11,088.00 $ 11,088.00 $ 11,088.00
10684.5 10684.5 10684.5
2015
January February March $ 68,002.56 $ 65,391.36 $ 64,456.22 $ 23,120.87 $ 22,233.06 $ 21,915.12 $ 44,881.69 $ 43,158.30 $ 42,541.11
$ 24,013.20 $ 24,013.20 $ 24,013.20 $ 8,164.49 $ 8,164.49 $ 8,164.49 $ 15,848.71 $ 15,848.71 $ 15,848.71
Rollout Schedule 2012
March April May JunePurchase 67 93 578 0Lease 506 86 413 271Total 573 179 991 271
Cost for Hardware 429,750 134,250 743,250 203,250 Cost for Software 143,250 44,750 247,750 67,750 Total Cost 573,000 179,000 991,000 271,000
Lease Billing 2012
March April May JuneHardware PaymentsMarch $ 13,365 $ 13,365 $ 13,365 April $ 4,175 $ 4,175 May $ 23,115 JuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryDep Tax Shield Outflow 2435.25 3196 7407.75 8559.5
Software PaymentsMarch $ 4,712.93 $ 4,712.93 $ 4,712.93 April $ 1,472.27 $ 1,472.27 May $ 8,150.97 JuneJulyAugustSeptemberOctoberNovember
DecemberJanuaryFebruaryDep Tax Shield Outflow 811.75 1065.333333333 2469.25 2853.166666667
Lease Payments 2012
March April May JuneTotal Hardware Payment 2435.25 16561.225 24948.15 49214.975Tax Shield $ 827.99 $ 5,630.82 $ 8,482.37 $ 16,733.09 Net Cash Flow $ 1,607.26 $ 10,930.41 $ 16,465.78 $ 32,481.88
Total Software Payment 811.75 5778.258333333 8654.45 17189.34166667Tax Shield $ 276.00 $ 1,964.61 $ 2,942.51 $ 5,844.38 Net Cash Flow $ 535.76 $ 3,813.65 $ 5,711.94 $ 11,344.97
NPVHardware $4,353,553.69 Software $1,373,418.93
Total $5,726,972.61
36 Rolling Monthly
July August September October November December54 655 110 76 804 60
122 133 64 609 1087 600176 788 174 685 1891 660
132,000 591,000 130,500 513,750 1,418,250 495,000 44,000 197,000 43,500 171,250 472,750 165,000 176,000 788,000 174,000 685,000 1,891,000 660,000
2012
July August September October November December
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321
$ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380
$ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978
$ 44,108
9307.5 12656.5 13396 16307.25 24344 27149
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98
$ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30
$ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13
$ 15,553.47
3102.5 4218.833333333 4465.333333333 5435.75 8114.666666667 9049.666666667
2012
July August September October November December56284.05 63738.25 82857.85 89827.65 113842.025 160754.6
$ 19,136.58 $ 21,671.01 $ 28,171.67 $ 30,541.40 $ 38,706.29 $ 54,656.56 $ 37,147.47 $ 42,067.24 $ 54,686.18 $ 59,286.25 $ 75,135.74 $ 106,098.04
19667.65 22231.58333333 28959.38333333 31360.95 39673.99166667 56162.46666667 $ 6,687.00 $ 7,558.74 $ 9,846.19 $ 10,662.72 $ 13,489.16 $ 19,095.24 $ 12,980.65 $ 14,672.84 $ 19,113.19 $ 20,698.23 $ 26,184.83 $ 37,067.23
2013
January February Hardware Cost $ 750 72 365 Software Cost $ 250
122 595 24 month194 960 HD Lease Factor 0.04
SW lease Factor 0.0462 145,500 720,000 36 month 48,500 240,000 HD Lease Factor 0.0311 194,000 960,000 SW lease Factor 0.0329
2013
January February March April May June
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395
$ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392
27973.5 32053.5 33514.65 33971.1 36498.15 37189.2
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47
$ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65
$ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 9324.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
January February March April May June176973.6 185578.65 209431.8 209888.25 212415.3 213106.35
$ 60,171.02 $ 63,096.74 $ 71,206.81 $ 71,362.01 $ 72,221.20 $ 72,456.16 $ 116,802.58 $ 122,481.91 $ 138,224.99 $ 138,526.25 $ 140,194.10 $ 140,650.19
61865.8 64821.45 72717.45 72717.45 72717.45 72717.45 $ 21,034.37 $ 22,039.29 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 40,831.43 $ 42,782.16 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52
0.2 0.016666666667 0.340.32 0.026666666667
0.192 0.0160.1152 0.00960.1152 0.00960.0576 0.0048
2013
July August September October November December
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
37638 39647.4 40091.1 41837.85 46659.9 48342.9
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47
$ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
July August September October November December213555.15 215564.55 216008.25 217755 222577.05 224260.05
$ 72,608.75 $ 73,291.95 $ 73,442.81 $ 74,036.70 $ 75,676.20 $ 76,248.42 $ 140,946.40 $ 142,272.60 $ 142,565.45 $ 143,718.30 $ 146,900.85 $ 148,011.63
72717.45 72717.45 72717.45 72717.45 72717.45 72717.45 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52
2014
January February March April May June
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
48837.6 51285.6 49727.04 49240.16 46544.64 45807.52
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47
$ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2014
January February March April May June224754.75 227202.75 225644.19 225157.31 222461.79 221724.67
$ 76,416.62 $ 77,248.94 $ 76,719.02 $ 76,553.49 $ 75,637.01 $ 75,386.39 $ 148,338.14 $ 149,953.82 $ 148,925.17 $ 148,603.82 $ 146,824.78 $ 146,338.28
72717.45 72717.45 72717.45 72717.45 72717.45 72717.45 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52
2014
July August September October November December
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
45328.8 43185.44 42712.16 40848.96 35705.44 33910.24
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47
$ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2014
July August September October November December221245.95 219102.59 218629.31 216766.11 211622.59 209827.39
$ 75,223.62 $ 74,494.88 $ 74,333.97 $ 73,700.48 $ 71,951.68 $ 71,341.31 $ 146,022.33 $ 144,607.71 $ 144,295.34 $ 143,065.63 $ 139,670.91 $ 138,486.08
72717.45 72717.45 72717.45 72717.45 72717.45 72717.45 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52
2015
January February March April May June
$ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
33382.56 30771.36 29836.224 29544.096 27926.784 27484.512
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47
$ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2015
January February March April May June209299.71 206688.51 205753.374 192096.021 186303.534 162746.187
$ 71,161.90 $ 70,274.09 $ 69,956.15 $ 65,312.65 $ 63,343.20 $ 55,333.70 $ 138,137.81 $ 136,414.42 $ 135,797.23 $ 126,783.37 $ 122,960.33 $ 107,412.48
72717.45 72717.45 72717.45 68004.525 66532.25 58381.275 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 23,121.54 $ 22,620.97 $ 19,849.63 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 44,882.99 $ 43,911.29 $ 38,531.64
2015 2016
July August September October November December January
$ 4,105 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
27197.28 25911.264 25627.296 24509.376 21423.264 20346.144 20029.536
$ 1,447.60 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47
$ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
July August September October November December January156137.88 150746.664 132082.596 126906.126 107842.389 62657.694 46946.586
$ 53,086.88 $ 51,253.87 $ 44,908.08 $ 43,148.08 $ 36,666.41 $ 21,303.62 $ 15,961.84 $ 103,051.00 $ 99,492.80 $ 87,174.51 $ 83,758.04 $ 71,175.98 $ 41,354.08 $ 30,984.75
56152.3 54704.7 48223.4 46792.25 41158.125 25604.65 20176.15 $ 19,091.78 $ 18,599.60 $ 16,395.96 $ 15,909.37 $ 13,993.76 $ 8,705.58 $ 6,859.89 $ 37,060.52 $ 36,105.10 $ 31,827.44 $ 30,882.89 $ 27,164.36 $ 16,899.07 $ 13,316.26
2016
February
$ 22,392 18462.816
$ 7,896.00 10684.5
February40854.816
$ 13,890.64 $ 26,964.18
18580.5 $ 6,317.37 $ 12,263.13
36 Rolling Quaterly
Rollout Schedule 2012
March April May JunePurchase 67 93 578 0Lease 506 86 413 271Total 573 179 991 271
Cost for Hardware 429,750 134,250 743,250 203,250 Cost for Software 143,250 44,750 247,750 67,750 Total Cost 573,000 179,000 991,000 271,000
Lease Billing 2012
March April May JuneHardware PaymentsMarch $ 13,365 $ 13,365 $ 13,365 AprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryDep Tax Shield Outflow 2435.25 3196 7407.75 8559.5Software PaymentsMarch $ 4,712.93 $ 4,712.93 $ 4,712.93 AprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuary
FebruaryDep Tax Shield Outflow 811.75 1065.333333333 2469.25 2853.166666667
Lease Payments 2012
March April May JuneHardware $ 2,435.25 $ 16,561.23 $ 20,772.98 $ 21,924.73 Tax Shield $ 827.99 $ 5,630.82 $ 7,062.81 $ 7,454.41 Net Cash Flow $ 1,607.26 $ 10,930.41 $ 13,710.16 $ 14,470.32
Software $ 811.75 $ 5,778.26 $ 7,182.18 $ 7,566.09 Tax Shield $ 276.00 $ 1,964.61 $ 2,441.94 $ 2,572.47 Net Cash Flow $ 535.76 $ 3,813.65 $ 4,740.24 $ 4,993.62
NPVHardware $4,331,619.10 Software $1,362,783.15
Total $5,694,402.25
36 Rolling Quaterly
2012
July August September October November December54 655 110 76 804 60
122 133 64 609 1087 600176 788 174 685 1891 660
132,000 591,000 130,500 513,750 1,418,250 495,000 44,000 197,000 43,500 171,250 472,750 165,000 176,000 788,000 174,000 685,000 1,891,000 660,000
2012
July August September October November December
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321
$ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059
9307.5 12656.5 13396 16307.25 24344 27149
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98
$ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15
3102.5 4218.833333333 4465.333333333 5435.75 8114.666666667 9049.666666667
2012
July August September October November December $ 56,284.05 $ 59,633.05 $ 60,372.55 $ 89,827.65 $ 97,864.40 $ 100,669.40 $ 19,136.58 $ 20,275.24 $ 20,526.67 $ 30,541.40 $ 33,273.90 $ 34,227.60 $ 37,147.47 $ 39,357.81 $ 39,845.88 $ 59,286.25 $ 64,590.50 $ 66,441.80
$ 19,667.65 $ 20,783.98 $ 21,030.48 $ 31,360.95 $ 34,039.87 $ 34,974.87 $ 6,687.00 $ 7,066.55 $ 7,150.36 $ 10,662.72 $ 11,573.55 $ 11,891.45 $ 12,980.65 $ 13,717.43 $ 13,880.12 $ 20,698.23 $ 22,466.31 $ 23,083.41
2013
January February Hardware Cost $ 750 72 365 Software Cost $ 250
122 595 24 month194 960 HD Lease Factor 0.04
SW lease Factor 0.0462 145,500 720,000 36 month 48,500 240,000 HD Lease Factor 0.0311 194,000 960,000 SW lease Factor 0.0329
2013
January February March April May June
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395
$ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392
27973.5 32053.5 33514.65 33971.1 36498.15 37189.2
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50
$ 1,595.65 $ 1,595.65 $ 1,595.65
$ 7,896.00 $ 7,896.00 $ 7,896.00 9324.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
January February March April May June $ 176,973.60 $ 181,053.60 $ 182,514.75 $ 209,888.25 $ 212,415.30 $ 213,106.35 $ 60,171.02 $ 61,558.22 $ 62,055.02 $ 71,362.01 $ 72,221.20 $ 72,456.16 $ 116,802.58 $ 119,495.38 $ 120,459.73 $ 138,526.25 $ 140,194.10 $ 140,650.19
$ 61,865.80 $ 63,225.80 $ 63,225.80 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 21,034.37 $ 21,496.77 $ 21,496.77 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 40,831.43 $ 41,729.03 $ 41,729.03 $ 47,993.52 $ 47,993.52 $ 47,993.52
0.2 0.016666666667 0.340.32 0.026666666667
0.192 0.0160.1152 0.00960.1152 0.00960.0576 0.0048
2013
July August September October November December
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
37638 39647.4 40091.1 41837.85 46659.9 48342.9
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65
$ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
July August September October November December $ 213,555.15 $ 215,564.55 $ 216,008.25 $ 217,755.00 $ 222,577.05 $ 224,260.05 $ 72,608.75 $ 73,291.95 $ 73,442.81 $ 74,036.70 $ 75,676.20 $ 76,248.42 $ 140,946.40 $ 142,272.60 $ 142,565.45 $ 143,718.30 $ 146,900.85 $ 148,011.63
$ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52
2014
January February March April May June
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
48837.6 51285.6 49727.04 49240.16 46544.64 45807.52
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65
$ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2014
January February March April May June $ 224,754.75 $ 227,202.75 $ 225,644.19 $ 225,157.31 $ 222,461.79 $ 221,724.67 $ 76,416.62 $ 77,248.94 $ 76,719.02 $ 76,553.49 $ 75,637.01 $ 75,386.39 $ 148,338.14 $ 149,953.82 $ 148,925.17 $ 148,603.82 $ 146,824.78 $ 146,338.28
$ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52
2014
July August September October November December
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
45328.8 43185.44 42712.16 40848.96 35705.44 33910.24
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65
$ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2014
July August September October November December $ 221,245.95 $ 219,102.59 $ 218,629.31 $ 216,766.11 $ 211,622.59 $ 209,827.39 $ 75,223.62 $ 74,494.88 $ 74,333.97 $ 73,700.48 $ 71,951.68 $ 71,341.31 $ 146,022.33 $ 144,607.71 $ 144,295.34 $ 143,065.63 $ 139,670.91 $ 138,486.08
$ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52
2015
January February March April May June
$ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
33382.56 30771.36 29836.224 29544.096 27926.784 27484.512
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65
$ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2015
January February March April May June $ 209,299.71 $ 206,688.51 $ 205,753.37 $ 192,096.02 $ 190,478.71 $ 190,036.44 $ 71,161.90 $ 70,274.09 $ 69,956.15 $ 65,312.65 $ 64,762.76 $ 64,612.39 $ 138,137.81 $ 136,414.42 $ 135,797.23 $ 126,783.37 $ 125,715.95 $ 125,424.05
$ 72,717.45 $ 72,717.45 $ 72,717.45 $ 68,004.53 $ 68,004.53 $ 68,004.53 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 23,121.54 $ 23,121.54 $ 23,121.54 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 44,882.99 $ 44,882.99 $ 44,882.99
2015 2016
July August September October November December January
$ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
27197.28 25911.264 25627.296 24509.376 21423.264 20346.144 20029.536
$ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65
$ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 10684.5 10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
July August September October November December January $ 156,137.88 $ 154,851.86 $ 154,567.90 $ 126,906.13 $ 123,820.01 $ 122,742.89 $ 46,946.59 $ 53,086.88 $ 52,649.63 $ 52,553.08 $ 43,148.08 $ 42,098.80 $ 41,732.58 $ 15,961.84 $ 103,051.00 $ 102,202.23 $ 102,014.81 $ 83,758.04 $ 81,721.21 $ 81,010.31 $ 30,984.75
$ 56,152.30 $ 56,152.30 $ 56,152.30 $ 46,792.25 $ 46,792.25 $ 46,792.25 $ 20,176.15 $ 19,091.78 $ 19,091.78 $ 19,091.78 $ 15,909.37 $ 15,909.37 $ 15,909.37 $ 6,859.89 $ 37,060.52 $ 37,060.52 $ 37,060.52 $ 30,882.89 $ 30,882.89 $ 30,882.89 $ 13,316.26
2016
February March
$ 4,525 $ 4,525 $ 22,392 $ 22,392
18462.816 0
$ 1,595.65 $ 1,595.65
$ 7,896.00 $ 7,896.00 10684.5 0
February March $ 45,379.87 $ 26,917.05 $ 15,429.15 $ 9,151.80 $ 29,950.71 $ 17,765.25
$ 20,176.15 $ 9,491.65 $ 6,859.89 $ 3,227.16 $ 13,316.26 $ 6,264.49
24 Coterm Monthly
Rollout Schedule 2012
March April May JunePurchase 67 93 578 0Lease 506 86 413 271Total 573 179 991 271
Cost for Hardware 429,750 134,250 743,250 203,250 Cost for Software 143,250 44,750 247,750 67,750 Total Cost 573,000 179,000 991,000 271,000
Lease Billing 2012
March April May JuneHardware PaymentsMarch $ 17,190 $ 17,190 $ 17,190 April $ 5,370 $ 5,370 May $ 29,730 JuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryDep Tax Sheild Outflow 2435.25 3196 7407.75 8559.5
Software PaymentsMarch $ 6,618.15 $ 6,618.15 $ 6,618.15 April $ 2,067.45 $ 2,067.45 May $ 11,446.05 JuneJulyAugustSeptemberOctoberNovemberDecemberJanuary
FebruaryDep Tax Sheild Outflow 811.75 1065.333333333 2469.25 2853.166666667
Lease Payments 2012
March April May JuneHardware $ 2,435.25 $ 20,386.00 $ 29,967.75 $ 60,849.50 Tax Shield $ 827.99 $ 6,931.24 $ 10,189.04 $ 20,688.83 Net Cash Flow $ 1,607.26 $ 13,454.76 $ 19,778.72 $ 40,160.67
Software $ 811.75 $ 7,683.48 $ 11,154.85 $ 22,984.82 Tax Shield $ 276.00 $ 2,612.38 $ 3,792.65 $ 7,814.84 Net Cash Flow $ 535.76 $ 5,071.10 $ 7,362.20 $ 15,169.98
NPVHardware $2,851,560.02 Software $996,113.49
Total $3,847,673.51
24 Coterm Monthly
2012
July August September October November December54 655 110 76 804 60
122 133 64 609 1087 600176 788 174 685 1891 660
132,000 591,000 130,500 513,750 1,418,250 495,000 44,000 197,000 43,500 171,250 472,750 165,000 176,000 788,000 174,000 685,000 1,891,000 660,000
2012
July August September October November December
$ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130
$ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 23,640
$ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550
$ 56,730
9307.5 12656.5 13396 16307.25 24344 27149
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05
$ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40
$ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75
$ 21,841.05
3102.5 4218.833333333 4465.333333333 5435.75 8114.666666667 9049.666666667
2012
July August September October November December $ 69,727.50 $ 78,356.50 $ 102,736.00 $ 110,867.25 $ 139,454.00 $ 198,989.00 $ 23,707.35 $ 26,641.21 $ 34,930.24 $ 37,694.87 $ 47,414.36 $ 67,656.26 $ 46,020.15 $ 51,715.29 $ 67,805.76 $ 73,172.39 $ 92,039.64 $ 131,332.74
$ 26,364.20 $ 29,513.33 $ 38,861.23 $ 41,841.35 $ 52,432.02 $ 75,208.07 $ 8,963.83 $ 10,034.53 $ 13,212.82 $ 14,226.06 $ 17,826.89 $ 25,570.74 $ 17,400.37 $ 19,478.80 $ 25,648.41 $ 27,615.29 $ 34,605.13 $ 49,637.32
2013
January February Hardware Cost $ 750 72 365 Software Cost $ 250
122 595 24 month194 960 HD Lease Factor 0.04
SW lease Factor 0.0462 145,500 720,000 36 month 48,500 240,000 HD Lease Factor 0.0311 194,000 960,000 SW lease Factor 0.0329
2013
January February March April May June
$ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800
$ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 28,800 $ 28,800 $ 28,800 $ 28,800
27973.5 32053.5 33514.65 33971.1 36498.15 37189.2
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00
$ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70
$ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 9324.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
January February March April May June $ 219,613.50 $ 229,513.50 $ 259,774.65 $ 260,231.10 $ 262,758.15 $ 263,449.20 $ 74,668.59 $ 78,034.59 $ 88,323.38 $ 88,478.57 $ 89,337.77 $ 89,572.73 $ 144,944.91 $ 151,478.91 $ 171,451.27 $ 171,752.53 $ 173,420.38 $ 173,876.47
$ 83,105.90 $ 86,706.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 28,256.01 $ 29,480.24 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 54,849.89 $ 57,226.36 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 64,544.44
0.2 0.016666666667 0.340.32 0.026666666667
0.192 0.0160.1152 0.00960.1152 0.00960.0576 0.0048
2013
July August September October November December
$ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800
37638 39647.4 40091.1 41837.85 46659.9 48342.9
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70
$ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
July August September October November December $ 263,898.00 $ 265,907.40 $ 266,351.10 $ 268,097.85 $ 272,919.90 $ 274,602.90 $ 89,725.32 $ 90,408.52 $ 90,559.37 $ 91,153.27 $ 92,792.77 $ 93,364.99 $ 174,172.68 $ 175,498.88 $ 175,791.73 $ 176,944.58 $ 180,127.13 $ 181,237.91
$ 97,794.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 64,544.44
2014
January February March
$ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550 $ 20,550 $ 56,730 $ 56,730 $ 56,730 $ 19,800 $ 19,800 $ 19,800 $ 5,820 $ 5,820 $ 5,820 $ 28,800 $ 28,800 $ 28,800
48837.6 51285.6 49727.04
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 2,240.70 $ 2,240.70 $ 2,240.70
$ 11,088.00 $ 11,088.00 $ 11,088.00 10684.5 10684.5 10684.5
2014
January February March $ 275,097.60 $ 277,545.60 $ 275,987.04 $ 93,533.18 $ 94,365.50 $ 93,835.59 $ 181,564.42 $ 183,180.10 $ 182,151.45
$ 97,794.60 $ 97,794.60 $ 97,794.60 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 64,544.44 $ 64,544.44 $ 64,544.44
2014
2014
2015
2015
24 Coterm Quarterly
Rollout Schedule 2012
March April May JunePurchase 67 93 578 0Lease 506 86 413 271Total 573 179 991 271
Cost for Hardware 429,750 134,250 743,250 203,250 Cost for Software 143,250 44,750 247,750 67,750 Total Cost 573,000 179,000 991,000 271,000
Lease Billing 2012
March April May JuneHardware PaymentsMarch $ 17,190 $ 17,190 $ 17,190 AprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryDep Tax Shield Outflow 2435.25 3196 7407.75 8559.5
Software PaymentsMarch $ 6,618.15 $ 6,618.15 $ 6,618.15 AprilMayJuneJulyAugustSeptemberOctoberNovemberDecember
JanuaryFebruaryDep Tax Shield Outflow 811.75 1065.333333333 2469.25 2853.166666667
Lease Payments 2012
March April May JuneHardware $ 2,435.25 $ 20,386.00 $ 24,597.75 $ 25,749.50 Tax Shield $ 827.99 $ 6,931.24 $ 8,363.24 $ 8,754.83 Net Cash Flow $ 1,607.26 $ 13,454.76 $ 16,234.52 $ 16,994.67
Software $ 811.75 $ 7,683.48 $ 9,087.40 $ 9,471.32 Tax Shield $ 276.00 $ 2,612.38 $ 3,089.72 $ 3,220.25 Net Cash Flow $ 535.76 $ 5,071.10 $ 5,997.68 $ 6,251.07
NPVHardware $2,717,991.40 Software $946,149.75
Total $3,664,141.16
24 Coterm Quarterly
July August September October November December54 655 110 76 804 60
122 133 64 609 1087 600176 788 174 685 1891 660
132,000 591,000 130,500 513,750 1,418,250 495,000 44,000 197,000 43,500 171,250 472,750 165,000 176,000 788,000 174,000 685,000 1,891,000 660,000
2012
July August September October November December
$ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130
$ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220
9307.5 12656.5 13396 16307.25 24344 27149
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05
$ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70
3102.5 4218.833333333 4465.333333333 5435.75 8114.666666667 9049.666666667
2012
July August September October November December $ 69,727.50 $ 73,076.50 $ 73,816.00 $ 110,867.25 $ 118,904.00 $ 121,709.00 $ 23,707.35 $ 24,846.01 $ 25,097.44 $ 37,694.87 $ 40,427.36 $ 41,381.06 $ 46,020.15 $ 48,230.49 $ 48,718.56 $ 73,172.39 $ 78,476.64 $ 80,327.94
$ 26,364.20 $ 27,480.53 $ 27,727.03 $ 41,841.35 $ 44,520.27 $ 45,455.27 $ 8,963.83 $ 9,343.38 $ 9,427.19 $ 14,226.06 $ 15,136.89 $ 15,454.79 $ 17,400.37 $ 18,137.15 $ 18,299.84 $ 27,615.29 $ 29,383.38 $ 30,000.48
2013
January February Hardware Cost $ 750 72 365 Software Cost $ 250
122 595 24 month194 960 HD Lease Factor 0.04
SW lease Factor 0.0462 145,500 720,000 36 month 48,500 240,000 HD Lease Factor 0.0311 194,000 960,000 SW lease Factor 0.0329
2013
January February March April May June
$ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800
$ 5,820 $ 5,820 $ 5,820 $ 28,800 $ 28,800 $ 28,800
27973.5 32053.5 33514.65 33971.1 36498.15 37189.2
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00
$ 2,240.70 $ 2,240.70 $ 2,240.70 $ 11,088.00 $ 11,088.00 $ 11,088.00
9324.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
January February March April May June $ 219,613.50 $ 223,693.50 $ 225,154.65 $ 260,231.10 $ 262,758.15 $ 263,449.20 $ 74,668.59 $ 76,055.79 $ 76,552.58 $ 88,478.57 $ 89,337.77 $ 89,572.73 $ 144,944.91 $ 147,637.71 $ 148,602.07 $ 171,752.53 $ 173,420.38 $ 173,876.47
$ 83,105.90 $ 84,465.90 $ 84,465.90 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 28,256.01 $ 28,718.41 $ 28,718.41 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 54,849.89 $ 55,747.49 $ 55,747.49 $ 64,544.44 $ 64,544.44 $ 64,544.44
0.2 0.016666666667 0.340.32 0.026666666667
0.192 0.0160.1152 0.00960.1152 0.00960.0576 0.0048
2013
July August September October November December
$ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 8,130 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 20,550 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 56,730 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 19,800 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 5,820 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800 $ 28,800
37638 39647.4 40091.1 41837.85 46659.9 48342.9
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00 $ 7,623.00
$ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 2,240.70 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00 $ 11,088.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
July August September October November December $ 263,898.00 $ 265,907.40 $ 266,351.10 $ 268,097.85 $ 272,919.90 $ 274,602.90 $ 89,725.32 $ 90,408.52 $ 90,559.37 $ 91,153.27 $ 92,792.77 $ 93,364.99 $ 174,172.68 $ 175,498.88 $ 175,791.73 $ 176,944.58 $ 180,127.13 $ 181,237.91
$ 97,794.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 97,794.60 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 64,544.44 $ 64,544.44
2014
January February March
$ 17,190 $ 17,190 $ 17,190 $ 5,370 $ 5,370 $ 5,370 $ 29,730 $ 29,730 $ 29,730 $ 8,130 $ 8,130 $ 8,130 $ 5,280 $ 5,280 $ 5,280 $ 23,640 $ 23,640 $ 23,640 $ 5,220 $ 5,220 $ 5,220 $ 20,550 $ 20,550 $ 20,550 $ 56,730 $ 56,730 $ 56,730 $ 19,800 $ 19,800 $ 19,800 $ 5,820 $ 5,820 $ 5,820 $ 28,800 $ 28,800 $ 28,800
48837.6 51285.6 49727.04
$ 6,618.15 $ 6,618.15 $ 6,618.15 $ 2,067.45 $ 2,067.45 $ 2,067.45 $ 11,446.05 $ 11,446.05 $ 11,446.05 $ 3,130.05 $ 3,130.05 $ 3,130.05 $ 2,032.80 $ 2,032.80 $ 2,032.80 $ 9,101.40 $ 9,101.40 $ 9,101.40 $ 2,009.70 $ 2,009.70 $ 2,009.70 $ 7,911.75 $ 7,911.75 $ 7,911.75 $ 21,841.05 $ 21,841.05 $ 21,841.05 $ 7,623.00 $ 7,623.00 $ 7,623.00
$ 2,240.70 $ 2,240.70 $ 2,240.70 $ 11,088.00 $ 11,088.00 $ 11,088.00
10684.5 10684.5 10684.5
2014
January February March $ 275,097.60 $ 277,545.60 $ 275,987.04 $ 93,533.18 $ 94,365.50 $ 93,835.59 $ 181,564.42 $ 183,180.10 $ 182,151.45
$ 97,794.60 $ 97,794.60 $ 97,794.60 $ 33,250.16 $ 33,250.16 $ 33,250.16 $ 64,544.44 $ 64,544.44 $ 64,544.44
2014
2014
2015
2015
Rollout Schedule 2012
March April May JunePurchase 67 93 578 0Lease 506 86 413 271Total 573 179 991 271
Cost for Hardware 429,750 134,250 743,250 203,250 Cost for Software 143,250 44,750 247,750 67,750 Total Cost 573,000 179,000 991,000 271,000
Lease Billing 2012
March April May JuneHardware PaymentsMarch $ 13,365 $ 13,365 $ 13,365 April $ 4,175 $ 4,175 May $ 23,115 JuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryDep tax Shield Outflow 2435.25 3196 7407.75 8559.5
Software PaymentsMarch $ 4,712.93 $ 4,712.93 $ 4,712.93 April $ 1,472.27 $ 1,472.27 May $ 8,150.97 JuneJulyAugustSeptemberOctoberNovemberDecember
JanuaryFebruaryDep tax Shield Outflow 811.75 1065.333333333 2469.25 2853.166666667
Lease Payments 2012
March April May JuneHardware $ 2,435.25 $ 16,561.23 $ 24,948.15 $ 49,214.98 Tax Shield $ 827.99 $ 5,630.82 $ 8,482.37 $ 16,733.09 Net Cash Flow $ 1,607.26 $ 10,930.41 $ 16,465.78 $ 32,481.88
Software $ 811.75 $ 5,778.26 $ 8,654.45 $ 17,189.34 Tax Shield $ 276.00 $ 1,964.61 $ 2,942.51 $ 5,844.38 Net Cash Flow $ 535.76 $ 3,813.65 $ 5,711.94 $ 11,344.97
NPVHardware $3,670,531.83 Software $1,153,899.54
Total $4,824,431.37
36 Coterm Monthly
2012
July August September October November December54 655 110 76 804 60
122 133 64 609 1087 600176 788 174 685 1891 660
132,000 591,000 130,500 513,750 1,418,250 495,000 44,000 197,000 43,500 171,250 472,750 165,000 176,000 788,000 174,000 685,000 1,891,000 660,000
2012
July August September October November December
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321
$ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380
$ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978
$ 44,108
9307.5 12656.5 13396 16307.25 24344 27149
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98
$ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30
$ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13
$ 15,553.47
3102.5 4218.833333333 4465.333333333 5435.75 8114.666666667 9049.666666667
2012
July August September October November December $ 56,284.05 $ 63,738.25 $ 82,857.85 $ 89,827.65 $ 113,842.03 $ 160,754.60 $ 19,136.58 $ 21,671.01 $ 28,171.67 $ 30,541.40 $ 38,706.29 $ 54,656.56 $ 37,147.47 $ 42,067.24 $ 54,686.18 $ 59,286.25 $ 75,135.74 $ 106,098.04
$ 19,667.65 $ 22,231.58 $ 28,959.38 $ 31,360.95 $ 39,673.99 $ 56,162.47 $ 6,687.00 $ 7,558.74 $ 9,846.19 $ 10,662.72 $ 13,489.16 $ 19,095.24 $ 12,980.65 $ 14,672.84 $ 19,113.19 $ 20,698.23 $ 26,184.83 $ 37,067.23
2013
January February Hardware Cost $ 750 72 365 Software Cost $ 250
122 595 24 month194 960 HD Lease Factor 0.04
SW lease Factor 0.0462 145,500 720,000 36 month 48,500 240,000 HD Lease Factor 0.0311 194,000 960,000 SW lease Factor 0.0329
2013
January February March April May June
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395
$ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392
27973.5 32053.5 33514.65 33971.1 36498.15 37189.2
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50
$ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00
9324.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
January February March April May June $ 176,973.60 $ 185,578.65 $ 209,431.80 $ 209,888.25 $ 212,415.30 $ 213,106.35 $ 60,171.02 $ 63,096.74 $ 71,206.81 $ 71,362.01 $ 72,221.20 $ 72,456.16 $ 116,802.58 $ 122,481.91 $ 138,224.99 $ 138,526.25 $ 140,194.10 $ 140,650.19
$ 61,865.80 $ 64,821.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 21,034.37 $ 22,039.29 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 40,831.43 $ 42,782.16 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52
0.2 0.016666666667 0.340.32 0.026666666667
0.192 0.0160.1152 0.00960.1152 0.00960.0576 0.0048
2013
July August September October November December
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
37638 39647.4 40091.1 41837.85 46659.9 48342.9
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50
$ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
July August September October November December $ 213,555.15 $ 215,564.55 $ 216,008.25 $ 217,755.00 $ 222,577.05 $ 224,260.05 $ 72,608.75 $ 73,291.95 $ 73,442.81 $ 74,036.70 $ 75,676.20 $ 76,248.42 $ 140,946.40 $ 142,272.60 $ 142,565.45 $ 143,718.30 $ 146,900.85 $ 148,011.63
$ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52
2014
January February March April May June
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
48837.6 51285.6 49727.04 49240.16 46544.64 45807.52
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50
$ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2014
January February March April May June $ 224,754.75 $ 227,202.75 $ 225,644.19 $ 225,157.31 $ 222,461.79 $ 221,724.67 $ 76,416.62 $ 77,248.94 $ 76,719.02 $ 76,553.49 $ 75,637.01 $ 75,386.39 $ 148,338.14 $ 149,953.82 $ 148,925.17 $ 148,603.82 $ 146,824.78 $ 146,338.28
$ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52
2014
July August September October November December
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
45328.8 43185.44 42712.16 40848.96 35705.44 33910.24
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50
$ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2014
July August September October November December $ 221,245.95 $ 219,102.59 $ 218,629.31 $ 216,766.11 $ 211,622.59 $ 209,827.39 $ 75,223.62 $ 74,494.88 $ 74,333.97 $ 73,700.48 $ 71,951.68 $ 71,341.31 $ 146,022.33 $ 144,607.71 $ 144,295.34 $ 143,065.63 $ 139,670.91 $ 138,486.08
$ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52
2015
January February March April May June
$ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392
33382.56 30771.36 29836.224
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50
$ 1,595.65 $ 1,595.65 $ 1,595.65 $ 7,896.00 $ 7,896.00 $ 7,896.00
10684.5 10684.5 10684.5
2015
January February March $ 209,299.71 $ 206,688.51 $ 205,753.37 $ 71,161.90 $ 70,274.09 $ 69,956.15 $ 138,137.81 $ 136,414.42 $ 135,797.23
$ 72,717.45 $ 72,717.45 $ 72,717.45 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 47,993.52 $ 47,993.52 $ 47,993.52
2015 2016
July August September October November December January
2016
February
Rollout Schedule 2012
March April May JunePurchase 67 93 578 0Lease 506 86 413 271Total 573 179 991 271
Cost for Hardware 429,750 134,250 743,250 203,250 Cost for Software 143,250 44,750 247,750 67,750 Total Cost 573,000 179,000 991,000 271,000
Lease Billing 2012
March April May JuneHardware PaymentsMarch $ 13,365 $ 13,365 $ 13,365 AprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryDep tax Shield Outflow 2435.25 3196 7407.75 8559.5
Software PaymentsMarch $ 4,712.93 $ 4,712.93 $ 4,712.93 AprilMayJuneJulyAugustSeptemberOctoberNovemberDecember
JanuaryFebruaryDep tax Shield Outflow 811.75 1065.333333333 2469.25 2853.166666667
Lease Payments 2012
March April May JuneHardware $ 2,435.25 $ 16,561.23 $ 20,772.98 $ 21,924.73 Tax Shield $ 827.99 $ 5,630.82 $ 7,062.81 $ 7,454.41 Net Cash Flow $ 1,607.26 $ 10,930.41 $ 13,710.16 $ 14,470.32
Software $ 811.75 $ 5,778.26 $ 7,182.18 $ 7,566.09 Tax Shield $ 276.00 $ 1,964.61 $ 2,441.94 $ 2,572.47 Net Cash Flow $ 535.76 $ 3,813.65 $ 4,740.24 $ 4,993.62
NPVHardware $3,567,429.29 Software $1,118,573.54
Total $4,686,002.83
36 Coterm Quaterly
2012
July August September October November December54 655 110 76 804 60
122 133 64 609 1087 600176 788 174 685 1891 660
132,000 591,000 130,500 513,750 1,418,250 495,000 44,000 197,000 43,500 171,250 472,750 165,000 176,000 788,000 174,000 685,000 1,891,000 660,000
2012
July August September October November December
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321
$ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059
9307.5 12656.5 13396 16307.25 24344 27149
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98
$ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15
3102.5 4218.833333333 4465.333333333 5435.75 8114.666666667 9049.666666667
2012
July August September October November December $ 56,284.05 $ 59,633.05 $ 60,372.55 $ 89,827.65 $ 97,864.40 $ 100,669.40 $ 19,136.58 $ 20,275.24 $ 20,526.67 $ 30,541.40 $ 33,273.90 $ 34,227.60 $ 37,147.47 $ 39,357.81 $ 39,845.88 $ 59,286.25 $ 64,590.50 $ 66,441.80
$ 19,667.65 $ 20,783.98 $ 21,030.48 $ 31,360.95 $ 34,039.87 $ 34,974.87 $ 6,687.00 $ 7,066.55 $ 7,150.36 $ 10,662.72 $ 11,573.55 $ 11,891.45 $ 12,980.65 $ 13,717.43 $ 13,880.12 $ 20,698.23 $ 22,466.31 $ 23,083.41
2013
January February Hardware Cost $ 750 72 365 Software Cost $ 250
122 595 24 month194 960 HD Lease Factor 0.04
SW lease Factor 0.0462 145,500 720,000 36 month 48,500 240,000 HD Lease Factor 0.0311 194,000 960,000 SW lease Factor 0.0329
2013
January February March April May June
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395
$ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392
27973.5 32053.5 33514.65 33971.1 36498.15 37189.2
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50
$ 1,595.65 $ 1,595.65 $ 1,595.65 $ 7,896.00 $ 7,896.00 $ 7,896.00
9324.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
January February March April May June $ 176,973.60 $ 181,053.60 $ 182,514.75 $ 209,888.25 $ 212,415.30 $ 213,106.35 $ 60,171.02 $ 61,558.22 $ 62,055.02 $ 71,362.01 $ 72,221.20 $ 72,456.16 $ 116,802.58 $ 119,495.38 $ 120,459.73 $ 138,526.25 $ 140,194.10 $ 140,650.19
$ 61,865.80 $ 63,225.80 $ 63,225.80 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 21,034.37 $ 21,496.77 $ 21,496.77 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 40,831.43 $ 41,729.03 $ 41,729.03 $ 47,993.52 $ 47,993.52 $ 47,993.52
0.2 0.016666666667 0.340.32 0.026666666667
0.192 0.0160.1152 0.00960.1152 0.00960.0576 0.0048
2013
July August September October November December
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
37638 39647.4 40091.1 41837.85 46659.9 48342.9
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50
$ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2013
July August September October November December $ 213,555.15 $ 215,564.55 $ 216,008.25 $ 217,755.00 $ 222,577.05 $ 224,260.05 $ 72,608.75 $ 73,291.95 $ 73,442.81 $ 74,036.70 $ 75,676.20 $ 76,248.42 $ 140,946.40 $ 142,272.60 $ 142,565.45 $ 143,718.30 $ 146,900.85 $ 148,011.63
$ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52
2014
January February March April May June
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
48837.6 51285.6 49727.04 49240.16 46544.64 45807.52
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50
$ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2014
January February March April May June $ 224,754.75 $ 227,202.75 $ 225,644.19 $ 225,157.31 $ 222,461.79 $ 221,724.67 $ 76,416.62 $ 77,248.94 $ 76,719.02 $ 76,553.49 $ 75,637.01 $ 75,386.39 $ 148,338.14 $ 149,953.82 $ 148,925.17 $ 148,603.82 $ 146,824.78 $ 146,338.28
$ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52
2014
July August September October November December
$ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392 $ 22,392
45328.8 43185.44 42712.16 40848.96 35705.44 33910.24
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50 $ 5,428.50
$ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 1,595.65 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00 $ 7,896.00
10684.5 10684.5 10684.5 10684.5 10684.5 10684.5
2014
July August September October November December $ 221,245.95 $ 219,102.59 $ 218,629.31 $ 216,766.11 $ 211,622.59 $ 209,827.39 $ 75,223.62 $ 74,494.88 $ 74,333.97 $ 73,700.48 $ 71,951.68 $ 71,341.31 $ 146,022.33 $ 144,607.71 $ 144,295.34 $ 143,065.63 $ 139,670.91 $ 138,486.08
$ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 72,717.45 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52 $ 47,993.52
2015
January February March April May June
$ 13,365 $ 13,365 $ 13,365 $ 4,175 $ 4,175 $ 4,175 $ 23,115 $ 23,115 $ 23,115 $ 6,321 $ 6,321 $ 6,321 $ 4,105 $ 4,105 $ 4,105 $ 18,380 $ 18,380 $ 18,380 $ 4,059 $ 4,059 $ 4,059 $ 15,978 $ 15,978 $ 15,978 $ 44,108 $ 44,108 $ 44,108 $ 15,395 $ 15,395 $ 15,395 $ 4,525 $ 4,525 $ 4,525 $ 22,392 $ 22,392 $ 22,392
33382.56 30771.36 29836.224
$ 4,712.93 $ 4,712.93 $ 4,712.93 $ 1,472.27 $ 1,472.27 $ 1,472.27 $ 8,150.97 $ 8,150.97 $ 8,150.97 $ 2,228.98 $ 2,228.98 $ 2,228.98 $ 1,447.60 $ 1,447.60 $ 1,447.60 $ 6,481.30 $ 6,481.30 $ 6,481.30 $ 1,431.15 $ 1,431.15 $ 1,431.15 $ 5,634.13 $ 5,634.13 $ 5,634.13 $ 15,553.47 $ 15,553.47 $ 15,553.47 $ 5,428.50 $ 5,428.50 $ 5,428.50
$ 1,595.65 $ 1,595.65 $ 1,595.65 $ 7,896.00 $ 7,896.00 $ 7,896.00
10684.5 10684.5 10684.5
2015
January February March $ 209,299.71 $ 206,688.51 $ 205,753.37 $ 71,161.90 $ 70,274.09 $ 69,956.15 $ 138,137.81 $ 136,414.42 $ 135,797.23
$ 72,717.45 $ 72,717.45 $ 72,717.45 $ 24,723.93 $ 24,723.93 $ 24,723.93 $ 47,993.52 $ 47,993.52 $ 47,993.52
2015 2016
July August September October November December January
2016
February March
Rollout Schedule 2012
March April May June JulyPurchase 67 93 578 0 54Lease 506 86 413 271 122Total 573 179 991 271 176
Cost for Hardware 429,750 134,250 743,250 203,250 132,000 Cost for Software 143,250 44,750 247,750 67,750 44,000 Total Cost 573,000 179,000 991,000 271,000 176,000
Depreciation ScheduleRate per month 0.016666667 0.016666667 0.0166666667 0.0166666667 0.0166666667Months 1 2 3 4 5
Hardware payment forMarch $ 7,163 $ 7,163 $ 7,163 $ 7,163 $ 7,163 April $ 2,238 $ 2,238 $ 2,238 $ 2,238 May $ 12,388 $ 12,388 $ 12,388 June $ 3,388 $ 3,388 July $ 2,200 AugustSeptemberOctoberNovemberDecemberJanuaryFebruaryTotal $ 7,163 $ 9,400 $ 21,788 $ 25,175 $ 27,375 Software payment forMarch $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 April $ 745.83 $ 745.83 $ 745.83 $ 745.83 May $ 4,129.17 $ 4,129.17 $ 4,129.17 June $ 1,129.17 $ 1,129.17 July $ 733.33 AugustSeptemberOctoberNovemberDecemberJanuaryFebruaryTotal $ 2,387.50 $ 3,133.33 $ 7,262.50 $ 8,391.67 $ 9,125.00
2012 2013
August September October November December January February655 110 76 804 60 72 365133 64 609 1087 600 122 595788 174 685 1891 660 194 960
591,000 130,500 513,750 1,418,250 495,000 145,500 720,000 197,000 43,500 171,250 472,750 165,000 48,500 240,000 788,000 174,000 685,000 1,891,000 660,000 194,000 960,000
0.0166666667 0.0166666667 0.0166666667 0.0166666667 0.0166666667 0.0166666667 0.01666666676 7 8 9 10 11 12
$ 7,163 $ 7,163 $ 7,163 $ 7,163 $ 7,163 $ 7,163 $ 7,163 $ 2,238 $ 2,238 $ 2,238 $ 2,238 $ 2,238 $ 2,238 $ 2,238 $ 12,388 $ 12,388 $ 12,388 $ 12,388 $ 12,388 $ 12,388 $ 12,388 $ 3,388 $ 3,388 $ 3,388 $ 3,388 $ 3,388 $ 3,388 $ 3,388 $ 2,200 $ 2,200 $ 2,200 $ 2,200 $ 2,200 $ 2,200 $ 2,200 $ 9,850 $ 9,850 $ 9,850 $ 9,850 $ 9,850 $ 9,850 $ 9,850
$ 2,175 $ 2,175 $ 2,175 $ 2,175 $ 2,175 $ 2,175 $ 8,563 $ 8,563 $ 8,563 $ 8,563 $ 8,563
$ 23,638 $ 23,638 $ 23,638 $ 23,638 $ 8,250 $ 8,250 $ 8,250
$ 2,425 $ 2,425 $ 12,000
$ 37,225 $ 39,400 $ 47,963 $ 71,600 $ 79,850 $ 82,275 $ 94,275
$ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33
$ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17
$ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 2,750.00 $ 2,750.00 $ 2,750.00
$ 808.33 $ 808.33 $ 4,000.00
$ 12,408.33 $ 13,133.33 $ 15,987.50 $ 23,866.67 $ 26,616.67 $ 27,425.00 $ 31,425.00
Hardware Cost $ 750 MACRS per yearSoftware Cost $ 250 Year 1 0.2
24 month Year 2 0.32HD Lease Factor 0.04 Year 3 0.192SW lease Factor 0.0462 Year 4 0.1152
36 month Year 5 0.1152HD Lease Factor 0.0311 Year 6 0.0576SW lease Factor 0.0329
0.0266666667 0.0266666666667 0.0266666667 0.0266666667 0.0266666667 0.026666666713 14 15 16 17 18
$ 11,460 $ 11,460 $ 11,460 $ 11,460 $ 11,460 $ 11,460 $ 2,238 $ 3,580 $ 3,580 $ 3,580 $ 3,580 $ 3,580 $ 12,388 $ 12,388 $ 19,820 $ 19,820 $ 19,820 $ 19,820 $ 3,388 $ 3,388 $ 3,388 $ 5,420 $ 5,420 $ 5,420 $ 2,200 $ 2,200 $ 2,200 $ 2,200 $ 3,520 $ 3,520 $ 9,850 $ 9,850 $ 9,850 $ 9,850 $ 9,850 $ 15,760 $ 2,175 $ 2,175 $ 2,175 $ 2,175 $ 2,175 $ 2,175 $ 8,563 $ 8,563 $ 8,563 $ 8,563 $ 8,563 $ 8,563 $ 23,638 $ 23,638 $ 23,638 $ 23,638 $ 23,638 $ 23,638 $ 8,250 $ 8,250 $ 8,250 $ 8,250 $ 8,250 $ 8,250 $ 2,425 $ 2,425 $ 2,425 $ 2,425 $ 2,425 $ 2,425 $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 98,573 $ 99,915 $ 107,348 $ 109,380 $ 110,700 $ 116,610
$ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00
per month 2 3 4 5 6 7
0.02666666667 0.0266666667 0.0266666667 0.0266666667 0.0266666667 0.0266666667 0.01619 20 21 22 23 24 25
$ 11,460 $ 11,460 $ 11,460 $ 11,460 $ 11,460 $ 11,460 $ 6,876 $ 3,580 $ 3,580 $ 3,580 $ 3,580 $ 3,580 $ 3,580 $ 3,580 $ 19,820 $ 19,820 $ 19,820 $ 19,820 $ 19,820 $ 19,820 $ 19,820 $ 5,420 $ 5,420 $ 5,420 $ 5,420 $ 5,420 $ 5,420 $ 5,420 $ 3,520 $ 3,520 $ 3,520 $ 3,520 $ 3,520 $ 3,520 $ 3,520 $ 15,760 $ 15,760 $ 15,760 $ 15,760 $ 15,760 $ 15,760 $ 15,760 $ 3,480 $ 3,480 $ 3,480 $ 3,480 $ 3,480 $ 3,480 $ 3,480 $ 8,563 $ 13,700 $ 13,700 $ 13,700 $ 13,700 $ 13,700 $ 13,700 $ 23,638 $ 23,638 $ 37,820 $ 37,820 $ 37,820 $ 37,820 $ 37,820 $ 8,250 $ 8,250 $ 8,250 $ 13,200 $ 13,200 $ 13,200 $ 13,200 $ 2,425 $ 2,425 $ 2,425 $ 2,425 $ 3,880 $ 3,880 $ 3,880 $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 19,200 $ 19,200 $ 117,915 $ 123,053 $ 137,235 $ 142,185 $ 143,640 $ 150,840 $ 146,256
$ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00
8 9 10 11 12 13 14
0.016 0.016 0.016 0.016 0.016 0.016 0.01626 27 28 29 30 31 32
$ 6,876 $ 6,876 $ 6,876 $ 6,876 $ 6,876 $ 6,876 $ 6,876 $ 2,148 $ 2,148 $ 2,148 $ 2,148 $ 2,148 $ 2,148 $ 2,148 $ 19,820 $ 11,892 $ 11,892 $ 11,892 $ 11,892 $ 11,892 $ 11,892 $ 5,420 $ 5,420 $ 3,252 $ 3,252 $ 3,252 $ 3,252 $ 3,252 $ 3,520 $ 3,520 $ 3,520 $ 2,112 $ 2,112 $ 2,112 $ 2,112 $ 15,760 $ 15,760 $ 15,760 $ 15,760 $ 9,456 $ 9,456 $ 9,456 $ 3,480 $ 3,480 $ 3,480 $ 3,480 $ 3,480 $ 2,088 $ 2,088 $ 13,700 $ 13,700 $ 13,700 $ 13,700 $ 13,700 $ 13,700 $ 8,220 $ 37,820 $ 37,820 $ 37,820 $ 37,820 $ 37,820 $ 37,820 $ 37,820 $ 13,200 $ 13,200 $ 13,200 $ 13,200 $ 13,200 $ 13,200 $ 13,200 $ 3,880 $ 3,880 $ 3,880 $ 3,880 $ 3,880 $ 3,880 $ 3,880 $ 19,200 $ 19,200 $ 19,200 $ 19,200 $ 19,200 $ 19,200 $ 19,200 $ 144,824 $ 136,896 $ 134,728 $ 133,320 $ 127,016 $ 125,624 $ 120,144
$ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00
15 16 17 18 19 20 21
0.016 0.016 0.016 0.016 0.0096 0.0096 0.009633 34 35 36 37 38 39
$ 6,876 $ 6,876 $ 6,876 $ 6,876 $ 4,126 $ 4,126 $ 4,126 $ 2,148 $ 2,148 $ 2,148 $ 2,148 $ 2,148 $ 1,289 $ 1,289 $ 11,892 $ 11,892 $ 11,892 $ 11,892 $ 11,892 $ 11,892 $ 7,135 $ 3,252 $ 3,252 $ 3,252 $ 3,252 $ 3,252 $ 3,252 $ 3,252 $ 2,112 $ 2,112 $ 2,112 $ 2,112 $ 2,112 $ 2,112 $ 2,112 $ 9,456 $ 9,456 $ 9,456 $ 9,456 $ 9,456 $ 9,456 $ 9,456 $ 2,088 $ 2,088 $ 2,088 $ 2,088 $ 2,088 $ 2,088 $ 2,088 $ 8,220 $ 8,220 $ 8,220 $ 8,220 $ 8,220 $ 8,220 $ 8,220 $ 22,692 $ 22,692 $ 22,692 $ 22,692 $ 22,692 $ 22,692 $ 22,692 $ 13,200 $ 7,920 $ 7,920 $ 7,920 $ 7,920 $ 7,920 $ 7,920 $ 3,880 $ 3,880 $ 2,328 $ 2,328 $ 2,328 $ 2,328 $ 2,328 $ 19,200 $ 19,200 $ 19,200 $ 11,520 $ 11,520 $ 11,520 $ 11,520 $ 105,016 $ 99,736 $ 98,184 $ 90,504 $ 87,754 $ 86,894 $ 82,138
$ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00
22 23 24 25 26 27 28
0.0096 0.0096 0.0096 0.0096 0.0096 0.0096 0.009640 41 42 43 44 45 46
$ 4,126 $ 4,126 $ 4,126 $ 4,126 $ 4,126 $ 4,126 $ 4,126 $ 1,289 $ 1,289 $ 1,289 $ 1,289 $ 1,289 $ 1,289 $ 1,289 $ 7,135 $ 7,135 $ 7,135 $ 7,135 $ 7,135 $ 7,135 $ 7,135 $ 1,951 $ 1,951 $ 1,951 $ 1,951 $ 1,951 $ 1,951 $ 1,951 $ 2,112 $ 1,267 $ 1,267 $ 1,267 $ 1,267 $ 1,267 $ 1,267 $ 9,456 $ 9,456 $ 5,674 $ 5,674 $ 5,674 $ 5,674 $ 5,674 $ 2,088 $ 2,088 $ 2,088 $ 1,253 $ 1,253 $ 1,253 $ 1,253 $ 8,220 $ 8,220 $ 8,220 $ 8,220 $ 4,932 $ 4,932 $ 4,932 $ 22,692 $ 22,692 $ 22,692 $ 22,692 $ 22,692 $ 13,615 $ 13,615 $ 7,920 $ 7,920 $ 7,920 $ 7,920 $ 7,920 $ 7,920 $ 4,752 $ 2,328 $ 2,328 $ 2,328 $ 2,328 $ 2,328 $ 2,328 $ 2,328 $ 11,520 $ 11,520 $ 11,520 $ 11,520 $ 11,520 $ 11,520 $ 11,520 $ 80,837 $ 79,992 $ 76,210 $ 75,374 $ 72,086 $ 63,010 $ 59,842
$ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00
29 30 31 32 33 34 35
0.0096 0.0096 0.0096 0.0096 0.0096 0.0096 0.009647 48 49 50 51 52 53
$ 4,126 $ 4,126 $ 4,126 $ 4,126 $ 4,126 $ 4,126 $ 4,126 $ 1,289 $ 1,289 $ 1,289 $ 1,289 $ 1,289 $ 1,289 $ 1,289 $ 7,135 $ 7,135 $ 7,135 $ 7,135 $ 7,135 $ 7,135 $ 7,135 $ 1,951 $ 1,951 $ 1,951 $ 1,951 $ 1,951 $ 1,951 $ 1,951 $ 1,267 $ 1,267 $ 1,267 $ 1,267 $ 1,267 $ 1,267 $ 1,267 $ 5,674 $ 5,674 $ 5,674 $ 5,674 $ 5,674 $ 5,674 $ 5,674 $ 1,253 $ 1,253 $ 1,253 $ 1,253 $ 1,253 $ 1,253 $ 1,253 $ 4,932 $ 4,932 $ 4,932 $ 4,932 $ 4,932 $ 4,932 $ 4,932 $ 13,615 $ 13,615 $ 13,615 $ 13,615 $ 13,615 $ 13,615 $ 13,615 $ 4,752 $ 4,752 $ 4,752 $ 4,752 $ 4,752 $ 4,752 $ 4,752 $ 1,397 $ 1,397 $ 1,397 $ 1,397 $ 1,397 $ 1,397 $ 1,397 $ 11,520 $ 6,912 $ 6,912 $ 6,912 $ 6,912 $ 6,912 $ 6,912 $ 58,910 $ 54,302 $ 54,302 $ 54,302 $ 54,302 $ 54,302 $ 54,302
$ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00
36 37 38 39 40 41 42
0.0096 0.0096 0.0096 0.0096 0.0096 0.0096 0.009654 55 56 57 58 59 60
$ 4,126 $ 4,126 $ 4,126 $ 4,126 $ 4,126 $ 4,126 $ 4,126 $ 1,289 $ 1,289 $ 1,289 $ 1,289 $ 1,289 $ 1,289 $ 1,289 $ 7,135 $ 7,135 $ 7,135 $ 7,135 $ 7,135 $ 7,135 $ 7,135 $ 1,951 $ 1,951 $ 1,951 $ 1,951 $ 1,951 $ 1,951 $ 1,951 $ 1,267 $ 1,267 $ 1,267 $ 1,267 $ 1,267 $ 1,267 $ 1,267 $ 5,674 $ 5,674 $ 5,674 $ 5,674 $ 5,674 $ 5,674 $ 5,674 $ 1,253 $ 1,253 $ 1,253 $ 1,253 $ 1,253 $ 1,253 $ 1,253 $ 4,932 $ 4,932 $ 4,932 $ 4,932 $ 4,932 $ 4,932 $ 4,932 $ 13,615 $ 13,615 $ 13,615 $ 13,615 $ 13,615 $ 13,615 $ 13,615 $ 4,752 $ 4,752 $ 4,752 $ 4,752 $ 4,752 $ 4,752 $ 4,752 $ 1,397 $ 1,397 $ 1,397 $ 1,397 $ 1,397 $ 1,397 $ 1,397 $ 6,912 $ 6,912 $ 6,912 $ 6,912 $ 6,912 $ 6,912 $ 6,912 $ 54,302 $ 54,302 $ 54,302 $ 54,302 $ 54,302 $ 54,302 $ 54,302
$ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 2,387.50 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 745.83 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 4,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00 $ 31,425.00
43 44 45 46 47 48 49
0.0048 0.0048 0.0048 0.0048 0.0048 0.0048 0.004861 62 63 64 65 66 67
$ 2,063 $ 2,063 $ 2,063 $ 2,063 $ 2,063 $ 2,063 $ 2,063 $ 1,289 $ 644 $ 644 $ 644 $ 644 $ 644 $ 644 $ 7,135 $ 7,135 $ 3,568 $ 3,568 $ 3,568 $ 3,568 $ 3,568 $ 1,951 $ 1,951 $ 1,951 $ 976 $ 976 $ 976 $ 976 $ 1,267 $ 1,267 $ 1,267 $ 1,267 $ 634 $ 634 $ 634 $ 5,674 $ 5,674 $ 5,674 $ 5,674 $ 5,674 $ 2,837 $ 2,837 $ 1,253 $ 1,253 $ 1,253 $ 1,253 $ 1,253 $ 1,253 $ 626 $ 4,932 $ 4,932 $ 4,932 $ 4,932 $ 4,932 $ 4,932 $ 4,932 $ 13,615 $ 13,615 $ 13,615 $ 13,615 $ 13,615 $ 13,615 $ 13,615 $ 4,752 $ 4,752 $ 4,752 $ 4,752 $ 4,752 $ 4,752 $ 4,752 $ 1,397 $ 1,397 $ 1,397 $ 1,397 $ 1,397 $ 1,397 $ 1,397 $ 6,912 $ 6,912 $ 6,912 $ 6,912 $ 6,912 $ 6,912 $ 6,912 $ 52,240 $ 51,595 $ 48,028 $ 47,052 $ 46,418 $ 43,582 $ 42,955
$ 745.83 $ 4,129.17 $ 4,129.17 $ 1,129.17 $ 1,129.17 $ 1,129.17 $ 733.33 $ 733.33 $ 733.33 $ 733.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 3,283.33 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 725.00 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 2,854.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 7,879.17 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 2,750.00 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 808.33 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 29,037.50 $ 28,291.67 $ 24,162.50 $ 23,033.33 $ 22,300.00 $ 19,016.67 $ 18,291.67
50 51 52 53 54 55 56
0.0048 0.0048 0.0048 0.0048 0.004868 69 70 71 72 73 74
$ 2,063 $ 2,063 $ 2,063 $ 2,063 $ 2,063 $ 644 $ 644 $ 644 $ 644 $ 644 $ 644 $ 3,568 $ 3,568 $ 3,568 $ 3,568 $ 3,568 $ 3,568 $ 3,568 $ 976 $ 976 $ 976 $ 976 $ 976 $ 976 $ 976 $ 634 $ 634 $ 634 $ 634 $ 634 $ 634 $ 634 $ 2,837 $ 2,837 $ 2,837 $ 2,837 $ 2,837 $ 2,837 $ 2,837 $ 626 $ 626 $ 626 $ 626 $ 626 $ 626 $ 626 $ 2,466 $ 2,466 $ 2,466 $ 2,466 $ 2,466 $ 2,466 $ 2,466 $ 13,615 $ 6,808 $ 6,808 $ 6,808 $ 6,808 $ 6,808 $ 6,808 $ 4,752 $ 4,752 $ 2,376 $ 2,376 $ 2,376 $ 2,376 $ 2,376 $ 1,397 $ 1,397 $ 1,397 $ 698 $ 698 $ 698 $ 698 $ 6,912 $ 6,912 $ 6,912 $ 6,912 $ 3,456 $ 3,456 $ 3,456 $ 40,489 $ 33,682 $ 31,306 $ 30,607 $ 27,151 $ 25,088 $ 24,444
$ 7,879.17 $ 2,750.00 $ 2,750.00 $ 808.33 $ 808.33 $ 808.33 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 4,000.00 $ 15,437.50 $ 7,558.33 $ 4,808.33 $ 4,000.00
57 58 59 60 61 62 63
Year 2 0.32 0.026666667 0.026666667Year 3 0.192 0.016 0.016Year 4 0.1152 0.0096 0.0096Year 5 0.1152 0.0096 0.0096Year 6 0.0576 0.0048 0.0048
75 76 77 78 79 80 81
$ 976 $ 634 $ 634 $ 2,837 $ 2,837 $ 2,837 $ 626 $ 626 $ 626 $ 626 $ 2,466 $ 2,466 $ 2,466 $ 2,466 $ 2,466 $ 6,808 $ 6,808 $ 6,808 $ 6,808 $ 6,808 $ 6,808 $ 2,376 $ 2,376 $ 2,376 $ 2,376 $ 2,376 $ 2,376 $ 2,376 $ 698 $ 698 $ 698 $ 698 $ 698 $ 698 $ 698 $ 3,456 $ 3,456 $ 3,456 $ 3,456 $ 3,456 $ 3,456 $ 3,456 $ 20,876 $ 19,901 $ 19,267 $ 16,430 $ 15,804 $ 13,338 $ 6,530
64 65 66 67 68 69 70 71 72
0.026666667 0.026666667 0.026667 0.026667 0.026667 0.026667 0.026667 0.026667 0.0266670.016 0.016 0.016 0.016 0.016 0.016 0.016 0.016 0.016
0.0096 0.0096 0.0096 0.0096 0.0096 0.0096 0.0096 0.0096 0.00960.0096 0.0096 0.0096 0.0096 0.0096 0.0096 0.0096 0.0096 0.00960.0048 0.0048 0.0048 0.0048 0.0048 0.0048 0.0048 0.0048 0.0048
82 83
$ 698 $ 3,456 $ 3,456 $ 4,154 $ 3,456
Rollout Schedule 2012
March April May June JulyPurchase 67 93 578 0 54Lease 506 86 413 271 122Total 573 179 991 271 176
Cost for Hardware 429,750 134,250 743,250 203,250 132,000 Cost for Software 143,250 44,750 247,750 67,750 44,000 Total Cost 573,000 179,000 991,000 271,000 176,000
Months 1 2 3 4 5
HardwarePayment 429,750 134,250 743,250 203,250 132,000 Depreciation Shield 2435.25 3196 7407.75 8559.5 9307.5Salvage ValueCost of DisposableNet Cash Flow 427,315 131,054 735,842 194,691 122,693
SoftwarePayment 143,250 44,750 247,750 67,750 44,000 Depreciation Shield $ 811.75 $ 1,065.33 $ 2,469.25 $ 2,853.17 $ 3,102.50 Net Cash Flow 142,438.25 43,684.67 245,280.75 64,896.83 40,897.50
NPVHardware $4,035,647.69 Software $1,325,298.39
$5,360,946.08 Total $5,360,946.08
2012 2013
August September October November December January655 110 76 804 60 72133 64 609 1087 600 122788 174 685 1891 660 194
591,000 130,500 513,750 1,418,250 495,000 145,500 197,000 43,500 171,250 472,750 165,000 48,500 788,000 174,000 685,000 1,891,000 660,000 194,000
6 7 8 9 10 11
591,000 130,500 513,750 1,418,250 495,000 145,500 12656.5 13396 16307.25 24344 27149 27973.5
578,344 117,104 497,443 1,393,906 467,851 117,527
197,000 43,500 171,250 472,750 165,000 48,500 $ 4,218.83 $ 4,465.33 $ 5,435.75 $ 8,114.67 $ 9,049.67 $ 9,324.50 192,781.17 39,034.67 165,814.25 464,635.33 155,950.33 39,175.50
Months
February Hardware Cost $ 750 1 0.2365 Software Cost $ 250 2 0.32595 24 month 3 0.192960 HD Lease Factor 0.04 4 0.1152
SW lease Factor 0.0462 5 0.1152 720,000 36 month 6 0.0576 240,000 HD Lease Factor 0.0311 960,000 SW lease Factor 0.0329
12 13 14 15 16 17
720,000 32053.5 33514.65 33971.1 36498.15 37189.2 37638
687,947 (33,515) (33,971) (36,498) (37,189) (37,638)
240,000 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 229,315.50 (10,684.50) (10,684.50) (10,684.50) (10,684.50) (10,684.50)
0.01666666667 0.340.02666666667
0.0160.00960.00960.0048
18 19 20 21 22 23
39647.4 40091.1 41837.85 46659.9 48342.9 48837.6
(39,647) (40,091) (41,838) (46,660) (48,343) (48,838)
$ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 (10,684.50) (10,684.50) (10,684.50) (10,684.50) (10,684.50) (10,684.50)
24 25 26 27 28 29
51285.6 49727.04 49240.16 46544.64 45807.52 45328.8
(51,286) (49,727) (49,240) (46,545) (45,808) (45,329)
$ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 (10,684.50) (10,684.50) (10,684.50) (10,684.50) (10,684.50) (10,684.50)
30 31 32 33 34 35
43185.44 42712.16 40848.96 35705.44 33910.24 33382.56
(43,185) (42,712) (40,849) (35,705) (33,910) (33,383)
$ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 (10,684.50) (10,684.50) (10,684.50) (10,684.50) (10,684.50) (10,684.50)
36 37 38 39 40 41
30771.36 29836.224 29544.096 27926.784 27484.512 27197.28
(30,771) (29,836) (29,544) (27,927) (27,485) (27,197)
$ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 (10,684.50) (10,684.50) (10,684.50) (10,684.50) (10,684.50) (10,684.50)
42 43 44 45 46 47
25911.264 25627.296 24509.376 21423.264 20346.144 20029.536
(25,911) (25,627) (24,509) (21,423) (20,346) (20,030)
$ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 (10,684.50) (10,684.50) (10,684.50) (10,684.50) (10,684.50) (10,684.50)
48 49 50 51 52 53
18462.816 18462.816 18462.816 18462.816 18462.816 18462.816
(18,463) (18,463) (18,463) (18,463) (18,463) (18,463)
$ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 (10,684.50) (10,684.50) (10,684.50) (10,684.50) (10,684.50) (10,684.50)
54 55 56 57 58 59
18462.816 18462.816 18462.816 18462.816 18462.816 18462.816
(18,463) (18,463) (18,463) (18,463) (18,463) (18,463)
$ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 $ 10,684.50 (10,684.50) (10,684.50) (10,684.50) (10,684.50) (10,684.50) (10,684.50)
60 61 62 63 64 65
18462.816 17761.464 17542.368 16329.384 15997.68 15782.2565730 1790 9910 2710 1760
22920 7160 39640 10840 7040 (18,463) (571) (12,172) 13,401 (7,868) (10,502)
$ 10,684.50 $ 9,872.75 $ 9,619.17 $ 8,215.25 $ 7,831.33 $ 7,582.00 (10,684.50) (9,872.75) (9,619.17) (8,215.25) (7,831.33) (7,582.00)
66 67 68 69 70 71 72
14817.744 14604.768 13766.328 11451.744 10643.904 10406.448 9231.4087880 1740 6850 18910 6600 1940 9600
31520 6960 27400 75640 26400 7760 38400 8,822 (9,385) 6,784 45,278 9,156 (4,586) 19,569
$ 6,465.67 $ 6,219.17 $ 5,248.75 $ 2,569.83 $ 1,634.83 $ 1,360.00 (6,465.67) (6,219.17) (5,248.75) (2,569.83) (1,634.83) (1,360.00)
73 74 75 76 77 78 79 80 81 82
8530.056 8310.96 7097.976 6766.272 6550.848 5586.336 5373.36 4534.92 2220.336 1412.496
(8,530) (8,311) (7,098) (6,766) (6,551) (5,586) (5,373) (4,535) (2,220) (1,412)
83
1175.04
(1,175)
