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Fubuki and Tippletine

This topic has 3 replies, 2 voices, and was last updated 10 months ago by John Moffat.

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February 1, 2024 at 6:43 pm #699464
zaynnnn
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in fubuki question while calculating gross finace for issue costs we took both investment and working capital but in tippletine we only took investment not working capital for issue costs even thought both questions were based on gross finance. please explain why
February 1, 2024 at 8:14 pm #699518
John Moffat
Keymaster
- Topics: 57
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In Tippletine, the question specifically says (under the heading ‘financing the investment’) that the financing is for the $30.6 M.
February 26, 2024 at 4:08 pm #701197
zaynnnn
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also where is this 4.329-0.952 coming from in the subsidsed loan and subsidy benefit could you explain that part in tippletine co
February 26, 2024 at 5:17 pm #701206
John Moffat
Keymaster
- Topics: 57
- Replies: 54500
The tax is 1 year in arrears and therefore the saving is from time 2 to 5.
To get the discount factor for annuity from 2 to 5 we take the 5 year annuity factor (4.329) and subtract the 1 year factor (0.952).
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