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
2y ago#1In Tippletine, the question specifically says (under the heading 'financing the investment') that the financing is for the $30.6 M.
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
2y ago#3The 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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