FINANCE-Based on the information provided in the proforma statement

Acme International

Proforma Income Statements

Year 1
Year 2
Year 3
Year 4
Year 5
Year 6

Sales revenue

$ 580,000.00
$ 609,000.00
$ 639,400.00
$ 671,000.00
$ 745,500.00
$ 782,000.00

Less: Operating expenses

$ 320,000.00
$ 336,000.00
$ 352,800.00
$ 370,400.00
$ 389,000.00
$ 408,500.00

Less:
Depreciation expense
$ 60,000.00
$ 60,000.00
$ 60,000.00
$ 60,000.00
$ 60,000.00
$ 60,000.00

Net income

$ 200,000.00
$ 213,000.00
$ 226,600.00
$ 240,600.00
$ 296,500.00
$ 313,500.00

Initial cost
of the investment:
$ 600,000.00

Discount rate:

10%

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