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Referência Fluxo líquido A B C D Posição-- > 1 2 3 4 Taxa de juros (TMAR) 0.1 Ano ↓ Alternativa --> C A B D Custo inicial * 200,000.00 * 275,000.00 * 190,000.00 * 350,000.00 0 -190,000.00 -200,000.00 -275,000.00 -350,000.00 Fluxo de caixa anual * 22,000.00 * 35,000.00 * 19,500.00 * 42,000.00 1 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 Vida útil 30 30 30 30 2 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 Ordem (posição) 2 3 1 4 3 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 4 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 5 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 6 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 Passo 1 2 3 4 7 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 Defendente FIN FIN A B 8 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 Desafiante C A B D 9 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 TIR * 0.0961 * 0.1044 NA NA 10 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 ΔTIR NA NA * 0.172 * 0.084 11 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 Alternativa a eliminar C FIN A D 12 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 13 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 Conclusão: Selecionar o projeto B (é o melhor do ponto de vista financeiro) 14 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 15 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 16 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 17 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 18 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 19 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 20 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 21 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 22 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 23 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 24 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 25 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 26 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 27 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 28 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 29 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 30 * 19,500.00 * 22,000.00 * 35,000.00 * 42,000.00 Ano Fluxo incremental -R$ 329.94 -R$ 395.93 R$ 65,988.40 0 B-A D-B 1 -75,000.00 -75,000.00 2 * 13,000.00 * 7,000.00 3 * 13,000.00 * 7,000.00 4 * 13,000.00 * 7,000.00 5 * 13,000.00 * 7,000.00 6 * 13,000.00 * 7,000.00 7 * 13,000.00 * 7,000.00 8 * 13,000.00 * 7,000.00 9 * 13,000.00 * 7,000.00 10 * 13,000.00 * 7,000.00 11 * 13,000.00 * 7,000.00 12 * 13,000.00 * 7,000.00 13 * 13,000.00 * 7,000.00 14 * 13,000.00 * 7,000.00 15 * 13,000.00 * 7,000.00 16 * 13,000.00 * 7,000.00 17 * 13,000.00 * 7,000.00 18 * 13,000.00 * 7,000.00 19 * 13,000.00 * 7,000.00 20 * 13,000.00 * 7,000.00 21 * 13,000.00 * 7,000.00 22 * 13,000.00 * 7,000.00 23 * 13,000.00 * 7,000.00 24 * 13,000.00 * 7,000.00 25 * 13,000.00 * 7,000.00 26 * 13,000.00 * 7,000.00 27 * 13,000.00 * 7,000.00 28 * 13,000.00 * 7,000.00 29 * 13,000.00 * 7,000.00 30 * 13,000.00 * 7,000.00 Montar Fluxo líquido A B C D Posição-- > 1 2 3 4 Taxa de juros (TMAR) 0.1 Ano ↓ Alternativa --> Custo inicial * 200,000.00 * 275,000.00 * 190,000.00 * 350,000.00 0 Fluxo de caixa anual * 22,000.00 * 35,000.00 * 19,500.00 * 42,000.00 1 Vida útil 30 30 30 30 2 Ordem (posição) 3 4 5 6 Passo 1 2 3 4 7 Defendente 8 Desafiante 9 TIR 10 ΔTIR 11 Alternativa a eliminar 12 13 Conclusão: 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Ano Fluxo incremental 0 Incremental-- > 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 B&T8.2 Fluxo líquido A B Posição-- > 1 2 1 2 1 2 1 2 Taxa de juros (TMAR) 0.1 Ano ↓ Alternativa --> A B Ano Transformador A Transformador B Fluxo de caixa incremental B - A Ano Fluxo de caixa incremental B - A Fluxos positivos Fluxos negativos Ano Fluxo de caixa incremental B - A Fluxos positivos Fluxos negativos Custo inicial 70,000.00 95,000.00 0 -70,000.00 -95,000.00 0 -70,000.00 -95,000.00 -25,000.00 0 -25,000.00 0.0 -25,000.00 0 -25,000.00 0.0 -25,000.00 Custo operacional anual 9,000.00 7,000.00 1 -9,000.00 -7,000.00 1 -9,000.00 -7,000.00 * 2,000.00 1 * 2,000.00 * 2,000.00 0.0 1 * 2,000.00 * 2,000.00 0.0 Receita anual Não se aplica Não se aplica 2 -9,000.00 -7,000.00 2 -9,000.00 -7,000.00 * 2,000.00 2 * 2,000.00 * 2,000.00 0.0 2 * 2,000.00 * 2,000.00 0.0 Valor residual 5,000.00 10,000.00 3 -9,000.00 -7,000.00 3 -9,000.00 -7,000.00 * 2,000.00 3 * 2,000.00 * 2,000.00 0.0 3 * 2,000.00 * 2,000.00 0.0 Vida útil (anos) 8 12 4 -9,000.00 -7,000.00 4 -9,000.00 -7,000.00 * 2,000.00 4 * 2,000.00 * 2,000.00 0.0 4 * 2,000.00 * 2,000.00 0.0 Ordem (posição) 1 2 5 -9,000.00 -7,000.00 5 -9,000.00 -7,000.00 * 2,000.00 5 * 2,000.00 * 2,000.00 0.0 5 * 2,000.00 * 2,000.00 0.0 Aparições 3 2 6 -9,000.00 -7,000.00 Passo 1 2 3 4 6 -9,000.00 -7,000.00 * 2,000.00 6 * 2,000.00 * 2,000.00 0.0 6 * 2,000.00 * 2,000.00 0.0 7 -9,000.00 -7,000.00 Defendente A 7 -9,000.00 -7,000.00 * 2,000.00 7 * 2,000.00 * 2,000.00 0.0 7 * 2,000.00 * 2,000.00 0.0 8 -74,000.00 -7,000.00 Desafiante B 8 -74,000.00 -7,000.00 * 67,000.00 8 * 67,000.00 * 67,000.00 0.0 8 * 67,000.00 65.000+2.000 0.0 9 -9,000.00 -7,000.00 TIR NA 9 -9,000.00 -7,000.00 * 2,000.00 9 * 2,000.00 * 2,000.00 0.0 9 * 2,000.00 * 2,000.00 0.0 10 -9,000.00 -7,000.00 ΔTIR * 0.1522 10 -9,000.00 -7,000.00 * 2,000.00 10 * 2,000.00 * 2,000.00 0.0 10 * 2,000.00 * 2,000.00 0.0 11 -9,000.00 -7,000.00 Alternativa a eliminar A 11 -9,000.00 -7,000.00 * 2,000.00 11 * 2,000.00 * 2,000.00 0.0 11 * 2,000.00 * 2,000.00 0.0 12 -9,000.00 -92,000.00 12 -9,000.00 -92,000.00 -83,000.00 12 -83,000.00 0.0 -83,000.00 12 -83,000.00 * 2,000.00 -85,000.00 13 -9,000.00 -7,000.00 Conclusão: 13 -9,000.00 -7,000.00 * 2,000.00 13 * 2,000.00 * 2,000.00 0.0 13 * 2,000.00 * 2,000.00 0.0 14 -9,000.00 -7,000.00 14 -9,000.00 -7,000.00 * 2,000.00 14 * 2,000.00 * 2,000.00 0.0 14 * 2,000.00 * 2,000.00 0.0 15 -9,000.00 -7,000.00 15 -9,000.00 -7,000.00 * 2,000.00 15 * 2,000.00 * 2,000.00 0.0 15 * 2,000.00 * 2,000.00 0.0 16 -74,000.00 -7,000.00 16 -74,000.00 -7,000.00 * 67,000.00 16 * 67,000.00 * 67,000.00 0.0 16 * 67,000.00 65.000+2.000 0.0 17 -9,000.00 -7,000.00 17 -9,000.00 -7,000.00 * 2,000.00 17 * 2,000.00 * 2,000.00 0.0 17 * 2,000.00 * 2,000.00 0.0 18 -9,000.00 -7,000.00 18 -9,000.00 -7,000.00 * 2,000.00 18 * 2,000.00 * 2,000.00 0.0 18 * 2,000.00 * 2,000.00 0.0 19 -9,000.00 -7,000.00 19 -9,000.00 -7,000.00 * 2,000.00 19 * 2,000.00 * 2,000.00 0.0 19 * 2,000.00 * 2,000.00 0.0 20 -9,000.00 -7,000.00 20 -9,000.00 -7,000.00 * 2,000.00 20 * 2,000.00 * 2,000.00 0.0 20 * 2,000.00 * 2,000.00 0.0 21 -9,000.00 -7,000.00 21 -9,000.00 -7,000.00 * 2,000.00 21 * 2,000.00 * 2,000.00 0.0 21 * 2,000.00 * 2,000.00 0.0 22 -9,000.00 -7,000.00 22 -9,000.00 -7,000.00 * 2,000.00 22 * 2,000.00 * 2,000.00 0.0 22 * 2,000.00 * 2,000.00 0.0 23 -9,000.00 -7,000.00 23 -9,000.00 -7,000.00 * 2,000.00 23 * 2,000.00 * 2,000.00 0.0 23 * 2,000.00 * 2,000.00 0.0 24 -4,000.00 * 3,000.00 24 -4,000.00 * 3,000.00 * 7,000.00 24 * 7,000.00 * 7,000.00 0.0 24 * 7,000.00 2.000+5.000 0.0 Ano Fluxo incremental VPL -194,823.94 -183,961.57 * 10,862.37 VPL * 10,862.37 * 62,308.73 -51,446.36 VPL * 10,862.37 * 17,297.39 -52,083.62 0 Incremental-- > -25,000.00 1 * 2,000.00 * 620,001.17 * 52,083.62 2 * 2,000.00 3 * 2,000.00 0.10871640352448053 4 * 2,000.00 5 * 2,000.00 6 * 2,000.00 7 * 2,000.00 8 * 67,000.00 9 * 2,000.00 10 * 2,000.00 11 * 2,000.00 12 -83,000.00 13 * 2,000.00 14 * 2,000.00 15 * 2,000.00 16 * 67,000.00 17 * 2,000.00 18 * 2,000.00 19 * 2,000.00 20 * 2,000.00 21 * 2,000.00 22 * 2,000.00 23 * 2,000.00 24 * 7,000.00 B&T8.2_montar Fluxo líquido A B Posição-- > 1 2 1 2 1 2 1 2 Taxa de juros (TMAR) 0.1 Ano ↓ Alternativa --> A B Ano Transformador A Transformador B Fluxo de caixa incremental B - A Ano Fluxo de caixa incremental B - A Fluxos positivos Fluxos negativos Ano Fluxo de caixa incremental B - A Fluxos positivos Fluxos negativos Custo inicial 70,000.00 95,000.00 0 0 0.0 0.0 0.0 0 0.0 0.0 0.0 0 0.0 0.0 0.0 Custo operacional anual 9,000.00 7,000.00 1 1 0.0 0.0 0.0 1 0.0 0.0 0.0 1 0.0 0.0 0.0 Receita anual Não se aplica Não se aplica 2 2 0.0 0.0 0.0 2 0.0 0.0 0.0 2 0.0 0.0 0.0 Valor residual 5,000.00 10,000.00 3 3 0.0 0.0 0.0 3 0.0 0.0 0.0 3 0.0 0.0 0.0 Vida útil (anos) 8 12 4 4 0.0 0.0 0.0 4 0.0 0.0 0.0 4 0.0 0.0 0.0 Ordem (posição) 1 2 5 5 0.0 0.0 0.0 5 0.0 0.0 0.0 5 0.0 0.0 0.0 24 6 Passo 1 2 3 4 6 0.0 0.0 0.0 6 0.0 0.0 0.0 6 0.0 0.0 0.0 7 Defendente 7 0.0 0.0 0.0 7 0.0 0.0 0.0 7 0.0 0.0 0.0 8 Desafiante 8 0.0 0.0 0.0 8 0.0 0.0 0.0 8 0.0 65.000+2.000 0.0 9 TIR 9 0.0 0.0 0.0 9 0.0 0.0 0.0 9 0.0 0.0 0.0 10 ΔTIR 10 0.0 0.0 0.0 10 0.0 0.0 0.0 10 0.0 0.0 0.0 11 Alternativa a eliminar 11 0.0 0.0 0.0 11 0.0 0.0 0.0 11 0.0 0.0 0.0 12 12 0.0 0.0 0.0 12 0.0 0.0 0.0 12 0.0 * 2,000.00 -85,000.00 13 Conclusão: 13 0.0 0.0 0.0 13 0.0 0.0 0.0 13 0.0 0.0 0.0 14 14 0.0 0.0 0.0 14 0.0 0.0 0.0 14 0.0 0.0 0.0 15 15 0.0 0.0 0.0 15 0.0 0.0 0.0 15 0.0 0.0 0.0 16 16 0.0 0.0 0.0 16 0.0 0.0 0.0 16 0.0 65.000+2.000 0.0 17 17 0.0 0.0 0.0 17 0.0 0.0 0.0 17 0.0 0.0 0.0 18 18 0.0 0.0 0.0 18 0.0 0.0 0.0 18 0.0 0.0 0.0 19 19 0.0 0.0 0.0 19 0.0 0.0 0.0 19 0.0 0.0 0.0 20 20 0.0 0.0 0.0 20 0.0 0.0 0.0 20 0.0 0.0 0.0 21 21 0.0 0.0 0.0 21 0.0 0.0 0.0 21 0.0 0.0 0.0 22 22 0.0 0.0 0.0 22 0.0 0.0 0.0 22 0.0 0.0 0.0 23 23 0.0 0.0 0.0 23 0.0 0.0 0.0 23 0.0 0.0 0.0 24 24 0.0 0.0 0.0 24 0.0 0.0 0.0 24 0.0 2.000+5.000 0.0 Ano Fluxo incremental VPL 0.0 0.0 0.0 VPL 0.0 0.0 0.0 VPL 0.0 * 700.99 -27,083.62 0 Incremental-- > 0.0 1 0.0 * 620,001.17 * 52,083.62 2 0.0 3 0.0 0.10871640352448053 4 0.0 5 0.0 6 0.0 7 0.0 8 0.0 9 0.0 10 0.0 11 0.0 12 0.0 13 0.0 14 0.0 15 0.0 16 0.0 17 0.0 18 0.0 19 0.0 20 0.0 21 0.0 22 0.0 23 0.0 24 0.0 Newnan_8_10 Fluxo líquido Fluxo incremental A B C Posição-- > 1 2 3 TMAR 0.08 Ano ↓ Alternativa --> A B C B-A C-B WACC 0.08 0 -1000 -2000 -3000 -1,000.00 -1,000.00 Custo inicial * 1,000.00 * 2,000.00 * 3,000.00 1 150 150 0 0.0 -150.00 Fluxo de caixa anual * 150.00 * 150.00 0.0 2 150 150 0 0.0 -150.00 Valor residual * 1,000.00 * 2,700.00 * 5,600.00 3 150 150 0 0.0 -150.00 Vida útil 5 6 7 4 150 150 0 0.0 -150.00 Ordem (posição) 1 2 3 5 150 150 0 0.0 -150.00 MMC 210 6 150 850 0 * 700.00 -850.00 Passo 1 2 3 Repetições 42 35 30 7 150 150 2600 0.0 * 2,450.00 Defendente Inv. Fin. A B * 150.00 * 850.00 * 2,600.00 8 150 150 0 0.0 -150.00 Desafiante A B C * 1,150.00 * 2,850.00 * 5,600.00 9 150 150 0 0.0 -150.00 TIR 15% NA NA 10 150 150 0 0.0 -150.00 ΔTIR NA 9.25% 5.96% 11 150 150 0 0.0 -150.00 Eliminada Inv. Fin A C 12 150 850 0 * 700.00 -850.00 13 150 150 0 0.0 -150.00 Conclusão: projetos "Inv. Fin", A e C foram eliminados. 14 150 150 2600 0.0 * 2,450.00 15 150 150 0 0.0 -150.00 16 150 150 0 0.0 -150.00 17 150 150 0 0.0 -150.00 18 150 850 0 * 700.00 -850.00 19 150 150 0 0.0 -150.00 20 150 150 0 0.0 -150.00 21 150 150 2600 0.0 * 2,450.00 22 150 150 0 0.0 -150.00 23 150 150 0 0.0 -150.00 24 150 850 0 * 700.00 -850.00 25 150 150 0 0.0 -150.00 26 150 150 0 0.0 -150.00 27 150 150 0 0.0 -150.00 28 150 150 2600 0.0 * 2,450.00 29 150 150 0 0.0 -150.00 A B C 30 150 850 0 * 700.00 -850.00 Custo inicial * 1,000.00 * 2,000.00 * 3,000.00 31 150 150 0 0.0 -150.00 Posição 1 2 3 32 150 150 0 0.0 -150.00 VPL R$ 875.00 R$ 1,067.76 R$ 642.35 33 150 150 0 0.0 -150.00 TIR 15% 34 150 150 0 0.0 -150.00 35 150 150 2600 0.0 * 2,450.00 36 150 850 0 * 700.00 -850.00 37 150 150 0 0.0 -150.00 38 150 150 0 0.0 -150.00 39 150 150 0 0.0 -150.00 40 150 150 0 0.0 -150.00 41 150 150 0 0.0 -150.00 42 150 850 2600 * 700.00 * 1,750.00 43 150 150 0 0.0 -150.00 44 150 150 0 0.0 -150.00 45 150 150 0 0.0 -150.00 46 150 150 0 0.0 -150.00 47 150 150 0 0.0 -150.00 48 150 850 0 * 700.00 -850.00 49 150 150 2600 0.0 * 2,450.00 50 150 150 0 0.0 -150.00 51 150 150 0 0.0 -150.00 52 150 150 0 0.0 -150.00 53 150 150 0 0.0 -150.00 54 150 850 0 * 700.00 -850.00 55 150 150 0 0.0 -150.00 56 150 150 2600 0.0 * 2,450.00 57 150 150 0 0.0 -150.00 58 150 150 0 0.0 -150.00 59 150 150 0 0.0 -150.00 60 150 850 0 * 700.00 -850.00 61 150 150 0 0.0 -150.00 62 150 150 0 0.0 -150.00 63 150 150 2600 0.0 * 2,450.00 64 150 150 0 0.0 -150.00 65 150 150 0 0.0 -150.00 66 150 850 0 * 700.00 -850.00 67 150 150 0 0.0 -150.00 68 150 150 0 0.0 -150.00 69 150 150 0 0.0 -150.00 70 150 150 2600 0.0 * 2,450.00 71 150 150 0 0.0 -150.00 72 150 850 0 * 700.00 -850.00 73 150 150 0 0.0 -150.00 74 150 150 0 0.0 -150.00 75 150 150 0 0.0 -150.00 76 150 150 0 0.0 -150.00 77 150 150 2600 0.0 * 2,450.00 78 150 850 0 * 700.00 -850.00 79 150 150 0 0.0 -150.00 80 150 150 0 0.0 -150.00 81 150 150 0 0.0 -150.00 82 150 150 0 0.0 -150.00 83 150 150 0 0.0 -150.00 84 150 850 2600 * 700.00 * 1,750.00 85 150 150 0 0.0 -150.00 86 150 150 0 0.0 -150.00 87 150 150 0 0.0 -150.00 88 150 150 0 0.0 -150.00 89 150 150 0 0.0 -150.00 90 150 850 0 * 700.00 -850.00 91 150 150 2600 0.0 * 2,450.00 92 150 150 0 0.0 -150.00 93 150 150 0 0.0 -150.00 94 150 150 0 0.0 -150.00 95 150 150 0 0.0 -150.00 96 150 850 0 * 700.00 -850.00 97 150 150 0 0.0 -150.00 98 150 150 2600 0.0 * 2,450.00 99 150 150 0 0.0 -150.00 100 150 150 0 0.0 -150.00 101 150 150 0 0.0 -150.00 102 150 850 0 * 700.00 -850.00 103 150 150 0 0.0 -150.00 104 150 150 0 0.0 -150.00 105 150 150 2600 0.0 * 2,450.00 106 150 150 0 0.0 -150.00 107 150 150 0 0.0 -150.00 108 150 850 0 * 700.00 -850.00 109 150 150 0 0.0 -150.00 110 150 150 0 0.0 -150.00 111 150 150 0 0.0 -150.00 112 150 150 2600 0.0 * 2,450.00 113 150 150 0 0.0 -150.00 114 150 850 0 * 700.00 -850.00 115 150 150 0 0.0 -150.00 116 150 150 0 0.0 -150.00 117 150 150 0 0.0 -150.00 118 150 150 0 0.0 -150.00 119 150 150 2600 0.0 * 2,450.00 120 150 850 0 * 700.00 -850.00 121 150 150 0 0.0 -150.00 122 150 150 0 0.0 -150.00 123 150 150 0 0.0 -150.00 124 150 150 0 0.0 -150.00 125 150 150 0 0.0 -150.00 126 150 850 2600 * 700.00 * 1,750.00 127 150 150 0 0.0 -150.00 128 150 150 0 0.0 -150.00 129 150 150 0 0.0 -150.00 130 150 150 0 0.0 -150.00 131 150 150 0 0.0 -150.00 132 150 850 0 * 700.00 -850.00 133 150 150 2600 0.0 * 2,450.00 134 150 150 0 0.0 -150.00 135 150 150 0 0.0 -150.00 136 150 150 0 0.0 -150.00 137 150 150 0 0.0 -150.00 138 150 850 0 * 700.00 -850.00 139 150 150 0 0.0 -150.00 140 150 150 2600 0.0 * 2,450.00 141 150 150 0 0.0 -150.00 142 150 150 0 0.0 -150.00 143 150 150 0 0.0 -150.00 144 150 850 0 * 700.00 -850.00 145 150 150 0 0.0 -150.00 146 150 150 0 0.0 -150.00 147 150 150 2600 0.0 * 2,450.00 148 150 150 0 0.0 -150.00 149 150 150 0 0.0 -150.00 150 150 850 0 * 700.00 -850.00 151 150 150 0 0.0 -150.00 152 150 150 0 0.0 -150.00 153 150 150 0 0.0 -150.00 154 150 150 2600 0.0 * 2,450.00 155 150 150 0 0.0 -150.00 156 150 850 0 * 700.00 -850.00 157 150 150 0 0.0 -150.00 158 150 150 0 0.0 -150.00 159 150 150 0 0.0 -150.00 160 150 150 0 0.0 -150.00 161 150 150 2600 0.0 * 2,450.00 162 150 850 0 * 700.00 -850.00 163 150 150 0 0.0 -150.00 164 150 150 0 0.0 -150.00 165 150 150 0 0.0 -150.00 166 150 150 0 0.0 -150.00 167 150 150 0 0.0 -150.00 168 150 850 2600 * 700.00 * 1,750.00 169 150 150 0 0.0 -150.00 170 150 150 0 0.0 -150.00 171 150 150 0 0.0 -150.00 172 150 150 0 0.0 -150.00 173 150 150 0 0.0 -150.00 174 150 850 0 * 700.00 -850.00 175 150 150 2600 0.0 * 2,450.00 176 150 150 0 0.0 -150.00 177 150 150 0 0.0 -150.00 178 150 150 0 0.0 -150.00 179 150 150 0 0.0 -150.00 180 150 850 0 * 700.00 -850.00 181 150 150 0 0.0 -150.00 182 150 150 2600 0.0 * 2,450.00 183 150 150 0 0.0 -150.00 184 150 150 0 0.0 -150.00 185 150 150 0 0.0 -150.00 186 150 850 0 * 700.00 -850.00 187 150 150 0 0.0 -150.00 188 150 150 0 0.0 -150.00 189 150 150 2600 0.0 * 2,450.00 190 150 150 0 0.0 -150.00 191 150 150 0 0.0 -150.00 192 150 850 0 * 700.00 -850.00 193 150 150 0 0.0 -150.00 194 150 150 0 0.0 -150.00 195 150 150 0 0.0 -150.00 196 150 150 2600 0.0 * 2,450.00 197 150 150 0 0.0 -150.00 198 150 850 0 * 700.00 -850.00 199 150 150 0 0.0 -150.00 200 150 150 0 0.0 -150.00 201 150 150 0 0.0 -150.00 202 150 150 0 0.0 -150.00 203 150 150 2600 0.0 * 2,450.00 204 150 850 0 * 700.00 -850.00 205 150 150 0 0.0 -150.00 206 150 150 0 0.0 -150.00 207 150 150 0 0.0 -150.00 208 150 150 0 0.0 -150.00 209 150 150 0 0.0 -150.00 210 1150 2850 5600 * 1,700.00 * 2,750.00 VPL Newnan_8_10_aula Fluxo líquido A B C Posição-- > 1 2 3 TMAR 0.08 Ano ↓ Alternativa --> A B C WACC 0.08 0 Custo inicial * 1,000.00 * 2,000.00 * 3,000.00 1 Fluxo de caixa anual * 150.00 * 150.00 0.0 2 Valor residual * 1,000.00 * 2,700.00 * 5,600.00 3 Vida útil 5 6 7 4 Ordem (posição) 1 2 3 5 Aparições 6 Passo 1 2 3 7 Defendente 8 Desafiante 9 TIR 10 ΔTIR 11 Alternativa a eliminar 12 13 Conclusão: a alternativa B é financeiramente superior 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 N7_Ex.7_defla Ano Projeto 1: Porto de Santos, CODESP 1 Projeto 2: Porto de Santos, CODESP 2 Taxa de inflação (pontos percentuais) Ano t Deflator Fluxos de caixa líquidos deflacionados Projeto 2 Incremental 1-2 WACC 0.07 TJLP BNDES Receita Despesa Receita Despesa 1 2 Incremental (1-2) t FLD FLD < 0 FLD > 0 t FLD FLD < 0 FLD > 0 TMAR 0.0991 LTN Tesouro Nacional 2017 0.0 * 24,170.00 0.0 * 4,991.00 * 0.0393 * 1.00 2017 0 * 1.00 -24,170.00 -4,991.00 -19,179.00 0 -4,991.00 -4,991.00 0.0 0 -19,179.00 -19,179.00 0.0 2018 0.0 * 23,518.00 0.0 * 4,452.00 * 0.0434 * 1.04 2018 1 * 0.96 -22,539.77 -4,266.82 -18,272.95 1 -4,266.82 -4,266.82 0.0 1 -18,272.95 -18,272.95 0.0 2019 0.0 * 61,832.00 0.0 * 4,452.00 * 0.0429 * 1.04 2019 2 * 0.92 -56,822.43 -4,091.30 -52,731.13 2 -4,091.30 -4,091.30 0.0 2 -52,731.13 -52,731.13 0.0 2020 * 79,767.00 * 61,600.00 0.0 * 4,452.00 * 0.0425 * 1.04 2020 3 * 0.88 * 16,014.51 -3,924.51 * 19,939.02 3 -3,924.51 -3,924.51 0.0 3 * 19,939.02 0.0 * 19,939.02 2021 * 81,796.00 * 62,375.00 0.0 * 39,472.00 * 0.0419 * 1.04 2021 4 * 0.85 * 16,431.45 -33,395.93 * 49,827.38 4 -33,395.93 -33,395.93 0.0 4 * 49,827.38 0.0 * 49,827.38 2022 * 83,566.00 * 63,149.00 * 62,056.00 * 39,427.00 * 0.0419 * 1.04 2022 5 * 0.81 * 16,579.46 * 18,375.69 -1,796.24 5 * 18,375.69 0.0 * 18,375.69 5 -1,796.24 -1,796.24 0.0 2023 * 85,337.00 * 63,846.00 * 62,056.00 * 39,427.00 * 0.0419 * 1.04 2023 6 * 0.78 * 16,749.77 * 17,636.71 -886.94 6 * 17,636.71 0.0 * 17,636.71 6 -886.94 -886.94 0.0 2024 * 87,107.00 * 64,891.00 * 62,056.00 * 41,160.00 * 0.0419 * 1.04 2024 7 * 0.75 * 16,618.51 * 15,631.10 * 987.42 7 * 15,631.10 0.0 * 15,631.10 7 * 987.42 0.0 * 987.42 2025 * 89,708.00 * 65,975.00 * 62,056.00 * 41,437.00 * 0.0419 * 1.04 2025 8 * 0.72 * 17,039.34 * 14,803.62 * 2,235.73 8 * 14,803.62 0.0 * 14,803.62 8 * 2,235.73 0.0 * 2,235.73 2026 * 92,310.00 * 67,027.00 * 62,056.00 * 41,423.00 * 0.0419 * 1.04 2026 9 * 0.69 * 17,422.19 * 14,217.94 * 3,204.26 9 * 14,217.94 0.0 * 14,217.94 9 * 3,204.26 0.0 * 3,204.26 2027 * 94,912.00 * 68,056.00 * 62,056.00 * 41,442.00 * 0.0419 * 1.04 2027 10 * 0.66 * 17,761.90 * 13,633.60 * 4,128.31 10 * 13,633.60 0.0 * 13,633.60 10 * 4,128.31 0.0 * 4,128.31 2028 * 97,513.00 * 71,491.00 * 62,056.00 * 41,436.00 * 0.0419 * 1.04 2028 11 * 0.63 * 16,518.20 * 13,089.13 * 3,429.07 11 * 13,089.13 0.0 * 13,089.13 11 * 3,429.07 0.0 * 3,429.07 2029 * 100,115.00 * 74,868.00 * 62,056.00 * 41,409.00 * 0.0419 * 1.04 2029 12 * 0.61 * 15,381.75 * 12,579.20 * 2,802.55 12 * 12,579.20 0.0 * 12,579.20 12 * 2,802.55 0.0 * 2,802.55 2030 * 102,176.00 * 76,133.00 * 62,056.00 * 41,470.00 * 0.0419 * 1.04 2030 13 * 0.58 * 15,228.64 * 12,037.66 * 3,190.98 13 * 12,037.66 0.0 * 12,037.66 13 * 3,190.98 0.0 * 3,190.98 2031 * 104,778.00 * 77,637.00 * 62,056.00 * 41,861.00 * 0.0419 * 1.04 2031 14 * 0.56 * 15,232.45 * 11,334.12 * 3,898.33 14 * 11,334.12 0.0 * 11,334.12 14 * 3,898.33 0.0 * 3,898.33 2032 * 107,379.00 * 79,043.00 * 61,935.00 * 41,884.00 * 0.0419 * 1.04 2032 15 * 0.54 * 15,263.58 * 10,800.75 * 4,462.83 15 * 10,800.75 0.0 * 10,800.75 15 * 4,462.83 0.0 * 4,462.83 2033 * 109,981.00 * 78,713.00 * 61,935.00 * 41,653.00 * 0.0419 * 1.04 2033 16 * 0.52 * 16,165.61 * 10,485.83 * 5,679.78 16 * 10,485.83 0.0 * 10,485.83 16 * 5,679.78 0.0 * 5,679.78 2034 * 113,035.00 * 80,314.00 * 62,007.00 * 41,647.00 * 0.0419 * 1.04 2034 17 * 0.50 * 16,236.50 * 10,102.84 * 6,133.66 17 * 10,102.84 0.0 * 10,102.84 17 * 6,133.66 0.0 * 6,133.66 2035 * 116,254.00 * 80,904.00 * 62,007.00 * 41,635.00 * 0.0419 * 1.04 2035 18 * 0.48 * 16,835.63 * 9,702.27 * 7,133.35 18 * 9,702.27 0.0 * 9,702.27 18 * 7,133.35 0.0 * 7,133.35 2036 * 117,534.00 * 80,904.00 * 62,007.00 * 41,666.00 * 0.0419 * 1.04 2036 19 * 0.46 * 16,743.67 * 9,297.93 * 7,445.75 19 * 9,297.93 0.0 * 9,297.93 19 * 7,445.75 0.0 * 7,445.75 2037 * 117,534.00 * 80,924.00 * 62,007.00 * 41,633.00 * 0.0419 * 1.04 2037 20 * 0.44 * 16,061.55 * 8,938.49 * 7,123.06 20 * 8,938.49 0.0 * 8,938.49 20 * 7,123.06 0.0 * 7,123.06 2038 * 117,534.00 * 80,929.00 * 62,007.00 * 41,633.00 * 0.0419 * 1.04 2038 21 * 0.42 * 15,413.53 * 8,579.03 * 6,834.50 21 * 8,579.03 0.0 * 8,579.03 21 * 6,834.50 0.0 * 6,834.50 2039 * 117,534.00 * 80,891.00 * 62,007.00 * 41,653.00 * 0.0419 * 1.04 2039 22 * 0.40 * 14,809.03 * 8,225.94 * 6,583.10 22 * 8,225.94 0.0 * 8,225.94 22 * 6,583.10 0.0 * 6,583.10 2040 * 117,534.00 * 80,937.00 * 62,007.00 * 41,661.00 * 0.0419 * 1.04 2040 23 * 0.39 * 14,195.65 * 7,892.03 * 6,303.62 23 * 7,892.03 0.0 * 7,892.03 23 * 6,303.62 0.0 * 6,303.62 2041 * 117,534.00 * 80,904.00 * 62,007.00 * 41,620.00 * 0.0419 * 1.04 2041 24 * 0.37 * 13,637.05 * 7,589.92 * 6,047.14 24 * 7,589.92 0.0 * 7,589.92 24 * 6,047.14 0.0 * 6,047.14 VPL R$ 24,999.73 R$ 36,837.20 TIR 23% TIR 7% TIR 23% 6.75% VP (-) -R$ 41,233.35 VP (-) -R$ 84,185.63 Fonte: EBP/Portos/Terminais Portuários, projeto STS04_SANTOS-SP_CODESP (1) e projeto STS07_e_STS36_SANTOS-SP_CODESP (2) VF (+) 759014.1273366993 VF (+) * 657,406.38 TMAR 12.9038% TMAR 8.9410% B&T8.21 Fluxo líquido First cost, $ �150,000 �280,000 Fe Al Posição-- > 1 2 t FCI FCI- FCI+ Annual operating cost, $ per year �92,000 �74,000 TMAR 0.2 Ano ↓ Alternativa --> Fe Al 0 0.0 0.0 Salvage value, $ 30,000 70,000 WACC 0.2 0 Passo 1 2 1 0.0 0.0 Life, years 2 4 Custo inicial * 150,000.00 * 280,000.00 1 Defendente 2 0.0 0.0 Custo anual * 92,000.00 * 74,000.00 2 Desafiante 3 0.0 0.0 Valor residual * 30,000.00 * 70,000.00 3 TIR 4 0.0 0.0 Vida útil 2 4 4 ΔTIR * 309,424.00 Posição * 1.00 * 2.00 VPL R$ 0.00 R$ 0.00 Alternativa a eliminar 0.0 0.0 0 Ano Fluxo incremental (Al-Fe) ERROR:#DIV/0! 0 Incremental-- > 0.0 Conclusão: 1 0.0 2 0.0 3 0.0 4 0.0 TIR -R$ 25.0004 Newnan_8_6 Fluxo líquido A B C Posição-- > 1 2 3 Taxa de juros (TMAR) 0.06 Ano ↓ Alternativa --> A B C Ano A B C Custo inicial * 10,000.00 * 15,000.00 * 20,000.00 0 -10,000.00 -15,000.00 -20,000.00 0 -10,000.00 -15,000.00 -20,000.00 Receita anual * 1,625.00 * 1,625.00 * 1,890.00 1 * 1,625.00 * 1,625.00 * 1,890.00 1 * 1,625.00 * 1,625.00 * 1,890.00 Vida útil 10 20 20 2 * 1,625.00 * 1,625.00 * 1,890.00 2 * 1,625.00 * 1,625.00 * 1,890.00 Ordem (posição) 1 2 3 3 * 1,625.00 * 1,625.00 * 1,890.00 3 * 1,625.00 * 1,625.00 * 1,890.00 4 * 1,625.00 * 1,625.00 * 1,890.00 4 * 1,625.00 * 1,625.00 * 1,890.00 5 * 1,625.00 * 1,625.00 * 1,890.00 5 * 1,625.00 * 1,625.00 * 1,890.00 6 * 1,625.00 * 1,625.00 * 1,890.00 Passo 1 2 3 6 * 1,625.00 * 1,625.00 * 1,890.00 7 * 1,625.00 * 1,625.00 * 1,890.00 Defendente Fin A B 7 * 1,625.00 * 1,625.00 * 1,890.00 8 * 1,625.00 * 1,625.00 * 1,890.00 Desafiante A B C 8 * 1,625.00 * 1,625.00 * 1,890.00 9 * 1,625.00 * 1,625.00 * 1,890.00 TIR * 0.0996 NA NA 9 * 1,625.00 * 1,625.00 * 1,890.00 10 -8,375.00 * 1,625.00 * 1,890.00 ΔTIR NA 7% 1% 10 -8,375.00 * 1,625.00 * 1,890.00 11 * 1,625.00 * 1,625.00 * 1,890.00 Alternativa a eliminar Fin A C 11 * 1,625.00 * 1,625.00 * 1,890.00 12 * 1,625.00 * 1,625.00 * 1,890.00 12 * 1,625.00 * 1,625.00 * 1,890.00 13 * 1,625.00 * 1,625.00 * 1,890.00 Conclusão: B 13 * 1,625.00 * 1,625.00 * 1,890.00 14 * 1,625.00 * 1,625.00 * 1,890.00 14 * 1,625.00 * 1,625.00 * 1,890.00 15 * 1,625.00 * 1,625.00 * 1,890.00 15 * 1,625.00 * 1,625.00 * 1,890.00 16 * 1,625.00 * 1,625.00 * 1,890.00 16 * 1,625.00 * 1,625.00 * 1,890.00 17 * 1,625.00 * 1,625.00 * 1,890.00 17 * 1,625.00 * 1,625.00 * 1,890.00 18 * 1,625.00 * 1,625.00 * 1,890.00 18 * 1,625.00 * 1,625.00 * 1,890.00 19 * 1,625.00 * 1,625.00 * 1,890.00 19 * 1,625.00 * 1,625.00 * 1,890.00 20 * 1,625.00 * 1,625.00 * 1,890.00 20 * 1,625.00 * 1,625.00 * 1,890.00 VPL R$ 2,881.77 R$ 3,432.66 R$ 1,583.16 Fluxo incremental Fluxo incremental Incremental-- > B-A C-B Ano Fluxo incremental B-A Fluxo incremental C-B 0 -5,000.00 -5,000.00 0 -5,000.00 -5,000.00 1 0.0 * 265.00 1 0.0 * 265.00 2 0.0 * 265.00 2 0.0 * 265.00 3 0.0 * 265.00 3 0.0 * 265.00 4 0.0 * 265.00 4 0.0 * 265.00 5 0.0 * 265.00 5 0.0 * 265.00 6 0.0 * 265.00 6 0.0 * 265.00 7 0.0 * 265.00 7 0.0 * 265.00 8 0.0 * 265.00 8 0.0 * 265.00 9 0.0 * 265.00 9 0.0 * 265.00 10 * 10,000.00 * 265.00 10 * 10,000.00 * 265.00 11 0.0 * 265.00 11 0.0 * 265.00 12 0.0 * 265.00 12 0.0 * 265.00 13 0.0 * 265.00 13 0.0 * 265.00 14 0.0 * 265.00 14 0.0 * 265.00 15 0.0 * 265.00 15 0.0 * 265.00 16 0.0 * 265.00 16 0.0 * 265.00 17 0.0 * 265.00 17 0.0 * 265.00 18 0.0 * 265.00 18 0.0 * 265.00 19 0.0 * 265.00 19 0.0 * 265.00 20 0.0 * 265.00 20 0.0 * 265.00 TIR 7.18% 0.56% VF 17908.476965428545 R$ 9,748.18 VP -5,000.00 -5,000.00 TIRM 6.59% 3.39% Newnan_8_27_aula Fluxo líquido A B C D Posição-- > 1 2 3 4 TMAR 0.06 Ano ↓ Alternativa --> A D C B WACC 0.06 0 -2000 -3,000.00 -4000 -5,000.00 Custo inicial 2,000.00 5,000.00 4,000.00 3,000.00 1 -800 -1300 -400 -500 Custo anual 800 500 400 1,300.00 2 -800 -1300 -400 -500 Valor residual 2,000.00 1,500.00 1,400.00 3,000.00 3 -800 -1300 -400 -500 Vida útil 5 6 7 4 420 4 -800 -1300 -400 -500 Ordem (posição) 1 4 3 2 5 -800 -1300 -400 -500 Aparições 84 70 60 105 6 -800 -1300 -400 -4000 Passo 1 2 3 4 7 -800 -1300 -3000 -500 Defendente A 8 -800 -1300 -400 -500 Desafiante D No ciclo -800 -500 -400 -1300 9 -800 -1300 -400 -500 TIR NA NA NA NA Final de ciclo -800.00 -4,000.00 -3,000.00 -1,300.00 10 -800 -1300 -400 -500 ΔTIR Final de ciclo, t = 420 1,200.00 1,000.00 1,000.00 1,700.00 11 -800 -1300 -400 -500 Alternativa a eliminar 12 -800 -1300 -400 -4000 13 -800 -1300 -400 -500 Conclusão: a alternativa B é financeiramente superior 14 -800 -1300 -3000 -500 15 -800 -1300 -400 -500 16 -800 -1300 -400 -500 17 -800 -1300 -400 -500 18 -800 -1300 -400 -4000 19 -800 -1300 -400 -500 20 -800 -1300 -400 -500 21 -800 -1300 -3000 -500 22 -800 -1300 -400 -500 23 -800 -1300 -400 -500 24 -800 -1300 -400 -4000 25 -800 -1300 -400 -500 26 -800 -1300 -400 -500 27 -800 -1300 -400 -500 28 -800 -1300 -3000 -500 29 -800 -1300 -400 -500 30 -800 -1300 -400 -4000 31 -800 -1300 -400 -500 32 -800 -1300 -400 -500 33 -800 -1300 -400 -500 34 -800 -1300 -400 -500 35 -800 -1300 -3000 -500 36 -800 -1300 -400 -4000 37 -800 -1300 -400 -500 38 -800 -1300 -400 -500 39 -800 -1300 -400 -500 40 -800 -1300 -400 -500 41 -800 -1300 -400 -500 42 -800 -1300 -3000 -4000 43 -800 -1300 -400 -500 44 -800 -1300 -400 -500 45 -800 -1300 -400 -500 46 -800 -1300 -400 -500 47 -800 -1300 -400 -500 48 -800 -1300 -400 -4000 49 -800 -1300 -3000 -500 50 -800 -1300 -400 -500 51 -800 -1300 -400 -500 52 -800 -1300 -400 -500 53 -800 -1300 -400 -500 54 -800 -1300 -400 -4000 55 -800 -1300 -400 -500 56 -800 -1300 -3000 -500 57 -800 -1300 -400 -500 58 -800 -1300 -400 -500 59 -800 -1300 -400 -500 60 -800 -1300 -400 -4000 61 -800 -1300 -400 -500 62 -800 -1300 -400 -500 63 -800 -1300 -3000 -500 64 -800 -1300 -400 -500 65 -800 -1300 -400 -500 66 -800 -1300 -400 -4000 67 -800 -1300 -400 -500 68 -800 -1300 -400 -500 69 -800 -1300 -400 -500 70 -800 -1300 -3000 -500 71 -800 -1300 -400 -500 72 -800 -1300 -400 -4000 73 -800 -1300 -400 -500 74 -800 -1300 -400 -500 75 -800 -1300 -400 -500 76 -800 -1300 -400 -500 77 -800 -1300 -3000 -500 78 -800 -1300 -400 -4000 79 -800 -1300 -400 -500 80 -800 -1300 -400 -500 81 -800 -1300 -400 -500 82 -800 -1300 -400 -500 83 -800 -1300 -400 -500 84 -800 -1300 -3000 -4000 85 -800 -1300 -400 -500 86 -800 -1300 -400 -500 87 -800 -1300 -400 -500 88 -800 -1300 -400 -500 89 -800 -1300 -400 -500 90 -800 -1300 -400 -4000 91 -800 -1300 -3000 -500 92 -800 -1300 -400 -500 93 -800 -1300 -400 -500 94 -800 -1300 -400 -500 95 -800 -1300 -400 -500 96 -800 -1300 -400 -4000 97 -800 -1300 -400 -500 98 -800 -1300 -3000 -500 99 -800 -1300 -400 -500 100 -800 -1300 -400 -500 101 -800 -1300 -400 -500 102 -800 -1300 -400 -4000 103 -800 -1300 -400 -500 104 -800 -1300 -400 -500 105 -800 -1300 -3000 -500 106 -800 -1300 -400 -500 107 -800 -1300 -400 -500 108 -800 -1300 -400 -4000 109 -800 -1300 -400 -500 110 -800 -1300 -400 -500 111 -800 -1300 -400 -500 112 -800 -1300 -3000 -500 113 -800 -1300 -400 -500 114 -800 -1300 -400 -4000 115 -800 -1300 -400 -500 116 -800 -1300 -400 -500 117 -800 -1300 -400 -500 118 -800 -1300 -400 -500 119 -800 -1300 -3000 -500 120 -800 -1300 -400 -4000 121 -800 -1300 -400 -500 122 -800 -1300 -400 -500 123 -800 -1300 -400 -500 124 -800 -1300 -400 -500 125 -800 -1300 -400 -500 126 -800 -1300 -3000 -4000 127 -800 -1300 -400 -500 128 -800 -1300 -400 -500 129 -800 -1300 -400 -500 130 -800 -1300 -400 -500 131 -800 -1300 -400 -500 132 -800 -1300 -400 -4000 133 -800 -1300 -3000 -500 134 -800 -1300 -400 -500 135 -800 -1300 -400 -500 136 -800 -1300 -400 -500 137 -800 -1300 -400 -500 138 -800 -1300 -400 -4000 139 -800 -1300 -400 -500 140 -800 -1300 -3000 -500 141 -800 -1300 -400 -500 142 -800 -1300 -400 -500 143 -800 -1300 -400 -500 144 -800 -1300 -400 -4000 145 -800 -1300 -400 -500 146 -800 -1300 -400 -500 147 -800 -1300 -3000 -500 148 -800 -1300 -400 -500 149 -800 -1300 -400 -500 150 -800 -1300 -400 -4000 151 -800 -1300 -400 -500 152 -800 -1300 -400 -500 153 -800 -1300 -400 -500 154 -800 -1300 -3000 -500 155 -800 -1300 -400 -500 156 -800 -1300 -400 -4000 157 -800 -1300 -400 -500 158 -800 -1300 -400 -500 159 -800 -1300 -400 -500 160 -800 -1300 -400 -500 161 -800 -1300 -3000 -500 162 -800 -1300 -400 -4000 163 -800 -1300 -400 -500 164 -800 -1300 -400 -500 165 -800 -1300 -400 -500 166 -800 -1300 -400 -500 167 -800 -1300 -400 -500 168 -800 -1300 -3000 -4000 169 -800 -1300 -400 -500 170 -800 -1300 -400 -500 171 -800 -1300 -400 -500 172 -800 -1300 -400 -500 173 -800 -1300 -400 -500 174 -800 -1300 -400 -4000 175 -800 -1300 -3000 -500 176 -800 -1300 -400 -500 177 -800 -1300 -400 -500 178 -800 -1300 -400 -500 179 -800 -1300 -400 -500 180 -800 -1300 -400 -4000 181 -800 -1300 -400 -500 182 -800 -1300 -3000 -500 183 -800 -1300 -400 -500 184 -800 -1300 -400 -500 185 -800 -1300 -400 -500 186 -800 -1300 -400 -4000 187 -800 -1300 -400 -500 188 -800 -1300 -400 -500 189 -800 -1300 -3000 -500 190 -800 -1300 -400 -500 191 -800 -1300 -400 -500 192 -800 -1300 -400 -4000 193 -800 -1300 -400 -500 194 -800 -1300 -400 -500 195 -800 -1300 -400 -500 196 -800 -1300 -3000 -500 197 -800 -1300 -400 -500 198 -800 -1300 -400 -4000 199 -800 -1300 -400 -500 200 -800 -1300 -400 -500 201 -800 -1300 -400 -500 202 -800 -1300 -400 -500 203 -800 -1300 -3000 -500 204 -800 -1300 -400 -4000 205 -800 -1300 -400 -500 206 -800 -1300 -400 -500 207 -800 -1300 -400 -500 208 -800 -1300 -400 -500 209 -800 -1300 -400 -500 210 -800 -1300 -3000 -4000 211 -800 -1300 -400 -500 212 -800 -1300 -400 -500 213 -800 -1300 -400 -500 214 -800 -1300 -400 -500 215 -800 -1300 -400 -500 216 -800 -1300 -400 -4000 217 -800 -1300 -3000 -500 218 -800 -1300 -400 -500 219 -800 -1300 -400 -500 220 -800 -1300 -400 -500 221 -800 -1300 -400 -500 222 -800 -1300 -400 -4000 223 -800 -1300 -400 -500 224 -800 -1300 -3000 -500 225 -800 -1300 -400 -500 226 -800 -1300 -400 -500 227 -800 -1300 -400 -500 228 -800 -1300 -400 -4000 229 -800 -1300 -400 -500 230 -800 -1300 -400 -500 231 -800 -1300 -3000 -500 232 -800 -1300 -400 -500 233 -800 -1300 -400 -500 234 -800 -1300 -400 -4000 235 -800 -1300 -400 -500 236 -800 -1300 -400 -500 237 -800 -1300 -400 -500 238 -800 -1300 -3000 -500 239 -800 -1300 -400 -500 240 -800 -1300 -400 -4000 241 -800 -1300 -400 -500 242 -800 -1300 -400 -500 243 -800 -1300 -400 -500 244 -800 -1300 -400 -500 245 -800 -1300 -3000 -500 246 -800 -1300 -400 -4000 247 -800 -1300 -400 -500 248 -800 -1300 -400 -500 249 -800 -1300 -400 -500 250 -800 -1300 -400 -500 251 -800 -1300 -400 -500 252 -800 -1300 -3000 -4000 253 -800 -1300 -400 -500 254 -800 -1300 -400 -500 255 -800 -1300 -400 -500 256 -800 -1300 -400 -500 257 -800 -1300 -400 -500 258 -800 -1300 -400 -4000 259 -800 -1300 -3000 -500 260 -800 -1300 -400 -500 261 -800 -1300 -400 -500 262 -800 -1300 -400 -500 263 -800 -1300 -400 -500 264 -800 -1300 -400 -4000 265 -800 -1300 -400 -500 266 -800 -1300 -3000 -500 267 -800 -1300 -400 -500 268 -800 -1300 -400 -500 269 -800 -1300 -400 -500 270 -800 -1300 -400 -4000 271 -800 -1300 -400 -500 272 -800 -1300 -400 -500 273 -800 -1300 -3000 -500 274 -800 -1300 -400 -500 275 -800 -1300 -400 -500 276 -800 -1300 -400 -4000 277 -800 -1300 -400 -500 278 -800 -1300 -400 -500 279 -800 -1300 -400 -500 280 -800 -1300 -3000 -500 281 -800 -1300 -400 -500 282 -800 -1300 -400 -4000 283 -800 -1300 -400 -500 284 -800 -1300 -400 -500 285 -800 -1300 -400 -500 286 -800 -1300 -400 -500 287 -800 -1300 -3000 -500 288 -800 -1300 -400 -4000 289 -800 -1300 -400 -500 290 -800 -1300 -400 -500 291 -800 -1300 -400 -500 292 -800 -1300 -400 -500 293 -800 -1300 -400 -500 294 -800 -1300 -3000 -4000 295 -800 -1300 -400 -500 296 -800 -1300 -400 -500 297 -800 -1300 -400 -500 298 -800 -1300 -400 -500 299 -800 -1300 -400 -500 300 -800 -1300 -400 -4000 301 -800 -1300 -3000 -500 302 -800 -1300 -400 -500 303 -800 -1300 -400 -500 304 -800 -1300 -400 -500 305 -800 -1300 -400 -500 306 -800 -1300 -400 -4000 307 -800 -1300 -400 -500 308 -800 -1300 -3000 -500 309 -800 -1300 -400 -500 310 -800 -1300 -400 -500 311 -800 -1300 -400 -500 312 -800 -1300 -400 -4000 313 -800 -1300 -400 -500 314 -800 -1300 -400 -500 315 -800 -1300 -3000 -500 316 -800 -1300 -400 -500 317 -800 -1300 -400 -500 318 -800 -1300 -400 -4000 319 -800 -1300 -400 -500 320 -800 -1300 -400 -500 321 -800 -1300 -400 -500 322 -800 -1300 -3000 -500 323 -800 -1300 -400 -500 324 -800 -1300 -400 -4000 325 -800 -1300 -400 -500 326 -800 -1300 -400 -500 327 -800 -1300 -400 -500 328 -800 -1300 -400 -500 329 -800 -1300 -3000 -500 330 -800 -1300 -400 -4000 331 -800 -1300 -400 -500 332 -800 -1300 -400 -500 333 -800 -1300 -400 -500 334 -800 -1300 -400 -500 335 -800 -1300 -400 -500 336 -800 -1300 -3000 -4000 337 -800 -1300 -400 -500 338 -800 -1300 -400 -500 339 -800 -1300 -400 -500 340 -800 -1300 -400 -500 341 -800 -1300 -400 -500 342 -800 -1300 -400 -4000 343 -800 -1300 -3000 -500 344 -800 -1300 -400 -500 345 -800 -1300 -400 -500 346 -800 -1300 -400 -500 347 -800 -1300 -400 -500 348 -800 -1300 -400 -4000 349 -800 -1300 -400 -500 350 -800 -1300 -3000 -500 351 -800 -1300 -400 -500 352 -800 -1300 -400 -500 353 -800 -1300 -400 -500 354 -800 -1300 -400 -4000 355 -800 -1300 -400 -500 356 -800 -1300 -400 -500 357 -800 -1300 -3000 -500 358 -800 -1300 -400 -500 359 -800 -1300 -400 -500 360 -800 -1300 -400 -4000 361 -800 -1300 -400 -500 362 -800 -1300 -400 -500 363 -800 -1300 -400 -500 364 -800 -1300 -3000 -500 365 -800 -1300 -400 -500 366 -800 -1300 -400 -4000 367 -800 -1300 -400 -500 368 -800 -1300 -400 -500 369 -800 -1300 -400 -500 370 -800 -1300 -400 -500 371 -800 -1300 -3000 -500 372 -800 -1300 -400 -4000 373 -800 -1300 -400 -500 374 -800 -1300 -400 -500 375 -800 -1300 -400 -500 376 -800 -1300 -400 -500 377 -800 -1300 -400 -500 378 -800 -1300 -3000 -4000 379 -800 -1300 -400 -500 380 -800 -1300 -400 -500 381 -800 -1300 -400 -500 382 -800 -1300 -400 -500 383 -800 -1300 -400 -500 384 -800 -1300 -400 -4000 385 -800 -1300 -3000 -500 386 -800 -1300 -400 -500 387 -800 -1300 -400 -500 388 -800 -1300 -400 -500 389 -800 -1300 -400 -500 390 -800 -1300 -400 -4000 391 -800 -1300 -400 -500 392 -800 -1300 -3000 -500 393 -800 -1300 -400 -500 394 -800 -1300 -400 -500 395 -800 -1300 -400 -500 396 -800 -1300 -400 -4000 397 -800 -1300 -400 -500 398 -800 -1300 -400 -500 399 -800 -1300 -3000 -500 400 -800 -1300 -400 -500 401 -800 -1300 -400 -500 402 -800 -1300 -400 -4000 403 -800 -1300 -400 -500 404 -800 -1300 -400 -500 405 -800 -1300 -400 -500 406 -800 -1300 -3000 -500 407 -800 -1300 -400 -500 408 -800 -1300 -400 -4000 409 -800 -1300 -400 -500 410 -800 -1300 -400 -500 411 -800 -1300 -400 -500 412 -800 -1300 -400 -500 413 -800 -1300 -3000 -500 414 -800 -1300 -400 -4000 415 -800 -1300 -400 -500 416 -800 -1300 -400 -500 417 -800 -1300 -400 -500 418 -800 -1300 -400 -500 419 -800 -1300 -400 -500 420 1200 1700 1000 1000 Newnan_8_27_res Fluxo líquido Fluxo incremental Fluxo incremental Fluxo incremental A B C D Posição-- > 1 2 3 4 D-A C-A B-A TMAR 0.06 Ano ↓ Alternativa --> A D C B D-A (D-A)+ (D-A)- C-A (C-A)+ (C-A)- B-A (B-A)+ (B-A)- WACC 0.06 0 -2000 -3,000.00 -4000 -5,000.00 -1,000.00 0.0 -1,000.00 -2,000.00 0.0 -2,000.00 -3,000.00 0.0 -3,000.00 Custo inicial 2,000.00 5,000.00 4,000.00 3,000.00 1 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 Custo anual 800 500 400 1,300.00 2 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 Valor residual 2,000.00 1,500.00 1,400.00 3,000.00 3 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 Vida útil 5 6 7 4 420 4 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 Ordem (posição) 1 4 3 2 5 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 Aparições 84 70 60 105 6 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 Passo 1 2 3 4 7 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 Defendente A A A 8 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 Desafiante D C B No ciclo -800 -500 -400 -1300 9 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 TIR NA NA NA NA Final de ciclo -800.00 -4,000.00 -3,000.00 -1,300.00 10 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 VF(F+) * 500.0000 * 249,621,217,710,768.1000 * 182,066,663,053,282.5300 Final de ciclo, t = 420 1,200.00 1,000.00 1,000.00 1,700.00 11 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 VP(F-) * 9,333.33 * 6,368.28 * 10,646.01 12 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 ΔTIRM -0.006944204 5.98% 5.77% 13 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 Alternativa a eliminar D C B 14 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 15 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 Conclusão: foram eliminados B, C e D. Restou A. 16 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 17 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 18 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 19 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 20 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 21 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 22 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 23 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 24 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 25 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 26 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 27 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 28 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 29 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 30 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 31 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 32 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 33 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 34 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 35 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 36 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 37 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 38 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 39 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 40 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 41 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 42 -800 -1300 -3000 -4000 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 -3,200.00 0.0 -3,200.00 43 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 44 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 45 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 46 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 47 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 48 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 49 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 50 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 51 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 52 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 53 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 54 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 55 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 56 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 57 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 58 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 59 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 60 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 61 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 62 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 63 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 64 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 65 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 66 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 67 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 68 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 69 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 70 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 71 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 72 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 73 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 74 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 75 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 76 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 77 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 78 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 79 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 80 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 81 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 82 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 83 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 84 -800 -1300 -3000 -4000 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 -3,200.00 0.0 -3,200.00 85 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 86 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 87 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 88 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 89 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 90 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 91 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 92 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 93 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 94 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 95 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 96 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 97 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 98 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 99 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 100 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 101 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 102 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 103 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 104 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 105 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 106 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 107 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 108 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 109 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 110 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 111 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 112 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 113 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 114 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 115 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 116 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 117 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 118 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 119 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 120 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 121 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 122 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 123 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 124 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 125 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 126 -800 -1300 -3000 -4000 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 -3,200.00 0.0 -3,200.00 127 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 128 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 129 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 130 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 131 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 132 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 133 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 134 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 135 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 136 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 137 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 138 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 139 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 140 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 141 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 142 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 143 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 144 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 145 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 146 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 147 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 148 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 149 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 150 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 151 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 152 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 153 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 154 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 155 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 156 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 157 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 158 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 159 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 160 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 161 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 162 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 163 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 164 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 165 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 166 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 167 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 168 -800 -1300 -3000 -4000 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 -3,200.00 0.0 -3,200.00 169 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 170 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 171 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 172 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 173 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 174 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 175 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 176 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 177 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 178 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 179 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 180 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 181 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 182 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 183 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 184 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 185 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 186 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 187 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 188 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 189 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 190 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 191 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 192 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 193 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 194 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 195 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 196 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 197 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 198 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 199 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 200 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 201 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 202 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 203 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 204 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 205 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 206 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 207 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 208 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 209 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 210 -800 -1300 -3000 -4000 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 -3,200.00 0.0 -3,200.00 211 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 212 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 213 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 214 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 215 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 216 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 217 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 218 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 219 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 220 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 221 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 222 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 223 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 224 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 225 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 226 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 227 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 228 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 229 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 230 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 231 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 232 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 233 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 234 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 235 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 236 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 237 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 238 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 239 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 240 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 241 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 242 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 243 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 244 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 245 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 246 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 247 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 248 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 249 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 250 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 251 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 252 -800 -1300 -3000 -4000 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 -3,200.00 0.0 -3,200.00 253 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 254 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 255 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 256 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 257 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 258 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 259 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 260 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 261 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 262 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 263 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 264 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 265 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 266 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 267 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 268 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 269 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 270 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 271 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 272 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 273 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 274 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 275 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 276 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 277 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 278 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 279 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 280 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 281 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 282 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 283 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 284 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 285 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 286 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 287 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 288 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 289 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 290 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 291 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 292 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 293 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 294 -800 -1300 -3000 -4000 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 -3,200.00 0.0 -3,200.00 295 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 296 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 297 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 298 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 299 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 300 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 301 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 302 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 303 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 304 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 305 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 306 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 307 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 308 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 309 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 310 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 311 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 312 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 313 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 314 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 315 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 316 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 317 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 318 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 319 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 320 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 321 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 322 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 323 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 324 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 325 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 326 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 327 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 328 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 329 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 330 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 331 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 332 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 333 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 334 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 335 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 336 -800 -1300 -3000 -4000 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 -3,200.00 0.0 -3,200.00 337 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 338 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 339 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 340 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 341 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 342 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 343 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 344 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 345 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 346 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 347 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 348 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 349 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 350 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 351 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 352 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 353 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 354 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 355 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 356 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 357 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 358 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 359 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 360 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 361 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 362 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 363 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 364 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 365 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 366 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 367 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 368 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 369 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 370 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 371 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 372 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 373 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 374 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 375 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 376 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 377 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 378 -800 -1300 -3000 -4000 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 -3,200.00 0.0 -3,200.00 379 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 380 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 381 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 382 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 383 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 384 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 385 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 386 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 387 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 388 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 389 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 390 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 391 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 392 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 393 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 394 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 395 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 396 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 397 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 398 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 399 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 400 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 401 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 402 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 403 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 404 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 405 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 406 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 407 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 408 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 409 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 410 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 411 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 412 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 413 -800 -1300 -3000 -500 -500.00 0.0 -500.00 -2,200.00 0.0 -2,200.00 * 300.00 * 300.00 0.0 414 -800 -1300 -400 -4000 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 -3,200.00 0.0 -3,200.00 415 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 416 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 417 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 418 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 419 -800 -1300 -400 -500 -500.00 0.0 -500.00 * 400.00 * 400.00 0.0 * 300.00 * 300.00 0.0 420 1200 1700 1000 1000 * 500.00 * 500.00 0.0 -200.00 0.0 -200.00 -200.00 0.0 -200.00
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