The table shows a manufacturing loss in years 1 and 2 but indicates a profit in years 3,4 and 5 (4)Projected Balance Sheets Table 13.3 shows that in the 5th Year the Term Loans are paid off and a sma overdraft remains. Accumulated profits stand at E944, 325 Table 13. 1 Projected Cash Flow E000 ear E000s Cash flow Foreign Loan Local loan Net Profit (441)(164)367494689 Amortisation 39738683 243574110612321372 Cash Outflow Capital cost of Equipment building 6194 Working Capital (Stock of raw materials Debtors) Loan Interest during Construction Repayment of Loan 918918918918917 7589 918918918918917 Surplus(deficit) (620)(344)188314455The table shows a manufacturing loss in years 1 and 2 but indicates a profit in years 3,4 and 5. (4) Projected Balance Sheets Table 13.3 shows that in the 5th Year the Term Loans are paid off and a small overdraft remains. Accumulated profits stand at E944,325. Table 13.1 Projected Cash Flow €000~ Year Pre￾Production 1 2 3 4 5 EOOOs 60% 80% 100% 100% 100% Cash Flow Equity 3000 Foreign Loan 3800 Local Loan 789 Net Profit + (441) (164) 367 494 689 Depn + Amortisation 739 738 739 738 683 7589 243 574 1106 1232 1372 Cash Outflow Capital cost of Equipment & Buildings 6194 Vehicles 220 Pre-Op Expenses 300 Working Capital (Stock of Raw Materials & Debtors) 450 Loan Interest during Construction 425 Repayment of Loan 918 918 918 918 917 7589 918 918 918 918 917 Cash Surplus (deficit) (620) (344) 188 314 455 Accumulated Cash (620) (964) (775) (462) (7) 262