Initial Cash Outflow a) Cost of asset $50,000 b)+Capitalised expenditures 20,000 c)+/-In(de)creased NWC + 5,000 d)-Net proceeds from sale of 0 old asset (if replacement) e)+/-Taxes (savings)due to d) 0 f Initial cash outflow $75,000 slide 8slide 8 Initial Cash Outflow Initial Cash Outflow a) Cost of asset $ 50,000 b) + Capitalised expenditures + 20,000 c) +/- In(de)creased NWC + 5,000 d) - Net proceeds from sale of old asset (if replacement) e) +/- Taxes (savings) due to d) 0 0 f) Initial cash outflow $ 75,000