Case 12 - Working Computers

1) 12/31/2003 12/31/2004 12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 180000 150000 189000 246000 264000 264000 264000
Units sold with new investment
Units sold without new investment 180000 150000 102000 57000 48000 48000 48000 Price $495 per unit Annual Revenue forecast with New Investment in Bernoulli
Year 12/31/2003 12/31/2004 12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009
Revenue 74,250,000 93,555,000 121,770,000 130,680,000 130,680,000 130,680,000 Annual Revenue forecast without New Investment in Bernoulli
Year 12/31/2003 12/31/2004 12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009
Revenue - 74,250,000 50,490,000 28,215,000 23,760,000 23,760,000 23,760,000

2) Year 2004 Year 2005 and onwards
Cost of Goods sold 60% 54%
Operating Expenses 24% 26% Year 12/31/2003 12/31/2004 12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009
Cost of Goods Sold - 44,550,000 50,519,700 65,755,800 70,567,200 70,567,200 70,567,200
Operating Expenses - 17,820,000 24,324,300 31,660,200 33,976,800 33,976,800 33,976,800 Cost of Goods sold 60%
Operating Expenses 24% Year 12/31/2003 12/31/2004 12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009
Cost of Goods Sold - 44,550,000 30,294,000 16,929,000 14,256,000 14,256,000 14,256,000
Operating Expenses - 17,820,000 12,117,600 6,771,600 5,702,400 5,702,400 5,702,400
Please note that the investment will bring fruits from year 2005 so for the first two years we should assume the same cost of goods sold and operating expenses

3)