[eddiestevson]

but In daytime, sales would be on contract to local firms and paid by invoice 3 months in arrears. Sales as follows:
NightDay
TSales (£)Sales (£)
20101500019500
20111602520832.5
20121705022165
20131807523497.5
van cost £20,000, depreciated at 25% and will have a net worth of zero at the end. I paid £10,000 to a market researcher. He estimates I will need a cash float of £30,000. He estimates annual staff costs and stock costs:
Variable Costs
Staff Stock
TCosts (£) Costs (£)
20101755013500
20111808315120
20121861616934
20131914918967
Stock purchases from wholesalers given six months credit.
I will undertake the initial expenditure in 2009. Should I go ahead given that I currently earns 6.5% on my savings in a high interest account?
1. Set these figures out as a profit and loss account
2. Calculate the accounting rate of return
3. Work out the Net Present Value
4. Roughly work out the internal rate of return(to within a half percent either way)