Scenario

Transportation Time

Cash Balance (t = 300)

FTTC value

Base Case

10 days

36,128.9?o:p>

Scenario 1

15 days (from day 20)

36,010.2?o:p>

−118.7?o:p>

Scenario 2

5 days (from day 20)

36,143.9?o:p>

+15.0?o:p>