Year

n t

( 1 + W A C C ) n t

Δ T R t + ( 1 + W A C C ) n t

t 1

1 / ( 1 + r ) t 1

Δ T R t / ( 1 + r ) t 1

2016

6

1.777

13789.7

0

1.000

−12754.2

2017

5

1.615

23082.7

1

0.909

−7964.1

2018

4

1.467

23725.0

2

0.826

−10738.9

2019

3

1.333

40111.4

3

0.750

−10129.8

2020

2

1.211

9022.4

4

0.682

−22779.3

2021

1

1.101

11637.6

5

0.619

−10200.6

2022

0

1.000

17447.2

6

0.563

−6424.1

Total amounts

138816.0

−80991.1