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[null,null,null,null,"Financial Model Test - Nominal ",{"$f":"K147","v":true}]
[null,null,null,null,"Financial Model Test - Real ",{"$f":"J249","v":true},null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,24,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,"Applied in Mode"]
[null,null,"Case Description",null,"Code Number",7,"Simple Taxes with St Line Depreciation","No tax and No Inflation","Simple Taxes with St Line Depreciation","Simple Taxes and Inflation","Accelerated Depreciation","ITC and Accelerated Depreciation","Prior Case with Debt Financing","Prior Case with Degradation","Battery No tax and No Inflation","Battery No Taxes and Inflation","Simple Taxes with St Line Depreciation","Battery Accelerated Depreciation","ITC and Accelerated Depreciation","Prior Case with Debt Financing","Prior Case with Degradation","NREL","NREL with ITC",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"INDEX(H3:BE3,$F$3)","v":"Prior Case with Degradation"}]
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[null,null,"Carrying Charge Rate on Capital Costs - Nominal",null,null,null,null,{"$f":"H100","v":8.6346718526017385E-2},{"$f":"I100","v":0.10839504122914007},0.10839504122914007,9.1437845707521059E-2,6.3960546031679069E-2,3.8151381208919935E-2,4.0935698741952957E-2,0.1394349571509251,0.13557615125339853,0.15765513006355586,0.14356991686015816,0.10042680035869619,7.6983851835026665E-2,0.11765826377608538,6.262006628850865E-2,4.3845091499350529E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.7551475527701151E-2,5.6432305594793064E-2,5.6432305594793064E-2,5.6432305594793064E-2,5.6432305594793064E-2,5.6432305594793064E-2,5.6432305594793064E-2,5.6432305594793064E-2,5.6432305594793064E-2,5.6432305594793064E-2,5.6432305594793064E-2,5.6432305594793064E-2,5.6432305594793064E-2,5.6432305594793064E-2,5.6432305594793064E-2,5.6432305594793064E-2,5.7551475527701151E-2,{"$f":"INDEX(H5:BE5,$F$3)","v":4.0935698741952957E-2}]
[null,null,"Carrying Charge Rate on Capital Costs - Real",null,null,null,null,{"$f":"H101","v":8.6346718526017385E-2},{"$f":"I101","v":0.10839504122914007},8.0299111074400381E-2,6.7737210536696124E-2,4.7382010578509583E-2,2.603169142874141E-2,2.8269379849557755E-2,0.1394349571509251,0.12100502390514145,0.14071105135926737,0.12813965480737247,8.9633370366207957E-2,6.8126337261487618E-2,0.10436615515731759,4.5036328583549813E-2,3.1533373638458095E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.953883888929053E-2,3.8769950181203598E-2,3.8769950181203598E-2,3.8769950181203598E-2,3.8769950181203598E-2,3.8769950181203598E-2,3.8769950181203598E-2,3.8769950181203598E-2,3.8769950181203598E-2,3.8769950181203598E-2,3.8769950181203598E-2,3.8769950181203598E-2,3.8769950181203598E-2,3.8769950181203598E-2,3.8769950181203598E-2,3.8769950181203598E-2,3.953883888929053E-2,{"$f":"INDEX(H6:BE6,$F$3)","v":2.8269379849557755E-2}]
[]
[null,null,"Resulting Levelised Cost per Unit Nominal",null,null,null,null,{"$f":"H124","v":30.173564700849326},{"$f":"I124","v":36.713108281515417},38.309690183443138,33.2801774802479,25.130396604456301,18.003258973398186,19.317150843704749,46.04943870072556,45.324514587349562,51.87315078474964,47.695469478699664,34.89919946913988,27.989807801375228,40.374153543837252,24.917813538719404,19.349146592357197,23.711677314122806,23.711677314122806,23.711677314122806,23.711677314122806,23.711677314122806,23.711677314122806,23.711677314122806,23.711677314122806,23.711677314122806,23.711677314122806,23.711677314122806,23.711677314122806,23.711677314122806,23.711677314122806,23.711677314122806,23.711677314122806,23.711677314122806,23.711677314122806,23.379730950266886,23.379730950266886,23.379730950266886,23.379730950266886,23.379730950266886,23.379730950266886,23.379730950266886,23.379730950266886,23.379730950266886,23.379730950266886,23.379730950266886,23.379730950266886,23.379730950266886,23.379730950266886,23.379730950266886,23.711677314122806,{"$f":"INDEX(H8:BE8,$F$3)","v":19.317150843704749}]
[null,null,"Resulting Levelised Cost per Unit Real",null,null,null,null,{"$f":"H123","v":30.173564700849326},{"$f":"I123","v":36.713108281515417},28.379841295167807,24.653975290373022,18.616612765699852,12.28409738931413,13.340040394919189,46.04943870072556,40.453235472663451,46.298053106787037,42.569370579416884,31.14838728634961,24.769390472264181,35.812998066336732,17.920882308604781,13.915899094226678,16.29032410588129,16.29032410588129,16.29032410588129,16.29032410588129,16.29032410588129,16.29032410588129,16.29032410588129,16.29032410588129,16.29032410588129,16.29032410588129,16.29032410588129,16.29032410588129,16.29032410588129,16.29032410588129,16.29032410588129,16.29032410588129,16.29032410588129,16.29032410588129,16.062271329127235,16.062271329127235,16.062271329127235,16.062271329127235,16.062271329127235,16.062271329127235,16.062271329127235,16.062271329127235,16.062271329127235,16.062271329127235,16.062271329127235,16.062271329127235,16.062271329127235,16.062271329127235,16.062271329127235,16.29032410588129,{"$f":"INDEX(H9:BE9,$F$3)","v":13.340040394919189}]
[]
[null,"Project Inputs"]
[null,null,null,"Size in MW per Hour","MW",null,null,1,{"$f":"H12","v":1},{"$f":"I12","v":1},{"$f":"J12","v":1},{"$f":"K12","v":1},{"$f":"L12","v":1},1,1,1,1,1,1,1,1,1,1,1,1,{"$f":"Y12","v":1},1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,{"$f":"INDEX(H12:BE12,$F$3)","v":1}]
[null,null,null,"Size in  Battery kWh","MWH"]
[null,null,null,"Cost/kW","USD/kW",650,null,{"$f":"$F$14","v":650},{"$f":"$F$14","v":650},650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,650,{"$f":"INDEX(H14:BE14,$F$3)","v":650}]
[null,null,null,"Cost/kWh","USD/kWh"]
[]
[null,null,null,"Total Up-Front Cost (No Construction)","USD Up-front",null,null,{"$f":"H14*H12*1000","v":650000},{"$f":"I14*I12*1000","v":650000},650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,650000,{"$f":"BC14*BC12*1000","v":650000},{"$f":"BD14*BD12*1000","v":650000},{"$f":"BE14*BE12*1000","v":650000},{"$f":"INDEX(H17:BE17,$F$3)","v":650000}]
[]
[null,null,null,"Capacity Factor","%",null,null,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,{"$f":"INDEX(H19:BE19,$F$3)","v":0.25}]
[null,null,null,"Battery Round Trip Efficiency","%"]
[null,null,null,"Hours of Operation at Load Factor","Hours/Year",null,null,{"$f":"H19*8766","v":2191.5},{"$f":"I19*8766","v":2191.5},2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,{"$f":"BC19*8766","v":2191.5},{"$f":"BD19*8766","v":2191.5},{"$f":"BE19*8766","v":2191.5},{"$f":"INDEX(H21:BE21,$F$3)","v":2191.5}]
[null,null,null,"Annual Energy","MWh/Year",null,null,{"$f":"H12*H21","v":2191.5},{"$f":"I12*I21","v":2191.5},2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,{"$f":"BC12*BC21","v":2191.5},{"$f":"BD12*BD21","v":2191.5},{"$f":"BE12*BE21","v":2191.5},{"$f":"INDEX(H22:BE22,$F$3)","v":2191.5}]
[null,null,null,"MW Hours/Yr","Units/year",null,null,{"$f":"8766*H19*H12","v":2191.5},{"$f":"8766*I19*I12","v":2191.5},2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,{"$f":"8766*BC19*BC12","v":2191.5},{"$f":"8766*BD19*BD12","v":2191.5},{"$f":"8766*BE19*BE12","v":2191.5},{"$f":"INDEX(H23:BE23,$F$3)","v":2191.5}]
[]
[null,null,null,"Capacity","MW"]
[]
[null,null,null,"Battery as Percent of Cap Exp","%"]
[null,null,null,"Fixed O&M","USD/kW-Year",null,null,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,{"$f":"INDEX(H28:AS28,$F$3)","v":10}]
[]
[null,null,null,"Heat Rate","MMBTU/MWH"]
[null,null,null,"Natural Gas Price/Diesel Price","USD/MMBTU",{"$f":"J31","v":0}]
[null,null,null,"Natural Gas Cost per MWH","USD/MWH"]
[null,null,null,"Variable Cost of NGCC","USD/MWH"]
[null,null,null,"Total Variable Cost","USD/MWH"]
[]
[null,null,null,"MMBTU Used","MMBTU"]
[null,null,null,"Tons CO2/MWH","Tons/MWH"]
[null,null,null,"Tons CO2 ","Tons  "]
[null,null,null,"Tons CO2/MMBTU","Tons/MMBTU"]
[null,null,null,"Carbon Cost/Ton","USD/Ton"]
[null,null,null,"Total Variable Cost of Emissions","USD"]
[null,null,null,"Total Variable Cost of Emissions","USD/MWH"]
[null,null,null,null," "]
[null,null,null,"Total Variable Cost   ","USD/Year"]
[]
[null,null,null,"Energy Purchased for Battery","MWH/Year"]
[null,null,null,"Cost of Energy Purchased","USD/MWH"]
[null,null,null,"Battery Charging Cost (Peaker)","USD/MWH"]
[null,null,null,"Fixed O&M","USD/kW-Year",null,null,{"$f":"H51/H12/1000","v":10},{"$f":"I51/I12/1000","v":10},10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,10,{"$f":"BC51/BC12/1000","v":10},{"$f":"BD51/BD12/1000","v":10},{"$f":"BE51/BE12/1000","v":10},{"$f":"INDEX(H49:AS49,$F$3)","v":10}]
[]
[null,null,null,"Total O&M Cost per Year","USD/year",null,null,{"$f":"H28*H12*1000+H44","v":10000},{"$f":"I28*I12*1000+I44","v":10000},10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,10000,{"$f":"BC28*BC12*1000+BC44","v":10000},{"$f":"BD28*BD12*1000+BD44","v":10000},{"$f":"BE28*BE12*1000+BE44","v":10000},{"$f":"INDEX(H51:BE51,$F$3)","v":10000}]
[]
[null,"Capital Charge Inputs"]
[null,null,null,"Total Plant Life","Years",35,null,{"$f":"$F$54","v":35},{"$f":"$F$54","v":35},35,35,35,35,35,12,12,12,12,12,12,12,{"$f":"NREL!G4","v":30},30,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,35,{"$f":"INDEX(H54:BE54,$F$3)","v":35}]
[]
[null,null,null,"Construction Period","Years",null,null,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,0.5,{"$f":"INDEX(H56:BE56,$F$3)","v":0.5}]
[null,null,null,"Construction Return","% p.a.",null,null,{"$f":"H82","v":7.6999999999999999E-2},{"$f":"I82","v":7.6999999999999999E-2},7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,3.8150000000000003E-2,3.8150000000000003E-2,7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,3.8150000000000003E-2,3.8150000000000003E-2,4.2361457442468484E-2,{"$f":"V57","v":4.2361457442468484E-2},4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,4.1108715026407859E-2,{"$f":"INDEX(H57:BE57,$F$3)","v":3.8150000000000003E-2}]
[null,null,null,"Construction Factor","Factor",null,null,{"$f":"(1+H57)^(H56)","v":1.0377861051295685},{"$f":"(1+I57)^(I56)","v":1.0377861051295685},1.0377861051295685,1.0377861051295685,1.0377861051295685,1.0188964618645018,1.0188964618645018,1.0377861051295685,1.0377861051295685,1.0377861051295685,1.0377861051295685,1.0377861051295685,1.0188964618645018,1.0188964618645018,1.0209610459965985,{"$f":"(1+W57)^(W56)","v":1.0209610459965985},1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,1.0203473501834597,{"$f":"INDEX(H58:BE58,$F$3)","v":1.0188964618645018}]
[]
[null,null,null,"State Income Tax Rate","% p.a.",null,null,0,7.0000000000000007E-2,7.0000000000000007E-2,7.0000000000000007E-2,7.0000000000000007E-2,7.0000000000000007E-2,7.0000000000000007E-2,0,0,7.0000000000000007E-2,7.0000000000000007E-2,7.0000000000000007E-2,7.0000000000000007E-2,7.0000000000000007E-2,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"INDEX(H60:BE60,$F$3)","v":7.0000000000000007E-2}]
[null,null,null,"Federal Income Tax Rate","% p.a.",null,null,0,0.21,0.21,0.21,0.21,0.21,0.21,0,0,0.21,0.21,0.21,0.21,0.21,{"$f":"NREL!G11","v":0.25740000000000002},{"$f":"V61","v":0.25740000000000002},0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,{"$f":"INDEX(H61:BE61,$F$3)","v":0.21}]
[null,null,null,"Total Tax Rate","% p.a.",null,null,{"$f":"H60+H61","v":0},{"$f":"I60+I61","v":0.28000000000000003},{"$f":"J60+J61","v":0.28000000000000003},{"$f":"K60+K61","v":0.28000000000000003},0.28000000000000003,0.28000000000000003,0.28000000000000003,0,0,0.28000000000000003,0.28000000000000003,0.28000000000000003,0.28000000000000003,0.28000000000000003,0.25740000000000002,{"$f":"W60+W61","v":0.25740000000000002},0.3,0.3,0.3,0.3,0.3,0.3,{"$f":"AD60+AD61","v":0.3},0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3,{"$f":"INDEX(H62:BE62,$F$3)","v":0.28000000000000003}]
[]
[null,null,null,"Investment Tax Credit Percent","%",null,null,0,0,0,0,0.26,0.26,0.26,0,0,0,0,0.26,0.26,0,0,0.26,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"INDEX(H64:BE64,$F$3)","v":0.26}]
[]
[null,null,null,"Tax Life","Year",null,null,35,{"$f":"H66","v":35},35,5,5,{"$f":"L66","v":5},5,10,15,15,5,5,5,5,5,5,5,5,5,5,5,5,{"$f":"AC66","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,{"$f":"INDEX(H66:BE66,$F$3)","v":5}]
[null,null,null,"Variable Delining Factor (1-SL)","Factor",null,null,1,1,1,2,2,{"$f":"L67","v":2},2,1,1,1,2,2,2,2,2,2,2,2,2,2,2,2,{"$f":"AC67","v":2},2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,{"$f":"INDEX(H67:BE67,$F$3)","v":2}]
[null,null,null,"NPV of Tax Depreciation x Tax Rate at Nominal Rate","%",null,null,{"$f":"LOOKUP(H2,$E$302:$E$351,$F$302:$F$351)","v":0},9.6150600541176995E-2,9.6150600541176995E-2,0.23754776054890664,0.23754776054890664,0.25738368057818073,0.25738368057818073,0,0,0.1627458620388092,0.23754776054890664,0.23754776054890664,0.25738368057818073,0.25738368057818073,0.2344998765223521,0.2344998765223521,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,{"$f":"LOOKUP(AN2,$E$302:$E$351,$F$302:$F$351)","v":0.27403696600260558},0.27403696600260558,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.27403696600260558,{"$f":"INDEX(H68:BE68,$F$3)","v":0.25738368057818073}]
[null,null,null,"Tax Factor applied by NREL","Factor",null,null,{"$f":"(1-H68)/(1-H62)","v":1},{"$f":"(1-I68)/(1-I62)","v":1.2553463881372542},1.2553463881372542,1.058961443682074,1.058961443682074,1.0314115547525269,1.0314115547525269,1,1,1.1628529693905429,1.058961443682074,1.058961443682074,1.0314115547525269,1.0314115547525269,1.0308377639074173,1.0308377639074173,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0370900485677064,1.0169223640829446,1.0169223640829446,1.0169223640829446,1.0169223640829446,1.0169223640829446,1.0169223640829446,1.0169223640829446,1.0169223640829446,1.0169223640829446,1.0169223640829446,1.0169223640829446,1.0169223640829446,1.0169223640829446,1.0169223640829446,1.0169223640829446,1.0370900485677064,{"$f":"INDEX(H69:BE69,$F$3)","v":1.0314115547525269}]
[null,null,null,"ITC Basis Reduction","%",null,null,{"$f":"H64/2","v":0},{"$f":"I64*0.5","v":0},0,0,0.13,0.13,0.13,0,0,0,0,0.13,0.13,0,0,0.13,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"AO64*0.5","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"INDEX(H70:BE70,$F$3)","v":0.13}]
[null,null,null,"Benefit from Tax Depreciation with ITC","%",null,null,{"$f":"H68/(1-H64)*(1-H70)","v":0},{"$f":"I68/(1-I64)*(1-I70)","v":9.6150600541176995E-2},9.6150600541176995E-2,0.23754776054890664,0.27927912388857939,0.30259973257164491,0.30259973257164491,0,0,0.1627458620388092,0.23754776054890664,0.27927912388857939,0.30259973257164491,0.25738368057818073,0.2344998765223521,0.27569580077627887,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.27403696600260558,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.28815434514193888,0.27403696600260558,{"$f":"INDEX(H71:BE71,$F$3)","v":0.30259973257164491}]
[]
[null,null,null,"Degradation","% p.a.",null,null,0,{"$f":"H73","v":0},0,{"$f":"J73","v":0},0,0,5.0000000000000001E-3,5.0000000000000001E-3,0,{"$f":"P73","v":0},0,0,0,0.01,0,0,0,0,0,0,0,0,{"$f":"AC73","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"INDEX(H73:BE73,$F$3)","v":5.0000000000000001E-3}]
[null,null,null,"Inflation Rate","% p.a.",null,null,0,0,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,0,0.02,0.02,0.02,0.02,0.02,0.02,{"$f":"NREL!G3","v":2.5000000000000001E-2},2.5000000000000001E-2,{"$f":"W74","v":2.5000000000000001E-2},2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,{"$f":"AC74","v":2.5000000000000001E-2},2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,2.5000000000000001E-2,{"$f":"INDEX(H74:BE74,$F$3)","v":2.5000000000000001E-2}]
[]
[null,null,null,"Pre-tax Interest Rate","%",35,null,{"$f":"F76/1000","v":3.5000000000000003E-2},{"$f":"H76","v":3.5000000000000003E-2},{"$f":"I76","v":3.5000000000000003E-2},3.5000000000000003E-2,3.5000000000000003E-2,3.5000000000000003E-2,3.5000000000000003E-2,3.5000000000000003E-2,3.5000000000000003E-2,3.5000000000000003E-2,3.5000000000000003E-2,3.5000000000000003E-2,3.5000000000000003E-2,3.5000000000000003E-2,{"$f":"NREL!G5","v":0.04},{"$f":"V76","v":0.04},0.04,0.04,0.04,0.04,0.04,0.04,{"$f":"AC76","v":0.04},0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,0.04,{"$f":"BB76","v":0.04},{"$f":"BC76","v":0.04},{"$f":"BD76","v":0.04},{"$f":"INDEX(H76:BE76,$F$3)","v":3.5000000000000003E-2}]
[null,null,null,"After-tax Interest Rate Applied","%",null,null,{"$f":"H76*(1-H62)","v":3.5000000000000003E-2},2.52E-2,2.52E-2,2.52E-2,2.52E-2,2.52E-2,2.52E-2,3.5000000000000003E-2,3.5000000000000003E-2,2.52E-2,2.52E-2,2.52E-2,2.52E-2,2.52E-2,2.9703999999999998E-2,2.9703999999999998E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,{"$f":"AN76*(1-AN62)","v":2.7999999999999997E-2},2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,2.7999999999999997E-2,{"$f":"INDEX(H77:BE77,$F$3)","v":2.52E-2}]
[null,null,null,"Minimum Target Equity IRR","%",77,null,{"$f":"F78/1000","v":7.6999999999999999E-2},{"$f":"H78","v":7.6999999999999999E-2},{"$f":"I78","v":7.6999999999999999E-2},7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,{"$f":"NREL!G8","v":7.7499999999999999E-2},{"$f":"V78","v":7.7499999999999999E-2},7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,{"$f":"AC78","v":7.7499999999999999E-2},7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,7.7499999999999999E-2,{"$f":"BB78","v":7.7499999999999999E-2},{"$f":"BC78","v":7.7499999999999999E-2},{"$f":"BD78","v":7.7499999999999999E-2},{"$f":"INDEX(H78:BE78,$F$3)","v":7.6999999999999999E-2}]
[]
[null,null,null,"Debt Percent","%",60,null,0,{"$f":"H80","v":0},{"$f":"I80","v":0},{"$f":"J80","v":0},{"$f":"K80","v":0},0.75,{"$f":"M80","v":0.75},0,{"$f":"O80/100","v":0},0,0,0,0.75,0.75,{"$f":"NREL!G10","v":0.73517747421398261},{"$f":"V80","v":0.73517747421398261},0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,0.73517747421398261,{"$f":"INDEX(H80:BE80,$F$3)","v":0.75}]
[null,null,null,"Equity Percent","%",null,null,{"$f":"1-H80","v":1},{"$f":"1-I80","v":1},{"$f":"1-J80","v":1},{"$f":"1-K80","v":1},{"$f":"1-L80","v":1},{"$f":"1-M80","v":0.25},0.25,1,1,1,1,1,0.25,0.25,0.26482252578601739,{"$f":"1-W80","v":0.26482252578601739},0.26482252578601739,0.26482252578601739,{"$f":"1-Z80","v":0.26482252578601739},{"$f":"1-AA80","v":0.26482252578601739},{"$f":"1-AB80","v":0.26482252578601739},{"$f":"1-AC80","v":0.26482252578601739},{"$f":"1-AD80","v":0.26482252578601739},0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,0.26482252578601739,{"$f":"1-BC80","v":0.26482252578601739},{"$f":"1-BD80","v":0.26482252578601739},{"$f":"1-BE80","v":0.26482252578601739},{"$f":"INDEX(H81:BE81,$F$3)","v":0.25}]
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[null,null,null,"WACC Pre-tax","%",null,null,{"$f":"H76*H80+H81*H78","v":7.6999999999999999E-2},{"$f":"I76*I80+I81*I78","v":7.6999999999999999E-2},7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,4.5499999999999999E-2,4.5499999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,7.6999999999999999E-2,4.5499999999999999E-2,4.5499999999999999E-2,4.9930844716975654E-2,{"$f":"W76*W80+W81*W78","v":4.9930844716975654E-2},4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,4.9930844716975654E-2,{"$f":"INDEX(H83:BE83,$F$3)","v":4.5499999999999999E-2}]
[]
[null,"Carrying Charge Calculations"]
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[]
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[]
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[]
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[null,null,null,"Carrying charge rate - Nominal After-Tax","% p.a.","CCR x Construction",null,{"$f":"H92*H95","v":8.6346718526017385E-2},{"$f":"I92*I95","v":0.11992599795280193},0.11992599795280193,0.11992599795280193,0.11992599795280193,7.3925868630228084E-2,7.9321036135296424E-2,0.1394349571509251,0.13557615125339853,0.18830021007416464,0.18830021007416464,0.18830021007416464,0.14917148310411693,0.15843748743320221,8.1802816705015352E-2,8.1802816705015352E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,7.927604138574873E-2,{"$f":"INDEX(H97:BE97,$F$3)","v":7.9321036135296424E-2}]
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[]
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[null,"Real and Nominal O&M Calculations"]
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[null,"PPA with No Inflation (the case with nominal carrying charges)",null,null,"Driver"]
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[null,null,"Nominal"]
[null,null,null,"Price per MWH",{"$f":"BF124","v":19.317150843704749},null,null,{"$f":"$E$130*H128","v":19.317150843704749},{"$f":"$E$130","v":19.317150843704749},19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,{"$f":"$E$130","v":19.317150843704749},19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749,19.317150843704749]
[null,null,null,"Production without Degradation",{"$f":"BF109","v":2191.5},null,null,{"$f":"$E$131*H128","v":2191.5},2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,{"$f":"$E$131*AG128","v":2191.5},2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,2191.5,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$131*BT128","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Degradation Index",{"$f":"BF73","v":5.0000000000000001E-3},1,null,{"$f":"F132*(1-$E$132)","v":0.995},{"$f":"H132*(1-$E$132)","v":0.99002500000000004},0.98507487500000002,0.98014950062500006,0.97524875312187509,0.97037250935626573,0.96552064680948435,0.96069304357543694,0.95588957835755972,0.95111013046577186,0.94635457981344295,0.94162280691437572,0.93691469287980389,0.9322301194154049,0.92756896881832784,0.92293112397423616,0.91831646835436498,0.91372488601259316,0.90915626158253016,0.90461048027461755,0.90008742787324447,0.89558699073387826,0.89110905578020883,0.88665351050130781,0.8822202429488013,0.87780914173405733,0.87342009602538706,0.86905299554526017,0.86470773056753381,0.86038419191469617,0.85608227095512268,0.85180185960034704,0.84754285030234533,0.84330513605083357,0.83908861037057936,0.83489316731872643,0.83071870148213278,0.82656510797472216,0.82243228243484856,0.81832012102267426,0.81422852041756089,0.81015737781547303,0.80610659092639569,0.80207605797176373,0.79806567768190495,0.79407534929349544,0.79010497254702794,{"$f":"BB132*(1-$E$132)","v":0.78615444768429277},0.78222367544587135,0.778312557068642,0.7744209942832988,0.77054888931188226,0.76669614486532289,0.76286266414099624,0.75904835082029121,0.7552531090661897,0.75147684352085875,0.74771945930325445,0.74398086200673819,0.74026095769670452,0.73655965290822101,0.73287685464367991,0.72921247037046155,0.72556640801860928,{"$f":"BS132*(1-$E$132)","v":0.72193857597851618},0.71832888309862364,0.71473723868313055,0.71116355248971486,0.70760773472726624,0.7040696960536299,0.70054934757336174,0.69704660083549497,0.6935613678313175,0.6900935609921609,0.68664309318720007,0.68320987772126407,0.67979382833265778,0.67639485919099451,0.67301288489503952,0.66964782047056437,0.66629958136821155,0.66296808346137048,0.65965324304406359,0.65635497682884325,0.65307320194469898,0.64980783593497549,0.64655879675530059,0.64332600277152407,0.64010937275766644,0.63690882589387809,0.63372428176440865,0.63055566035558663,0.62740288205380867,0.62426586764353964,0.6211445383053219,0.61803881561379526,0.61494862153572627,0.61187387842804764,0.60881450903590739,0.60577043649072781]
[null,null,null,"Final Production with Degradation",null,null,{"$f":"SUM(H133:DC133)","v":70174.824764202174},{"$f":"H131*H132","v":2180.5425},{"$f":"I131*I132","v":2169.6397875000002},2158.7915885625002,2147.9976306196877,2137.2576424665895,2126.5713542542562,2115.938497482985,2105.3588049955702,2094.8320109705919,2084.3578509157392,2073.9360616611602,2063.5663813528545,2053.2485494460902,2042.9823066988599,2032.7673951653655,2022.6035581895385,2012.4905403985908,2002.4280876965979,1992.4159472581148,1982.4538675218243,1972.5415981842152,1962.6788901932941,1952.8654957423275,1943.101168263616,1933.3856624222981,{"$f":"AG131*AG132","v":1923.7187341101867},1914.1001404396357,1904.5296397374377,1895.0069915387503,1885.5319565810566,1876.1042967981514,1866.7237753141605,1857.3901564375899,1848.1032056554018,1838.8626896271246,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU131*BU132","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Nominal Revenues ",null,null,{"$f":"SUM(H134:DC134)","v":1355577.6754006408},{"$f":"H130*H133","v":42121.86839360906},41911.25905164102,41701.702756382816,41493.194242600905,41285.728271387903,41079.299630030953,40873.903131880805,40669.533616221401,40466.185948140286,40263.85501839959,40062.535743307584,39862.223064591046,39662.911949268091,39464.597389521754,39267.274402574149,39070.938030561272,38875.583340408462,38681.205423706422,38487.799396587885,38295.36039960495,38103.883597606924,37913.364179618889,37723.797358720796,37535.178371927192,37347.50248006756,37160.764967667223,36974.961142828884,36790.086337114742,36606.135905429168,36423.105225902022,36240.989699772515,36059.784751273648,{"$f":"AN130*AN133","v":35879.485827517281},35700.088398379696,35521.58795638779,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT130*BT133","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"CZ130*CZ133","v":0},{"$f":"DA130*DA133","v":0},{"$f":"DB130*DB133","v":0},{"$f":"DC130*DC133","v":0}]
[null,null,null,"Inflation Index",{"$f":"BF74","v":2.5000000000000001E-2},1,null,{"$f":"F135*(1+$E$135)","v":1.0249999999999999},{"$f":"H135*(1+$E$135)","v":1.0506249999999999},1.0768906249999999,1.1038128906249998,1.1314082128906247,1.1596934182128902,1.1886857536682123,1.2184028975099175,1.2488629699476652,1.2800845441963566,1.3120866578012655,1.3448888242462971,1.3785110448524545,1.4129738209737657,1.4482981664981096,1.4845056206605622,1.5216182611770761,1.5596587177065029,1.5986501856491653,1.6386164402903942,1.6795818512976539,1.721571397580095,1.7646106825195973,1.8087259495825871,1.8539440983221516,1.9002927007802053,1.9478000182997102,1.9964950187572028,2.0464073942261325,2.0975675790817858,2.1500067685588302,2.2037569377728006,2.2588508612171205,2.3153221327475482,2.3732051860662366,2.4325353157178924,2.4933486986108395,2.5556824160761105,2.6195744764780131,2.6850638383899632,2.7521904343497119,2.8209951952084547,2.8915200750886658,2.9638080769658823,3.0379032788900293,3.1138508608622799,3.1916971323838368,{"$f":"BB135*(1+$E$135)","v":3.2714895606934324},3.353276799710768,3.437108719703537,3.523036437696125,3.6111123486385277,3.7013901573544907,3.7939249112883529,3.8887730340705615,3.9859923599223253,4.0856421689203835,4.1877832231433922,4.2924778037219768,4.3997897488150262,4.5097844925354016,4.6225291048487867,4.7380923324700062,4.8565446407817561,{"$f":"BS135*(1+$E$135)","v":4.9779582568012994},5.1024072132213316,5.2299673935518642,5.3607165783906607,5.4947344928504265,5.632102855171687,5.7729054265509783,5.9172280622147522,6.0651587637701203,6.2167877328643728,6.372207426185982,6.5315126118406308,6.6948004271366459,6.8621704378150614,7.0337246987604374,7.2095678162294474,7.3898070116351828,7.5745521869260619,7.7639159915992124,7.958013891389192,8.1569642386739218,8.3608883446407685,8.5699105532567863,8.784158317088206,9.0037622750154096,9.2288563318907944,9.4595777401880632,9.6960671836927634,9.9384688632850811,10.186930584867207,10.441603849488887,10.702643945726109,10.97021004436926,11.244465295478491,11.525576927865453,11.813716351062089]
[null,null,null,"O&M Cost per year",{"$f":"BF114","v":10000},null,{"$f":"SUM(H136:DC136)","v":563014.12628715928},{"$f":"$E$136*H135*H128","v":10250},10506.25,10768.906249999998,11038.128906249998,11314.082128906246,11596.934182128902,11886.857536682122,12184.028975099174,12488.629699476653,12800.845441963567,13120.866578012656,13448.88824246297,13785.110448524545,14129.738209737658,14482.981664981096,14845.056206605623,15216.182611770761,15596.587177065028,15986.501856491654,16386.164402903942,16795.818512976541,17215.713975800951,17646.106825195973,18087.259495825871,18539.440983221517,19002.927007802053,19478.000182997101,19964.950187572027,20464.073942261326,20975.675790817859,21500.067685588303,22037.569377728007,{"$f":"$E$136*AN135*AN128","v":22588.508612171205},23153.221327475483,23732.051860662366,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$136*BT135*BT128","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$136*CZ135*CZ128","v":0},{"$f":"$E$136*DA135*DA128","v":0},{"$f":"$E$136*DB135*DB128","v":0},{"$f":"$E$136*DC135*DC128","v":0}]
[null,null,null,"EBITDA",null,null,{"$f":"SUM(H137:DC137)","v":792563.54911348165},{"$f":"H134-H136","v":31871.86839360906},{"$f":"I134-I136","v":31405.00905164102},30932.796506382816,30455.065336350905,29971.646142481659,29482.365447902052,28987.045595198681,28485.504641122228,27977.556248663634,27463.009576436023,26941.66916529493,26413.334822128076,25877.801500743546,25334.859179784096,24784.292737593052,24225.881823955649,23659.400728637702,23084.618246641396,22501.297540096231,21909.195996701008,21308.065084630383,20697.650203817939,20077.690533524823,19447.918876101321,18808.061496846043,{"$f":"AG134-AG136","v":18157.83795986517},17496.960959831784,16825.136149542715,16142.061963167842,15447.429435084163,14740.922014184212,14022.215373545641,13290.977215346076,12546.867070904213,11789.536095725423,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU134-BU136","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Tax Depreciation Rate",{"$f":"F3","v":7},{"$f":"BF70","v":0.13},{"$f":"SUM(H138:DC138)","v":0.87000000000000011},{"$f":"LOOKUP($E138,$E$302:$E$351,H302:H351)*(1-$F$138)","v":0.34800000000000003},0.20879999999999999,0.12528,9.3960000000000002E-2,9.3960000000000002E-2,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"LOOKUP($E138,$E$302:$E$351,AN302:AN351)*(1-$F$138)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"LOOKUP($E138,$E$302:$E$351,BT302:BT351)*(1-$F$138)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Less: Tax Depreciation",{"$f":"BF17*BF58","v":662282.70021192613},null,{"$f":"SUM(H139:DC139)","v":576185.9491843757},{"$f":"$E$139*H138","v":230474.37967375031},{"$f":"$E$139*I138","v":138284.62780425017},82970.776682550102,62228.08251191258,62228.08251191258,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$139*BU138","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Less: Interest (Not Used if Interst Rate After Tax)"]
[null,null,null,"Taxable Income",null,null,{"$f":"SUM(H141:DC141)","v":216377.59992910581},{"$f":"H137-H139-H140","v":-198602.51128014125},{"$f":"I137-I139-I140","v":-106879.61875260915},-52037.980176167286,-31773.017175561676,-32256.436369430921,29482.365447902052,28987.045595198681,28485.504641122228,27977.556248663634,27463.009576436023,26941.66916529493,26413.334822128076,25877.801500743546,25334.859179784096,24784.292737593052,24225.881823955649,23659.400728637702,23084.618246641396,22501.297540096231,21909.195996701008,21308.065084630383,20697.650203817939,20077.690533524823,19447.918876101321,18808.061496846043,{"$f":"AG137-AG139-AG140","v":18157.83795986517},17496.960959831784,16825.136149542715,16142.061963167842,15447.429435084163,14740.922014184212,14022.215373545641,13290.977215346076,12546.867070904213,11789.536095725423,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU137-BU139-BU140","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Taxes",{"$f":"BF62","v":0.28000000000000003},null,{"$f":"SUM(H142:DC142)","v":60585.72798014959},{"$f":"H141*$E$142","v":-55608.703158439552},-29926.293250730567,-14570.634449326841,-8896.4448091572704,-9031.8021834406591,8255.0623254125749,8116.3727666556315,7975.9412995142247,7833.7157496258178,7689.642681402087,7543.6673662825815,7395.7337501958618,7245.7844202081933,7093.7605703395475,6939.6019665260555,6783.2469107075822,6624.6322040185569,6463.6931090595917,6300.3633112269454,6134.5748790762827,5966.2582236965081,5795.3420570690232,5621.7533493869514,5445.4172853083701,5266.2572191168929,{"$f":"AG141*$E$142","v":5084.1946287622477},4899.1490687529003,4711.0381218719604,4519.7773496869959,4325.280241823566,4127.4581639715798,3926.2203045927799,3721.4736202969016,3513.12277985318,3301.070106803119,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT141*$E$142","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Less: Debt Service (After Tax)",null,null,null,{"$f":"H194+H192","v":60850.437326938205},{"$f":"I194+I192","v":41906.546771369569},30475.216407186072,26163.890460406095,26157.252975031079,13085.878100094091,12916.435600137716,12743.909786622193,12568.167065897811,12389.06885102711,12206.471371361473,12020.225474867435,11830.176422926465,11636.163677320847,11438.020679108991,11235.574619079725,11028.646199465451,10817.049386581759,10600.591154045196,10379.071216212949,10152.281751470238,9920.0071149784526,9682.0235404830455,9438.0988307635471,9187.9920362933299,{"$f":"AG194+AG192","v":8931.453121659215},8668.2226192746166,8398.0312699024871,8120.5996494838191,7835.6377817516804,7542.8447360869131,7241.9082100547394,6932.5040960373835,6614.2960313561734,6286.9349312552313,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU194+BU192","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Capital Expenditure",null,null,{"$f":"-BF17*BF95","v":-662282.70021192613}]
[null,null,null,"Less: ITC",{"$f":"BF64","v":0.26},null,{"$f":"-G144*E145","v":172193.50205510081}]
[null,null,null,"Equity Cash Flow",null,null,{"$f":"G196","v":-122522.29953920633},{"$f":"H196","v":26630.134225110407},19424.755531002018,15028.214548523585,13187.61968510208,12846.195350891241,8141.4250223953859,7954.2372284053345,7765.653554985809,7575.6734331400039,7384.2980440068241,7191.5304276508759,6997.3755970647799,6801.8406576088873,6604.9349321237005,6406.6700919580071,6207.0602941683428,6006.1223251536958,5803.8757510000469,5600.3430748240899,5395.5499014117759,5189.5251094636369,4982.3010317704629,4773.9136436548251,4564.4027600294048,4353.8122414358204,4142.1902094437064,3929.5892718042669,3716.0667577682689,3501.6849639970269,3286.5114115089164,3070.6191141257195,2854.086858898122,2636.9994990117912,2419.4482596948592,2201.5310576670727,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT196","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Equity IRR",null,null,{"$f":"IRR(G146:DC146)","v":7.6999999999999291E-2},"Target",{"$f":"BF78","v":7.6999999999999999E-2},"Test",{"$f":"ROUND(I147-G147,3)=0","v":true}]
[]
[null,null,null,"Project Cash Flow Pre-tax",null,null,{"$f":"G144+G145","v":-490089.19815682532},{"$f":"H137+H144","v":31871.86839360906},31405.00905164102,30932.796506382816,30455.065336350905,29971.646142481659,29482.365447902052,28987.045595198681,28485.504641122228,27977.556248663634,27463.009576436023,26941.66916529493,26413.334822128076,25877.801500743546,25334.859179784096,24784.292737593052,24225.881823955649,23659.400728637702,23084.618246641396,22501.297540096231,21909.195996701008,21308.065084630383,20697.650203817939,20077.690533524823,19447.918876101321,18808.061496846043,{"$f":"AG137+AG144","v":18157.83795986517},17496.960959831784,16825.136149542715,16142.061963167842,15447.429435084163,14740.922014184212,14022.215373545641,13290.977215346076,12546.867070904213,11789.536095725423,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT137+BT144","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Pre-tax IRR",null,null,{"$f":"IRR(149:149)","v":3.544426414211066E-2},"Target",{"$f":"BF83","v":4.5499999999999999E-2}]
[]
[null,null,null,"Project After-tax Cash Flow",null,null,{"$f":"G149","v":-490089.19815682532},{"$f":"H137-H142","v":87480.571552048612},{"$f":"I137-(I137-I139)*$E$142","v":61331.302302371587},45503.430955709657,39351.510145508175,39003.44832592232,21227.303122489477,20870.672828543051,20509.563341608002,20143.840499037815,19773.366895033934,19398.001799012349,19017.601071932215,18632.017080535352,18241.098609444547,17844.690771066998,17442.634913248068,17034.768524619147,16620.925137581806,16200.934228869286,15774.621117624725,15341.806860933875,14902.308146748916,14455.937184137871,14002.501590792952,13541.80427772915,{"$f":"AG137-(AG137-AG139)*$E$142","v":13073.643331102921},12597.811891078883,12114.098027670756,11622.284613480846,11122.149193260597,10613.463850212633,10095.995068952861,9569.5035950491747,9033.7442910510326,8488.4659889223039,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT137-(BT137-BT139)*$E$142","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"After-tax Project IRR",null,null,{"$f":"IFERROR(IRR(G152:DC152),0.1)","v":3.8149999999999906E-2},"Target",{"$f":"BF83","v":4.5499999999999999E-2}]
[]
[null,null,"Economic Income Statement"]
[null,null,null,"NPV of Future AT Project Cash Flow at AT IRR",null,null,{"$f":"NPV($G$153,H152:DC152)","v":490089.19815682503},{"$f":"NPV($G$153,I152:DD152)","v":421305.52951445943},376047.03316306439,344889.79652252555,318695.83211435174,291850.62978359195,281757.42818734638,271635.80124415056,261489.14372000689,251321.11405388732,241135.64766000916,230936.97081922612,220729.61518404738,210518.43292278342,200308.61252934308,190105.69532627048,179915.59268971957,169744.60402621326,159599.4355322315,149487.21976891684,139415.53608547625,129392.43192620327,119426.44505743898,109526.6267522424,99702.565972047509,89964.414586151979,80322.913671510731,70789.420936999988,61375.939318075769,52095.146789579507,42960.427446341368,33985.903903206658,25186.471068161129,{"$f":"NPV($G$153,AO152:EJ152)","v":16577.831344362301},8176.5313190986899,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"NPV($G$153,BU152:FP152)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"NPV($G$153,DA152:GV152)","v":0},{"$f":"NPV($G$153,DB152:GW152)","v":0},{"$f":"NPV($G$153,DC152:GX152)","v":0},{"$f":"NPV($G$153,DD152:GY152)","v":0}]
[null,null,null,"Economic Depreciation from NPV of After Tax Cash Flow",null,null,null,{"$f":"G156-H156","v":68783.668642365607},{"$f":"H156-I156","v":45258.496351395035},31157.236640538846,26193.964408173808,26845.202330759785,10093.201596245577,10121.626943195821,10146.657524143666,{"$f":"O156-P156","v":10168.029666119575},10185.46639387816,10198.676840783039,10207.355635178741,10211.182261263952,10209.820393440343,10202.917203072604,10190.102636550902,10170.988663506316,10145.168493981764,10112.215763314656,10071.683683440584,10023.104159272989,9965.9868687642884,9899.8183051965752,9824.0607801948936,9738.1513858955295,9641.5009146412485,9533.4927345107426,9413.4816189242192,9280.7925284962621,9134.7193432381391,8974.5235431347101,8799.4328350455289,8608.6397237988276,8401.300025263612,8176.5313190986899,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BB156-BC156","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT156-BU156","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,"EBITDA",null,null,null,{"$f":"H137","v":31871.86839360906},{"$f":"I137","v":31405.00905164102},30932.796506382816,30455.065336350905,29971.646142481659,29482.365447902052,28987.045595198681,28485.504641122228,27977.556248663634,27463.009576436023,26941.66916529493,26413.334822128076,25877.801500743546,25334.859179784096,24784.292737593052,24225.881823955649,23659.400728637702,23084.618246641396,22501.297540096231,21909.195996701008,21308.065084630383,20697.650203817939,20077.690533524823,19447.918876101321,18808.061496846043,18157.83795986517,17496.960959831784,16825.136149542715,16142.061963167842,15447.429435084163,14740.922014184212,14022.215373545641,13290.977215346076,12546.867070904213,11789.536095725423,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU137","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Less: Economic Depreciation",null,null,null,{"$f":"H157","v":68783.668642365607},{"$f":"I157","v":45258.496351395035},31157.236640538846,26193.964408173808,26845.202330759785,10093.201596245577,10121.626943195821,10146.657524143666,10168.029666119575,10185.46639387816,10198.676840783039,10207.355635178741,10211.182261263952,10209.820393440343,10202.917203072604,10190.102636550902,10170.988663506316,10145.168493981764,10112.215763314656,10071.683683440584,10023.104159272989,9965.9868687642884,9899.8183051965752,9824.0607801948936,9738.1513858955295,9641.5009146412485,9533.4927345107426,9413.4816189242192,9280.7925284962621,9134.7193432381391,8974.5235431347101,8799.4328350455289,8608.6397237988276,8401.300025263612,8176.5313190986899,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU157","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Less: Taxes",null,null,null,{"$f":"H142","v":-55608.703158439552},{"$f":"I142","v":-29926.293250730567},-14570.634449326841,-8896.4448091572704,-9031.8021834406591,8255.0623254125749,8116.3727666556315,7975.9412995142247,7833.7157496258178,7689.642681402087,7543.6673662825815,7395.7337501958618,7245.7844202081933,7093.7605703395475,6939.6019665260555,6783.2469107075822,6624.6322040185569,6463.6931090595917,6300.3633112269454,6134.5748790762827,5966.2582236965081,5795.3420570690232,5621.7533493869514,5445.4172853083701,5266.2572191168929,5084.1946287622477,4899.1490687529003,4711.0381218719604,4519.7773496869959,4325.280241823566,4127.4581639715798,3926.2203045927799,3721.4736202969016,3513.12277985318,3301.070106803119,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU142","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Less: Interest Expense",null,null,null,{"$f":"H194","v":9262.6858451639982},{"$f":"I194","v":7962.6745078232889},7107.2889267819228,6518.4171542757385,6023.3512269612538,5515.9769029098934,5325.2153927408517,5133.9166435144507,4942.1448163081359,4749.969055618476,4557.4637407741784,4364.7087484833792,4171.7897269785008,3978.7983822406118,3785.8327768045901,3592.997641666519,3400.4047018357064,3208.1730160954367,3016.4293315591813,2825.3084536325337,2634.9536320155071,2445.5169634052481,2257.1598115856032,2070.0532456173878,1884.3784968717046,1700.3274356782795,1518.1030683915599,1337.920055709307,1160.0052531116387,984.59827432305985,811.95207873585855,642.33358377061199,476.02430318825202,313.3210124084539,154.53644193097134,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU194","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Income with Economic Depreciation",null,null,null,{"$f":"H159-H160-H161-H162","v":9434.2170645190072},{"$f":"I159-I160-I161-I162","v":8110.1314431532628},7238.9053883888882,6639.1285830586285,6134.8947682012795,5618.1246233340062,5423.8304926063765,5228.9891739498871,5033.6660166101037,4837.9314455373005,4641.8612174551317,4445.5366882700946,4249.0450922928994,4052.4798337635943,3855.9407911898024,3659.5346350306459,3463.3751592771227,3267.5836275046031,3072.2891339954485,2877.6289805516076,2683.7490696453792,2490.804314579379,2298.9590673556932,2108.3875649806696,1919.2743949619162,1731.8149807833943,1546.216088176581,1362.6963530372288,1181.4868318729452,1002.8315756993978,826.98822834206408,654.22865013672049,484.83956806209505,319.12325337896669,157.39822789264318,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU159-BU160-BU161-BU162","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,"Cash Flow"]
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[null,null,null,"Less: Capital Expenditure",null,null,{"$f":"G144+G145","v":-490089.19815682532}]
[null,null,null,"Add: Debt Issue",null,null,{"$f":"G182","v":367566.89861761901}]
[null,null,null,"Total Equity Cash Flow",null,null,{"$f":"G169+G170+G171","v":-122522.29953920632},{"$f":"H169+H170+H171","v":26630.134225110407},19424.755531002018,15028.214548523585,13187.61968510208,12846.195350891241,8141.4250223953859,7954.2372284053345,7765.653554985809,7575.6734331400039,7384.2980440068241,7191.5304276508759,6997.3755970647799,6801.8406576088873,6604.9349321237005,6406.6700919580071,6207.0602941683428,6006.1223251536958,5803.8757510000469,5600.3430748240899,5395.5499014117759,5189.5251094636369,4982.3010317704629,4773.9136436548251,4564.4027600294048,4353.8122414358204,4142.1902094437064,3929.5892718042669,3716.0667577682689,3501.6849639970269,3286.5114115089164,3070.6191141257195,2854.086858898122,2636.9994990117912,2419.4482596948592,2201.5310576670727,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT169+BT170+BT171","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Equity IRR",{"$f":"IRR(G172:DC172)","v":7.6999999999999513E-2}]
[]
[null,null,"Balance Sheet"]
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[null,null,null,"Net Capital (Economic Depreciation)",null,null,{"$f":"G179","v":490089.19815682532},{"$f":"H179","v":421305.52951445972},376047.03316306468,344889.79652252584,318695.83211435203,291850.62978359225,281757.42818734667,271635.80124415085,261489.14372000718,251321.11405388761,241135.64766000945,230936.97081922641,220729.61518404767,210518.43292278372,200308.6125293434,190105.69532627083,179915.59268971992,169744.60402621358,159599.43553223182,149487.21976891713,139415.53608547657,129392.4319262036,119426.44505743933,109526.62675224274,99702.565972047858,89964.414586152358,80322.913671511109,70789.420937000366,61375.939318076125,52095.146789579885,42960.427446341724,33985.903903206985,25186.471068161482,{"$f":"AN179","v":16577.831344362639},8176.5313190990128,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT179","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"CZ179","v":0},{"$f":"DA179","v":0},{"$f":"DB179","v":0},{"$f":"DC179","v":0}]
[]
[null,null,null,"Debt Balance from Net Capital",{"$f":"BF80","v":0.75},null,{"$f":"G180*$E$182","v":367566.89861761901},{"$f":"H180*$E$182","v":315979.1471358448},282035.27487229853,258667.34739189438,239021.87408576402,218887.9723376942,211318.07114051,203726.85093311314,196116.85779000539,188490.83554041572,180851.73574500708,173202.72811441979,165547.21138803574,157888.82469208777,150231.45939700754,142579.27149470313,134936.69451728993,127308.45301966018,119699.57664917386,112115.41482668785,104561.65206410743,97044.3239446527,89569.833793079495,82144.970064182053,74776.924479035893,67473.310939614268,{"$f":"AG180*$E$182","v":60242.185253633332},53092.065702750275,46031.954488557094,39071.360092184914,32220.320584756293,25489.427927405239,18889.853301121111,12433.37350827198,6132.3984893242596,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BS180*$E$182","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Equity Balance",{"$f":"1-E182","v":0.25},null,{"$f":"G180*$E$183","v":122522.29953920633},{"$f":"H180*$E$183","v":105326.38237861493},94011.758290766171,86222.449130631459,79673.958028588007,72962.657445898061,70439.357046836667,67908.950311037712,65372.285930001795,62830.278513471902,60283.911915002362,57734.242704806602,55182.403796011917,52629.608230695929,50077.15313233585,47526.423831567707,44978.898172429981,42436.151006553395,39899.858883057954,37371.804942229282,34853.884021369144,32348.1079815509,29856.611264359832,27381.656688060684,24925.641493011964,22491.103646538089,{"$f":"AG180*$E$183","v":20080.728417877777},17697.355234250092,15343.984829519031,13023.786697394971,10740.106861585431,8496.4759758017462,6296.6177670403704,4144.4578360906598,2044.1328297747532,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BS180*$E$183","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Total Equity and Debt",null,null,{"$f":"SUM(G182:G183)","v":490089.19815682532},{"$f":"SUM(H182:H183)","v":421305.52951445972},{"$f":"SUM(I182:I183)","v":376047.03316306468},344889.79652252584,318695.83211435203,291850.62978359225,281757.42818734667,271635.80124415085,261489.14372000718,251321.11405388761,241135.64766000945,230936.97081922641,220729.61518404767,210518.43292278372,200308.6125293434,190105.69532627083,179915.59268971992,169744.60402621358,159599.43553223182,149487.21976891713,139415.53608547657,129392.4319262036,119426.44505743933,109526.62675224274,99702.565972047858,89964.414586152358,80322.913671511109,70789.420937000366,61375.939318076125,52095.146789579885,42960.427446341724,33985.903903206985,25186.471068161482,16577.831344362639,8176.5313190990128,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"SUM(BU182:BU183)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,"Debt Percent",null,null,null,{"$f":"IFERROR(H182/H180,0)","v":0.75},0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75000000000000011,0.75,0.74999999999999989,0.74999999999999989,0.74999999999999989,0.74999999999999989,0.75000000000000011,0.74999999999999989,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,{"$f":"IFERROR(AN182/AN180,0)","v":0.75},0.75,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"IFERROR(BT182/BT180,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Equity Percent",null,null,null,{"$f":"IFERROR(H183/H180,0)","v":0.25},0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,0.25,{"$f":"IFERROR(AN183/AN180,0)","v":0.25},0.25,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"IFERROR(BT183/BT180,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,"Debt Balance"]
[null,null,null,"Debt Repayment",null,null,null,{"$f":"G182-H182","v":51587.751481774205},{"$f":"H182-I182","v":33943.872263546276},23367.927480404149,19645.473306130356,20133.901748069824,7569.9011971841974,7591.2202073968656,7609.9931431077421,7626.0222495896742,7639.0997954086342,7649.0076305872935,7655.5167263840558,7658.3866959479637,7657.3652950802352,7652.1879023044021,7642.5769774132059,7628.2414976297441,7608.8763704863231,7584.161822486014,7553.7627625804162,7517.3281194547308,7474.4901515732054,7424.8637288974423,7368.0455851461593,7303.6135394216253,7231.1256859809364,7150.1195508830569,7060.1112141931808,6960.5943963721802,6851.0395074286207,6730.8926573510544,6599.5746262841276,{"$f":"AM182-AN182","v":6456.4797928491316},6300.9750189477199,6132.3984893242596,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BS182-BT182","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Opening Balance",null,null,null,{"$f":"G193","v":367566.89861761901},{"$f":"H193","v":315979.1471358448},282035.27487229853,258667.34739189438,239021.87408576402,218887.9723376942,211318.07114051,203726.85093311314,{"$f":"O193","v":196116.85779000539},188490.83554041572,180851.73574500708,173202.72811441979,165547.21138803574,157888.82469208777,150231.45939700754,142579.27149470313,134936.69451728993,127308.45301966018,119699.57664917386,112115.41482668785,104561.65206410743,97044.3239446527,89569.833793079495,82144.970064182053,74776.924479035893,67473.310939614268,60242.185253633332,53092.065702750275,46031.954488557094,39071.360092184914,32220.320584756293,25489.427927405239,18889.853301121111,12433.37350827198,6132.3984893242596,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BB193","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT193","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Debt Repayment",null,null,null,{"$f":"H190","v":51587.751481774205},33943.872263546276,23367.927480404149,19645.473306130356,20133.901748069824,7569.9011971841974,7591.2202073968656,7609.9931431077421,7626.0222495896742,7639.0997954086342,7649.0076305872935,7655.5167263840558,7658.3866959479637,7657.3652950802352,7652.1879023044021,7642.5769774132059,7628.2414976297441,7608.8763704863231,7584.161822486014,7553.7627625804162,7517.3281194547308,7474.4901515732054,7424.8637288974423,7368.0455851461593,7303.6135394216253,{"$f":"AG190","v":7231.1256859809364},7150.1195508830569,7060.1112141931808,6960.5943963721802,6851.0395074286207,6730.8926573510544,6599.5746262841276,6456.4797928491316,6300.9750189477199,6132.3984893242596,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT190","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Closing Balance",null,null,{"$f":"G182","v":367566.89861761901},{"$f":"H191-H192","v":315979.1471358448},{"$f":"I191-I192","v":282035.27487229853},258667.34739189438,239021.87408576402,218887.9723376942,211318.07114051,203726.85093311314,196116.85779000539,188490.83554041572,180851.73574500708,173202.72811441979,165547.21138803574,157888.82469208777,150231.45939700754,142579.27149470313,134936.69451728993,127308.45301966018,119699.57664917386,112115.41482668785,104561.65206410743,97044.3239446527,89569.833793079495,82144.970064182053,74776.924479035893,67473.310939614268,{"$f":"AG191-AG192","v":60242.185253633332},53092.065702750275,46031.954488557094,39071.360092184914,32220.320584756293,25489.427927405239,18889.853301121111,12433.37350827198,6132.3984893242596,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU191-BU192","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Interest Expense",{"$f":"BF77","v":2.52E-2},null,null,{"$f":"H191*$E$194","v":9262.6858451639982},7962.6745078232889,7107.2889267819228,6518.4171542757385,6023.3512269612538,5515.9769029098934,5325.2153927408517,5133.9166435144507,4942.1448163081359,4749.969055618476,4557.4637407741784,4364.7087484833792,4171.7897269785008,3978.7983822406118,3785.8327768045901,3592.997641666519,3400.4047018357064,3208.1730160954367,3016.4293315591813,2825.3084536325337,2634.9536320155071,2445.5169634052481,2257.1598115856032,2070.0532456173878,1884.3784968717046,{"$f":"AG191*$E$194","v":1700.3274356782795},1518.1030683915599,1337.920055709307,1160.0052531116387,984.59827432305985,811.95207873585855,642.33358377061199,476.02430318825202,313.3210124084539,154.53644193097134,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT191*$E$194","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,"Equity Cash Flow Check (Equity Chg + Income)",null,null,{"$f":"-G183","v":-122522.29953920633},{"$f":"H169","v":26630.134225110407},{"$f":"I169","v":19424.755531002018},15028.214548523585,13187.61968510208,12846.195350891241,8141.4250223953859,7954.2372284053345,7765.653554985809,7575.6734331400039,7384.2980440068241,7191.5304276508759,6997.3755970647799,6801.8406576088873,6604.9349321237005,6406.6700919580071,6207.0602941683428,6006.1223251536958,5803.8757510000469,5600.3430748240899,5395.5499014117759,5189.5251094636369,4982.3010317704629,4773.9136436548251,4564.4027600294048,4353.8122414358204,4142.1902094437064,3929.5892718042669,3716.0667577682689,3501.6849639970269,3286.5114115089164,3070.6191141257195,2854.086858898122,2636.9994990117912,2419.4482596948592,2201.5310576670727,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU169","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Equity IRR Check",null,null,{"$f":"IRR(G196:DC196)","v":7.6999999999999291E-2},{"$f":"H146","v":26630.134225110407},19424.755531002018,15028.214548523585,13187.61968510208,12846.195350891241,8141.4250223953859,7954.2372284053345,7765.653554985809,7575.6734331400039,7384.2980440068241,7191.5304276508759,6997.3755970647799,6801.8406576088873,6604.9349321237005,6406.6700919580071,6207.0602941683428,6006.1223251536958,5803.8757510000469,5600.3430748240899,5395.5499014117759,5189.5251094636369,4982.3010317704629,4773.9136436548251,4564.4027600294048,4353.8122414358204,4142.1902094437064,3929.5892718042669,3716.0667577682689,3501.6849639970269,3286.5114115089164,3070.6191141257195,2854.086858898122,{"$f":"AN146","v":2636.9994990117912},2419.4482596948592,2201.5310576670727,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT146","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Check",null,null,{"$f":"ROUND(G197-I147,2)=0","v":true},{"$f":"H197-H196","v":0},{"$f":"I197-I196","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"AG197-AG196","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU197-BU196","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,null,null,null,{"$f":"IFERROR(H198/$E$142,0)","v":0},{"$f":"IFERROR(I198/$E$142,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"IFERROR(BU198/$E$142,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Straight Line Depreciation",{"$f":"AT54","v":35},null,{"$f":"E139","v":662282.70021192613},{"$f":"$G$200/$E$200*H128","v":18922.36286319789},18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,18922.36286319789,{"$f":"$G$200/$E$200*AN128","v":18922.36286319789},18922.36286319789,18922.36286319789,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$G$200/$E$200*BT128","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Income with Straight Line Depreciation",{"$f":"SUM(H201:DC201)","v":69695.120921405702},null,null,{"$f":"H137-H200-H140-H142","v":68558.208688850718},42408.939439173701,26581.068092511767,20429.147282310285,20081.085462724426,2304.9402592915867,1948.3099653451591,1587.2004784101136,1221.4776358399258,851.00403183604612,475.63893581445882,95.238208734323962,-290.3457826625372,-681.26425375334111,-1077.6720921308934,-1479.7279499498227,-1887.594338578745,-2301.437725616086,-2721.4286343286039,-3147.7417455731647,-3580.5560022640148,-4020.0547164489744,-4466.4256790600184,-4919.861272404939,-5380.5585854687397,-5848.7195320949677,-6324.5509721190065,-6808.2648355271349,-7300.0782497170439,-7800.2136699372932,-8308.8990129852573,-8826.3677942450286,{"$f":"AN137-AN200-AN140-AN142","v":-9352.8592681487153},-9888.6185721468573,-10433.896874275586,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT137-BT200-BT140-BT142","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"CZ137-CZ200-CZ140-CZ142","v":0},0,0,0]
[]
[null,"PPA with Inflation (the case with Real Carrying Charges)"]
[null,null,null,"Timing Flag","Flag",null,null,{"$f":"H128","v":true},{"$f":"I128","v":true},true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,{"$f":"BU128","v":false},false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false]
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[null,null,null,"Revenues (USD)","USD ",null,{"$f":"SUM(H209:DC209)","v":1487155.6761113966},{"$f":"H207*H208","v":29815.738158659027},{"$f":"I207*I208","v":30408.325954562377},31012.691432909305,31629.068675138373,32257.696415056744,32898.81813130599,33552.682141665697,34219.541699231304,34899.655090503511,35593.285735427271,36300.702289418878,37022.17874742108,37757.994550026073,38508.434691707836,39273.789831205519,40054.356404100727,40850.436737632219,41662.339167792656,42490.37815875253,43334.874424657733,44196.155053847804,45074.553635543016,45970.41038904943,46884.072295531791,47815.893232405484,{"$f":"AG207*AG208","v":48766.234110399542},49735.463013343724,50723.955340733934,51732.093953131007,52760.269320449486,53808.87967319342,54878.331156698121,55969.0379884375,57081.422618457676,58215.915892999517,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU207*BU208","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Operating Cost","USD",{"$f":"E136","v":10000},{"$f":"SUM(H210:DC210)","v":563014.12628715928},{"$f":"H136","v":10250},10506.25,10768.906249999998,11038.128906249998,11314.082128906246,11596.934182128902,11886.857536682122,12184.028975099174,12488.629699476653,12800.845441963567,13120.866578012656,13448.88824246297,13785.110448524545,14129.738209737658,14482.981664981096,14845.056206605623,15216.182611770761,15596.587177065028,15986.501856491654,16386.164402903942,16795.818512976541,17215.713975800951,17646.106825195973,18087.259495825871,18539.440983221517,19002.927007802053,19478.000182997101,19964.950187572027,20464.073942261326,20975.675790817859,21500.067685588303,22037.569377728007,{"$f":"AN136","v":22588.508612171205},23153.221327475483,23732.051860662366,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT136","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"EBITDA","USD",null,{"$f":"SUM(H211:DC211)","v":924141.54982423712},{"$f":"H209-H210","v":19565.738158659027},19902.075954562377,20243.785182909305,20590.939768888376,20943.6142861505,21301.883949177089,21665.824604983572,22035.512724132132,22411.025391026858,22792.440293463704,23179.835711406224,23573.29050495811,23972.884101501528,24378.696481970179,24790.808166224422,25209.300197495104,25634.254125861458,26065.751990727629,26503.876302260876,26948.710021753792,27400.336540871263,27858.839659742065,28324.303563853457,28796.81279970592,29276.452249183967,{"$f":"AG209-AG210","v":29763.30710259749},30257.462830346623,30759.005153161906,31268.020010869681,31784.593529631627,32308.811987605117,32840.761778970118,33380.529376266291,33928.201290982193,34483.864032337151,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT209-BT210","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Depreciation","USD",{"$f":"E139","v":662282.70021192613},{"$f":"SUM(H212:DC212)","v":576185.9491843757},{"$f":"H139","v":230474.37967375031},138284.62780425017,82970.776682550102,62228.08251191258,62228.08251191258,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"AN139","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT139","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Less: Taxes","USD",{"$f":"BF62","v":0.28000000000000003},{"$f":"SUM(H213:DC213)","v":97427.568179161171},{"$f":"(H211-H212)*$F$213","v":-59054.419624225571},-33147.114517912582,-17563.557619899424,-11658.399968046779,-11559.651103213384,5964.5275057695853,6066.4308893954012,6169.9435627569974,6275.087109487521,6381.8832821698379,6490.3539991937432,6600.5213413882711,6712.4075484204286,6826.0350149516507,6941.4262865428391,7058.6040552986296,7177.591155241209,7298.4105574037367,7421.0853646330461,7545.6388060910622,7672.0942314439544,7800.4751047277787,7930.8049978789686,8063.1075839176583,8197.4066297715108,8333.7259887272976,8472.0895924970555,8612.5214428853342,8755.0456030435107,8899.6861882968569,9046.4673565294343,9195.4132981116345,{"$f":"(AN211-AN212)*$F$213","v":9346.5482253545633},9499.8963614750155,9655.4819290544037,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"(BT211-BT212)*$F$213","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"(CZ211-CZ212)*$F$213","v":0},0,0,0]
[]
[null,null,null,"Capital Expenditures","USD",{"$f":"-G144","v":662282.70021192613}]
[null,null,null,"Less; ITC","USD",{"$f":"G145","v":172193.50205510081}]
[null,null,null,"Net Capital Expenditures","USD",{"$f":"F215-F216","v":490089.19815682532}]
[null,null,null,"Project Cash Flow Pre-Tax","USD",null,{"$f":"-F217","v":-490089.19815682532},{"$f":"H211","v":19565.738158659027},{"$f":"I211","v":19902.075954562377},20243.785182909305,20590.939768888376,20943.6142861505,21301.883949177089,21665.824604983572,22035.512724132132,22411.025391026858,22792.440293463704,23179.835711406224,23573.29050495811,23972.884101501528,24378.696481970179,24790.808166224422,25209.300197495104,25634.254125861458,26065.751990727629,26503.876302260876,26948.710021753792,27400.336540871263,27858.839659742065,28324.303563853457,28796.81279970592,29276.452249183967,29763.30710259749,30257.462830346623,30759.005153161906,31268.020010869681,31784.593529631627,32308.811987605117,32840.761778970118,33380.529376266291,33928.201290982193,34483.864032337151,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU211","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Pre-tax Project IRR from Real Price","% p.a.",null,{"$f":"IRR(G218:DT218)","v":3.6082948989792918E-2}]
[]
[null,null,null,"Project Cash Flow After Tax","USD",null,{"$f":"G218","v":-490089.19815682532},{"$f":"H211-H215-(H211-H212)*$F$213","v":78620.157782884606},53049.190472474962,37807.342802808729,32249.339736935155,32503.265389363885,15337.356443407503,15599.393715588172,15865.569161375133,16135.938281539336,16410.557011293866,16689.48171221248,16972.769163569839,17260.476553081098,17552.66146701853,17849.381879681583,18150.696142196473,18456.662970620251,18767.341433323891,19082.790937627829,19403.071215662731,19728.242309427311,20058.364555014286,20393.498565974489,20733.705215788261,21079.045619412456,21429.58111387019,21785.37323784957,22146.483710276574,22512.974407826172,22884.907341334772,23262.344631075684,23645.348480858484,{"$f":"AN211-AN215-(AN211-AN212)*$F$213","v":24033.981150911728},24428.304929507176,24828.382103282747,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT211-BT215-(BT211-BT212)*$F$213","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Project After Tax Return","% p.a.",null,{"$f":"IRR(G221:DC221)","v":3.8149999999999906E-2}]
[]
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[null,null,"Debt Balance"]
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[]
[null,null,"Cash Flow"]
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[null,null,null,"Dividends","USD",null,null,{"$f":"H240-H241-H242-H243","v":24415.030782819449},{"$f":"I240-I241-I242-I243","v":17440.28434226074},13273.972355906488,11663.082285861914,11550.710498238575,7074.2050085120754,7114.3511360964712,7152.0191643601065,7187.0487691650687,7219.2725502277826,7248.5157507811036,7274.5959665527698,7297.3228436557602,7316.4977649788543,7331.9135246383266,7343.3539900481956,7350.5937511371594,7353.3977562346008,7351.5209341194131,7344.7078017154963,7332.6920568905298,7315.1961558011571,7291.9308742010944,7262.5948521102036,7226.8741212203604,7184.4416143856688,7134.9566565273308,7078.0644362519961,7013.3954574596064,6940.5649701881484,6859.1723799153806,6768.800634506646,6669.0155879698614,6559.3653401447264,6439.3795514221238,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU240-BU241-BU242-BU243","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Less: Capital Expenditures","USD",null,{"$f":"G218","v":-490089.19815682532}]
[null,null,null,"Add: Debt Issued","USD",null,{"$f":"G229","v":367566.89861761837}]
[null,null,null,"Net Equity Cash Flow","USD",null,{"$f":"G245+G246","v":-122522.29953920696},{"$f":"H244","v":24415.030782819449},{"$f":"I244","v":17440.28434226074},13273.972355906488,11663.082285861914,11550.710498238575,7074.2050085120754,7114.3511360964712,7152.0191643601065,7187.0487691650687,7219.2725502277826,7248.5157507811036,7274.5959665527698,7297.3228436557602,7316.4977649788543,7331.9135246383266,7343.3539900481956,7350.5937511371594,7353.3977562346008,7351.5209341194131,7344.7078017154963,7332.6920568905298,7315.1961558011571,7291.9308742010944,7262.5948521102036,7226.8741212203604,7184.4416143856688,7134.9566565273308,7078.0644362519961,7013.3954574596064,6940.5649701881484,6859.1723799153806,6768.800634506646,6669.0155879698614,6559.3653401447264,6439.3795514221238,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU244","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,"Equity IRR in Real Model","% p.a.",{"$f":"IRR(G247:DC247)","v":7.6999999999998847E-2},null,"Target",{"$f":"BF78","v":7.6999999999999999E-2},{"$f":"ROUND(I249-F249,2)=0","v":true}]
[]
[null,null,null,"Interest pre-tax",null,{"$f":"F213","v":0.28000000000000003},null,{"$f":"H242/(1-$F$251)","v":12864.841451616645},11291.856011195103,10330.09906811972,9731.7495989947583,9256.4706781018631,8756.3943180006463,8687.845154592922,8609.8023622064538,8521.7951318385312,8423.3332362277615,8313.9062776433875,8192.9829071899039,8060.0100145554916,7914.411887092403,7755.5893370757431,7582.9187959435385,7395.7513742761257,7193.4118862259756,6975.1978370607458,6740.3783724318819,6488.1931879290114,6217.8513974260359,5928.5303586687114,5619.3744544950941,5289.4938280196384,4937.9630700490097,4563.8198569322867,4166.0635369807023,3743.6536635217553,3295.5084725796737,2820.5033030985501,2317.4689575460225,{"$f":"AN242/(1-$F$251)","v":1785.1900006538681},1222.4029939673803,627.79466378767245,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT242/(1-$F$251)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Interest Tax Shield",null,{"$f":"F251","v":0.28000000000000003},null,{"$f":"H251*$F$252","v":3602.1556064526608},{"$f":"I251*$F$252","v":3161.7196831346291},2892.4277390735219,2724.8898877185325,2591.8117898685218,2451.7904090401812,2432.5966432860182,2410.7446614178075,2386.1026369147889,2358.5333061437736,2327.8937577401489,2294.0352140131731,2256.802804075538,2216.0353283858731,2171.5650143812081,2123.2172628641911,2070.8103847973152,2014.1553281432734,1953.055394377009,1887.3059442809272,1816.6940926201235,1740.9983912792902,1659.9885004272394,1573.4248472586264,1481.0582718454989,1382.6296596137229,1277.8695599410405,1166.4977903545969,1048.2230257860915,922.74237232230871,789.74092486759412,648.89130811288635,499.85320018308312,342.27283831086652,175.7825058605483,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU251*$F$252","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"EBITDA",null,null,null,{"$f":"H240","v":19565.738158659027},{"$f":"I240","v":19902.075954562377},20243.785182909305,20590.939768888376,20943.6142861505,21301.883949177089,21665.824604983572,22035.512724132132,22411.025391026858,22792.440293463704,23179.835711406224,23573.29050495811,23972.884101501528,24378.696481970179,24790.808166224422,25209.300197495104,25634.254125861458,26065.751990727629,26503.876302260876,26948.710021753792,27400.336540871263,27858.839659742065,28324.303563853457,28796.81279970592,29276.452249183967,29763.30710259749,30257.462830346623,30759.005153161906,31268.020010869681,31784.593529631627,32308.811987605117,32840.761778970118,33380.529376266291,33928.201290982193,34483.864032337151,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU240","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Less: Tax",null,null,null,{"$f":"H241","v":-59054.419624225571},{"$f":"I241","v":-33147.114517912582},-17563.557619899424,-11658.399968046779,-11559.651103213384,5964.5275057695853,6066.4308893954012,6169.9435627569974,6275.087109487521,6381.8832821698379,6490.3539991937432,6600.5213413882711,6712.4075484204286,6826.0350149516507,6941.4262865428391,7058.6040552986296,7177.591155241209,7298.4105574037367,7421.0853646330461,7545.6388060910622,7672.0942314439544,7800.4751047277787,7930.8049978789686,8063.1075839176583,8197.4066297715108,8333.7259887272976,8472.0895924970555,8612.5214428853342,8755.0456030435107,8899.6861882968569,9046.4673565294343,9195.4132981116345,9346.5482253545633,9499.8963614750155,9655.4819290544037,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU241","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Add: Interest Shield",null,null,null,{"$f":"H252","v":3602.1556064526608},{"$f":"I252","v":3161.7196831346291},2892.4277390735219,2724.8898877185325,2591.8117898685218,2451.7904090401812,2432.5966432860182,2410.7446614178075,2386.1026369147889,2358.5333061437736,2327.8937577401489,2294.0352140131731,2256.802804075538,2216.0353283858731,2171.5650143812081,2123.2172628641911,2070.8103847973152,2014.1553281432734,1953.055394377009,1887.3059442809272,1816.6940926201235,1740.9983912792902,1659.9885004272394,1573.4248472586264,1481.0582718454989,1382.6296596137229,1277.8695599410405,1166.4977903545969,1048.2230257860915,922.74237232230871,789.74092486759412,648.89130811288635,499.85320018308312,342.27283831086652,175.7825058605483,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU252","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"CFADS",null,null,null,{"$f":"H253-H254+H255","v":82222.313389337272},{"$f":"I253-I254+I255","v":56210.910155609592},40699.770541882252,34974.229624653686,35095.077179232409,17789.146852447684,18031.990358874191,18276.313822792941,18522.040918454124,18769.09031743764,19017.375469952629,19266.804377583012,19517.279357156636,19768.696795404401,20020.946894062792,20273.913405060666,20527.473355417565,20781.496761467162,21035.846332004839,21290.377159943659,21544.936402047435,21799.362946293575,22053.487066401729,22307.130063046887,22560.103891257953,22812.210773483912,23063.242797790612,23312.981500631169,23561.197433612262,23807.64971365708,24052.085555943278,24294.239788971368,24533.834351094811,24770.577767818042,25004.164609143296,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU253-BU254+BU255","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Debt Service pre-tax",null,null,null,{"$f":"H251+H235","v":57807.282606517816},{"$f":"I251+I235","v":38770.625813348852},27425.798185975764,23311.147338791772,23544.36668099383,10714.941843935609,10917.63922277772,11124.294658432835,11334.992149289057,11549.817767209857,11768.859719171525,11992.208411030242,12219.956513500876,12452.199030425549,12689.033369424465,12930.559415012469,13176.879604280406,13428.099005232561,13684.325397885426,13945.669358228162,14212.244345156903,14484.166790492418,14761.556192200635,15044.535210936683,15333.229770037595,15627.769159098243,15928.286141263279,16234.917064379177,16547.801976152659,16867.084743468931,17192.913176027898,17525.439154464722,17864.818763124949,18211.212427673319,18564.785057721172,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU251+BU235","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"DSCR",null,null,null,{"$f":"IF(H257>0.1,H256/H257)","v":1.4223521619067878},1.4498324176200426,1.4839958445655799,1.5003221041142636,1.4905933828988009,1.6602187031482489,1.6516382334061412,1.6429188891484889,1.6340585572982373,1.6250551043951038,1.6159063769766275,1.6066102019926298,1.5971643872540395,1.5875667219180976,1.5778149770104104,1.5679069059860251,1.5578402453301141,1.5476127152003558,1.5372220201118141,1.5266658496662266,1.515941879326701,1.5050477712396229,1.493981175104955,1.4827397290964917,1.4713210608336589,1.4597227884059831,1.4479425214520572,1.4359778622942203,1.42382640713049,1.411485747285143,1.3989534705194193,1.3862271624036451,{"$f":"IF(AN257>0.1,AN256/AN257)","v":1.3733044077522623},1.3601827921230147,1.3468599033816424,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,{"$f":"IF(BT257>0.1,BT256/BT257)","v":false},false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,{"$f":"IF(CZ257>0.1,CZ256/CZ257)","v":false},false,false,false]
[]
[]
[null,"Proof with LCOE Formula - LCOE =NPV(Revenues)/NPV(Generation)"]
[]
[null,null,"Nominal",null,null,"Computed",null,"Method 1","Test"]
[null,null,null,"NPV of Revenues at Nominal Return",{"$f":"BF86","v":3.8150000000000003E-2},{"$f":"NPV(E264,H209:EC209)","v":755255.20203777391}]
[null,null,null,"NPV of Generation",{"$f":"E264","v":3.8150000000000003E-2},{"$f":"NPV(E265,H133:DC133)","v":39097.649966527228}]
[null,null,null,"Nominal LCOE",null,{"$f":"F264/F265","v":19.317150843704738},null,{"$f":"E130","v":19.317150843704749},{"$f":"ROUND(F266-H266,0)=0","v":true}]
[]
[null,null,"Real"]
[null,null,null,"NPV of Revenues at Nominal Return",{"$f":"E264","v":3.8150000000000003E-2},{"$f":"F264","v":755255.20203777391}]
[null,null,null,"NPV of Generation at Real Return",{"$f":"BF87","v":1.2829268292682938E-2},{"$f":"NPV(E270,H208:DC208)","v":56615.66079855556}]
[null,null,null,"Real LCOE",null,{"$f":"F264/F270","v":13.340040394919187},null,{"$f":"$F$206","v":13.340040394919189},{"$f":"ROUND(F271-H271,0)=0","v":true}]
[]
[null,"Proof with LCOE Formula - LCOE =NPV Cost/NPV(Generation)"]
[]
[null,null,null,"Capital Expenditure at COD -1",null,{"$f":"BF17","v":650000}]
[null,null,null,"Gross-Up for Taxes using Tax Rate",{"$f":"BF62","v":0.28000000000000003},{"$f":"F275/(1-E276)","v":902777.77777777787}]
[null,null,null,"Value of Tax Deduction (PV of Dep at PT Rate)",{"$f":"BF71","v":0.30259973257164491},{"$f":"F276*E277*-1","v":-273180.31412717944}]
[null,null,null,"O&M Factors (Nom OM, Life)",{"$f":"BF116","v":15725.331891709535},{"$f":"AT54","v":35}]
[null,null,null,"NPV of O&M Expenses at Nominal Rate",{"$f":"BF89","v":4.3366834170854185E-2},{"$f":"PV(E279,F278,-E278)","v":280549.17723455495}]
[null,null,null,"Total Cost",null,{"$f":"F276+F279+F277","v":910146.64088515344}]
[]
[null,null,null,"NPV Generation - Nominal",{"$f":"E264","v":3.8150000000000003E-2},{"$f":"NPV(E282,H133:DC133)","v":39097.649966527228}]
[null,null,null,"Nominal LCOE (USD/Unit)",null,{"$f":"F280/F282","v":23.278806825074131},null,{"$f":"$T$130","v":19.317150843704749},{"$f":"ROUND(H283-F283,0)=0","v":false}]
[]
[null,null,null,"Total Cost",null,{"$f":"F280","v":910146.64088515344}]
[null,null,null,"NPV Generation - Real",{"$f":"BF87","v":1.2829268292682938E-2},{"$f":"NPV(E286,H133:DC133)","v":56615.66079855556}]
[null,null,null,"Real LCOE",null,{"$f":"F285/F286","v":16.075881267615163},null,{"$f":"$T$206","v":13.340040394919189},{"$f":"ROUND(F287-H287,0)=0","v":false}]
[]
[null,"Proof with LCOE Formula - LCOE =NPV Cost/NPV(Generation)"]
[null,null,null,null,null,null,null,{"$f":"H127","v":1},2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,24,27,28,29,30,31,32,{"$f":"AN127","v":33},34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,{"$f":"BT127","v":65},66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100]
[null,null,null,"Inflated Price",null,{"$f":"F287","v":16.075881267615163},null,{"$f":"H207","v":13.673541404792168},14.015379939911972,14.365764438409771,14.724908549370014,15.093031263104262,15.470357044681867,15.857115970798912,16.253543870068885,16.659882466820605,17.076379528491117,17.503289016703395,17.940871242120977,18.389393023174001,18.849127848753348,19.320356044972179,19.803364946096483,20.298449069748891,20.805910296492613,21.326058053904926,21.859209505252547,22.405689742883858,22.965831986455949,23.539977786117348,24.12847723077028,24.731689161539535,25.349981390578023,25.983730925342471,26.633324198476028,27.299157303437926,27.981636236023874,28.681177141924469,29.398206570472574,{"$f":"AN207","v":30.133161734734387},30.88649077810274,31.658653047555308,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT207","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Generation",null,null,null,{"$f":"H208","v":2180.5425},2169.6397875000002,2158.7915885625002,2147.9976306196877,2137.2576424665895,2126.5713542542562,2115.938497482985,2105.3588049955702,2094.8320109705919,2084.3578509157392,2073.9360616611602,2063.5663813528545,2053.2485494460902,2042.9823066988599,2032.7673951653655,2022.6035581895385,2012.4905403985908,2002.4280876965979,1992.4159472581148,1982.4538675218243,1972.5415981842152,1962.6788901932941,1952.8654957423275,1943.101168263616,1933.3856624222981,1923.7187341101867,1914.1001404396357,1904.5296397374377,1895.0069915387503,1885.5319565810566,1876.1042967981514,1866.7237753141605,{"$f":"AN208","v":1857.3901564375899},1848.1032056554018,1838.8626896271246,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT208","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Discount Factor - Nominal",{"$f":"E282","v":3.8150000000000003E-2},null,null,{"$f":"1/(1+$E$293)^H290","v":0.9632519385445264},0.92785429710978795,0.89375745037787224,0.86091359666509881,0.82927669090699685,0.79880238010595472,0.76944794115104254,0.74117222092283641,0.71393557859927426,0.68769983008165891,0.66242819446289936,0.6380852424629383,0.61463684675907937,0.59205013414157825,0.57029343942742217,0.54933626106768985,0.52914921838625428,0.50970401038988034,0.49097337609197167,0.47293105629434251,0.45555175677343596,0.43881111281937674,0.42268565507814554,0.40715277664898675,0.39219070139092305,{"$f":"1/(1+$E$293)^AG290","v":0.40715277664898675},0.36389582757206967,0.35052336133706086,0.33764230731306732,0.32523460705395885,0.31328286572649316,0.30177032772382906,0.29068085317519538,0.2799988953187838,0.26970947870614442,0.25979817820752726,0.25025109878873697,0.24105485603114865,0.23219655736757566,0.22366378400768261,0.21544457352760452,0.20752740309936379,0.19990117333657351,0.19255519273377983,0.18547916267762832,0.17866316300884102,0.17209763811476284,0.16577338353297968,0.15968153304722799,0.15381354625750418,0.14816119660694907,0.14271655984872039,0.13747200293668585,0.13242017332436146,0.12755398865709336,0.12286662684303171,0.11835151648897725,0.11400232768769181,0.10981296314375746,0.105777549625543,0.10189042973129414,9.8146153957803919E-2,9.453947306054418E-2,9.1065330694547197E-2,{"$f":"1/(1+$E$293)^BT290","v":8.7718856325720948E-2},8.4495358402659496E-2,8.1390317779376289E-2,7.8399381379739244E-2,7.5518356094725472E-2,7.2743202903940152E-2,7.0070031213158177E-2,6.7495093399950093E-2,6.50147795597458E-2,6.2625612444970197E-2,6.0324242590155751E-2,5.810744361619781E-2,5.5972107707169302E-2,5.3915241253353847E-2,5.1933960654388919E-2,5.0025488276635284E-2,4.8187148559105428E-2,4.6416364262491377E-2,4.4710652856033692E-2,4.3067623037165825E-2,4.1484971379054873E-2,3.9960479101338806E-2,3.8492008959532642E-2,3.7077502248743094E-2,3.5714975917490822E-2,3.4402519787594107E-2,3.3138293876216446E-2,3.1920525816323708E-2,3.0747508371934407E-2,2.9617597044679877E-2,2.8529207768318524E-2,2.7480814687972383E-2,2.6470948020972291E-2,2.5498191996312952E-2,2.4561182869828977E-2,2.3658607012309377E-2]
[null,null,null,"Discounted Generation",null,null,null,{"$f":"H292*H293","v":2100.4117902037278},{"$f":"I292*I293","v":2013.1096000122425},1929.4360660908169,1849.2403658049057,1772.3779453603827,1698.7102592434433,1628.1045204905131,1560.4334613380156,1495.5751038205708,1433.4125399041257,1373.8337207576988,1316.7312547839044,1262.0022140441986,1209.547948729931,1159.2739093447781,1111.0894762780467,1064.9077964616449,1020.6456268162949,978.22318420480042,937.56400162190096,898.59479036150026,861.2453079128187,825.44823134735316,791.13903596842124,758.25587900455548,{"$f":"AG292*AG293","v":783.24742408463635},696.533054661096,667.58213108682821,639.83453299753785,613.24024498632218,587.75133050271211,563.32184544641768,539.90775535248827,517.46685601861566,495.95869743151042,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU292*BU293","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Weighting Factor",null,null,null,{"$f":"H294/SUM(294:294)","v":5.364466771154771E-2},5.1414963514896675E-2,4.927793545954072E-2,4.7229731524580279E-2,4.5266659795749536E-2,4.3385181810692855E-2,4.1581906180840331E-2,3.9853582478385725E-2,3.8197095377347973E-2,3.6609459038155601E-2,3.5087811725631961E-2,3.3629410650680348E-2,3.223162702637089E-2,3.0891941329517936E-2,2.9607938759206615E-2,2.8377304884082823E-2,2.7197821470560529E-2,2.6067362484426839E-2,2.4983890258637682E-2,2.3945451820396372E-2,2.2950175370894756E-2,2.1996266911371461E-2,2.1082007009405775E-2,2.0205747699618311E-2,1.9365909513191951E-2,2.000419536631462E-2,1.7789504154220911E-2,1.7050095490487704E-2,1.6341419845913654E-2,1.5662199823420597E-2,1.5011211120072721E-2,1.4387280320254641E-2,{"$f":"AN294/SUM(294:294)","v":1.3789282780574456E-2},1.3216140602679366E-2,1.2666820690329882E-2,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT294/SUM(294:294)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"CZ294/SUM(294:294)","v":0},{"$f":"DA294/SUM(294:294)","v":0},{"$f":"DB294/SUM(294:294)","v":0},{"$f":"DC294/SUM(294:294)","v":0}]
[]
[null,null,null,"LCOE with Sumproduct - MWH",{"$f":"SUMPRODUCT(H295:DC295*H291:DC291)","v":19.325857525712152},null,null,{"$f":"_xlfn.FORMULATEXT(E297)","v":"=SUMPRODUCT(H295:DC295*H291:DC291)"}]
[]
[]
[null,"Depreciation Tax Shield"]
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[null,null,"Code and Tax Depreciation Factor",null,4,{"$f":"F392","v":0.23754776054890664},null,{"$f":"H390","v":0.4},{"$f":"I390","v":0.24},0.14399999999999999,0.108,0.108,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU390","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,"Code and Tax Depreciation Factor",null,5,{"$f":"F402","v":0.23754776054890664},null,{"$f":"H400","v":0.4},{"$f":"I400","v":0.24},0.14399999999999999,0.108,0.108,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU400","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,"Code and Tax Depreciation Factor",null,6,{"$f":"F413","v":0.25738368057818073},null,{"$f":"H411","v":0.4},{"$f":"I411","v":0.24},0.14399999999999999,0.108,0.108,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU411","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,"Code and Tax Depreciation Factor",null,7,{"$f":"F424","v":0.25738368057818073},null,{"$f":"H422","v":0.4},{"$f":"I422","v":0.24},0.14399999999999999,0.108,0.108,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BU422","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
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[]
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[]
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[null,null,null,"Code Number",2]
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[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E365,$2:$2,$86:$86)","v":7.6999999999999999E-2}]
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[]
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[null,null,null,"Code Number",3]
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[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E375,$2:$2,$86:$86)","v":7.6999999999999999E-2}]
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[]
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[null,null,null,"Code Number",4]
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[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E385,$2:$2,$86:$86)","v":7.6999999999999999E-2}]
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[null,null,null,"Code Number",5]
[null,null,null,"VDB Factor",{"$f":"LOOKUP(E395,$2:$2,$67:$67)","v":2}]
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[null,null,null,"Code Number",6]
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[null,null,null,"Code Number",7]
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[null,null,null,"Code Number",8]
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[null,null,null,"Code Number",9]
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[null,null,null,"Code Number",9]
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[]
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[null,null,null,"Code Number",10]
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[null,null,null,"Code Number",11]
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[null,null,null,"Code Number",12]
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[]
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[null,null,null,"Code Number",13]
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[null,null,null,"Code Number",14]
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[]
[]
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[null,null,null,"Code Number",15]
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[]
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[null,null,null,"Code Number",16]
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[]
[]
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[null,null,null,"Code Number",17]
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[]
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[null,null,null,"Code Number",18]
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[]
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[null,null,null,"Code Number",19]
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[]
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[null,null,null,"Code Number",20]
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[]
[]
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[null,null,null,"Code Number",21]
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[]
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[]
[]
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[null,null,null,"Code Number",22]
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[]
[]
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[null,null,null,"Code Number",23]
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[]
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[null,null,null,"Code Number",24]
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[]
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[null,null,null,"Code Number",25]
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[]
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[]
[]
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[null,null,null,"Code Number",26]
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[]
[]
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[null,null,null,"Code Number",27]
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[]
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[null,null,null,"NPV",{"$f":"E638","v":4.1108715026407859E-2},{"$f":"NPV(E642,H641:AU641)","v":0.9134565533420187}]
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[]
[]
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[null,null,null,"Code Number",28]
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[]
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[]
[]
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[null,null,null,"Code Number",29]
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[]
[]
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[null,null,null,"Code Number",30]
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[]
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[null,null,null,"NPV",{"$f":"E674","v":4.1108715026407859E-2},{"$f":"NPV(E678,H677:AU677)","v":0.9134565533420187}]
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[]
[]
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[null,null,null,"Code Number",31]
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[]
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[null,null,null,"NPV",{"$f":"E686","v":4.1108715026407859E-2},{"$f":"NPV(E690,H689:AU689)","v":0.9134565533420187}]
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[]
[]
[]
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[null,null,null,"Code Number",32]
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[]
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[null,null,null,"NPV",{"$f":"E698","v":4.1108715026407859E-2},{"$f":"NPV(E702,H701:AU701)","v":0.9134565533420187}]
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[]
[]
[]
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[null,null,null,"Code Number",33]
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[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E708,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
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[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E711,F707,H707,$E709),0)","v":0.4},{"$f":"IFERROR(VDB(1,0,$E711,H707,I707,$E709),0)","v":0.24},0.14399999999999999,0.108,0.108,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E710","v":4.1108715026407859E-2},{"$f":"NPV(E714,H713:AU713)","v":0.9134565533420187}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E708,$2:$2,$62:$62)","v":0.3},{"$f":"F714*E715","v":0.27403696600260558}]
[]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,24,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",34]
[null,null,null,"VDB Factor",{"$f":"LOOKUP(E720,$2:$2,$67:$67)","v":2}]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E720,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
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[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E723,F719,H719,$E721),0)","v":0.4},{"$f":"IFERROR(VDB(1,0,$E723,H719,I719,$E721),0)","v":0.24},0.14399999999999999,0.108,0.108,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E722","v":4.1108715026407859E-2},{"$f":"NPV(E726,H725:AU725)","v":0.9134565533420187}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E720,$2:$2,$62:$62)","v":0.3},{"$f":"F726*E727","v":0.27403696600260558}]
[]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",35]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E732,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
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[]
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[null,null,null,"NPV",{"$f":"E734","v":4.1108715026407859E-2},{"$f":"NPV(E738,H737:AU737)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E732,$2:$2,$62:$62)","v":0.3},{"$f":"F738*E739","v":0.28815434514193888}]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",36]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E743,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
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[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E746,F742,H742,$E744),0)","v":1},{"$f":"IFERROR(VDB(1,0,$E746,H742,I742,$E744),0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E745","v":4.1108715026407859E-2},{"$f":"NPV(E749,H748:AU748)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E743,$2:$2,$62:$62)","v":0.3},{"$f":"F749*E750","v":0.28815434514193888}]
[]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",37]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E755,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
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[]
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[null,null,null,"NPV",{"$f":"E757","v":4.1108715026407859E-2},{"$f":"NPV(E761,H760:AU760)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E755,$2:$2,$62:$62)","v":0.3},{"$f":"F761*E762","v":0.28815434514193888}]
[]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",38]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E767,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
[null,null,null,"Tax Life",{"$f":"LOOKUP(E767,$2:$2,$66:$66)","v":5}]
[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E770,F766,H766,$E768),0)","v":1},{"$f":"IFERROR(VDB(1,0,$E770,H766,I766,$E768),0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E769","v":4.1108715026407859E-2},{"$f":"NPV(E773,H772:AU772)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E767,$2:$2,$62:$62)","v":0.3},{"$f":"F773*E774","v":0.28815434514193888}]
[]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",39]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E779,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
[null,null,null,"Tax Life",{"$f":"LOOKUP(E779,$2:$2,$66:$66)","v":5}]
[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E782,F778,H778,$E780),0)","v":1},{"$f":"IFERROR(VDB(1,0,$E782,H778,I778,$E780),0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E781","v":4.1108715026407859E-2},{"$f":"NPV(E785,H784:AU784)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E779,$2:$2,$62:$62)","v":0.3},{"$f":"F785*E786","v":0.28815434514193888}]
[]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",40]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E791,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
[null,null,null,"Tax Life",{"$f":"LOOKUP(E791,$2:$2,$66:$66)","v":5}]
[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E794,F790,H790,$E792),0)","v":1},{"$f":"IFERROR(VDB(1,0,$E794,H790,I790,$E792),0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E793","v":4.1108715026407859E-2},{"$f":"NPV(E797,H796:AU796)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E791,$2:$2,$62:$62)","v":0.3},{"$f":"F797*E798","v":0.28815434514193888}]
[]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",41]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E803,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
[null,null,null,"Tax Life",{"$f":"LOOKUP(E803,$2:$2,$66:$66)","v":5}]
[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E806,F802,H802,$E804),0)","v":1},{"$f":"IFERROR(VDB(1,0,$E806,H802,I802,$E804),0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E805","v":4.1108715026407859E-2},{"$f":"NPV(E809,H808:AU808)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E803,$2:$2,$62:$62)","v":0.3},{"$f":"F809*E810","v":0.28815434514193888}]
[]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",42]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E815,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
[null,null,null,"Tax Life",{"$f":"LOOKUP(E815,$2:$2,$66:$66)","v":5}]
[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E818,F814,H814,$E816),0)","v":1},{"$f":"IFERROR(VDB(1,0,$E818,H814,I814,$E816),0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E817","v":4.1108715026407859E-2},{"$f":"NPV(E821,H820:AU820)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E815,$2:$2,$62:$62)","v":0.3},{"$f":"F821*E822","v":0.28815434514193888}]
[]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",43]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E827,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
[null,null,null,"Tax Life",{"$f":"LOOKUP(E827,$2:$2,$66:$66)","v":5}]
[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E830,F826,H826,$E828),0)","v":1},{"$f":"IFERROR(VDB(1,0,$E830,H826,I826,$E828),0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E829","v":4.1108715026407859E-2},{"$f":"NPV(E833,H832:AU832)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E827,$2:$2,$62:$62)","v":0.3},{"$f":"F833*E834","v":0.28815434514193888}]
[]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",44]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E839,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
[null,null,null,"Tax Life",{"$f":"LOOKUP(E839,$2:$2,$66:$66)","v":5}]
[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E842,F838,H838,$E840),0)","v":1},{"$f":"IFERROR(VDB(1,0,$E842,H838,I838,$E840),0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E841","v":4.1108715026407859E-2},{"$f":"NPV(E845,H844:AU844)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E839,$2:$2,$62:$62)","v":0.3},{"$f":"F845*E846","v":0.28815434514193888}]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",45]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E850,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
[null,null,null,"Tax Life",{"$f":"LOOKUP(E850,$2:$2,$66:$66)","v":5}]
[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E853,F849,H849,$E851),0)","v":1},{"$f":"IFERROR(VDB(1,0,$E853,H849,I849,$E851),0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E852","v":4.1108715026407859E-2},{"$f":"NPV(E856,H855:AU855)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E850,$2:$2,$62:$62)","v":0.3},{"$f":"F856*E857","v":0.28815434514193888}]
[]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",46]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E862,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
[null,null,null,"Tax Life",{"$f":"LOOKUP(E862,$2:$2,$66:$66)","v":5}]
[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E865,F861,H861,$E863),0)","v":1},{"$f":"IFERROR(VDB(1,0,$E865,H861,I861,$E863),0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E864","v":4.1108715026407859E-2},{"$f":"NPV(E868,H867:AU867)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E862,$2:$2,$62:$62)","v":0.3},{"$f":"F868*E869","v":0.28815434514193888}]
[]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",47]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E874,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
[null,null,null,"Tax Life",{"$f":"LOOKUP(E874,$2:$2,$66:$66)","v":5}]
[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E877,F873,H873,$E875),0)","v":1},{"$f":"IFERROR(VDB(1,0,$E877,H873,I873,$E875),0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E876","v":4.1108715026407859E-2},{"$f":"NPV(E880,H879:AU879)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E874,$2:$2,$62:$62)","v":0.3},{"$f":"F880*E881","v":0.28815434514193888}]
[]
[]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",48]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E887,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
[null,null,null,"Tax Life",{"$f":"LOOKUP(E887,$2:$2,$66:$66)","v":5}]
[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E890,F886,H886,$E888),0)","v":1},{"$f":"IFERROR(VDB(1,0,$E890,H886,I886,$E888),0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E889","v":4.1108715026407859E-2},{"$f":"NPV(E893,H892:AU892)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E887,$2:$2,$62:$62)","v":0.3},{"$f":"F893*E894","v":0.28815434514193888}]
[]
[]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",49]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E900,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
[null,null,null,"Tax Life",{"$f":"LOOKUP(E900,$2:$2,$66:$66)","v":5}]
[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E903,F899,H899,$E901),0)","v":1},{"$f":"IFERROR(VDB(1,0,$E903,H899,I899,$E901),0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E902","v":4.1108715026407859E-2},{"$f":"NPV(E906,H905:AU905)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E900,$2:$2,$62:$62)","v":0.3},{"$f":"F906*E907","v":0.28815434514193888}]
[]
[]
[]
[]
[null,null,null,"Year",null,0,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40]
[null,null,null,"Code Number",50]
[null,null,null,"VDB Factor",5]
[null,null,null,"Pre-tax IRR Requirement",{"$f":"LOOKUP(E913,$2:$2,$86:$86)","v":4.1108715026407859E-2}]
[null,null,null,"Tax Life",{"$f":"LOOKUP(E913,$2:$2,$66:$66)","v":5}]
[]
[null,null,null,"Depreciation Rate (Factor)",null,null,null,{"$f":"IFERROR(VDB(1,0,$E916,F912,H912,$E914),0)","v":1},{"$f":"IFERROR(VDB(1,0,$E916,H912,I912,$E914),0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"NPV",{"$f":"E915","v":4.1108715026407859E-2},{"$f":"NPV(E919,H918:AU918)","v":0.96051448380646298}]
[null,null,null,"Value of Tax Shield - NPV x Tax Rate",{"$f":"LOOKUP(E913,$2:$2,$62:$62)","v":0.3},{"$f":"F919*E920","v":0.28815434514193888}]

{"sheet":"NREL","index":1,"n_rows":58,"n_cols":46,"rows_kept":58,"cut":false,"hidden":false,"merged":[]}
[]
[null,null,"Financial Assumptions:",null,null,null,null,null,null,null,"Tax Rate",null,{"$f":"G11","v":0.25740000000000002},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Construction Factor"]
[null,null,"Inflation Rate",null,null,null,2.5000000000000001E-2]
[null,null,"Capital Recovery Period (Years)",null,null,null,30,null,null,"Real Rates"]
[null,null,"Interest Rate Nominal - Mid",null,null,null,0.04,null,null,null,"Percent","PT %","AT %","WACC"]
[null,null,"Calculated Interest Rate Real - Mid",null,null,null,1.4634146341463428E-2,{"$f":"(1+G5)/(1+G3)-1","v":1.4634146341463428E-2},null,"Debt",{"$f":"G10","v":0.73517747421398261},{"$f":"H6","v":1.4634146341463428E-2},{"$f":"L6*(1-M2)","v":1.086731707317074E-2},{"$f":"M6*K6","v":7.989406717336155E-3}]
[null,null,"Interest During Construction  - Nominal",null,null,null,3.5000000000000003E-2,null,null,"Equity",{"$f":"1-K6","v":0.26482252578601739},{"$f":"G9","v":5.1219512195121997E-2},{"$f":"L7","v":5.1219512195121997E-2},{"$f":"M7*K7","v":1.3564080589039927E-2}]
[null,null,"Rate of Return on Equity Nominal - Mid",null,null,null,7.7499999999999999E-2]
[null,null,"Calculated Rate of Return on Equity Real - Mid",null,null,null,5.1219512195121997E-2,{"$f":"(1+G8)/(1+G3)-1","v":5.1219512195121997E-2},null,"Total WACC",null,null,null,{"$f":"N6+N7","v":2.155348730637608E-2}]
[null,null,"Debt Fraction - Mid",null,null,null,0.73517747421398261]
[null,null,"Tax Rate (Federal and State)",null,null,null,0.25740000000000002,null,null,"Nominal Rate"]
[null,null,"WACC Nominal - Mid",null,null,null,4.2361457442468484E-2,null,null,null,"Tax Rate",null,{"$f":"M2","v":0.25740000000000002}]
[null,null,"WACC Real - Mid",null,null,null,1.6938007260944854E-2,null,null,null,"Percent","PT %","AT %","WACC"]
[null,null,"Depreciation Period",null,null,null,5,null,null,"Debt",{"$f":"K6","v":0.73517747421398261},{"$f":"G5","v":0.04},{"$f":"L14*(1-M12)","v":2.9703999999999998E-2},{"$f":"M14*K14","v":2.1837711694052138E-2}]
[null,null,"Construction Finance Factor",null,null,null,1.0217256948832973,null,null,"Equity",{"$f":"1-K14","v":0.26482252578601739},{"$f":"G8","v":7.7499999999999999E-2},{"$f":"L15","v":7.7499999999999999E-2},{"$f":"M15*K15","v":2.0523745748416349E-2}]
[null,null,"Present Value of Depreciation",null,null,null,0.89203010178578213,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Life",null,30,null,null,null,null,null,"Life",null,null,null,{"$f":"AC16","v":30}]
[null,null,"Project Finance Factor",null,null,null,1.0374245243742792,null,null,"Total WACC Nominal",null,null,null,{"$f":"N14+N15","v":4.2361457442468484E-2},null,null,null,null,null,null,null,null,null,null,null,null,"Real WACC",null,1.6938007260944854E-2,null,null,null,null,null,"Nominal WACC",null,null,null,{"$f":"G12","v":4.2361457442468484E-2}]
[null,null,"Capital Recovery Factor (CRF) Nominal - Mid",null,null,null,5.949959787726012E-2,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Real CCR  ",null,{"$f":"G19","v":4.2792088852852385E-2},null,null,null,null,null,"Nominal CCR",null,null,null,{"$f":"G18","v":5.949959787726012E-2}]
[null,null,"Capital Recovery Factor (CRF) Real - Mid",null,null,null,4.2792088852852385E-2,null,null,"Total Real",null,null,null,{"$f":"(1+N17)/(1+G3)-1","v":1.6938007260944854E-2},null,null,null,null,null,null,null,null,null,null,null,null,"Real CCR = WACC/(1-(1/(1+WACC) ^ Life))",null,null,null,null,null,null,null,"CCR = WACC/(1-(1/(1+WACC) ^ Life))"]
[null,null,"Cost of equity during construction",null,null,null,9.7500000000000003E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"(1+WACC) ^ Life",null,{"$f":"(1+AC17)^AC16","v":1.6551386171167088},null,{"$f":"_xlfn.FORMULATEXT(AC21)","v":"=(1+AC17)^AC16"},null,null,null,"(1+WACC) ^ Life",null,null,null,{"$f":"(1+AM17)^AM16","v":3.4717651021502736}]
[null,null,"Rate Applied",null,null,null,{"$f":"G19*G17*G15","v":4.5358043417183753E-2},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"1/(1+WACC) ^ Life",null,{"$f":"1/AC21","v":0.60417900329219798},null,{"$f":"_xlfn.FORMULATEXT(AC22)","v":"=1/AC21"},null,null,null,"1/(1+WACC) ^ Life",null,null,null,{"$f":"1/AM21","v":0.28803792035948506}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"(1-1/(1+WACC) ^ Life)",null,{"$f":"1-AC22","v":0.39582099670780202},null,{"$f":"_xlfn.FORMULATEXT(AC23)","v":"=1-AC22"},null,null,null,"(1-1/(1+WACC) ^ Life)",null,null,null,{"$f":"1-AM22","v":0.71196207964051494}]
[null,null,"Implied Inflation Rate",null,null,null,{"$f":"1-(1-G18)/(1-G19)","v":1.7454420121105096E-2},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Real CCR",null,{"$f":"AC17/AC23","v":4.2792088852852385E-2},null,{"$f":"_xlfn.FORMULATEXT(AC24)","v":"=AC17/AC23"},null,null,null,"Nominal CCR",null,null,null,{"$f":"AM17/AM23","v":5.949959787726012E-2}]
[]
[null,null,"Real Rate - No ITC",null,null,null,{"$f":"'LCOE Calculator'!V6","v":4.5036328583549813E-2},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Level Real Payment",null,{"$f":"PMT(AC17,AC16,-1)","v":4.2792088852852343E-2},null,{"$f":"_xlfn.FORMULATEXT(AC26)","v":"=PMT(AC17,AC16,-1)"},null,null,null,"Nominal CCR",null,null,null,{"$f":"PMT(AM17,AM16,-1)","v":5.9499597877260051E-2},null,{"$f":"_xlfn.FORMULATEXT(AM26)","v":"=PMT(AM17,AM16,-1)"}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Proof of Real vs Nominal"]
[]
[null,null,null,null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30]
[null,null,"Inflating",null,{"$f":"G19*(1+G3)","v":4.3861891074173688E-2},{"$f":"E52*(1+$G$3)","v":4.4958438351028029E-2},{"$f":"F52*(1+$G$3)","v":4.6082399309803727E-2},4.7234459292548818E-2,4.8415320774862533E-2,4.9625703794234095E-2,5.0866346389089941E-2,5.2138005048817188E-2,5.3441455175037615E-2,5.4777491554413547E-2,5.614692884327388E-2,5.7550602064355721E-2,5.8989367115964607E-2,6.0464101293863717E-2,6.1975703826210302E-2,6.3525096421865559E-2,6.5113223832412193E-2,6.6741054428222493E-2,6.8409580788928046E-2,7.0119820308651243E-2,7.1872815816367522E-2,7.3669636211776704E-2,7.5511377117071121E-2,7.7399161544997888E-2,7.9334140583622828E-2,8.1317494098213386E-2,8.3350431450668713E-2,8.5434192236935422E-2,8.7570047042858798E-2,8.9759298218930264E-2]
[null,null,"Nominal",null,{"$f":"$G$18","v":5.949959787726012E-2},{"$f":"$G$18","v":5.949959787726012E-2},5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2,5.949959787726012E-2]
[]
[]
[null,null,"Disc Rate",{"$f":"G12","v":4.2361457442468484E-2}]
[null,null,"NPV Inflating",{"$f":"NPV(D56,E52:AH52)","v":1.0000000000000007}]
[null,null,"NPV Real",{"$f":"NPV(D56,E53:AH53)","v":1.0000000000000016}]

{"sheet":"Investment Timing ","index":2,"n_rows":62,"n_cols":106,"rows_kept":62,"cut":false,"hidden":false,"merged":[]}
[]
[null,null,null,"Life Solar","Year",30]
[null,null,null,"Life Battery","Year",11]
[null,null,null,null,null,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100]
[]
[null,null,null,"Replacements","First Replacement",{"$f":"F3","v":11},null,{"$f":"_xlfn.FORMULATEXT(F6)","v":"=F3"}]
[null,null,null,null,"Second Replacement",{"$f":"F3+F6","v":22},null,{"$f":"_xlfn.FORMULATEXT(F7)","v":"=F3+F6"}]
[null,null,null,null,"Years of 2nd Used",{"$f":"F2-F7","v":8},null,{"$f":"_xlfn.FORMULATEXT(F8)","v":"=F2-F7"}]
[null,null,null,null,"With Mod",{"$f":"MOD(F2,F3)","v":8},null,{"$f":"_xlfn.FORMULATEXT(F9)","v":"=MOD(F2,F3)"}]
[null,null,null,"Residual","Residual Yrs",{"$f":"F3-F9","v":3},null,{"$f":"_xlfn.FORMULATEXT(F10)","v":"=F3-F9"}]
[]
[null,null,null,"Ratio of Solar Life to Battery Life",null,{"$f":"F2/F3","v":2.7272727272727271}]
[]
[null,null,null,"Solar Cost (USD/kW)",null,600]
[null,null,null,"Battery Cost (USD/kWh)",null,300]
[null,null,null,"Battery Duration Hrs",null,5]
[null,null,null,"Total Battery",null,{"$f":"F15*F16","v":1500}]
[null,null,null,"Total Cost",null,{"$f":"F17+F14","v":2100}]
[]
[null,null,null,"Nominal IRR",null,0.06]
[null,null,null,"Inflation ",null,0.02]
[null,null,null,"Target IRR",null,{"$f":"(1+F20)/(1+F21)-1","v":3.9215686274509887E-2}]
[null,null,null,"PMT Solar",null,{"$f":"PMT(F22,F2,-F14)","v":34.368391407804928},null,{"$f":"_xlfn.FORMULATEXT(F23)","v":"=PMT(F22,F2,-F14)"}]
[null,null,null,"PMT Battery",null,{"$f":"PMT(F22,F3,-F17)","v":170.50005567613766},null,{"$f":"_xlfn.FORMULATEXT(F24)","v":"=PMT(F22,F3,-F17)"}]
[]
[null,null,null,"Residual Value",null,{"$f":"PV(F22,F10,-F24)","v":473.85838334145478},null,"=PV(F20,F10,-F22)"]
[]
[null,"Case 1: LCOE with Different Life"]
[]
[null,null,null,null,null,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100]
[null,null,null,"Solar Flag",{"$f":"F2","v":30},null,{"$f":"G30<=$E$31","v":true},{"$f":"H30<=$E$31","v":true},true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,{"$f":"BT30<=$E$31","v":false},false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false]
[null,null,null,"Battery Flag",{"$f":"F3","v":11},null,{"$f":"G30<=$E$32","v":true},{"$f":"H30<=$E$32","v":true},true,true,true,true,true,true,true,true,true,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,{"$f":"BT30<=$E$32","v":false},false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false]
[null,null,null,"Cash Outflow",null,{"$f":"-F18","v":-2100}]
[null,null,null,"Solar Inflow",{"$f":"F23","v":34.368391407804928},null,{"$f":"G31*$E$34","v":34.368391407804928},{"$f":"H31*$E$34","v":34.368391407804928},34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT31*$E$34","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Battery Inflow",{"$f":"F24","v":170.50005567613766},null,{"$f":"$E$35*G32","v":170.50005567613766},{"$f":"$E$35*H32","v":170.50005567613766},170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$35*BT32","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Total Cash Flow",null,{"$f":"F33+F34+F35","v":-2100},{"$f":"G33+G34+G35","v":204.86844708394258},204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BS33+BS34+BS35","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,"IRR Check",{"$f":"IRR(F36:DB36)","v":3.9215686274509887E-2}]
[]
[null,"Case 2: Cash Flow with Replacements and Extended Battery Cash Flow"]
[null,null,null,"Solar Flag",null,{"$f":"F31","v":0},{"$f":"G31*1","v":1},{"$f":"H31*1","v":1},1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT31*1","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Replacement of Battery",{"$f":"F3","v":11},null,{"$f":"(MOD(G30,$F$3)=0)*G41","v":0},{"$f":"(MOD(H30,$F$3)=0)*H41","v":0},0,0,0,0,0,0,0,0,1,0,0,0,0,0,0,0,0,0,0,1,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"(MOD(BT30,$F$3)=0)*BT41","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Replacement of Battery During Solar",{"$f":"SUM(G43:DB43)","v":2},null,{"$f":"IF(G41,G42)*1","v":0},{"$f":"IF(H41,H42)*1","v":0},0,0,0,0,0,0,0,0,1,0,0,0,0,0,0,0,0,0,0,1,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"IF(BT41,BT42)*1","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Total Battery Periods",{"$f":"(1+E43)*E42","v":33},null,{"$f":"(G30<=$E$44)*1","v":1},{"$f":"(H30<=$E$44)*1","v":1},1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"(BT30<=$E$44)*1","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,"Initial Cap Exp",null,{"$f":"-F18","v":-2100}]
[null,null,null,"Replacement Cap Exp",{"$f":"-$F$17","v":-1500},null,{"$f":"$E$47*G42","v":0},{"$f":"$E$47*H42","v":0},0,0,0,0,0,0,0,0,-1500,0,0,0,0,0,0,0,0,0,0,-1500,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$47*BT42","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Solar Inflow",{"$f":"F23","v":34.368391407804928},null,{"$f":"$E$48*G41","v":34.368391407804928},{"$f":"$E$48*H41","v":34.368391407804928},34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,34.368391407804928,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$48*BT41","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Battery Inflow",{"$f":"F24","v":170.50005567613766},null,{"$f":"$E$49*G44","v":170.50005567613766},{"$f":"$E$49*H44","v":170.50005567613766},170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,170.50005567613766,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$49*BT44","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Total Cash Flow",null,{"$f":"F46+F47+F48+F49","v":-2100},{"$f":"G46+G47+G48+G49","v":204.86844708394258},204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,-1295.1315529160574,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,-1295.1315529160574,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,170.50005567613766,170.50005567613766,170.50005567613766,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BS46+BS47+BS48+BS49","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"IRR",{"$f":"IRR(F50:DB50)","v":3.9215686274765016E-2}]
[]
[null,null,null,"Value of Residual",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"PV(E51,F10,-F24)","v":473.85838334122536}]
[null,null,null,"PV Residual"]
[]
[null,"Case 3: Cash Flow with Replacement Cost"]
[null,null,null,"Residual Period",{"$f":"F2","v":30},null,{"$f":"($E$57=G4)*1","v":0},{"$f":"($E$57=H4)*1","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,1,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"($E$57=BT4)*1","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Total Cash Flow without Residual",null,{"$f":"F50","v":-2100},{"$f":"G50*G41","v":204.86844708394258},{"$f":"H50*H41","v":204.86844708394258},204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,-1295.1315529160574,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,-1295.1315529160574,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT50*BT41","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Residual Value",{"$f":"F26","v":473.85838334145478},null,{"$f":"$E$59*G57","v":0},{"$f":"$E$59*H57","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,473.85838334145478,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$59*BT57","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Total Cash Flow with Residual",null,{"$f":"F58+F59","v":-2100},{"$f":"G58+G59","v":204.86844708394258},204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,-1295.1315529160574,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,-1295.1315529160574,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,204.86844708394258,678.72683042539734,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BS58+BS59","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,"IRR ",{"$f":"IRR(F60:DB60)","v":3.9215686274594486E-2}]

{"sheet":"Learning and Replacement","index":3,"n_rows":90,"n_cols":106,"rows_kept":90,"cut":false,"hidden":false,"merged":[]}
[]
[null,null,null,"Life Solar","Year",{"$f":"'LCOE Calculator'!H54","v":35}]
[null,null,null,"Life Battery","Year",15]
[null,null,null,null,null,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100]
[]
[null,null,null,"Replacements","Year 1",{"$f":"F3","v":15}]
[null,null,null,null,"Year 2",{"$f":"F3+F6","v":30}]
[null,null,null,null,"Last Yrs Used",{"$f":"F2-F7","v":5}]
[null,null,null,null,"With Mod",{"$f":"MOD(F2,F3)","v":5}]
[null,null,null,"Residual","Residual Yrs",{"$f":"F6-F8","v":10}]
[]
[null,null,null,"Ratio of Solar Life to Battery Life",null,{"$f":"F2/F3","v":2.3333333333333335}]
[null,null,null,"Rounded Battery Replacements",null,{"$f":"ROUNDUP(F12,0)","v":3}]
[null,null,null,"Total Years of Replacement",null,{"$f":"F3*F13","v":45}]
[]
[null,null,null,"Solar Cost",null,600]
[null,null,null,"Battery Cost",null,300]
[null,null,null,"Hrs",null,5]
[null,null,null,"Total Battery Initial",null,{"$f":"F17*F18","v":1500}]
[null,null,null,"Total Cost",null,{"$f":"F19+F16","v":2100}]
[]
[null,null,null,"Learning Rate",null,4.4999999999999998E-2]
[null,null,null,"Factor",null,{"$f":"(1-F22)^F6","v":0.50124560046798594}]
[null,null,null,"Learning Reduction",null,{"$f":"F23","v":0.50124560046798594}]
[null,null,null,"Replacement Battery",null,{"$f":"F19*F24","v":751.86840070197889}]
[]
[null,null,null,"Target IRR",null,0.1]
[null,null,null,"PMT Solar",null,{"$f":"PMT(F27,F2,-F16)","v":62.213823071938478}]
[null,null,null,"PMT Battery",null,{"$f":"PMT(F27,F6,-F19)","v":197.21066533105835}]
[null,null,null,"PMT Battery - Replacement",null,{"$f":"PMT(F27,F6,-F25)","v":98.850978362557356}]
[]
[null,null,null,"Replacement Weight",null,{"$f":"PV(F27,F3,-1)","v":7.6060795063083662},{"$f":"F32/F33","v":0.77118804289955023},null,{"$f":"_xlfn.FORMULATEXT(F32)","v":"=PV(F27,F3,-1)"},null,null,null,"PV of Battery Life and Rate"]
[null,null,null,"Original Weight",null,{"$f":"PV(F27,F14,-1)","v":9.8628078797885141},{"$f":"1-G32","v":0.22881195710044977},null,{"$f":"_xlfn.FORMULATEXT(F33)","v":"=PV(F27,F14,-1)"},null,null,null,"PV of Total Replacements "]
[]
[null,null,null,"Weighted Payment",null,{"$f":"G32*F29+G33*F30","v":174.70479285600803},null,null,{"$f":"_xlfn.FORMULATEXT(F35)","v":"=G32*F29+G33*F30"},null,null,null,"Weighted Averge"]
[]
[null,null,null,"Residual Value",null,{"$f":"PV(F27,F10,-F29)","v":1211.7741670873563}]
[]
[null,"Cash Flow with Replacements and Extended Battery Cash Flow"]
[null,null,null,"Solar Flag",null,{"$f":"F83","v":0},{"$f":"G83*1","v":1},1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,{"$f":"AM83*1","v":1},1,1,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BS83*1","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Replacement of Battery",{"$f":"F3","v":15},null,{"$f":"(MOD(G82,$E$41)=0)","v":false},false,false,false,false,false,false,false,false,false,false,false,false,false,true,false,false,false,false,false,false,false,false,false,false,false,false,false,false,true,false,false,{"$f":"(MOD(AM82,$E$41)=0)","v":false},false,false,false,false,false,false,false,false,false,false,false,true,false,false,false,false,false,false,false,false,false,false,false,false,false,false,true,false,false,false,false,{"$f":"(MOD(BS82,$E$41)=0)","v":false},false,false,false,false,false,false,false,false,false,true,false,false,false,false,false,false,false,false,false,false,false,false,false,false,true,false,false,false,false,false,false,false,false,false,false]
[null,null,null,"Replacement of Battery During Solar",{"$f":"SUM(G42:DB42)","v":2},null,{"$f":"IF(G40,G41)*1","v":0},{"$f":"IF(H40,H41)*1","v":0},0,0,0,0,0,0,0,0,0,0,0,0,1,0,0,0,0,0,0,0,0,0,0,0,0,0,0,1,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"IF(BT40,BT41)*1","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Total Battery Periods",{"$f":"(E42+1)*F6","v":45},null,{"$f":"(G4<=$E$43)*1","v":1},1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,{"$f":"(AM4<=$E$43)*1","v":1},1,1,1,1,1,1,1,1,1,1,1,1,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"(BS4<=$E$43)*1","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Replacement Period Counter",null,null,{"$f":"F44+G42","v":0},{"$f":"G44+G42","v":0},{"$f":"H44+H42","v":0},0,0,0,0,0,0,0,0,0,0,0,0,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,{"$f":"BT44+BT42","v":2},2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2,2]
[null,null,null,"Replacement Period  ",null,null,{"$f":"AND(G44>=1,G43)","v":false},{"$f":"AND(H44>=1,H43)","v":false},false,false,false,false,false,false,false,false,false,false,false,false,false,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,{"$f":"AND(BT44>=1,BT43)","v":false},false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false]
[]
[null,null,null,"Initial Cap Exp",null,{"$f":"F85","v":-2100}]
[null,null,null,"Replacement Cap Exp with Learning",{"$f":"F25","v":751.86840070197889},null,{"$f":"-$E$48*G42","v":0},{"$f":"-$E$48*H42","v":0},0,0,0,0,0,0,0,0,0,0,0,0,-751.86840070197889,0,0,0,0,0,0,0,0,0,0,0,0,0,0,-751.86840070197889,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"-$E$48*BT42","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Solar Inflow",{"$f":"$F$28","v":62.213823071938478},null,{"$f":"$E$49*G40","v":62.213823071938478},{"$f":"$E$49*H40","v":62.213823071938478},62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$49*BT40","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Battery Cash Inflow - Initial",{"$f":"F29","v":197.21066533105835},null,{"$f":"$E$50*NOT(G45)*G40","v":197.21066533105835},{"$f":"$E$50*NOT(H45)*H40","v":197.21066533105835},197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$50*NOT(BT45)*BT40","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Battery Cash Inflow - Replacement",{"$f":"F30","v":98.850978362557356},null,{"$f":"$E$51*G45","v":0},{"$f":"$E$51*H45","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$51*BT45","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Total Cash Flow",null,{"$f":"F47+F48+F49+F50","v":-2100},{"$f":"G47+G48+G49+G50+G51","v":259.42448840299681},{"$f":"H47+H48+H49+H50+H51","v":259.42448840299681},259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,-492.44391229898207,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,-590.80359926748304,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,98.850978362557356,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT47+BT48+BT49+BT50+BT51","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,"PV Factor",null,null,{"$f":"1/(1+$F$27)^G4","v":0.90909090909090906},0.82644628099173545,0.75131480090157754,0.68301345536507052,0.62092132305915493,0.56447393005377722,0.51315811823070645,0.46650738020973315,0.42409761837248466,0.38554328942953148,0.3504938994813922,0.31863081771035656,0.28966437973668779,0.26333125430607973,0.23939204936916339,0.21762913579014853,0.19784466890013502,0.17985878990921364,0.16350799082655781,0.14864362802414349,0.13513057093103953,0.12284597357367227,0.11167815779424752,0.10152559799477048,9.2295998177064048E-2,8.3905452888240042E-2,7.6277684443854576E-2,6.9343349494413245E-2,6.3039408631284766E-2,5.7308553301167964E-2,5.2098684819243603E-2,4.7362440744766907E-2,4.3056764313424457E-2,3.9142513012204054E-2,3.5584102738367311E-2,3.2349184307606652E-2,2.94083493705515E-2,2.6734863064137721E-2,2.4304420967397926E-2,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,null,null,{"$f":"G54/SUM(54:54)","v":9.3173621837281381E-2},{"$f":"H54/SUM(54:54)","v":8.4703292579346695E-2},7.7002993253951532E-2,7.000272113995594E-2,6.3638837399959944E-2,5.7853488545418129E-2,5.2594080495834652E-2,4.7812800450758773E-2,4.3466182227962516E-2,3.9514711116329558E-2,3.5922464651208685E-2,3.2656786046553352E-2,2.9687987315048504E-2]
[]
[null,null,null,"IRR",{"$f":"IRR(F52:DB52)","v":0.10000000000000009}]
[null,null,null,null,{"$f":"NPV(F27,F52:DB52)","v":-1.149383618584662E-12}]
[]
[]
[null,null,null,"Initial Cap Exp",null,{"$f":"F47","v":-2100}]
[null,null,null,"Replacement Cap Exp with Learning",null,null,{"$f":"G48","v":0},{"$f":"H48","v":0},0,0,0,0,0,0,0,0,0,0,0,0,-751.86840070197889,0,0,0,0,0,0,0,0,0,0,0,0,0,0,-751.86840070197889,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BT48","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Solar Inflow",{"$f":"F28","v":62.213823071938478},null,{"$f":"$E$63*G40","v":62.213823071938478},62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,{"$f":"$E$63*AM40","v":62.213823071938478},62.213823071938478,62.213823071938478,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$63*BS40","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Battery Cash Inflow - Weighted Average",{"$f":"F35","v":174.70479285600803},null,{"$f":"$E$64*G43","v":174.70479285600803},{"$f":"$E$64*H43","v":174.70479285600803},174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$64*BT43","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Total Cash Flow",null,{"$f":"F61+F62+F63+F64","v":-2100},{"$f":"G61+G62+G63+G64","v":236.91861592794652},236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,-514.94978477403242,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,-514.94978477403242,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,236.91861592794652,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,174.70479285600803,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BS61+BS62+BS63+BS64","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,"IRR Check",{"$f":"IRR(F65:DB65)","v":0.10000000000000009}]
[]
[null,null,null,"Value of Residual",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"NPV(E57,AK52:DB52)","v":987.70773807740102}]
[null,null,null,"PV Residual",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"PV(E57,9,AK52)","v":-927.57602742488928}]
[]
[null,"Case 3: Cash Flow with Replacement Cost"]
[null,null,null,"Final Solar Period",{"$f":"F2","v":35},null,{"$f":"($E$73=G4)*1","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"($E$73=AM4)*1","v":0},0,1,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"($E$73=BS4)*1","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Total Cash Flow without Residual",null,{"$f":"F52","v":-2100},{"$f":"G52*G40","v":259.42448840299681},259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,-492.44391229898207,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,-590.80359926748304,161.06480143449585,161.06480143449585,{"$f":"AM52*AM40","v":161.06480143449585},161.06480143449585,161.06480143449585,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BS52*BS40","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Residual Value",{"$f":"F37","v":1211.7741670873563},null,{"$f":"$E$75*G73","v":0},{"$f":"$E$75*H73","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,1211.7741670873563,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$75*BT73","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Total Cash Flow with Residual",null,{"$f":"F74+F75","v":-2100},{"$f":"G74+G75","v":259.42448840299681},259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,-492.44391229898207,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,-590.80359926748304,161.06480143449585,161.06480143449585,161.06480143449585,161.06480143449585,1372.8389685218522,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BS74+BS75","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,"IRR ",{"$f":"IRR(F76:DB76)","v":0.10138164129554883}]
[]
[null,"Case 1: LCOE with Different Life"]
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[null,null,null,"Solar Flag",{"$f":"F2","v":35},null,{"$f":"G82<=$E$83","v":true},true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,true,{"$f":"AM82<=$E$83","v":true},true,true,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,{"$f":"BS82<=$E$83","v":false},false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,{"$f":"CY82<=$E$83","v":false},{"$f":"CZ82<=$E$83","v":false},{"$f":"DA82<=$E$83","v":false},{"$f":"DB82<=$E$83","v":false}]
[null,null,null,"Battery Flag",{"$f":"F3","v":15},null,{"$f":"G82<=$E$84","v":true},true,true,true,true,true,true,true,true,true,true,true,true,true,true,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,{"$f":"AM82<=$E$84","v":false},false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,{"$f":"BS82<=$E$84","v":false},false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false]
[null,null,null,"Cash Outflow",null,{"$f":"-F20","v":-2100}]
[null,null,null,"Solar Inflow",{"$f":"F28","v":62.213823071938478},null,{"$f":"$E$86*G83","v":62.213823071938478},62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,{"$f":"$E$86*AM83","v":62.213823071938478},62.213823071938478,62.213823071938478,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$86*BS83","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Battery Inflow",{"$f":"F29","v":197.21066533105835},null,{"$f":"$E$87*G84","v":197.21066533105835},197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,197.21066533105835,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$87*AM84","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"$E$87*BS84","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,"Total Cash Flow",null,{"$f":"F85+F86+F87","v":-2100},{"$f":"G85+G86+G87","v":259.42448840299681},259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,259.42448840299681,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,62.213823071938478,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"BS85+BS86+BS87","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,"IRR Check",{"$f":"IRR(F88:DB88)","v":0.10000000000000009}]

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[null,null,null,null,{"$f":"TRANSPOSE('LCOE Calculator'!H3:N3)","v":"No tax and No Inflation"},{"$f":"G4","v":8.6346718526017385E-2},{"$f":"TRANSPOSE('LCOE Calculator'!H6:N6)","v":8.6346718526017385E-2}]
[null,null,null,null,"Simple Taxes with St Line Depreciation",{"$f":"G5-G4","v":2.204832270312268E-2},0.10839504122914007]
[null,null,null,null,"Simple Taxes and Inflation",{"$f":"G6-G5","v":-2.8095930154739684E-2},8.0299111074400381E-2]
[null,null,null,null,"Accelerated Depreciation",-1.2561900537704257E-2,6.7737210536696124E-2]
[null,null,null,null,"ITC and Accelerated Depreciation",-2.0355199958186541E-2,4.7382010578509583E-2]
[null,null,null,null,"Prior Case with Debt Financing",-2.1350319149768173E-2,2.603169142874141E-2]
[null,null,null,null,"Prior Case with Degradation",null,2.8269379849557755E-2]

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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,2.8095930154739684E-2,0,0.10839504122914007,7.4542663361820014E-2,5.7564477125803632E-3,5,1,null,false,false,false,true,false,false,false,false,true,true,false,null,7.4542663361820014E-2,null,null,null,null,null,null,null,null,null,null,8.0299111074400381E-2,8.0299111074400381E-2,1,false,false,"Simple Taxes and Inflation",-2.8095930154739684E-2,8.0299111074400381E-2,null,null,null,5.7564477125803632E-3,null,null,null,-2.8095930154739684E-2,null,null,null,null,null,null,"Simple Taxes and Inflation"," \n",8.0299111074400381E-2,"Simple Taxes and Inflation \n",7.4542663361820014E-2,5.7564477125803632E-3,2.8095930154739684E-2,0,null,{"$f":"BB2","v":0.10839504122914007},{"$f":"BB3","v":8.0299111074400381E-2}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,1.2561900537704257E-2,0,8.0299111074400381E-2,6.1980762824115763E-2,5.7564477125803632E-3,5,1,null,false,false,false,true,false,false,false,false,true,true,false,null,6.1980762824115763E-2,null,null,null,null,null,null,null,null,null,null,6.7737210536696124E-2,6.7737210536696124E-2,1,false,false,"Accelerated Depreciation",-1.2561900537704257E-2,6.7737210536696124E-2,null,null,null,5.7564477125803632E-3,null,null,null,-1.2561900537704257E-2,null,null,null,null,null,null,"Accelerated Depreciation"," \n",6.7737210536696124E-2,"Accelerated Depreciation \n",6.1980762824115763E-2,5.7564477125803632E-3,1.2561900537704257E-2,0,null,null,{"$f":"BB3","v":8.0299111074400381E-2},{"$f":"BB4","v":6.7737210536696124E-2}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,2.0355199958186541E-2,0,6.7737210536696124E-2,4.1625562865929222E-2,5.7564477125803632E-3,5,1,null,false,false,false,true,false,false,false,false,true,true,false,null,4.1625562865929222E-2,null,null,null,null,null,null,null,null,null,null,4.7382010578509583E-2,4.7382010578509583E-2,1,false,false,"ITC and Accelerated Depreciation",-2.0355199958186541E-2,4.7382010578509583E-2,null,null,null,5.7564477125803632E-3,null,null,null,-2.0355199958186541E-2,null,null,null,null,null,null,"ITC and Accelerated Depreciation"," \n",4.7382010578509583E-2,"ITC and Accelerated Depreciation \n",4.1625562865929222E-2,5.7564477125803632E-3,2.0355199958186541E-2,0,null,null,null,{"$f":"BB4","v":6.7737210536696124E-2},{"$f":"BB5","v":4.7382010578509583E-2}]
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