Evaluating Energy Sector Investments: Calculating Volatility

Table 1

Analysis by DCF.

Total investment in trans. + subtransmission*	17,590.92
Total investment feeders on primary network + underground*	2,217.68
Total investment primary and secondary networks*	16,049.31
Total investment**	35,857.91
Net present value (NPV) (discounted to 14.00%)*	14,064.79
Internal rate of return (IRR)	45.73%
Modified internal rate of return (MIRR) (reinv. rate 14.00%)	17.72%
Benefit/cost	1.27

*Amounts in R$1,000.00.
**Simple sum.