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Conclusion We can conclude that the project is sensitive to the income because the elasticity of EIRR from the percentage change of income (from –30% to +30% to 10 percentage points) is relatively high. The project is not sensitive to the change of the height of investments and the change of prices of electrical energy. During the discount rate of 8% we can evaluate the critical values of the income, investment and price (expenditure of electrical energy) during which the project is on the border of profitability. The critical values are illustrated in the following table. Table no. 78 Critical values of the income, investment and the price (expenditure of electrical energy) during which the project is on the border of profitability. Варијабла

Критична вредност

Income

22%

Investment

58%

Price (expenditure of electrical energy)

65%

From the table it can be seen that during decreasing the income for 22% the project is on the border of profitability. During icreasing of investments for 58% the project is on the border of profitability and during increasing of the expenditure or price of electrical energy for 65% the project is already on the border of profitability which is least likely to happen. It has to be mentioned that the sensitivity analysis is done only if one variable changes and all the rest are constant.

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Fizibility studija carev vrv english translation  

Fizibility studija carev vrv english translation  

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