
Nicholas Fulford
60:03 - 60:57
"if you, if you look at it through a DCF lens, the project is actually making a 30% saving. So instead of a discounted cash flow amounting to $4 billion, it's one that amounts to $2.8 billion."
“if you, if you look at it through a DCF lens, the project is actually making a 30% saving. So instead of a discounted cash flow amounting to $4 billion, it's one that amounts to $2.8 billion.”
But then if you— if you look at it through the magnifying glass of discounted cash flow, which typically would be how a big mega project like this would— would examine it, then the picture starts to look very different. And I do apologize, the blue and the orange have switched for the right-hand line. So on the right hand graph, the, the orange line is the discounted value of the standard property tax, and the blue line is the discounted value of the delayed property tax. So, um, so what you see there is that if you, if you look at it through a DCF lens, the project is actually making a 30% saving. So instead of a discounted cash flow amounting to $4 billion, it's one that amounts to $2.8 billion.