Table 3.

Financial assumptions for TEA.

Item	Value
Project start	2019
Project length (year)	15
Plant depreciation schedule	Proportional
Depreciation period (year)	Half of project length
Debt ratio	0.4
Equity ratio	0.6
Cost of debt	0.08
Cost of equity	0.15
Overall hurdle rate	12.2%
Inflation	2%
Construction time (year)	2
% of FC spent in year 1	30
% of FC spent in year 2	70
Startup time (year)	1
% of FCOP during startup	100
% of VCOP during startup	50
% of VCOP during startup	50
Plant salvage value	0
Corporate tax	19%