[Retracted] Optimization of Tourism Real Estate Development Project Based on Option Premium Model

Table 3

Cash flow of the tourism real estate project under Project A (unit: yuan).

Development plan	Total	2016	2017	2018	2019	2020	2021	2022
Development cost-housing	2,455,650,000	887,650,000	387,970,000	257,580,000	379,760,000	410,550,000	132,120,000	0
Development costs-tourism	1,300,320,000	477,800,000	0	74,400,000	35,050,000	406,800,000	254,830,000	51,430,000
Total investment cost	3,755,970,000	1,365,450,000	387,970,000	331,980,000	414,810,000	817,350,000	386,960,000	51,430,000
Housing sales revenue	3,310,520,000	0	476,160,000	734,400,000	214,400,000	1,122,790,000	762,760,000	0
Tourism sales revenue	1,086,000,000	0	0	0	276,000,000	0	405,000,000	405,000,000
Total investment income	4,396,520,000	0	476,160,000	734,400,000	490,400,000	1,122,790,000	1,167,760,000	405,000,000
Net cash flow	327,770,000	−1,365,450,000	88,180,000	402,410,000	75,580,000	305,440,000	780,800,000	353,560,000