Short List Total Cost of Boat Ownership Model
                       
Cells for User Inputted Data                       
Locked / Calculated Cells                       
                       
                     
  New 2006 Caliber 47LRC   New 2005 Tayana 48   Used 2000 Hylas 49   Used 2000 Amel 53   Used 1997 HR 53   Used 2003 IP 485
Asset Acquisition Costs                      
Boat Cost  $             382,950    $     410,000    $       450,000    $       485,000    $        655,000    $      590,000
Options Cost  $               83,000    $       45,000    $                -      $               -      $                 -      $              -  
Additional Equipment Cost  $               25,000    $       25,000    $         30,000    $         48,500    $          65,500    $       59,000
Customization  $                      -      $              -      $           5,000    $               -      $          15,000    $              -  
  Subtotal Boat, Options, EQ & Customization  $             490,950    $     480,000    $       485,000    $       533,500    $        735,500    $      649,000
Research Costs  $                 5,000    $         5,000    $           5,000    $          5,000    $            5,000    $         5,000
  (boat shows, inspections, factory visits, etc.)                      
Consulting Fees  $                    500    $            500    $              500    $             500    $              500    $            500
  (vendor & design analysis, etc.)                      
Haul Out / Storage  $                      -      $              -      $           1,000    $               -      $                 -      $         1,000
Commissioning  $                 7,000    $              -      $           1,000    $          1,000    $            1,000    $         1,000
Documentation  $                    300    $            300    $              300    $             300    $              300    $            300
Licensing  $                      -      $              -      $                -      $               -      $                 -      $              -  
Delivery/shipping  $                      -      $              -      $           2,500    $          2,500    $            2,500    $         2,500
Service Fees  $                      -      $              -      $                -      $               -      $                 -      $              -  
Launch Fees  $                      -      $              -      $                -      $               -      $                 -      $              -  
Sales Commission Amount  $                      -      $              -      $                -      $               -      $                 -      $              -  
Miscelaneous Asset Acquisition Costs  $                    500    $            500    $              500    $             500    $              500    $            500
Surveys, inspections, etc.  $                      -      $              -      $           2,500    $          2,500    $            2,500    $         2,500
   $                      -      $              -      $                -      $               -      $                 -      $              -  
   $                      -      $              -      $                -      $               -      $                 -      $              -  
  Subtotal Non-Boat Acquisition Costs  $               13,300    $         6,300    $         13,300    $         12,300    $          12,300    $       13,300
  Subtotal Boat and Non-Boat Acquisition Costs  $             504,250    $     486,300    $       498,300    $       545,800    $        747,800    $      662,300
Sales Tax Rate 8.50%   8.50%   8.50%   8.50%   8.50%   8.50%
Sales Tax Amount  $               42,861    $       41,336    $         42,356    $         46,393    $          63,563    $       56,296
Total Asset Acquisition Cost  $             547,111    $     527,636    $       540,656    $       592,193    $        811,363    $      718,596
                     
                     
Financing                      
Annual Interest Rate 0.00%   0.00%   0.00%   0.00%   0.00%   0.00%
% Down (100% if buying the boat with cash) 100.00%   100.00%   100.00%   100.00%   100.00%   100.00%
Loan Points (%) 0.00%   0.00%   0.00%   0.00%   0.00%   0.00%
Loan Period in Years (1 to 30)                          -                      -                        -                       -                        -                      -  
Loan Fees  $                      -      $              -      $                -      $               -      $                 -      $              -  
                     
Total Asset Acquisition Cost  $             547,111    $     527,636    $       540,656    $       592,193    $        811,363    $      718,596
Loan Fees Cost  $                      -      $              -      $                -      $               -      $                 -      $              -  
Loan Points Cost  $                      -      $              -      $                -      $               -      $                 -      $              -  
Miscellaneous Closing Costs  $                      -      $              -      $                -      $               -      $                 -      $              -  
  Subtotal Acquisition and Financing Costs  $             547,111    $     527,636    $       540,656    $       592,193    $        811,363    $      718,596
Less Down Payment  $            (547,111)    $    (527,636)    $      (540,656)    $      (592,193)    $       (811,363)    $     (718,596)
Total Amount Financed  $                      -      $              -      $                -      $               -      $                 -      $              -  
                     
Cash Due at Closing                      
Loan Fees Cost  $                      -      $              -      $                -      $               -      $                 - &nbs