Calculators › Project finance — IRR & DSCR

Project finance — IRR & DSCR

Model an AI data center as a project financing: capex, leverage, debt service, revenue ramp, exit multiple → levered IRR, DSCR, and NPV. Defaults from the guide's numbers register.

Project finance — levered IRR / DSCR

Total capex$MDebt / leverage%Interest rate%Debt termyrRevenue (yr 1)$M/yrOpex% of revRevenue growth%/yrHold periodyrExit multiple×EBITDADiscount rate%

34.8% levered IRR

Unlevered IRR22.9%

Equity invested$400M

NPV @ 10%$810M

Min DSCR1.76×

Equity multiple5.8×

Pre-tax screening pro-forma (level debt amortization; EBITDA = revenue − opex; terminal value = exit multiple × final EBITDA, less remaining debt). Min DSCR below ~1.3–1.4× is where lenders balk; contracted offtake supports more leverage than merchant → Ch 1.8.

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