I agree the formula doesn't seem very good. if nothing else, when you have a length of 0, the outer diameter is only 0.37" while the "inner" diameter is 3"!
I would go back to geometry. The volume of the material is V = L*W*t
When it is wrapped on a cylinder, the volume of the "cylinder with the center missing" would be V = pi*(R_outer^2 - R_inner^2)*W
Setting these equal and doing a little algebra gives
R_outer = [ (12*L)*t/pi + R_inner^2 ]^0.5 or
D_outer = [ 48*L*t/pi +D_inner^2]^0.5
The 12 is to convert from ft to inches; t= thickness; L=length;
or in your spread sheet SQRT(48*F4*D4/PI()+C4^2)
This seems to work pretty well. There might be a bit of a "fudge factor" needed if the material has any gaps as it is rolled.
I get 13.36" for a 150' roll, compared to your 13.03. And I get 3" for a 0ft roll, which is what it should be!
Tim Folkerts
P.S. Looks like Frank beat me to the punch. Nice to see we get the same formula