Power calculation
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rl719236
You can find good power calculations at
http://www.lustaufzukunft.de/pivit/aero/formel.html
(german). They agree with the 414AM and my own experience on a good training machine quite well. Your c_w is much too high for a racing bike: 0.65 instead of 0.39.
I already patched my local version and added roll resistivity from that website.
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The formulas on that website also agree with me rolling down a hill, which is about 50km/h final velocity at 5% downward slope.