saldo deuda

cuota Fija

18,150.0
4,167.4
15,797.6
4,167.4
13,210.0
4,167.4
10,363.6
4,167.4
7,232.6
4,167.4
3,788.5
4,167.4
CUOTA
VAN
4167.37
FLujos
(M$)
Flujo
Proyecto

Ao 0
-23,900.0

interes
1,815.0
1,579.8
1,321.0
1,036.4
723.3
378.9
$ 531.89

Ao 1

amortizacion
2,352.4
2,587.6
2,846.4
3,131.0
3,444.1
3,788.5

Ao 2
5,113.4

interes net
iimp.
1,633.5
1,421.8
1,188.9
932.7
650.9
341.0

Ao 3
5,113.4

cuota net
imp.
3,985.9
4,009.4
4,035.3
4,063.7
4,095.0
4,129.5

Ao 4
5,113.4

efecto deuda
-3,985.9
-4,009.4
-4,035.3
-4,063.7
-4,095.0
-4,129.5

Ao 5
5,113.4

8,254.8

Efecto deuda

18,159.0

-3,985.9

-4,009.4

Flujo
adaptado

-5,741.0

1,127.5

4,245.4

VAN
PROYECTO

$ 15,498.38

VAN DEUDA

$ 531.89

VAN
AJUSTADO 1

$ 16,030.27

Ao 6

Ao 7

Ao 8

Ao 9

Ao 10

8,974.8

8,974.8

8,974.8

9,760.1

-4,035.3

-4,063.7

-4,095.0

-4,129.5

4,939.5

4,911.0

4,879.7

5,630.6

10,660.1

10,660.1

saldo deuda

cuota Fija

18,150.0
3,279.2
16,504.3
3,279.2
14,710.4
3,279.2
12,755.1
3,279.2
10,623.8
3,279.2
8,300.7
3,279.2
5,768.5
3,279.2
3,008.5
3,279.2
CUOTA
VAN
3279.24
FLujos
(M$)
Flujo
Proyecto

Ao 0

interes
1,633.5
1,485.4
1,323.9
1,148.0
956.1
747.1
519.2
270.8
$ 607.1

Ao 1

amortizacion
1,645.7
1,793.9
1,955.3
2,131.3
2,323.1
2,532.2
2,760.1
3,008.5

Ao 2

interes net
iimp.
1,470.2
1,336.8
1,191.5
1,033.2
860.5
672.4
467.3
243.7

Ao 3

cuota net
imp.
3,115.9
3,130.7
3,146.8
3,164.4
3,183.6
3,204.5
3,227.3
3,252.2

Ao 4

Flujo deuda
-3,115.9
-3,130.7
-3,146.8
-3,164.4
-3,183.6
-3,204.5
-3,227.3
-3,252.2

Ao 5

-23,900.0

5,113.4

5,113.4

5,113.4

5,113.4

8,254.8

Efecto deuda

18,159.0

-3,115.9

-3,130.7

-3,146.8

-3,164.4

-3,183.6

Flujo
adaptado

-5,741.0

1,997.5

1,982.7

1,966.6

1,949.0

5,071.1

VAN
PROYECTO

$ 15,498.38

VAN DEUDA

$ 607.12

VAN
AJUSTADO 2

$ 16,105.50

1
2
3
4
5
6
7
8

Ao 6

8.3861

Ao 7

Ao 8

Ao 9

8,974.8

8,974.8

8,974.8

-3,204.5

-3,227.3

-3,252.2

5,770.2

5,747.4

5,722.6

Ao 10
9,760.1

10,660.1

9,760.1

10,660.1

ITEM (M$)
Ingresos
Costos
fabricacin
variables
Costos
fabricacin
fijos
Comisin por
venta
Royalty

Ao 0

Ao 1-4
11,600

Ao 5
16,240

Ao 6-8
16,240

Ao 9
17,400

Ao 10
17,400

-2,700

-3,780

-3,780

-4,050

-4,050

-2,500

-2,500

-2,500

-2,500

-2,500

-174

-243.6

-243.6

-261

-261

-800

-800

Depreciacin

-2,300

-2,300

-2,300

-2,300

-2,300

Utilidad ante
de impuesto

3,126

6,616.40

7,416.40

8,289

8,289

312.6

661.64

741.64

828.9

828.9

2,813.40

5,954.76

6,674.76

7,460.10

7,460.10

2,300

2,300

2,300

2,300

2,300

Impuesto
(10%)
Utilidad
despus de
impuesto
Depreciacin
Inversin
inicial
Capital de
trabajo

-23,000
-900

Recuperaci
n del capital
de trabajo
Flujo de caja
VAN (%)
TIR
FLujos
(M$)
Flujo
Proyecto

900

-23,900

5,113.40

$ 15,498.38
24%
Ao 0

8,254.76
VAN capm

Ao 1

Ao 2

8,974.76

9,760.10

10,660.10

$ 7,896.31

Ao 3

Ao 4

Ao 5

-23,900.0

5,113.4

5,113.4

5,113.4

5,113.4

8,254.8

-23,900.0

5,113.4

5,113.4

5,113.4

5,113.4

8,254.8

Efecto deuda
Flujo
adaptado

Ao 6

Ao 7

Ao 8

Ao 9

Ao 10

8,974.8

8,974.8

8,974.8

9,760.1

10,660.1

8,974.8

8,974.8

8,974.8

9,760.1

10,660.1