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Inversión maquina $500,000.

00
Depreciación 5 linea recta
Valor venta maquina $75,000.00
Impuestos 40.00%
Reducción de costos $200,000.00
tasa descuento 8%
0 1
Ingresos
- Costos -$200,000.00
Margen Bruto $200,000.00
- Gastos
EBITDA $200,000.00
- Depreciación $100,000.00
EBIT $100,000.00
- Impuestos $40,000.00
+ Depreciación $100,000.00
NoPAT $160,000.00
- Capex $500,000.00
- K de W
+ Valor de Recupero
+ Recupero kdew
Flujo de Caja Libre -$500,000.00 $160,000.00

tasa de descuento 8%

Indicadores de Presupuesto de Capital


VAN $169,459.85 Si es positiva, vale mas de
TIR 19.70% Rentabilidad del Proyecto.
Indice de Rentabilidad (PI= Profit index) PI 1.34 (Veces, adimensional). Ran

que pasaria si? VAN TIR


$169,459.85 19.70%
$50,000.00
$100,000.00
$129,262.81
$200,000.00
$250,000.00

$169,459.85
$0.00
$50,000.00
$75,000.00

flujo de caja de patrimonio


0 1
flujo de caja libre -$500,000.00 $160,000.00
Prestamo $400,000.00 Desembolsos $400,000.00
tasa 7.00% Intereses $28,000.00
nper 5 Amortización $69,556.28
Pago S/. -97,556.28 Escudo tributario -$11,200.00
Flujo de caja de patrimonio -$100,000.00 $73,643.72

TIR Accionista 68.47%

Periodo Principal Intereses Amortizacion

0 $400,000.00
1 $330,443.72 $28,000.00 $69,556.28
2 $256,018.51 $23,131.06 $74,425.22
3 $176,383.52 $17,921.30 $79,634.98
4 $91,174.09 $12,346.85 $85,209.43
5 $0.00 $6,382.19 $91,174.09
2 3 4 5

-$200,000.00 -$200,000.00 -$200,000.00 -$200,000.00


$200,000.00 $200,000.00 $200,000.00 $200,000.00

$200,000.00 $200,000.00 $200,000.00 $200,000.00


$100,000.00 $100,000.00 $100,000.00 $100,000.00
$100,000.00 $100,000.00 $100,000.00 $100,000.00
$40,000.00 $40,000.00 $40,000.00 $40,000.00
$100,000.00 $100,000.00 $100,000.00 $100,000.00
$160,000.00 $160,000.00 $160,000.00 $160,000.00

$45,000.00

$160,000.00 $160,000.00 $160,000.00 $205,000.00

es positiva, vale mas de lo q nos cuesta. Se puede vender a ese valor.


ntabilidad del Proyecto. Rentabilidad si rinde mas de lo que nos cuesta, mas de la tasa de descuento.
eces, adimensional). Ranking de Proyectos.

PI
1.34
0.62
0.86
1.00
1.34
1.58
2 3 4 5
$160,000.00 $160,000.00 $160,000.00 $205,000.00

$23,131.06 $17,921.30 $12,346.85 $6,382.19


$74,425.22 $79,634.98 $85,209.43 $91,174.09
-$9,252.42 -$7,168.52 -$4,938.74 -$2,552.87
$71,696.15 $69,612.24 $67,382.46 $109,996.60

Cuota 300000 0.07


21000

$97,556.28
$97,556.28
$97,556.28
$97,556.28
$97,556.28

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