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criterios de inversin
ndice
Slide # 02 - 04
Slide # 05 - 06
Slide # 07 - 08
Slide # 09 - 10
Slide # 11 - 12
Slide # 13 - 16
Slide # 17 - 19
Slide # 20 - 22
Slide # 23 - 24
VPN $24,000
$8,000
$9,800
$7,600
$6,900
CF0 = -$24,000
CO1 = $ 8,000
CO2 = $ 9,800
CO3 = $ 7,600
CO4 = $ 6,900
I = 12%
NPV CPT
$749.96
FO1
FO2
FO3
FO4
=1
=1
=1
=1
5: Periodo de recuperacin
Un proyecto tiene un costo inicial de $199,000. El proyecto
produce ingresos de $46,000, $54,000, $57,500, $38,900 y $46,500
sobre los prximos cinco aos, respectivamente.
6: Periodo de recuperacin
Ao
1
2
3
4
5
Periodo 4
Flujo
$46,000
$54,000
$57,500
$38,900
$46,500
Flujo acumulado
$ 46,000
$100,000
$157,500
$196,400
$242,900
7: Periodo de recuperacin
descontado
Un proyecto tiene una inversin inicial de $200,000 y produce
flujos de $86,000, $93,600, $42,000 y $38,000 en los prximos
cuatro aos respectivamente.
8: Periodo de recuperacin
descontado
Ao
1
2
3
4
$86,000/(1+.10)1
$93,600/(1+.10)2
$42,000/(1+.10)3
$38,000/(1+.10)4
Periododescontado 3
Flujo
Descontado
= $78,181.82
= $77,355.37
= $31,555.22
= $25,954.51
Flujo descontado
acumulado
$ 78,181.82
$155,537.19
$187,092.41
$213,046.92
($200,000- $187,092.4
1) $12,907.59
$134,000 $0
2
$5,525
$67,000
.08246
8.25%
CF0 = -$48,500
CO1 = $ 9,800
CO2 = $12,200
CO3 = $12,850
CO4 = $13,200
CO5 = $13,600
TIR CPT
8.14%
FO1 = 1
FO2 = 1
FO3 = 1
FO4 = 1
FO5 = 1
Proyecto A
-$32,000
$12,000
$17,600
$20,900
Proyecto B
-$30,000
$11,500
$16,700
$19,200
A
-$32,000
$12,000
$17,600
$20,900
B
-$30,000
$11,500
$16,700
$19,200
A-B
-$2,000
$ 500
$ 900
$1,700
CF0 = -$2,000
CO1 = $ 500 FO1 = 1
CO2 = $ 900 FO2 = 1
CO3 = $1,700 FO3 = 1
TIR CPT
20.6682% or 20.67%
A
-$32,000
$12,000
$17,600
$20,900
CF0
= -$32,000
CO1
= $12,000 FO1 = 1
CO2
= $17,600 FO2 = 1
CO3
= $20,900 FO3 = 1
I = 20.6682%
VPN CPT
$1,926.95
Ao
0
1
2
3
B
-$30,000
$11,500
$16,700
$19,200
CF0
= -$30,000
CO1
= $11,500 FO1 = 1
CO2
= $16,700 FO2 = 1
CO3
= $19,200 FO3 = 1
I = 20.6682%
VPN CPT
$1,926.95
A
-$32,000
$12,000
$17,600
$20,900
CF0 = -$32,000
CO1 = $12,000 FO1 = 1
CO2 = $17,600 FO2 = 1
CO3 = $20,900 FO3 = 1
I = 12%
VPN CPT
$7,621.11
Ao
0
1
2
3
B
-$30,000
$11,500
$16,700
$19,200
CF0 = -$30,000
CO1 = $11,500 FO1 = 1
CO2 = $16,700 FO2 = 1
CO3 = $19,200 FO3 = 1
I = 12%
VPN CPT
$7,247.18
$4,800
(1 .09)1
$6,400
$8,200
(1 .09) 2 (1 .09) 3
IR
$13,600
$4,403.67 $5,386.75 $6,331.90
$13,600
1.19
CF0 = $
0
CO1 = $4,800 FO1 = 1
CO2 = $6,400 FO2 = 1
CO3 = $8,200 FO3 = 1
I = 9%
VPN CPT
$16,122.33
IR
$16,122.33
1.19
$13,600
$16,000
VPN B $50,000
$21,000
$20,400
$21,000
$25,700
$28,000
CF0 = -$50,000
CO1 = $21,000 FO1 = 2
CO2 = $28,000 FO2 = 1
I = 11%
VPN CPT
$6,436.35
$3,838
1.36
$4,607
1.20
$4,908
1.02
$4,202
1.06
$4,607
1.20
$4,908
1.02
$4,202
1.06