FLUJO CON FINANCIAMIENTO

Ao 0
Ventas (licencias o mantencion)
precio
+
=

Ingresos
Mano de obra
Licencias
Servidor
Amortizacin
Depreciacion
UAII

$0
$ 6,000,000
$ 340,300
$ 600,000
$ 739,354

Ao 1
5 Lic, 12 mant
$ 2.000.000, $ 300.000

Ao 2
12
$ 300,000

$ 13,600,000
$ 1,200,000

$ 3,600,000
$ 1,200,000

-$ 7,679,654

$ 828,077
$ 200,000
$ 11,371,923

$ 927,446
$ 200,000
$ 1,272,554

- Gastos financieros deuda (intereses)

= UAI

$ 720,000
-$ 8,399,654

$ 631,277
$ 10,740,646

$ 531,908
$ 740,646

- Impuesto (17%)
= UDI

-$ 1,305,541
-$ 7,094,113

$ 1,933,227
$ 8,807,419

$ 216,334
$ 524,312

$ 739,354

$ 828,077
$ 200,000

$ 927,446
$ 200,000

-$ 6,354,759

$ 9,835,496

$ 1,651,758

+ amortizacin deuda
+ Depreciacion
+ Valor desecho activos fijos
Flujo de caja del inversionista
r(%)
VAN
TIR

13%
$ 7,155,830.98
85%

N FINANCIAMIENTO
Ao 3

Ao 4

Ao 5

12
$ 300,000

12
$ 300,000

12
$ 300,000

$ 3,600,000
$ 1,200,000

$ 3,600,000
$ 1,200,000

$ 3,600,000
$ 1,200,000

$ 1,038,740
$ 200,000
$ 1,161,260

$ 1,163,388

$ 1,302,995

$ 1,236,612

$ 1,097,005

$ 420,615
$ 740,646

$ 295,966
$ 940,646

$ 156,359
$ 940,646

$ 197,414
$ 543,231

$ 210,224
$ 730,422

$ 186,491
$ 754,155

$ 1,038,740
$ 200,000

$ 1,163,388

$ 1,302,995

$ 1,781,971

$ 1,893,810

$ 2,057,150

Perodo
0
1
2
3
4
5
6

Saldo
$ 6,000,000.00
$ 5,260,645.69
$ 4,432,568.86
$ 3,505,122.81
$ 2,466,383.24
$ 1,302,994.92
$ 0.00

Inters

$ 720,000.00
$ 631,277.48
$ 531,908.26
$ 420,614.74
$ 295,965.99
$ 156,359.39

Amortizacin

$ 739,354.31
$ 828,076.83
$ 927,446.05
$ 1,038,739.57
$ 1,163,388.32
$ 1,302,994.92

Prestacin o cuota

$ 1,459,354.31
$ 1,459,354.31
$ 1,459,354.31
$ 1,459,354.31
$ 1,459,354.31
$ 1,459,354.31

Principal
inters
n

6000000
12%
6