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a) Compra de un vehculo de 10 toneladas ($150 millones ) para transpoorte de mercanca en viajes de total de 180 Km diarios durante 260 dias del ao
Incremento
Capacidad Toneladas
10
Viajes anuales
260
recorrido por viaje
180
Ingreso por tonelada
$ 40,000
Total Ingresos 1er ao
$ 104,000,000
10.00%
Rendimiento Km/gal
14
Costo comb/gal 1er ao
$ 2,600
11.00%
Costo mensual conductor
$ 500,000
10.00%
Costo anual Mantenimiento
$ 3,000,000
10.00%
Venta Final / precio nuevo
40.00%
Impuestos
35.00%
Valor de salvamento
10.00%
Costo Oportunidad
23.00%
Ao 0
Inversin
Ingresos
Costos
Salarios
Costo Mantenimiento
Costo Combustible
Ao 1
Ao 2
Ao 3
Ao 4
Ao 5
-$ 150,000,000
$ 104,000,000
$ 114,400,000
$ 125,840,000
$ 138,424,000
$ 152,266,400
-$ 6,000,000
-$ 3,000,000
-$ 8,691,429
-$ 6,600,000
-$ 3,300,000
-$ 9,647,486
-$ 7,260,000
-$ 3,630,000
-$ 10,708,709
-$ 7,986,000
-$ 3,993,000
-$ 11,886,667
-$ 8,784,600
-$ 4,392,300
-$ 13,194,201
Utilidad Bruta
Depreciacin
$ 86,308,571
-$ 27,000,000
$ 94,852,514
-$ 27,000,000
$ 104,241,291
-$ 27,000,000
$ 114,558,333
-$ 27,000,000
$ 125,895,299
-$ 27,000,000
Utilidad Gravable
Impuestos
$ 59,308,571
-$ 20,758,000
$ 67,852,514
-$ 23,748,380
$ 77,241,291
-$ 27,034,452
$ 87,558,333
-$ 30,645,416
$ 98,895,299
-$ 34,613,355
Utilidad Neta
Depreciacin
$ 38,550,571
$ 44,104,134
$ 50,206,839
$ 56,912,916
$ 64,281,945
$ 27,000,000
$ 27,000,000
$ 27,000,000
$ 27,000,000
$ 27,000,000
$ 65,550,571
$ 71,104,134
$ 77,206,839
$ 83,912,916
$ 91,281,945
Ao 4
Ao 5
Flujo de Fondos
-$ 150,000,000
TIR=
Ao 6
$ 106,293,660
43.37%
VPN=
-$ 31,952,781
$ 74,340,879
$ 82,334,499
Inversin
Ingresos
Costos
Salarios
Costo Mantenimiento
Costo Combustible
Ao 1
Ao 2
Ao 3
-$ 280,000,000
$ 156,000,000
$ 171,600,000
$ 188,760,000
$ 207,636,000
$ 228,399,600
-$ 6,000,000
-$ 4,000,000
-$ 11,061,818
-$ 6,600,000
-$ 4,400,000
-$ 12,278,618
-$ 7,260,000
-$ 4,840,000
-$ 13,629,266
-$ 7,986,000
-$ 5,324,000
-$ 15,128,485
-$ 8,784,600
-$ 5,856,400
-$ 16,792,619
Utilidad Bruta
Depreciacin
$ 134,938,182
-$ 50,400,000
$ 148,321,382
-$ 50,400,000
$ 163,030,734
-$ 50,400,000
$ 179,197,515
-$ 50,400,000
$ 196,965,981
-$ 50,400,000
Utilidad Gravable
Impuestos
$ 84,538,182
-$ 29,588,364
$ 97,921,382
-$ 34,272,484
$ 112,630,734
-$ 39,420,757
$ 128,797,515
-$ 45,079,130
$ 146,565,981
-$ 51,298,093
Utilidad Neta
Depreciacin
Flujo de Fondos
-$ 280,000,000
TIR=
F de F Incremental
-$ 130,000,000
TIR=
Ao 6
$ 198,414,832
-$ 59,645,191
$ 54,949,818
$ 50,400,000
$ 63,648,898
$ 50,400,000
$ 73,209,977
$ 50,400,000
$ 83,718,384
$ 50,400,000
$ 95,267,888
$ 50,400,000
$ 105,349,818
$ 114,048,898
$ 123,609,977
$ 134,118,384
$ 145,667,888
$ 138,769,641
VPN=
$ 97,872,065
$ 50,205,468
$ 54,385,943
$ 64,428,762
36.12%
$ 39,799,247
$ 42,944,764
$ 46,403,138
27.55%
0.00%
10.00%
15.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
$ 313,397,285
$ 481,564,606
$ 182,317,862
$ 263,282,658
$ 137,030,543
$ 188,220,708
$ 71,247,018
$ 79,604,430
$ 47,005,695
$ 39,726,893
$ 26,852,078
$ 6,644,239
$ 9,924,972
-$ 21,087,718
$ -4,426,226
$ -44,557,381
$ -16,699,126
$ -64,595,293
$ 500,000,000
$ 400,000,000
Costo de Oportunidad
$ 300,000,000
TIR Incremental
(Punto de equilibrio)
$ 200,000,000
$ 100,000,000
TIR Equipo 10 T0n
$0
0.00%
10.00%
15.00%
25.00%
30.00%
35.00%
-$ 100,000,000
Tasa % de Descuento
40.00%
45.00%
50.00%