Unds

Precio
Cto. Var.

(+)
(+)
(-)

Items
Ingresos
Costos Variables
alojamiento y alimentacion
bolantes (publicidad)
gastos notariales
Costos Fijos
Margen operacional
Depreciacion edificio
edificio v/l
depreciacion equipamiento
marca activo intangible
U.A.I.
Impuesto
U.D.I.
Depreciacion edificio
depreciacion equipamiento
Inversion edificio
inversion equipamiento
inversion de activo intangible
Flujo de Caja Neto
Flujo de Caja Neto Acumulado

1000
200
80

1
60,000,000
-

96,000,000
22,000,000
2,000,000
120,000,000
120,000,000

Ko

19%

VP
VAN
TIR
PRC

258,077,273
138,077,273
43%
2 aos, 3 meses y 18 dias

Decision del Proyecto

Se realiza el proyecto Por:

26,400,000
5,000,000
3,000,000
25,000,000
50,600,000
3,200,000
2,200,000
166,667
45,366,667
8,619,667
36,747,000
3,200,000
2,200,000

42,147,000
77,853,000

1100
200
80

1122
200
80

2
65,000,000
-

28,600,000

25,000,000
61,400,000
3,200,000

2,200,000
166,667
56,166,667
10,671,667
45,495,000
3,200,000
2,200,000

50,895,000
26,958,000

1144
230
80

3
75,000,000
-

33,000,000

25,000,000
67,000,000
3,200,000

2,200,000
166,667
61,766,667
11,735,667
50,031,000
3,200,000
2,200,000

55,431,000
28,473,000

1167
230
80

4
85,000,000
-

37,400,000

25,000,000
72,600,000
3,200,000

2,200,000
166,667
67,366,667
12,799,667
54,567,000
3,200,000
2,200,000

59,967,000
88,440,000

1191
230
80

6
85,000,000

###
-

37,400,000

37,400,000

###
72,600,000
3,200,000
-

25,000,000
72,600,000
3,200,000

2,200,000
166,667
67,366,667
12,799,667
54,567,000
3,200,000
2,200,000

2,200,000
166,667
67,366,667
12,799,667
54,567,000
3,200,000
2,200,000

59,967,000
148,407,000

* VAN positivo, lo que indica que el proyecto generara liquidez.

* TIR del proyecto mayor a la tasa de costo de oportunidad del mercado.
* PRC del proyecto se recuperara a mediados de la vida util, lo cual la
hace interesante desde elpunto de vista del tiempo.
* ko en menor que el tir donde me indica que el proyeto es rentable

59,967,000
208,374,000

1214
230
80

1239
230
80

7
85,000,000
-

37,400,000

25,000,000
72,600,000
3,200,000

2,200,000
166,667
67,366,667
12,799,667
54,567,000
3,200,000
2,200,000

59,967,000
268,341,000

8
85,000,000
-

37,400,000

25,000,000
72,600,000
3,200,000

2,200,000
166,667
67,366,667
12,799,667
54,567,000
3,200,000
2,200,000

59,967,000
328,308,000

9
85,000,000
-

37,400,000

25,000,000
72,600,000
3,200,000

2,200,000
166,667
67,366,667
12,799,667
54,567,000
3,200,000
2,200,000

59,967,000
388,275,000

Unds
Precio
Cto. Var.

(+)
(+)
(-)
(-)

Items
Ingresos
Costos Variables
alojamiento y alimentacion
bolantes (publicidad)
gastos notariales
Costos Fijos
Margen operacional
Depreciacion edificio
edificio v/l
depreciacion equipamiento
marca activo intangible
Interes
U.A.I.
Impuesto
U.D.I.
Depreciacion edificio
depreciacion equipamiento
amortizacion del prestamo
Inversion edificio
inversion equipamiento
inversion de activo intangible
Flujo de Caja Neto
Flujo de Caja Neto Acumulado

1000
200
80

1
60,000,000
-

2,200,000
166,667
9,463,200
54,829,867
10,417,675
44,412,192
3,200,000
2,200,000
6,560,053

43,252,139
76,747,861

96,000,000
22,000,000
2,000,000
120,000,000
120,000,000

Ko

19%

VP
VAN
TIR
PRC

246,811,798
126,811,798
42%
2 aos, 3 meses y 18 dias

Decision del Proyecto

Se realiza el proyecto Por:

26,400,000
5,000,000
3,000,000
25,000,000
50,600,000
3,200,000

1100
200
80

1122
200
80

2
65,000,000
-

28,600,000

25,000,000
61,400,000
3,200,000

2,200,000
166,667
8,823,859
64,990,526
12,348,200
52,642,326
3,200,000
2,200,000
7,199,394

50,842,932
25,904,929

1144
230
80

3
75,000,000
-

33,000,000

25,000,000
67,000,000
3,200,000

2,200,000
166,667
8,122,105
69,888,772
13,278,867
56,609,905
3,200,000
2,200,000
7,901,148

54,108,757
28,203,828

1167
230
80

4
85,000,000
-

37,400,000

25,000,000
72,600,000
3,200,000

2,200,000
166,667
7,351,835
74,718,502
14,196,515
60,521,986
3,200,000
2,200,000
8,671,418

57,250,568
85,454,396

1191
230
80

6
85,000,000

###
-

37,400,000

37,400,000

###
72,600,000
3,200,000
-

25,000,000
72,600,000
3,200,000

2,200,000
166,667
6,506,348
73,873,015
14,035,873
59,837,142
3,200,000
2,200,000
9,516,905

2,200,000
166,667
5,578,287
72,944,954
13,859,541
59,085,413
3,200,000
2,200,000
10,444,966

55,720,237
141,174,633

* VAN positivo, lo que indica que el proyecto generara liquidez.

* TIR del proyecto mayor a la tasa de costo de oportunidad del mercado.
* PRC del proyecto se recuperara a mediados de la vida util, lo cual la
hace interesante desde elpunto de vista del tiempo.

54,040,447
195,215,080

1214
230
80

1239
230
80

7
85,000,000
-

37,400,000

25,000,000
72,600,000
3,200,000

2,200,000
166,667
4,559,575
71,926,242
13,665,986
58,260,256
3,200,000
2,200,000
6,382,674

57,277,582
252,492,661

8
85,000,000
-

37,400,000

25,000,000
72,600,000
3,200,000

2,200,000
166,667
3,959,604
71,326,270
13,551,991
57,774,279
3,200,000
2,200,000
6,982,645

56,191,634
308,684,295

9
85,000,000
-

37,400,000

25,000,000
72,600,000
3,200,000

2,200,000
166,667
3,303,235
70,669,902
13,427,281
57,242,620
3,200,000
2,200,000
7,639,014

55,003,607
363,687,902

BANCO REGIONAL
tasa
0.102
periodo
6
prestamo
22,000,000

periodo
0
1
2
3
4
5
6

cuota
interes
amortizacion saldo
5,081,004
22,000,000
5,081,004 2,244,000 2,837,004 19,162,996
5,081,004 1,954,626 3,126,379 16,036,617
5,081,004 1,635,735 3,445,269 12,591,348
5,081,004 1,284,317 3,796,687 8,794,661
5,081,004
897,055 4,183,949 4,610,712
5,081,004
470,293 4,610,712
0

22000000
76800000
98800000

22%
78%
100%

10.2%
9.4%

16%
44%
29.90%

BANCO DE LAGOS
tasa
periodo
prestamo

periodo

9.40%
8
76,800,000

cuota
0
1
2
3
4
5
6
7
8
9
10
11
12

interes
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249

$ 7,219,200
$ 6,869,233
$ 6,486,370
$ 6,067,517
$ 5,609,293
$ 5,107,995
$ 4,559,575
$ 3,959,604
$ 3,303,235
$ 2,585,168
$ 1,799,602
$ 940,193

amortizacion saldo
$ 3,723,049
$ 4,073,015
$ 4,455,879
$ 4,874,731
$ 5,332,956
$ 5,834,254
$ 6,382,674
$ 6,982,645
$ 7,639,014
$ 8,357,081
$ 9,142,647
###

###
###
###
###
###
###
###
###
###
###
###
###
$0
bco regional
bco lagos

interes
$ 7,219,200 $ 6,869,233 $ 6,486,370 $ 6,067,517 $ 5,609,293 $ 5,107,995 $ 4,559,575 $ 3,959,604
2,244,000 1,954,626 1,635,735 1,284,317
897,055
470,293
9,463,200 8,823,859 8,122,105 7,351,835 6,506,348 5,578,287 4,559,575 3,959,604

$ 3,959,604
$ 3,303,235
$ 2,585,168
$ 1,799,602
$ 940,193
$ 12,587,801
amortizacion
2,837,004 3,126,379 3,445,269 3,796,687 4,183,949 4,610,712
$ 3,723,049 $ 4,073,015 $ 4,455,879 $ 4,874,731 $ 5,332,956 $ 5,834,254 $ 6,382,674 $ 6,982,645
- 6,560,053 - 7,199,394 - 7,901,148 - 8,671,418 - 9,516,905 -10,444,966 - 6,382,674 - 6,982,645

$ 3,303,235 $ 2,585,168 $ 1,799,602

3,303,235

2,585,168

1,799,602

$ 940,193
940,193

$ 7,639,014 $ 8,357,081 $ 9,142,647

###
- 7,639,014 - 8,357,081 - 9,142,647 -10,002,055

ko

kd1(1-tax)d1/t+kd2(1-tax)d2/t+kss/t

programa de devolucion del prestamo

tasa
periodo
prestamo

0.19
12
21,200,000

periodo

cuota
0
1
2
3
4
5
6
7
8
9
10
11
12

interes
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196

rentabilidad

4,028,000
3,919,663
3,790,742
3,637,325
3,454,760
3,237,507
2,978,976
2,671,325
2,305,219
1,869,554
1,351,112
734,166

4,598,196

amortizacion
570,196
678,533
807,454
960,870
1,143,436
1,360,689
1,619,219
1,926,871
2,292,976
2,728,642
3,247,084
3,864,030

saldo
21,200,000
20,629,804
19,951,271
19,143,817
18,182,947
17,039,511
15,678,823
14,059,603
12,132,732
9,839,756
7,111,114
3,864,030
0