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(+) Ventas
(-) Costos de Ventas
(-) Gastos de Administracin y Ventas
(-) Depreciacin
(-)Amortizacin
Resultado Operacional
(+/-) Ganancia/Prdida de Capital
(-) Inters
Resultado No Operacional
UAI
(-) Impuesto a las Empresas
UDI
(+) Depreciacin
(-)Amortizacin
(-/+) Ganancia/Prdida de Capital
Flujo Operacional
(-) Inversin Fija
(-) Inversin A. Nominales
(-) Inversin en K de Trabajo
(+) Valor Residual
(+) Recuperac del Cap de Trabajo
(+) Prstamos
(-) Amortizaciones
Flujo de Capitales
Flujo de Caja Privado

Ao 0

-86,000
-8,000
-112,000

Ao 1
560,000
-360,000
-150,000
-14,000
-6,500
29,500

Ao 2
588,000
-372,000
-150,000
-14,000
-6,500
45,500

Ao 3
617,400
-384,600
-150,000
-14,000

-4,000
-4,000
25,500
-7,650
17,850
14,000
6,500

-3,318
-3,318
42,182
-12,655
29,527
14,000
6,500

-2,582
-2,582
66,218
-19,865
46,353
14,000
0

38,350

50,027

60,353

-5,600

-5,880

-8,523
-14,123
24,227

-9,205
-15,085
34,943

68,800

50,000
-156,000
-156,000

Estudio del Proyecto

-9,941
-9,941
50,412

-5000

VAN

47,123

Tasa de Descuento

20%

Tasa Corporativa

30%

Tasa Anual
8.0000%

AMORTIZACIN DE LA DEUDA
Perodo
1
2
3
4
5

Deuda Inicial Inters

Amortizacin
50,000.00
4,000.00
8,522.82
41,477.18
3,318.17
9,204.65
32,272.53
2,581.80
9,941.02
22,331.51
1,786.52
10,736.30
11,595.21
927.62
11,595.21

Cuota
12,522.82
12,522.82
12,522.82
12,522.82
12,522.82

Ao 4
617,400
-384,600
-150,000
-11,000
71,800
-1,787
-1,787
70,013
-21,004
49,009
11,000
0
60,009

-10,736
-10,736
49,273

Ao 5
617,400
-384,600
-150,000
-11,000

2
2
2
2
2

71,800
98,000 2
-928 2
97,072
168,872
-50,662
118,211
11,000
0
-98,000
31,211 2
2
2
2
120,000 2
123,480 2
-11,595 2
231,885
263,095

Deuda Final
41,477.18
32,272.53
22,331.51
11,595.21
0.00

233.3333333333