Maquina nueva

Instalacin
V. Residual
Deprec anual

300,000
30,000
50,000
41,667

0
Ahorro
Deprec. Nuevo
Amortiz. Instalacin
Deprec. Viejo
EBIT
NOPAT
Deprec y amortiz.
Maquina nueva
Mquina vieja
FCL

-330,000
35,500
-294,500

COK

12%

VAN

1,021

Mquina vieja
DeprecPrecio actual (VM)
Ingreso neto de impuesto

1
80,000
-41,667
-30,000
20,000
28,333
19,833
51,667

2
80,000
-41,667

71,500

62,500

20,000
58,333
40,833
21,667

quina vieja

cio actual (VM)

eso neto de impuesto

60,000
20,000
25,000
35,500

3
80,000
-41,667

4
80,000
-41,667

5
80,000
-41,667

6
80,000
-41,667

20,000
58,333
40,833
21,667

38,333
26,833
41,667

38,333
26,833
41,667

38,333
26,833
41,667
40,000

62,500

68,500

68,500

108,500

Inversin
Deprec
VM

10,000,000
2,500,000
2,000,000
0

Ingresos
60% Costo variable
Costo fijo
Depreciacin
EBIT
NOPAT
Depreciacin

35%

1
2
3
20,000,000 20,000,000 20,000,000
-12,000,000 -12,000,000 -12,000,000
-1,000,000 -1,000,000 -1,000,000
-2,500,000 -2,500,000 -2,500,000
4,500,000
4,500,000
4,500,000
2,925,000
2,925,000
2,925,000
2,500,000
2,500,000
2,500,000

Inv. Mquina
CTN
FCL

-10,000,000
-1,841,667
-11,841,667

5,425,000

5,425,000

5,425,000

Estructura capital
Peso
Deuda
Patrimonio

WACC
VAN
TIR
I B/C
VA FC
Acumulado

1,000
2,000
3,000

Costo
33.33%
66.67%

12%
18%

4,733,857
-7,107,810

4,130,765
-2,977,045

14.60%
5,594,225
34.7%
1.472
-11,841,667
-11,841,667

3,604,507
627,463
Se recupera en el tercer

Capital de trabajo

4
20,000,000
-12,000,000
-1,000,000
-2,500,000
4,500,000
2,925,000
2,500,000

Peridodo de cobro
Periodo inventario
Periodo de pago
DD
Costos anuales
CTN requerido

45
36
30
51
13,000,000
1,841,667

1,300,000
1,841,667
8,566,667

4,966,763
5,594,225
ecupera en el tercer ao