EJERCICIO 4

EVALUACION SIN PROYECTO EVALUACION DE ALTERNATIVAS DE REEMPLAZO DE ACTIVOS

EPG 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Ventas 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000
Valor Rsidual 500,000
Costos 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,001 1,200,002 1,200,003 1,200,004 1,200,005
Depreciación 666,667 666,667 666,667 666,667 666,667 666,667 666,667 666,667
Utilidad 1,733,333 1,733,333 1,733,333 1,733,333 1,733,333 1,733,333 1,733,333 1,733,333 2,400,000 2,400,000 2,399,999 2,399,998 2,399,997 2,399,996 2,899,995
Gastos 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
UAI 733,333 733,333 733,333 733,333 733,333 733,333 733,333 733,333 1,400,000 1,400,000 1,399,999 1,399,998 1,399,997 1,399,996 1,899,995
IR 220,000 220,000 220,000 220,000 220,000 220,000 220,000 220,000 420,000 420,000 420,000 419,999 419,999 419,999 569,999
UN 513,333 513,333 513,333 513,333 513,333 513,333 513,333 513,333 980,000 980,000 979,999 979,999 979,998 979,997 1,329,997

FLUJO CAJA

Ventas 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000
Valor Residual 500,000
Costos 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,001 1,200,002 1,200,003 1,200,004 1,200,005
Gastos 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Impuestos 220,000 220,000 220,000 220,000 220,000 220,000 220,000 220,000 420,000 420,000 420,000 419,999 419,999 419,999 569,999
Saldo 1,180,000 1,180,000 1,180,000 1,180,000 1,180,000 1,180,000 1,180,000 1,180,000 980,000 980,000 979,999 979,999 979,998 979,997 1,329,997

VAN 7,732,117

EVALUACION CON PROYECTO

Srvicio Deuda 1 2 3 4 5 6 7 8 9 10
Principal 552,236 596,415 644,128 695,658 751,311 811,416 876,329 946,435 1,022,150 1,103,922 8,000,000
Interese 640,000 595,821 548,108 496,578 440,925 380,820 315,907 245,801 170,086 88,314
Total 1,192,236 1,192,236 1,192,236 1,192,236 1,192,236 1,192,236 1,192,236 1,192,236 1,192,236 1,192,236

EPG

Ventas 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000
Ventas usasd 6,000,000
Valor Residual 1,000,000
Costos 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000
Deprecia nueva 866,667 866,667 866,667 866,667 866,667 866,667 866,667 866,667 866,667 866,667 866,667 866,667 866,667 866,667 866,667
Depreciac ant 5,333,333
Utilidad 666,667 3,333,333 3,333,333 3,333,333 3,333,333 3,333,333 3,333,333 3,333,333 3,333,333 3,333,333 3,333,333 3,333,333 3,333,333 3,333,333 3,333,333 4,333,333
Gastos 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000
U.Operativa 666,667 2,133,333 2,133,333 2,133,333 2,133,333 2,133,333 2,133,333 2,133,333 2,133,333 2,133,333 2,133,333 2,133,333 2,133,333 2,133,333 2,133,333 3,133,333
Gastos Finan 0 640,000 595,821 548,108 496,578 440,925 380,820 315,907 245,801 170,086 88,314 0 0 0 0 0
UAI 666,667 1,493,333 1,537,512 1,585,225 1,636,756 1,692,408 1,752,513 1,817,426 1,887,533 1,963,248 2,045,020 2,133,333 2,133,333 2,133,333 2,133,333 3,133,333
IR 200,000 448,000 461,254 475,568 491,027 507,722 525,754 545,228 566,260 588,974 613,506 640,000 640,000 640,000 640,000 940,000
UN 466,667 1,045,333 1,076,259 1,109,658 1,145,729 1,184,686 1,226,759 1,272,198 1,321,273 1,374,273 1,431,514 1,493,333 1,493,333 1,493,333 1,493,333 2,193,333
FLUJO CAJA
Préstamos 8,000,000
Ventas 0 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000
Ventas usasd 6,000,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Valor Residua 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,000,000
Costos 0 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000
Gastos 0 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000
Gastos Finan 0 640,000 595,821 548,108 496,578 440,925 380,820 315,907 245,801 170,086 88,314 0 0 0 0 0
Impuesto 200,000 448,000 461,254 475,568 491,027 507,722 525,754 545,228 566,260 588,974 613,506 640,000 640,000 640,000 640,000 940,000
Amortizacion 0 552,236 596,415 644,128 695,658 751,311 811,416 876,329 946,435 1,022,150 1,103,922 8000000 0 0 0 0
Inversión 13,000,000
Saldo 800,000 1,359,764 1,346,510 1,332,196 1,316,737 1,300,042 1,282,010 1,262,536 1,241,504 1,218,790 1,194,258 -5,640,000 2,360,000 2,360,000 2,360,000 3,060,000

VAN 8,723,481

FLUJO DIFERENCIAL

CON PROYE 800,000 1,359,764 1,346,510 1,332,196 1,316,737 1,300,042 1,282,010 1,262,536 1,241,504 1,218,790 1,194,258 -5,640,000 2,360,000 2,360,000 2,360,000 3,060,000
SIN PROYEC 0 1,180,000 1,180,000 1,180,000 1,180,000 1,180,000 1,180,000 1,180,000 1,180,000 980,000 980,000 979,999 979,999 979,998 979,997 1,329,997
DIFERNCIA 800,000 179,764 166,510 152,196 136,737 120,042 102,010 82,536 61,504 238,790 214,258 -6,619,999 1,380,001 1,380,002 1,380,003 1,730,004

VAN 991,364