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Datos
1 OFERTA DE ELENORSA
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Subestación (4,000,000)
Venta instalac 600,000
Efecto Tx 140,000
Compra Elenorsa (465,000) (465,000) (465,000) (465,000) (465,000) (465,000) (465,000) (465,000) (465,000) (465,000) (465,000) (465,000) (465,000) (465,000) (465,000) (465,000) (465,000) (465,000) (465,000) (465,000)
Costos de operación (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000)
Supervisor (70,000) (70,000) (70,000) (70,000) (70,000) (70,000) (70,000) (70,000) (70,000) (70,000) (70,000) (70,000) (70,000) (70,000) (70,000) (70,000) (70,000) (70,000) (70,000) (70,000)
Depreciación (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000) (200,000)
Fondos Generados (3,260,000) (407,750) (407,750) (407,750) (407,750) (407,750) (407,750) (407,750) (407,750) (407,750) (407,750) (407,750) (407,750) (407,750) (407,750) (407,750) (407,750) (407,750) (407,750) (407,750) (407,750)
VP (5,960,581)
2 CENTRAL PROPIA
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Reparación (1,500,000)
Costo operac (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000) (1,440,000)
Depreciación (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (150,000) (150,000) (150,000) (150,000) (150,000) (150,000) (150,000) (150,000) (150,000) (150,000)
Superv adicional otra área (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000)
Fondos Generados (933,500) (933,500) (933,500) (933,500) (933,500) (933,500) (933,500) (933,500) (933,500) (2,433,500) (916,000) (916,000) (916,000) (916,000) (916,000) (916,000) (916,000) (916,000) (916,000) (916,000)
VP (6,562,685)
3 DECISIÓN Se recomienda aceptar la oferta de ELENORSA por tener un menor VAN en valor absoluto, lo que represental el menor costo a valor presente.
ANÁLISIS INCREMENTAL
Análisis de la situación con proyecto (Oferta Elenorsa) respecto a la situación actual (generación propia).
2 Flujo incremental
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Ahorro en costos operativos 775,000 775,000 775,000 775,000 775,000 775,000 775,000 775,000 775,000 775,000 775,000 775,000 775,000 775,000 775,000 775,000 775,000 775,000 775,000 775,000
Depreciación adicional (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000) (50,000)
Costo adicional del supervisor (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000)
Impuestos adicionales (229,250) (229,250) (229,250) (229,250) (229,250) (229,250) (229,250) (229,250) (229,250) (229,250) (246,750) (246,750) (246,750) (246,750) (246,750) (246,750) (246,750) (246,750) (246,750) (246,750)
Flujo incremental (3,260,000) 525,750 525,750 525,750 525,750 525,750 525,750 525,750 525,750 525,750 2,025,750 508,250 508,250 508,250 508,250 508,250 508,250 508,250 508,250 508,250 508,250
3 DECISIÓN Conviene aceptar la Oferta de Elenorsa, porque el VAN de esta alternativa en comparación con la situación es mayor a cero.
VAN>0 quiere decir que comprando la Oferta de electricidad a ELENORSA , CAESA genera más valor para sus accionistas.
Puesto que los ahorros son mayores a la inversión adicional.