Item/año 0 1 2

Ingresos $ 1,647,000,000 $ 1,708,590,000

Valor Salvamento
Costo Variable $ 121,800,000 $ 127,890,000
Costo Fijo $ 207,600,000 $ 213,828,000
Depreciación $ 5,528,361 $ 5,528,361
Valor Libro
Utilidad Bruta $ 1,312,071,639 $ 1,361,343,639
Impuesto $ 236,172,895 $ 245,041,855
Utilidad Neta $ 1,075,898,744 $ 1,116,301,784
Depreciación $ 5,528,361 $ 5,528,361
Valor Libro
Activo Fijo $ 60,401,261
Activo Nominal $ 13,850,000
Capital Trabajo $ 164,700,000
Recuperación W
Recuperación Terreno
Flujo Neto $ 238,951,261 $ 1,081,427,105 $ 1,121,830,145

Año Costo Fijo Costo Fijo

$ 1 $ 207,600,000 Sueldo $0
$ 2 $ 213,828,000 Mantención $800,000
$ 3 $ 220,242,840 Seguros $1,500,000
$ 4 $ 226,850,125 Total $2,300,000
$ 5 $ 233,655,629
$ 6 $ 240,665,298
$ 7 $ 247,885,257 costos variables
$ 8 $ 255,321,814 acido $4,150,000
$ 9 $ 262,981,469 suministros $6,000,000
$ 10 $ 270,870,913
$ 11 $ 278,997,040
$ 12 $ 287,366,952

Año Costo Variable Ingresos (p*q)$$/año

$ 1 $ 121,800,000 1 $1,647,000,000
$ 2 $ 127,890,000 2 $1,708,590,000
$ 3 $ 134,284,500 3 $1,772,636,700
$ 4 $ 140,998,725 4 $1,839,244,251
$ 5 $ 148,048,661 5 $1,908,521,451
$ 6 $ 155,451,094 6 $1,980,581,961
$ 7 $ 163,223,649 7 $2,055,544,529
$ 8 $ 171,384,831 8 $2,133,533,230
$ 9 $ 179,954,073 9 $2,214,677,710
$ 10 $ 188,951,777 10 $2,299,113,448
$ 11 $ 198,399,366 11 $2,386,982,029
$ 12 $ 208,319,334 12 $2,478,431,427

Valor Libo
cap. Trabajo W=((CF+CV)/12)*6 1 Chancador
$ 164,700,000 2 Chancador
3 Chancador
1 Tambor Aglomerador
2 Tambor Aglomerador
1 Decantador - Mezclador
2 Decamtadpr - Mezclador
Obras Civiles
Electro Winning
1 Bomba
2 Bomba
3 Bomba
Total
 3 4 5 6 7
$ 1,772,636,700 $ 1,839,244,251 $ 1,908,521,451 $ 1,980,581,961 $ 2,055,544,529

$ 134,284,500 $ 140,998,725 $ 148,048,661 $ 155,451,094 $ 163,223,649

$ 220,242,840 $ 226,850,125 $ 233,655,629 $ 240,665,298 $ 247,885,257
$ 5,528,361 $ 5,528,361 $ 5,528,361 $ 5,528,361 $ 5,528,361

$ 1,412,580,999 $ 1,465,867,040 $ 1,521,288,800 $ 1,578,937,208 $ 1,638,907,262

$ 254,264,580 $ 263,856,067 $ 273,831,984 $ 284,208,697 $ 295,003,307
$ 1,158,316,419 $ 1,202,010,973 $ 1,247,456,816 $ 1,294,728,510 $ 1,343,903,955
$ 5,528,361 $ 5,528,361 $ 5,528,361 $ 5,528,361 $ 5,528,361

$ 5,756,303 $ 8,739,496 $ 2,352,941

$ 1,163,844,780 $ 1,201,783,031 $ 1,244,245,681 $ 1,300,256,872 $ 1,347,079,375

$ 1,412,580,999
Año activo nominal
12 $0 puesta en marcha
12 $9,600,000 capacitacion ingeniero
12 $18,000,000 imprevistos
$27,600,000 gastos const. Minera
total

total anual q $1,800,000

12 $49,800,000 V. Venta 5
12 $72,000,000
total $121,800,000
IVA
1.19

Cp=(Cf+Cv)/q P(Cp*valor venta) activo fijo precio unitario

183 915 2 chancadores $ 5,200,000
190 949 1 tambor aglomerador $ 2,800,000
197 985 5 decantador-mezclador $ 1,500,000
204 1022 obras civiles $ 12,750,000
212 1060 planta E.W $ 8,000,000
220 1100 5 bombas $ 1,370,000
228 1142 compra de terreno en al $ 16,500,000
237 1185 total $ 48,120,000
246 1230
255 1277 reinversiones / año
265 1326 Chancadores
275 1377 Tamblor Aglomerador
Decantador - Mezclador
Valor por Equipo $ Bombas
$1 Total
$1
$5,243,698 Valor Libro
-$4 chancador 1 $ -
$672,266 chancador 2 $ -
$1 chancador 3 $ 5,243,697.48
$5,042,017 T. aglomerador 1 $ -
$4,250,004 T. aglomerador 2 $ 672,268.91
$8 decantador 1 $ -
-$1 decantador 2 $ 5,042,016.81
-$1 obras civiles $ 4,250,000.00
-$1 P. electrowinning $ -
$15,207,989 bombas 1 $ -
bombas 2 $ -
bombas 3 $ -
Vt total $ 15,207,983
 8 9 10 11
$ 2,133,533,230 $ 2,214,677,710 $ 2,299,113,448 $ 2,386,982,029

$ 171,384,831 $ 179,954,073 $ 188,951,777 $ 198,399,366

$ 255,321,814 $ 262,981,469 $ 270,870,913 $ 278,997,040
$ 5,528,361 $ 5,528,361 $ 5,528,361 $ 5,528,361

$ 1,701,298,224 $ 1,766,213,807 $ 1,833,762,397 $ 1,904,057,262

$ 306,233,680 $ 317,918,485 $ 330,077,231 $ 342,730,307
$ 1,395,064,543 $ 1,448,295,321 $ 1,503,685,165 $ 1,561,326,955
$ 5,528,361 $ 5,528,361 $ 5,528,361 $ 5,528,361

$ 5,756,303 $ 15,042,017

$ 1,394,836,602 $ 1,453,823,683 $ 1,494,171,510 $ 1,566,855,316

ominal Año Impuesto

$3,350,000 1 $ 236,172,895
$3,500,000 2 $ 245,041,855
$5,000,000 3 $ 254,329,974
$2,000,000 4 $ 263,272,102
$13,850,000 5 $ 273,831,984
6 $ 284,208,638
7 $ 295,003,307
8 $ 306,233,680
9 $ 317,918,485
10 $ 330,077,231
11 $ 342,730,307
12 $ 355,899,020

precio total precio total sin iva n(vida util) depreciacion

$ 10,400,000 $ 8,739,496 5 $ 1,747,899
$ 2,800,000 $ 2,352,941 7 $ 336,134
$ 7,500,000 $ 6,302,521 10 $ 630,252
$ 12,750,000 $ 12,750,000 18 $ 708,333
$ 8,000,000 $ 8,000,000 12 $ 666,667
$ 6,850,000 $ 5,756,303 4 $ 1,439,076
$ 16,500,000 $ 16,500,000
$ 64,800,000 $ 60,401,261 $ 5,528,361
 4 5 7 8
$8,739,496
$2,352,941

$ 5,756,303 $5,756,303
$ 5,756,303 $8,739,496 $2,352,941 $5,756,303

tasa interes
11%

tasa de descuento
11%
22%
26%
 12
$ 2,478,431,427 indicador TIR
$ 15,207,983 456%
$ 208,319,334
$ 287,366,952
$ 5,528,361 flujos netos
$ 15,207,983 -$ 238,951,261
$ 1,977,216,780 $ 1,081,427,105
$ 355,899,020 $ 1,121,830,145
$ 1,621,317,759 $ 1,163,844,780
$ 5,528,361 $ 1,201,783,031
$ 15,207,983 $ 1,244,245,681
$ 1,300,256,872
$ 1,347,079,375
$ 1,394,836,602
$ 164,700,000 $ 1,453,823,683
$ 16,500,000 $ 1,494,171,510
$ 1,823,254,104 $ 1,566,855,316
$ 1,823,254,104

0.18 Utilidad Bruta

$ 1,312,071,639
$ 1,361,343,639
$ 1,412,944,299
$ 1,462,622,789
$ 1,521,288,800
$ 1,578,936,877
$ 1,638,907,262
$ 1,701,298,224
$ 1,766,213,807
$ 1,833,762,397
$ 1,904,057,262
$ 1,977,216,780
 10
$8,739,496

$6,302,521

$15,042,017 $ 37,647,060

Indicador VAN
$8,088,970,435

van
$ 8,088,970,435
$ 4,849,276,941
$ 4,154,976,022
ivan PRI
$ 31 0.26

interes año de reinvercion valor valor al dia año

0.11 4 $ 5,756,303 $ 3,791,855 0
1 5 $ 8,739,496 $ 5,186,466 1
7 $ 2,352,941 $ 1,133,314
8 $ 5,756,303 $ 2,497,812
10 $ 15,042,017 $ 5,297,565
total $ 17,907,012

activo fijo $ 60,401,261

activo nominal $ 13,850,000
capital de trabajo $ 164,700,000
reinverciones $ 17,907,012
total $ 256,858,272
flujos neto flujo neto acumulado reinvercion
$ 238,951,261 $ 276,598,321 $ 37,647,060
$ 1,081,427,105 $ 1,119,074,165
 Flujo de Caja mixta
Item/año 0 1 2 3 4
Ingresos $1,647,000,000 $1,708,590,000 $1,772,636,700 $1,839,244,251
Valor Salvamento
Costo Variable $121,800,000 $127,890,000 $134,284,500 $140,998,725
Costo Fijo $207,600,000 $213,828,000 $220,242,840 $226,850,125
Depreciación $5,528,361 $5,528,361 $5,528,361 $5,528,361
Valor Libro
Gastos Financieros $4,698,496 $3,897,607 $3,032,647 $2,098,490
Utilidad Bruta $1,307,373,142 $1,357,446,031 $1,409,548,351 $1,463,768,549
Impuestos $235,327,166 $244,340,286 $253,718,703 $263,478,339
Utilidad Neta $1,072,045,977 $1,113,105,746 $1,155,829,648 $1,200,290,210
Depreciación $5,528,361 $5,528,361 $5,528,361 $5,528,361
Valor Libro
Amortización $10,011,113 $10,812,002 $11,676,962 $12,611,119
Activo Fijo $15,100,315 $1,439,076
Activo Nominal $13,850,000
Capital Trabajo $164,700,000
Recuperación W
Recuperación Terreno
Flujo Neto $193,650,315 $1,067,563,225 $1,107,822,105 $1,149,681,048 $1,191,768,377

Amortización
Año Deuda Inicial Interes Amortización Deuda Final P=( i(1+i)^n/(1+i)^n-1)
1 $58,731,205 $4,698,496 $10,011,113 $48,720,092
2 $48,720,092 $3,897,607 $10,812,002 $37,908,091
3 $37,908,091 $3,032,647 $11,676,962 $26,231,129 Tasa de Impuesto a la utilidad
4 $26,231,129 $2,098,490 $12,611,119 $13,620,010 Prestamo del Banco
5 $13,620,010 $1,089,601 $13,620,008 $13,620,010

P $58,731,205
n 5 Activo Fijo + Reinversión
i 8% $78,308,272 P4
Cuota $14,709,609 $58,731,204 P5
interes 11% P7
P8
P10
Total
 5 6 7 8 9 10
$1,908,521,451 $1,980,581,961 $2,055,544,529 $2,133,533,230 $2,214,677,710 $2,299,113,448

$148,048,661 $155,451,094 $163,223,649 $171,384,831 $179,954,073 $188,951,777

$233,655,629 $240,665,298 $247,885,257 $255,321,814 $262,981,469 $270,870,913
$5,528,361 $5,528,361 $5,528,361 $5,528,361 $5,528,361 $5,528,361

$1,089,601
$1,520,199,199 $1,578,937,208 $1,638,907,262 $1,701,298,224 $1,766,213,807 $1,833,762,397
$273,635,856 $284,208,697 $295,003,307 $306,233,680 $317,918,485 $330,077,231
$1,246,563,343 $1,294,728,510 $1,343,903,955 $1,395,064,543 $1,448,295,321 $1,503,685,165
$5,528,361 $5,528,361 $5,528,361 $5,528,361 $5,528,361 $5,528,361

$13,620,008
$2,184,874 $588,235 $1,439,076 $3,760,504

$1,236,286,822 $1,300,256,872 $1,348,844,081 $1,399,153,829 $1,453,823,683 $1,505,453,022

P=( i(1+i)^n/(1+i)^n-1) VAN

$8,095,432,121

a de Impuesto a la utilidad 18%

Prestamo del Banco 75%

P=F/(1+i)^n
$3,791,855
$5,186,465
$1,133,314
$2,497,812
$5,297,565
$17,907,011
 11 12
$2,386,982,029 $2,478,431,427
$15,207,983
$198,399,366 $208,319,334
$278,997,040 $287,366,952
$5,528,361 $5,528,361
$15,207,983

$1,904,057,262 $1,977,216,780
$342,730,307 $355,899,020
$1,561,326,955 $1,621,317,759
$5,528,361 $5,528,361
$15,207,983

$164,700,000
$16,500,000
$1,566,855,316 $1,823,254,104
interes año valor
0.11 4 $ 5,756,303 3791855.08
1 5 $ 8,739,496 5186465.51
7 $ 2,352,941 1133313.82
8 $ 5,756,303 2497812.39
10 $15,042,017