FLUJO DE CAJA DEL INVERSIONISTA (S

0 1 2 3
Ingreso 100,000 120,000 126,000
Venta activo
Costo Variable (30,000) (36,000) (37,800)
Costos Fijos (20,000) (20,000) (20,000)
Dep. construcción (5,000) (5,000) (5,000)
Dep. maquinaria (10,000) (10,000) (10,000)
Valor libro
Utilidad 35,000 49,000 53,200
0.17 Impuesto (5,950) (8,330) (9,044)
Utilidad neta 29,050 40,670 44,156
Dep. construcción 5,000 5,000 5,000
Dep. maquinaria 10,000 10,000 10,000
Valor libro
Terreno (80,000)
Construcción (200,000)
Maquinaria (100,000)
Capital de trabajo (25,000) (3,000) (900) (378)
Préstamo
Valor de desecho
Flujo (405,000) 41,050 54,770 58,778

VAN al 9% 122,912
TIR 13.71%
DE CAJA DEL INVERSIONISTA (Sin prestamo)
4 5 6 7 8 9 10
141,372 144,199 147,083 150,025 153,026 156,086 159,208
50,000
(38,556) (39,327) (40,411) (40,916) (41,724) (42,569) (43,420)
(20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000)
(5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (5,000)
(10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000)
(40,000)
67,816 69,872 81,672 74,109 76,302 78,517 80,788
(11,529) (11,878) (13,884) (12,599) (12,971) (13,348) (13,734)
56,287 57,994 67,788 61,510 63,331 65,169 67,054
5,000 5,000 5,000 5,000 5,000 5,000 5,000
10,000 10,000 10,000 10,000 10,000 10,000 10,000
40,000

(100,000)
(386) (393) (401) (409) (417) (426) 31,710

290,000
70,901 72,601 22,387 76,101 77,914 79,743 403,764
 FLUJO DE CAJA DEL INVERSIONISTA (con pr
0 1 2 3 4
Ingreso 100,000 120,000 126,000 141,372
Venta activo
Costo Variable (30,000) (36,000) (37,800) (38,556)
Costos Fijos (20,000) (20,000) (20,000) (20,000)
Intereses (20,520) (18,659) (16,631) (14,421)
Dep. construcción (5,000) (5,000) (5,000) (5,000)
Dep. maquinaria (10,000) (10,000) (10,000) (10,000)
Valor libro
Utilidad 14,480 30,341 36,569 53,395
-0.17 Impuesto (2,462) (5,158) (6,217) (9,077)
Utilidad neta 12,018 25,183 30,352 44,318
Dep. construcción 5,000 5,000 5,000 5,000
Dep. maquinaria 10,000 10,000 10,000 10,000
Valor libro
Terreno (80,000)
Construcción (200,000)
Maquinaria (100,000)
Capital de trabajo (25,000) (3,000) (900) (378) (386)
Préstamo 228,000
Amortización (20,674) (22,534) (24,562) (26,773)
Valor de desecho
Flujo (177,000) 3,345 16,748 20,412 32,159

VAN al 9% 135,877
TIR 17.22%
L INVERSIONISTA (con préstamo) Tabla de amortización del présta
5 6 7 8 9 10 Período Saldo Inic Interés
144,199 147,083 150,025 153,026 156,086 159,208 0
50,000 1 228,000.00 20,520
(39,327) (40,411) (40,916) (41,724) (42,569) (43,420) 2 207,326.24 18,659
(20,000) (20,000) (20,000) (20,000) (20,000) (20,000) 3 184,791.85 16,631
(12,011) (9,385) (6,522) (3,401) 4 160,229.35 14,421
(5,000) (5,000) (5,000) (5,000) (5,000) (5,000) 5 133,456.24 12,011
(10,000) (10,000) (10,000) (10,000) (10,000) (10,000) 6 104,273.54 9,385
(40,000) 7 72,464.40 6,522
57,861 72,287 67,587 72,901 78,517 80,788 8 37,792.44 3,401
(9,836) (12,289) (11,490) (12,393) (13,348) (13,734)
48,025 59,999 56,097 60,508 65,169 67,054
5,000 5,000 5,000 5,000 5,000 5,000
10,000 10,000 10,000 10,000 10,000 10,000
40,000

(100,000)
(393) (401) (409) (417) (426) 31,710

(29,183) (31,809) (34,672) (37,792)

290,000
33,449 (17,212) 36,016 37,298 79,743 403,764
amortización del préstamo 0.09
Amortz. Pago Deuda
228,000
20,674 41,194 207,326
22,534 41,194 184,792
24,562 41,194 160,229
26,773 41,194 133,456
29,183 41,194 104,274
31,809 41,194 72,464
34,672 41,194 37,792
37,792 41,194 0