CANON MENSUAL $ 700.

00

ALICUOTA MENSUAL $ 70.00

PREDIO 150
% Costo Mantenimiento 2%
 TMAR

MONTO TASA
RECURSO PROPIO $28,000.00 8%
FINANCIADO $106,000.00 5%
TOTAL $134,000.00

DEPRECIACION
VALOR INICIAL $67,000.00
PLUSVALIA 5 años $70,350.00
VALOR RESIDUAL $46,431.00
DEPRECIACION ANUA L $2,391.90

Depreciación
PODERACION
0.02
0.04 20.9% PROPIO
5.63% 79.1% FINANCIAMIENTO
 Weighted Average Cost of Capital (WACC)

PASO 2: CÁLCULO COSTO PROMEDIO PONDERADO DE CAPITAL

WACC = E/(D+E)*Ke + D/(D+E)*Kd*(1-t) 4.8%

WACC: Costo Promedio de Capital

E: Capital
D: Deuda
Ke: Costo de Capital
Kd: Costo de la deuda
t: Tasa impositiva
CÁLCULO DE VARIABLES
E: 21%
D: 79%
Ke: 8.0%
Kd: 5.0%
(1-t): 78%
134000
15000
11%
MONTO $106,000.00 CUOTA $8,505.71
TASA 5% ANUAL
PERÍODO 20 AÑOS

PERÍODO SALDO INICIAL INTERÉS AMORTIZACIÓN CUOTA

0
1 $106,000.00 $5,300.00 $3,205.71 $8,505.71
2 $102,794.29 $5,139.71 $3,366.00 $8,505.71
3 $99,428.29 $4,971.41 $3,534.30 $8,505.71
4 $95,893.99 $4,794.70 $3,711.01 $8,505.71
5 $92,182.97 $4,609.15 $3,896.57 $8,505.71
6 $88,286.41 $4,414.32 $4,091.39 $8,505.71
7 $84,195.01 $4,209.75 $4,295.96 $8,505.71
8 $79,899.05 $3,994.95 $4,510.76 $8,505.71
9 $75,388.29 $3,769.41 $4,736.30 $8,505.71
10 $70,651.99 $3,532.60 $4,973.11 $8,505.71
11 $65,678.87 $3,283.94 $5,221.77 $8,505.71
12 $60,457.10 $3,022.86 $5,482.86 $8,505.71
13 $54,974.24 $2,748.71 $5,757.00 $8,505.71
14 $49,217.24 $2,460.86 $6,044.85 $8,505.71
15 $43,172.39 $2,158.62 $6,347.09 $8,505.71
16 $36,825.29 $1,841.26 $6,664.45 $8,505.71
17 $30,160.84 $1,508.04 $6,997.67 $8,505.71
18 $23,163.17 $1,158.16 $7,347.56 $8,505.71
19 $15,815.61 $790.78 $7,714.93 $8,505.71
20 $8,100.68 $405.03 $8,100.68 $8,505.71
SALDO FINAL
$106,000.00
$102,794.29
$99,428.29
$95,893.99
$92,182.97
$88,286.41
$84,195.01
$79,899.05
$75,388.29
$70,651.99
$65,678.87
$60,457.10
$54,974.24
$49,217.24
$43,172.39
$36,825.29
$30,160.84
$23,163.17
$15,815.61
$8,100.68
$0.00
 EVALUACION PROYECTO DEPARTAMENTOS

INGRESOS Año 1 $8,400.00

Tasa de crecimiento ventas 2%
COSTO VARIABLE (Mantenimiento % de las
Ventas) 2%
Gastos fijos (Alicuota mensual y predio) $990.00
Tasa de crecimiento gastos 0.5%
Depreciación $0.00
Intereses $5,300.00
Impuestos 22%

AÑO 0
+ INGRESOS
- COSTO VARIABLE (Mantenimiento)
= MARGEN BRUTO
- GASTOS FIJOS (ALICUOTA /PREDIO)
- DEPRECIACION
EBIT
- Intereses
Utiidad antes de Imp
- Impuestos
= Utilidad Neta
+ Depreciación
FC
VR
Amortización
Inversión -$134,000.00
Préstamo $106,000.00
FCL -$28,000.00

COSTO D 8.00%
VAN -$32,114.48
S

Observación: Sus ingresos no cubren sus gastos del préstamo.

AÑO1 AÑO2 AÑO3 AÑO4 AÑO5 AÑO6 AÑO7

$8,400.00 $8,568.00 $8,739.36 $8,914.15 $9,092.43 $9,274.28 $9,459.76
$168.00 $171.36 $174.79 $178.28 $181.85 $185.49 $189.20
$8,232.00 $8,396.64 $8,564.57 $8,735.86 $8,910.58 $9,088.79 $9,270.57
$990.00 $994.95 $999.92 $1,004.92 $1,009.95 $1,015.00 $1,020.07

$7,242.00 $7,401.69 $7,564.65 $7,730.94 $7,900.63 $8,073.79 $8,250.50

$5,300.00 $5,139.71 $4,971.41 $4,794.70 $4,609.15 $4,414.32 $4,209.75
$1,942.00 $2,261.98 $2,593.23 $2,936.24 $3,291.48 $3,659.47 $4,040.74

$1,942.00 $2,261.98 $2,593.23 $2,936.24 $3,291.48 $3,659.47 $4,040.74

$1,942.00 $2,261.98 $2,593.23 $2,936.24 $3,291.48 $3,659.47 $4,040.74

$3,205.71 $3,366.00 $3,534.30 $3,711.01 $3,896.57 $4,091.39 $4,295.96

-$1,263.71 -$1,104.02 -$941.07 -$774.77 -$605.08 -$431.92 -$255.22

 AÑO8 AÑO9 AÑO10 AÑO11 AÑO12 AÑO13
$9,648.96 $9,841.94 $10,038.78 $10,239.55 $10,444.34 $10,653.23
$192.98 $196.84 $200.78 $204.79 $208.89 $213.06
$9,455.98 $9,645.10 $9,838.00 $10,034.76 $10,235.46 $10,440.17
$1,025.17 $1,030.30 $1,035.45 $1,040.63 $1,045.83 $1,051.06

$8,430.81 $8,614.80 $8,802.55 $8,994.13 $9,189.63 $9,389.11

$3,994.95 $3,769.41 $3,532.60 $3,283.94 $3,022.86 $2,748.71
$4,435.85 $4,845.39 $5,269.95 $5,710.19 $6,166.77 $6,640.39

$4,435.85 $4,845.39 $5,269.95 $5,710.19 $6,166.77 $6,640.39

$4,435.85 $4,845.39 $5,269.95 $5,710.19 $6,166.77 $6,640.39

$4,510.76 $4,736.30 $4,973.11 5221.770704 5482.859239 5757.002201

-$74.91 $109.09 $296.84 $488.42 $683.91 $883.39

 AÑO14 AÑO15 AÑO16 AÑO17 AÑO18 AÑO19 AÑO20
$10,866.30 $11,083.62 $11,083.62 $11,083.62 $11,083.62 $11,083.62 $11,083.62
$217.33 $221.67 $221.67 $221.67 $221.67 $221.67 $221.67
$10,648.97 $10,861.95 $10,861.95 $10,861.95 $10,861.95 $10,861.95 $10,861.95
$1,056.32 $1,061.60 $1,061.60 $1,061.60 $1,061.60 $1,061.60 $1,061.60

$9,592.65 $9,800.35 $9,800.35 $9,800.35 $9,800.35 $9,800.35 $9,800.35

$2,460.86 $2,158.62 $1,841.26 $1,508.04 $1,158.16 $790.78 $405.03
$7,131.79 $7,641.73 $7,959.09 $8,292.31 $8,642.19 $9,009.57 $9,395.32

$7,131.79 $7,641.73 $7,959.09 $8,292.31 $8,642.19 $9,009.57 $9,395.32

$7,131.79 $7,641.73 $7,959.09 $8,292.31 $8,642.19 $9,009.57

$9,395.32
$92,862.00
6044.852311 6347.094927 6664.449673 6997.672157 7347.555765 7714.933553 8100.680231

$1,086.94 $1,294.64 $1,294.64 $1,294.64 $1,294.64 $1,294.64 $94,156.64