Universidad Norbet W

ASIGNATURA: FINANZAS CORPORATIVAS

Docente: Mg. Enrique David Pacheco Me
ESTUDIANTES: Moreno Carhuavilca Yoshi
QUISPES QUISPE LIVIA ; CORDOVA CASTR
.
rbet Wiener

PORATIVAS
Pacheco Mesías
avilca Yoshilin;
DOVA CASTRO BRUNO
 Valor del bien 450,000.00
Tasa de impto 30%
Tasa de rendimiento 12%
Costo oportunidad 14%

Periodo Alquiler Ahorro Impto Flujo Neto Factor Valor Actual

0 71,109.71 -71,109.71 1.0000 -71,109.71
1 71,109.71 21,332.91 -49,776.80 0.8772 -43,663.86
2 71,109.71 21,332.91 -49,776.80 0.7695 -38,301.63
3 71,109.71 21,332.91 -49,776.80 0.6750 -33,597.92
4 71,109.71 21,332.91 -49,776.80 0.5921 -29,471.86
5 71,109.71 21,332.91 -49,776.80 0.5194 -25,852.51
6 71,109.71 21,332.91 -49,776.80 0.4556 -22,677.64
7 71,109.71 21,332.91 -49,776.80 0.3996 -19,892.67
8 71,109.71 21,332.91 -49,776.80 0.3506 -17,449.71
9 71,109.71 21,332.91 -49,776.80 0.3075 -15,306.76
10 0.00 21,332.91 21,332.91 0.2697 5,754.42
-311,569.83
 0.8929
0.7972
0.7118
0.6355
0.5674
0.5066
0.4523
0.4039
0.3606
5.3282
6.3282

Cuota de alquiler 71,109.71

 450,000 0.1 2.59374246
2.59374246 1

Cuota 73,235.43

1 3 2 4 5

Periodo Saldo Amortiz Interes Cuota Deprec Ahorro Impto

0 450,000.00 0.00 0.00 0.00
1 421,764.57 28,235.43 45,000.00 73,235.43 45,000.00 45,000.00
2 390,705.60 31,058.97 42,176.46 73,235.43 45,000.00 43,588.23
3 356,540.73 34,164.87 39,070.56 73,235.43 45,000.00 42,035.28
4 318,959.38 37,581.35 35,654.07 73,235.43 45,000.00 40,327.04
5 277,619.89 41,339.49 31,895.94 73,235.43 45,000.00 38,447.97
6 232,146.45 45,473.44 27,761.99 73,235.43 45,000.00 36,380.99
7 182,125.67 50,020.78 23,214.65 73,235.43 45,000.00 34,107.32
8 127,102.81 55,022.86 18,212.57 73,235.43 45,000.00 31,606.28
9 66,577.66 60,525.15 12,710.28 73,235.43 45,000.00 28,855.14
10 0.00 66,577.66 6,657.77 73,235.43 45,000.00 25,828.88
 6 7 8

Flujo Neto Factor Valor Actual

28,235.43 0.8772 24,767.92

29,647.20 0.7695 22,812.56
31,200.15 0.6750 21,059.21
32,908.39 0.5921 19,484.41
34,787.46 0.5194 18,067.52
36,854.43 0.4556 16,790.38
39,128.11 0.3996 15,637.05
41,629.14 0.3506 14,593.47
44,380.29 0.3075 13,647.29
47,406.54 0.2697 12,787.62
179,647.43
 Rendimiento
Rendimiento
del Activo
Situación Probabilidad del Mercado Situación Probabilidad
Financiero
(RM)
(Ri)

Pesimista 14% -2% 4% Pesimista 14%

Factible 55% 13% 15% Factible 55%
Optimista 31% 20% 25% Optimista 31%
Promedio Ponderado 13.07% 16.56%

Situación Probabilidad

Pesimista 14%
Factible 55%
Optimista 31%

Beta (Ba) 0.95728

Datos:
TLr 5%
Entonces:
E (Ri) 12.73%
RM - RPPM Ri - RPPi Ponderado

-15.07% -12.56% 0.265%

-0.07% -1.56% 0.001%
6.93% 8.44% 0.181%
Covarianza 0.447%

(RM - Prob * [ (RM -

RM - RPPM
RPPM)^2 RPPM)^2 ]
-15.07% 0.022710 0.003179
-0.07% 0.000000 0.000000
6.93% 0.004802 0.001489
Varianza 0.004669