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Usted desea fundar una empresa productora de alimentos a base de mango, esperando proveer al mercado de USA.

Para
- Destinara sus ahorro de 90 millones dolares para la compra de propiedad, planta, equipo e inventarios
-Para cubrir las necesidades en capital de trabajo el Banco "A" le prestara 40 millones, a una tasa de 1.5 % mensual, seguro
150 mil mensual y cuotas iguales
-El Banco "B" le financiará 20 millones, tasa del 2% mensual, seguro mensual por 30 mil y cuotas variables

Si usted paga impuesto de renta del 32%, en su pais de origen, lugar donde implementara la fabrica y toda la financiacion
sera amortizada a 5 años ¿ Cual es el costo de capital del proyecto o WACC?
WACC( Weighted Average Cost of Capital) o CMPC (Costo Medio Ponderado de Capital)
CAPM( Capital Asset Pricing Model) o Retorno Esperado de la inversion(modelo de valoración de activos de capital)
CAPM es Modelo de Valoracion de Activos de Capital, o Costo del Capital

Beta apalancada y no apalancada de USA, buscada en:


http://pages.stern.nyu.edu/~adamodar/

Unlevered Beta o Beta desapalancada;


0.68

Rendimiento de los bonos de tesoro de USA a 5 años:


https://finance.yahoo.com/quote/%5EFVX/history?p=%5EFVX/

Datos de Mercado, S&P 500:


S&P = Standard & Poor's
https://finance.yahoo.com/quote/%5EGSPC/history?period1=1456099200&period2=1613952000&interval=1mo&filter=hi

Union de ambos indicadores: TES 5Y y S&P500

Indicador Dolares
FECHA TES 5Y S&P 500 TES 5Y S&P 500
3/1/2016 1.224 2059.73999 El promedio de TES 5Y es nominal anual de capit
4/1/2016 1.279 2065.300049 1.279% 0.270% a efectiva mensual
5/1/2016 1.359 2096.949951 1.359% 1.532% Promedio
6/1/2016 1.011 2098.860107 1.011% 0.091% TES 5Y 0.823% efectiva semest
7/1/2016 1.033 2173.600098 1.033% 3.561% S&P 500 1.197% Efectiva mensual
8/1/2016 1.18 2170.949951 1.180% -0.122%
9/1/2016 1.156 2168.27002 1.156% -0.123%
10/1/2016 1.313 2126.149902 1.313% -1.943% 2 PASO:
11/1/2016 1.834 2198.810059 1.834% 3.417% Apalancar el Beta, necesitamos saber el capital d
12/1/2016 1.934 2238.830078 1.934% 1.820%
1/1/2017 1.908 2278.870117 1.908% 1.788% Capital o Equity:
2/1/2017 1.88 2363.639893 1.880% 3.720% Deuda o Debt
3/1/2017 1.929 2362.719971 1.929% -0.039% Tc o Impuesto de Renta
4/1/2017 1.816 2384.199951 1.816% 0.909%
5/1/2017 1.748 2411.800049 1.748% 1.158% Beta L o Apalancada
6/1/2017 1.885 2423.409912 1.885% 0.481% 0.988267
7/1/2017 1.832 2470.300049 1.832% 1.935%
8/1/2017 1.707 2471.649902 1.707% 0.055% CAPM: 2.36% MENSUAL
9/1/2017 1.928 2519.360107 1.928% 1.930% CAPM: 32.27% ANUAL
10/1/2017 2.01 2575.26001 2.010% 2.219%
11/1/2017 2.144 2647.580078 2.144% 2.808% Para un negocio poco conocido aumentar 3 % ap
12/1/2017 2.206 2673.610107 2.206% 0.983%
1/1/2018 2.524 2823.810059 2.524% 5.618%
2/1/2018 2.65 2713.830078 2.650% -3.895%
3/1/2018 2.562 2640.870117 2.562% -2.688%
4/1/2018 2.789 2648.050049 2.789% 0.272%
5/1/2018 2.664 2705.27002 2.664% 2.161%
6/1/2018 2.731 2718.370117 2.731% 0.484%
7/1/2018 2.848 2816.290039 2.848% 3.602%
8/1/2018 2.735 2901.52002 2.735% 3.026%
9/1/2018 2.948 2913.97998 2.948% 0.429%
10/1/2018 2.987 2711.73999 2.987% -6.940%
11/1/2018 2.845 2760.169922 2.845% 1.786%
12/1/2018 2.51 2506.850098 2.510% -9.178%
1/1/2019 2.44 2704.100098 2.440% 7.868%
2/1/2019 2.509 2784.48999 2.509% 2.973%
3/1/2019 2.243 2834.399902 2.243% 1.792%
4/1/2019 2.282 2945.830078 2.282% 3.931%
5/1/2019 1.927 2752.060059 1.927% -6.578%
6/1/2019 1.758 2941.76001 1.758% 6.893%
7/1/2019 1.844 2980.379883 1.844% 1.313%
8/1/2019 1.391 2926.459961 1.391% -1.809%
9/1/2019 1.551 2976.73999 1.551% 1.718%
10/1/2019 1.523 3037.560059 1.523% 2.043%
11/1/2019 1.621 3140.97998 1.621% 3.405%
12/1/2019 1.693 3230.780029 1.693% 2.859%
1/1/2020 1.326 3225.52002 1.326% -0.163%
2/1/2020 0.913 2954.219971 0.913% -8.411%
3/1/2020 0.375 2584.590088 0.375% -12.512%
4/1/2020 0.345 2912.429932 0.345% 12.684%
5/1/2020 0.304 3044.310059 0.304% 4.528%
6/1/2020 0.289 3100.290039 0.289% 1.839%
7/1/2020 0.215 3271.120117 0.215% 5.510%
8/1/2020 0.264 3500.310059 0.264% 7.006%
9/1/2020 0.272 3363 0.272% -3.923%
10/1/2020 0.381 3269.959961 0.381% -2.767%
11/1/2020 0.362 3621.629883 0.362% 10.755%
12/1/2020 0.361 3756.070068 0.361% 3.712%
1/1/2021 0.443 3714.23999 0.443% -1.114%
2/1/2021 0.581 3934.830078 0.581% 5.939%
al mercado de USA. Para ello:

a de 1.5 % mensual, seguro por

rica y toda la financiacion

de activos de capital)

00&interval=1mo&filter=history&frequency=1mo&includeAdjustedClose=true/

es nominal anual de capitalizacion semestral, vamos a convertirlo a efectiva semestral, y de ahí

efectiva semest 1.0013668 Tasa libre de riesgo


Efectiva mensual Rendimiento del Mercado

esitamos saber el capital del proyecto.

90 millones dolares
60 millones dolares de los bancos "A" y "B"
32%
conocido aumentar 3 % aprox
Date updated: 5-Jan-21
Created by: Aswath Damodaran, adamodar@stern.nyu.edu
What is this data? Beta, Unlevered beta and other risk measures US companies
Home Page: http://www.damodaran.com
Data website: http://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html
Companies in each indushttp://www.stern.nyu.edu/~adamodar/pc/datasets/indname.xls
Variable definitions: http://www.stern.nyu.edu/~adamodar/New_Home_Page/datafile/variable.htm
Do you want to use marginal or effective tax rates in unlevering betas? Marginal
If marginal tax rate, enter the marginal tax rate to use 27.00%

Number of Effective Unlevered Cash/Firm


Industry Name firms Beta D/E Ratio Tax rate beta value
Advertising 61 1.08 77.50% 3.35% 0.69 11.23%
Aerospace/Defense 72 1.07 33.05% 7.37% 0.86 5.93%
Air Transport 17 1.61 161.36% 6.00% 0.74 19.71%
Apparel 51 1.10 39.39% 4.75% 0.85 9.39%
Auto & Truck 19 1.28 38.67% 7.86% 1.00 4.72%
Auto Parts 52 1.20 24.37% 7.35% 1.02 6.59%
Bank (Money Center) 7 0.83 216.19% 16.16% 0.32 46.36%
Banks (Regional) 598 0.64 61.25% 16.42% 0.45 25.74%
Beverage (Alcoholic) 23 0.78 23.41% 5.33% 0.66 1.68%
Beverage (Soft) 41 0.79 21.60% 3.32% 0.68 3.39%
Broadcasting 29 1.13 121.72% 9.26% 0.60 8.50%
Brokerage & Investment 39 1.13 218.88% 9.75% 0.44 24.48%
Building Materials 42 1.09 26.29% 15.15% 0.91 5.89%
Business & Consumer Ser 169 0.93 24.72% 7.43% 0.79 5.41%
Cable TV 13 0.94 51.96% 18.97% 0.68 2.41%
Chemical (Basic) 48 0.99 55.12% 2.98% 0.71 7.00%
Chemical (Diversified) 5 1.36 58.10% 1.25% 0.96 7.64%
Chemical (Specialty) 97 0.93 25.35% 6.43% 0.78 4.44%
Coal & Related Energy 29 0.83 94.63% 0.00% 0.49 12.92%
Computer Services 116 1.12 39.75% 5.55% 0.87 7.89%
Computers/Peripherals 52 1.18 9.36% 3.71% 1.11 2.72%
Construction Supplies 46 1.02 34.78% 10.79% 0.81 6.64%
Diversified 29 1.02 29.74% 6.52% 0.84 5.70%
Drugs (Biotechnology) 547 0.89 15.50% 0.52% 0.80 6.50%
Drugs (Pharmaceutical) 287 0.91 18.18% 1.88% 0.80 4.24%
Education 38 1.15 24.33% 4.02% 0.97 8.97%
Electrical Equipment 122 1.06 15.35% 4.44% 0.95 4.90%
Electronics (Consumer & 22 0.96 9.50% 1.05% 0.89 11.62%
Electronics (General) 157 0.89 13.48% 6.11% 0.81 6.09%
Engineering/Constructio 61 1.06 28.24% 9.31% 0.88 8.35%
Entertainment 118 0.88 15.20% 0.53% 0.79 5.26%
Environmental & Waste S 86 0.95 25.20% 2.69% 0.81 1.92%
Farming/Agriculture 32 0.87 45.05% 6.45% 0.66 4.07%
Financial Svcs. (Non-bank 235 0.80 895.89% 12.91% 0.11 3.11%
Food Processing 101 0.64 33.01% 8.56% 0.68 3.64%
Food Wholesalers 18 1.03 56.02% 0.52% 0.73 8.97%
Furn/Home Furnishings 40 0.88 34.06% 4.79% 0.71 9.25%
Green & Renewable Ener 25 0.98 64.06% 1.74% 0.67 1.44%
Healthcare Products 265 0.83 10.69% 2.57% 0.77 3.45%
Healthcare Support Servi 129 0.85 31.70% 5.65% 0.69 6.49%
Heathcare Information a 139 0.79 12.10% 4.16% 0.73 3.56%
Homebuilding 30 1.46 32.73% 15.91% 1.18 11.39%
Hospitals/Healthcare Facil 32 1.28 99.40% 8.16% 0.74 7.94%
Hotel/Gaming 66 1.56 57.24% 2.02% 1.10 7.25%
Household Products 140 0.73 14.85% 5.06% 0.66 3.68%
Information Services 77 1.01 9.37% 9.75% 0.95 3.01%
Insurance (General) 21 0.68 40.81% 12.61% 0.53 5.92%
Insurance (Life) 26 0.98 119.95% 15.12% 0.52 19.22%
Insurance (Prop/Cas.) 55 0.64 25.06% 10.86% 0.54 5.96%
Investments & Asset Ma 348 0.93 45.22% 4.64% 0.70 11.00%
Machinery 125 1.05 19.65% 8.81% 0.92 4.30%
Metals & Mining 86 0.90 23.86% 1.70% 0.77 6.04%
Office Equipment & Servi 22 1.00 47.82% 13.20% 0.74 11.13%
Oil/Gas (Integrated) 3 1.26 44.09% 8.54% 0.95 3.46%
Oil/Gas (Production and E 278 1.18 72.08% 0.68% 0.78 4.36%
Oil/Gas Distribution 57 1.16 129.69% 4.55% 0.59 1.37%
Oilfield Svcs/Equip. 135 1.21 77.44% 1.19% 0.77 7.61%
Packaging & Container 26 0.92 55.11% 15.67% 0.66 3.68%
Paper/Forest Products 15 1.14 37.52% 5.94% 0.89 6.81%
Power 55 0.67 78.08% 9.91% 0.42 1.47%
Precious Metals 93 0.76 12.69% 1.08% 0.69 7.93%
Publishing & Newspapers 29 1.41 54.00% 5.76% 1.01 8.67%
R.E.I.T. 238 1.21 76.73% 1.26% 0.77 2.69%
Real Estate (Developmen 25 0.85 94.70% 2.84% 0.50 11.06%
Real Estate (General/Dive 11 0.78 29.22% 7.34% 0.64 15.20%
Real Estate (Operations & 61 0.92 40.79% 4.38% 0.71 6.12%
Recreation 69 0.87 24.50% 5.78% 0.74 5.05%
Reinsurance 2 1.16 38.52% 12.57% 0.91 19.61%
Restaurant/Dining 79 1.34 33.70% 3.19% 1.08 2.85%
Retail (Automotive) 30 1.30 49.71% 11.65% 0.95 3.77%
Retail (Building Supply) 15 1.54 18.08% 13.48% 1.36 5.00%
Retail (Distributors) 85 0.97 45.74% 12.21% 0.73 3.52%
Retail (General) 17 0.90 21.34% 12.48% 0.78 4.66%
Retail (Grocery and Food 14 0.24 94.34% 13.52% 0.14 5.82%
Retail (Online) 75 1.16 7.15% 2.93% 1.11 2.75%
Retail (Special Lines) 85 1.28 48.26% 8.06% 0.95 8.57%
Rubber& Tires 3 1.09 174.90% 5.30% 0.48 12.32%
Semiconductor 70 1.00 9.71% 6.41% 0.94 2.71%
Semiconductor Equip 40 1.07 8.03% 7.38% 1.01 5.40%
Shipbuilding & Marine 11 1.04 62.15% 2.30% 0.71 4.31%
Shoe 11 0.98 6.87% 6.63% 0.94 4.30%
Software (Entertainment 101 0.96 2.62% 0.58% 0.94 1.96%
Software (Internet) 36 0.77 8.83% 3.30% 0.73 3.03%
Software (System & Appli 388 0.91 6.55% 2.77% 0.87 2.68%
Steel 32 0.95 50.24% 6.01% 0.70 11.19%
Telecom (Wireless) 16 0.53 54.57% 3.57% 0.38 3.34%
Telecom. Equipment 96 0.87 14.80% 3.85% 0.78 5.72%
Telecom. Services 58 0.66 83.14% 3.93% 0.41 2.77%
Tobacco 15 0.72 30.31% 8.69% 0.59 3.54%
Transportation 21 0.91 31.69% 10.56% 0.74 6.36%
Transportation (Railroads 6 0.84 22.54% 15.58% 0.73 2.12%
Trucking 35 1.11 33.76% 9.70% 0.89 5.71%
Utility (General) 16 0.74 74.69% 9.74% 0.48 1.41%
Utility (Water) 17 0.73 40.46% 10.79% 0.57 1.10%
Total Market 7582 0.94 48.33% 5.76% 0.70 6.97%
Total Market (without fin 6253 0.98 25.10% 4.39% 0.83 4.06%
YouTube Video explaining estimation
Notes choices and process.
if you are looking for a pure-play
beta, i.e., a beta for a business, the
unlevered beta corrected for cash is
your best bet. Since even sector
betas can move over time, I have
also reported the average of the
this sector beta across time in the
last column. This number, for

Unlevered beta corrected for cash - Over time


Standard
deviation
in
Unlevered operating
beta Standard income
corrected deviation (last 10
for cash HiLo Risk of equity years) 2016 2017 2018 2019
0.77 0.7654 57.74% 14.31% 0.74 0.91 0.78 0.87
0.91 0.5940 34.89% 16.42% 1.20 0.94 0.99 1.09
0.91 0.6543 46.15% 48.05% 0.85 0.76 0.67 0.63
0.94 0.6549 47.84% 10.37% 0.88 0.71 0.85 0.76
1.05 0.7160 45.24% 28.30% 0.47 0.38 0.59 0.34
1.09 0.6981 43.16% 29.29% 1.08 0.94 0.92 0.97
0.59 0.3411 21.59% NA 0.47 0.41 0.32 0.43
0.60 0.3305 19.48% NA 0.36 0.36 0.39 0.40
0.67 0.6156 37.01% 43.00% 0.82 0.71 1.12 1.05
0.71 0.7605 49.70% 7.16% 0.99 0.78 0.63 1.04
0.65 0.6275 45.56% 31.02% 0.75 0.70 0.65 0.51
0.57 0.6202 35.90% 50.94% 0.46 0.42 0.54 0.46
0.97 0.5248 33.99% 65.44% 0.98 0.87 0.99 0.91
0.83 0.6474 45.65% 18.32% 0.95 0.85 1.01 1.00
0.70 0.4219 32.02% 31.06% 0.89 0.82 0.67 0.76
0.76 0.6892 48.06% 33.69% 0.81 0.68 0.96 1.12
1.03 0.5312 36.16% 29.88% 1.27 1.22 1.79 1.49
0.82 0.6130 38.54% 12.48% 1.01 0.98 0.95 0.99
0.56 0.7276 42.27% 166.17% 0.39 0.61 1.04 0.97
0.94 0.6799 45.89% 11.40% 1.00 0.83 0.94 1.05
1.14 0.6474 42.87% 16.74% 1.22 0.94 0.93 1.50
0.87 0.5214 33.39% 25.62% 1.18 1.02 0.95 1.15
0.89 0.6070 29.94% 43.94% 0.74 0.63 1.01 1.14
0.85 0.6269 50.10% 37.69% 1.19 1.25 1.36 1.43
0.84 0.6896 55.45% 7.70% 0.94 0.93 1.13 1.38
1.07 0.6972 55.73% 37.21% 0.86 1.05 0.96 1.11
1.00 0.7199 55.12% 14.73% 1.03 1.04 1.02 1.18
1.01 0.6915 54.91% 324.99% 1.16 0.97 1.08 1.22
0.86 0.6441 43.87% 19.57% 0.98 0.83 0.91 0.96
0.95 0.6438 42.04% 12.45% 1.07 1.01 1.13 0.81
0.84 0.7648 68.06% 27.21% 0.98 0.97 0.96 1.21
0.82 0.7096 50.43% 12.03% 0.82 0.63 0.70 0.96
0.68 0.6185 45.30% 17.71% 0.77 0.62 0.56 0.50
0.11 0.4639 27.74% 39.43% 0.06 0.07 0.07 0.08
0.53 0.5418 32.56% 19.79% 0.74 0.63 0.56 0.61
0.80 0.6916 58.03% 21.83% 0.61 0.93 1.41 1.23
0.78 0.6664 40.52% 24.32% 1.00 0.69 0.67 0.67
0.68 0.7946 56.04% 96.52% 0.84 0.47 0.72 0.80
0.80 0.6221 46.19% 17.83% 0.92 0.92 0.89 1.04
0.74 0.6310 44.49% 23.65% 0.89 0.82 0.82 1.03
0.75 0.6296 42.45% 33.87% 0.99 0.83 0.88 1.18
1.33 0.5903 36.56% 71.78% 0.81 0.77 0.89 0.72
0.80 0.6525 49.21% 19.15% 0.44 0.45 0.51 0.55
1.19 0.6532 43.69% 28.72% 0.68 0.67 0.74 0.71
0.68 0.7334 54.66% 4.06% 0.91 0.69 0.88 1.00
0.97 0.5868 42.37% 33.30% 0.92 0.87 0.82 1.05
0.56 0.4707 30.12% 33.64% 0.82 0.71 0.63 0.67
0.64 0.4603 30.68% 13.19% 0.91 0.80 0.81 0.70
0.58 0.3843 22.93% 28.87% 0.75 0.70 0.73 0.65
0.78 0.3589 28.85% 13.93% 0.81 0.68 0.87 0.87
0.96 0.5858 34.28% 19.96% 1.23 0.93 1.04 1.01
0.82 0.7868 67.84% 43.63% 0.87 0.89 0.96 1.11
0.83 0.5707 31.11% 10.27% 1.29 1.09 1.10 1.33
0.98 0.5036 26.39% 73.81% 1.38 0.95 1.25 1.06
0.81 0.7659 56.28% 154.38% 0.95 0.99 1.00 1.07
0.60 0.6544 40.78% 42.75% 0.65 0.69 0.72 0.62
0.83 0.7390 50.27% 40.23% 1.41 1.11 1.06 1.07
0.68 0.4567 29.22% 14.05% 0.91 0.60 0.55 0.74
0.96 0.6176 35.67% 23.13% 0.89 0.83 0.98 1.17
0.43 0.3667 19.86% 8.37% 0.50 0.33 0.32 0.35
0.75 0.7766 67.76% 75.51% 1.03 1.10 0.95 1.15
1.10 0.5486 37.47% 9.42% 1.07 0.96 0.83 0.90
0.79 0.4901 32.40% 28.84% 0.41 0.41 0.42 0.41
0.56 0.6852 60.70% 103.87% 0.93 0.47 0.61 0.87
0.76 0.5515 20.99% 144.66% 1.03 1.09 0.73 1.33
0.75 0.6408 34.72% 31.94% 0.99 0.62 0.80 0.95
0.77 0.7368 56.40% 13.69% 0.75 0.76 0.73 0.81
1.13 0.4135 25.23% 30.07% 0.89 0.65 0.47 0.88
1.11 0.6957 53.63% 9.97% 0.64 0.61 0.70 0.65
0.99 0.6174 42.82% 20.95% 0.76 0.63 0.65 0.76
1.43 0.7107 40.60% 25.54% 1.31 1.12 0.76 0.97
0.75 0.6391 41.97% 27.75% 0.83 0.77 0.87 0.99
0.81 0.5433 38.91% 5.11% 0.92 0.82 0.87 0.75
0.15 0.4890 37.72% 24.45% 0.77 0.46 0.44 0.28
1.14 0.7481 52.87% 53.23% 1.53 1.17 1.12 1.34
1.03 0.6683 49.01% 10.73% 0.81 0.76 0.82 0.80
0.54 0.6340 43.83% 28.86% 1.18 0.89 0.64 0.24
0.96 0.5537 37.26% 31.50% 1.32 1.11 1.16 1.26
1.07 0.5698 35.91% 50.04% 1.22 1.10 0.99 1.39
0.74 0.5540 29.83% 34.03% 0.84 0.85 1.01 0.78
0.98 0.5757 31.50% 21.45% 0.81 0.83 0.86 0.74
0.96 0.7489 62.61% 58.98% 1.46 0.96 0.91 1.27
0.75 0.6398 32.73% 40.41% 1.33 1.12 1.20 1.31
0.89 0.6702 47.97% 17.34% 1.25 0.99 1.02 1.16
0.78 0.5662 39.32% 46.61% 0.86 1.19 1.53 1.29
0.39 0.6234 39.78% 57.80% 0.65 0.58 0.71 0.71
0.83 0.6389 43.11% 17.00% 1.17 0.86 0.96 1.02
0.42 0.6187 43.53% 27.98% 0.57 0.68 0.72 0.74
0.61 0.6541 24.49% 6.19% 1.66 1.13 1.15 1.13
0.79 0.5864 28.68% 22.43% 1.19 0.83 0.80 0.90
0.74 0.5022 16.83% 15.14% 0.93 0.66 0.87 2.08
0.94 0.6120 38.78% 126.49% 1.03 0.76 0.81 0.71
0.48 0.2816 18.44% 8.77% 0.36 0.25 0.20 0.17
0.57 0.4501 35.96% 14.78% 0.33 0.47 0.27 0.32
0.75 0.6017 41.21% 13.11% 0.73 0.65 0.72 0.80
0.86 0.6495 44.77% 13.19% 0.9 0.85 0.90 1.00
d for cash - Over time

Average
2020 (2016-21)
0.93 0.83
1.08 1.03
0.84 0.78
0.83 0.83
0.53 0.56
0.95 0.99
0.56 0.46
0.43 0.42
0.92 0.88
1.09 0.87
0.73 0.67
0.57 0.50
1.02 0.96
0.89 0.92
0.78 0.77
0.99 0.89
1.21 1.34
0.96 0.95
1.05 0.77
0.95 0.95
1.64 1.23
1.10 1.05
1.25 0.94
1.39 1.24
1.29 1.08
1.36 1.07
1.31 1.10
1.25 1.12
1.07 0.93
1.33 1.05
1.20 1.03
1.05 0.83
0.63 0.63
0.10 0.08
0.70 0.63
0.66 0.94
0.82 0.77
0.59 0.68
0.98 0.92
0.95 0.87
1.15 0.96
0.66 0.86
0.63 0.56
0.91 0.82
0.94 0.85
1.03 0.94
0.59 0.66
0.73 0.77
0.59 0.67
0.86 0.81
1.10 1.04
1.09 0.96
1.24 1.15
1.12 1.12
1.08 0.98
0.62 0.65
1.22 1.12
0.68 0.69
1.25 1.01
0.38 0.38
1.33 1.05
0.76 0.94
0.43 0.48
0.89 0.72
1.50 1.07
0.68 0.80
0.75 0.76
0.77 0.80
0.75 0.74
0.87 0.77
1.15 1.12
0.89 0.85
0.95 0.86
0.35 0.41
1.16 1.24
0.69 0.82
0.45 0.66
1.24 1.17
1.25 1.17
1.57 0.97
0.83 0.84
1.29 1.14
1.50 1.20
1.15 1.08
1.29 1.16
0.60 0.61
0.84 0.95
0.67 0.63
1.43 1.18
0.96 0.91
1.89 1.19
1.04 0.88
0.19 0.28
0.57 0.42
0.83 0.75
1.01 0.92
https://finance.yahoo.com/quote/%5EFVX/history?p=%5EFVX/

Date,Open,High,Low,Close,Adj Close,Volume Date Open


2016-03-01,1.224000,1.534000,1.204000,1.224000,1.224000,0 3/1/2016 1.224
2016-04-01,1.213000,1.405000,1.137000,1.279000,1.279000,0 4/1/2016 1.213
2016-05-01,1.275000,1.422000,1.155000,1.359000,1.359000,0 5/1/2016 1.275
2016-06-01,1.357000,1.390000,0.985000,1.011000,1.011000,0 6/1/2016 1.357
2016-07-01,0.972000,1.169000,0.911000,1.033000,1.033000,0 7/1/2016 0.972
2016-08-01,1.056000,1.241000,1.017000,1.180000,1.180000,0 8/1/2016 1.056
2016-09-01,1.204000,1.270000,1.092000,1.156000,1.156000,0 9/1/2016 1.204
2016-10-01,1.159000,1.368000,1.157000,1.313000,1.313000,0 10/1/2016 1.159
2016-11-01,1.323000,1.882000,1.229000,1.834000,1.834000,0 11/1/2016 1.323
2016-12-01,1.872000,2.119000,1.796000,1.934000,1.934000,0 12/1/2016 1.872
2017-01-01,1.990000,2.017000,1.804000,1.908000,1.908000,0 1/1/2017 1.99
2017-02-01,1.949000,2.020000,1.794000,1.880000,1.880000,0 2/1/2017 1.949
2017-03-01,1.982000,2.138000,1.885000,1.929000,1.929000,0 3/1/2017 1.982
2017-04-01,1.906000,1.926000,1.706000,1.816000,1.816000,0 4/1/2017 1.906
2017-05-01,1.826000,1.951000,1.724000,1.748000,1.748000,0 5/1/2017 1.826
2017-06-01,1.778000,1.885000,1.673000,1.885000,1.885000,0 6/1/2017 1.778
2017-07-01,1.894000,1.968000,1.795000,1.832000,1.832000,0 7/1/2017 1.894
2017-08-01,1.847000,1.857000,1.672000,1.707000,1.707000,0 8/1/2017 1.847
2017-09-01,1.709000,1.939000,1.618000,1.928000,1.928000,0 9/1/2017 1.709
2017-10-01,1.939000,2.089000,1.898000,2.010000,2.010000,0 10/1/2017 1.939
2017-11-01,2.033000,2.156000,1.975000,2.144000,2.144000,0 11/1/2017 2.033
2017-12-01,2.124000,2.261000,2.068000,2.206000,2.206000,0 12/1/2017 2.124
2018-01-01,2.228000,2.551000,2.223000,2.524000,2.524000,0 1/1/2018 2.228
2018-02-01,2.544000,2.682000,2.461000,2.650000,2.650000,0 2/1/2018 2.544
2018-03-01,2.612000,2.734000,2.550000,2.562000,2.562000,0 3/1/2018 2.612
2018-04-01,2.587000,2.852000,2.535000,2.789000,2.789000,0 4/1/2018 2.587
2018-05-01,2.812000,2.941000,2.571000,2.664000,2.664000,0 5/1/2018 2.812
2018-06-01,2.738000,2.869000,2.695000,2.731000,2.731000,0 6/1/2018 2.738
2018-07-01,2.709000,2.867000,2.706000,2.848000,2.848000,0 7/1/2018 2.709
2018-08-01,2.872000,2.887000,2.692000,2.735000,2.735000,0 8/1/2018 2.872
2018-09-01,2.743000,2.990000,2.740000,2.948000,2.948000,0 9/1/2018 2.743
2018-10-01,2.972000,3.092000,2.885000,2.987000,2.987000,0 10/1/2018 2.972
2018-11-01,2.990000,3.095000,2.823000,2.845000,2.845000,0 11/1/2018 2.99
2018-12-01,2.875000,2.875000,2.500000,2.510000,2.510000,0 12/1/2018 2.875
2019-01-01,2.489000,2.635000,2.368000,2.440000,2.440000,0 1/1/2019 2.489
2019-02-01,2.441000,2.545000,2.429000,2.509000,2.509000,0 2/1/2019 2.441
2019-03-01,2.538000,2.563000,2.133000,2.243000,2.243000,0 3/1/2019 2.538
2019-04-01,2.270000,2.428000,2.246000,2.282000,2.282000,0 4/1/2019 2.27
2019-05-01,2.285000,2.384000,1.923000,1.927000,1.927000,0 5/1/2019 2.285
2019-06-01,1.888000,1.940000,1.709000,1.758000,1.758000,0 6/1/2019 1.888
2019-07-01,1.783000,1.909000,1.725000,1.844000,1.844000,0 7/1/2019 1.783
2019-08-01,1.847000,1.847000,1.355000,1.391000,1.391000,0 8/1/2019 1.847
2019-09-01,1.377000,1.752000,1.308000,1.551000,1.551000,0 9/1/2019 1.377
2019-10-01,1.596000,1.683000,1.321000,1.523000,1.523000,0 10/1/2019 1.596
2019-11-01,1.505000,1.782000,1.498000,1.621000,1.621000,0 11/1/2019 1.505
2019-12-01,1.664000,1.771000,1.518000,1.693000,1.693000,0 12/1/2019 1.664
2020-01-01,1.683000,1.691000,1.325000,1.326000,1.326000,0 1/1/2020 1.683
2020-02-01,1.367000,1.483000,0.909000,0.913000,0.913000,0 2/1/2020 1.367
2020-03-01,0.838000,0.915000,0.318000,0.375000,0.375000,0 3/1/2020 0.838
2020-04-01,0.355000,0.519000,0.301000,0.345000,0.345000,0 4/1/2020 0.355
2020-05-01,0.340000,0.404000,0.272000,0.304000,0.304000,0 5/1/2020 0.34
2020-06-01,0.310000,0.506000,0.266000,0.289000,0.289000,0 6/1/2020 0.31
2020-07-01,0.296000,0.331000,0.214000,0.215000,0.215000,0 7/1/2020 0.296
2020-08-01,0.219000,0.322000,0.192000,0.264000,0.264000,0 8/1/2020 0.219
2020-09-01,0.269000,0.304000,0.226000,0.272000,0.272000,0 9/1/2020 0.269
2020-10-01,0.285000,0.388000,0.256000,0.381000,0.381000,0 10/1/2020 0.285
2020-11-01,0.372000,0.465000,0.318000,0.362000,0.362000,0 11/1/2020 0.372
2020-12-01,0.369000,0.435000,0.349000,0.361000,0.361000,0 12/1/2020 0.369
2021-01-01,0.367000,0.533000,0.351000,0.443000,0.443000,0 1/1/2021 0.367
2021-02-01,0.427000,0.596000,0.413000,0.581000,0.581000,0 2/1/2021 0.427
TES 5Y
Precio de cierre
ajustado
High Low Close Adj Close Volume
1.534 1.204 1.224 1.224 0
1.405 1.137 1.279 1.279 0
1.422 1.155 1.359 1.359 0
1.39 0.985 1.011 1.011 0
1.169 0.911 1.033 1.033 0
1.241 1.017 1.18 1.18 0
1.27 1.092 1.156 1.156 0
1.368 1.157 1.313 1.313 0
1.882 1.229 1.834 1.834 0
2.119 1.796 1.934 1.934 0
2.017 1.804 1.908 1.908 0
2.02 1.794 1.88 1.88 0
2.138 1.885 1.929 1.929 0
1.926 1.706 1.816 1.816 0
1.951 1.724 1.748 1.748 0
1.885 1.673 1.885 1.885 0
1.968 1.795 1.832 1.832 0
1.857 1.672 1.707 1.707 0
1.939 1.618 1.928 1.928 0
2.089 1.898 2.01 2.01 0
2.156 1.975 2.144 2.144 0
2.261 2.068 2.206 2.206 0
2.551 2.223 2.524 2.524 0
2.682 2.461 2.65 2.65 0
2.734 2.55 2.562 2.562 0
2.852 2.535 2.789 2.789 0
2.941 2.571 2.664 2.664 0
2.869 2.695 2.731 2.731 0
2.867 2.706 2.848 2.848 0
2.887 2.692 2.735 2.735 0
2.99 2.74 2.948 2.948 0
3.092 2.885 2.987 2.987 0
3.095 2.823 2.845 2.845 0
2.875 2.5 2.51 2.51 0
2.635 2.368 2.44 2.44 0
2.545 2.429 2.509 2.509 0
2.563 2.133 2.243 2.243 0
2.428 2.246 2.282 2.282 0
2.384 1.923 1.927 1.927 0
1.94 1.709 1.758 1.758 0
1.909 1.725 1.844 1.844 0
1.847 1.355 1.391 1.391 0
1.752 1.308 1.551 1.551 0
1.683 1.321 1.523 1.523 0
1.782 1.498 1.621 1.621 0
1.771 1.518 1.693 1.693 0
1.691 1.325 1.326 1.326 0
1.483 0.909 0.913 0.913 0
0.915 0.318 0.375 0.375 0
0.519 0.301 0.345 0.345 0
0.404 0.272 0.304 0.304 0
0.506 0.266 0.289 0.289 0
0.331 0.214 0.215 0.215 0
0.322 0.192 0.264 0.264 0
0.304 0.226 0.272 0.272 0
0.388 0.256 0.381 0.381 0
0.465 0.318 0.362 0.362 0
0.435 0.349 0.361 0.361 0
0.533 0.351 0.443 0.443 0
0.596 0.413 0.581 0.581 0
DATOS DE MERCADO

https://finance.yahoo.com/quote/%5EGSPC/history?period1=1456099200&period2=1613952000&interval=1mo&filter=histor

Date,Open,High,Low,Close,Adj Close,Volume
2016-03-01,1937.089966,2072.209961,1937.089966,2059.739990,2059.739990,92639420000
2016-04-01,2056.620117,2111.050049,2033.800049,2065.300049,2065.300049,81124990000
2016-05-01,2067.169922,2103.479980,2025.910034,2096.949951,2096.949951,78883600000
2016-06-01,2093.939941,2120.550049,1991.680054,2098.860107,2098.860107,86852700000
2016-07-01,2099.340088,2177.090088,2074.020020,2173.600098,2173.600098,69530250000
2016-08-01,2173.149902,2193.810059,2147.580078,2170.949951,2170.949951,75610310000
2016-09-01,2171.330078,2187.870117,2119.120117,2168.270020,2168.270020,77270240000
2016-10-01,2164.330078,2169.600098,2114.719971,2126.149902,2126.149902,73196630000
2016-11-01,2128.679932,2214.100098,2083.790039,2198.810059,2198.810059,88299760000
2016-12-01,2200.169922,2277.530029,2187.439941,2238.830078,2238.830078,75251240000
2017-01-01,2251.570068,2300.989990,2245.129883,2278.870117,2278.870117,70483180000
2017-02-01,2285.590088,2371.540039,2271.649902,2363.639893,2363.639893,69162420000
2017-03-01,2380.129883,2400.979980,2322.250000,2362.719971,2362.719971,81547770000
2017-04-01,2362.340088,2398.159912,2328.949951,2384.199951,2384.199951,65265670000
2017-05-01,2388.500000,2418.709961,2352.719971,2411.800049,2411.800049,79607170000
2017-06-01,2415.649902,2453.820068,2405.699951,2423.409912,2423.409912,81002490000
2017-07-01,2431.389893,2484.040039,2407.699951,2470.300049,2470.300049,63169400000
2017-08-01,2477.100098,2490.870117,2417.350098,2471.649902,2471.649902,70616030000
2017-09-01,2474.419922,2519.439941,2446.550049,2519.360107,2519.360107,66337980000
2017-10-01,2521.199951,2582.979980,2520.399902,2575.260010,2575.260010,70871570000
2017-11-01,2583.209961,2657.739990,2557.449951,2647.580078,2647.580078,73173260000
2017-12-01,2645.100098,2694.969971,2605.520020,2673.610107,2673.610107,65251190000
2018-01-01,2683.729980,2872.870117,2682.360107,2823.810059,2823.810059,76860120000
2018-02-01,2816.449951,2835.959961,2532.689941,2713.830078,2713.830078,79579410000
2018-03-01,2715.219971,2801.899902,2585.889893,2640.870117,2640.870117,76369800000
2018-04-01,2633.449951,2717.489990,2553.800049,2648.050049,2648.050049,69648590000
2018-05-01,2642.959961,2742.239990,2594.620117,2705.270020,2705.270020,75617280000
2018-06-01,2718.699951,2791.469971,2691.989990,2718.370117,2718.370117,77439710000
2018-07-01,2704.949951,2848.030029,2698.949951,2816.290039,2816.290039,64542170000
2018-08-01,2821.169922,2916.500000,2796.340088,2901.520020,2901.520020,69238220000
2018-09-01,2896.959961,2940.909912,2864.120117,2913.979980,2913.979980,62492080000
2018-10-01,2926.290039,2939.860107,2603.540039,2711.739990,2711.739990,91327930000
2018-11-01,2717.580078,2815.149902,2631.090088,2760.169922,2760.169922,80080110000
2018-12-01,2790.500000,2800.179932,2346.580078,2506.850098,2506.850098,83522570000
2019-01-01,2476.959961,2708.949951,2443.959961,2704.100098,2704.100098,80401630000
2019-02-01,2702.320068,2813.489990,2681.830078,2784.489990,2784.489990,70183430000
2019-03-01,2798.219971,2860.310059,2722.270020,2834.399902,2834.399902,78596280000
2019-04-01,2848.629883,2949.520020,2848.629883,2945.830078,2945.830078,69604840000
2019-05-01,2952.330078,2954.129883,2750.520020,2752.060059,2752.060059,76860120000
2019-06-01,2751.530029,2964.149902,2728.810059,2941.760010,2941.760010,70904280000
2019-07-01,2971.409912,3027.979980,2952.219971,2980.379883,2980.379883,70349470000
2019-08-01,2980.320068,3013.590088,2822.120117,2926.459961,2926.459961,79599440000
2019-09-01,2909.010010,3021.989990,2891.850098,2976.739990,2976.739990,73992330000
2019-10-01,2983.689941,3050.100098,2855.939941,3037.560059,3037.560059,77564550000
2019-11-01,3050.719971,3154.260010,3050.719971,3140.979980,3140.979980,72179920000
2019-12-01,3143.850098,3247.929932,3070.330078,3230.780029,3230.780029,72054000000
2020-01-01,3244.669922,3337.770020,3214.639893,3225.520020,3225.520020,77104420000
2020-02-01,3235.659912,3393.520020,2855.840088,2954.219971,2954.219971,84292270000
2020-03-01,2974.280029,3136.719971,2191.860107,2584.590088,2584.590088,161801100000
2020-04-01,2498.080078,2954.860107,2447.489990,2912.429932,2912.429932,123163450000
2020-05-01,2869.090088,3068.669922,2766.639893,3044.310059,3044.310059,106799100000
2020-06-01,3038.780029,3233.129883,2965.659912,3100.290039,3100.290039,131044000000
2020-07-01,3105.919922,3279.989990,3101.169922,3271.120117,3271.120117,97197020000
2020-08-01,3288.260010,3514.770020,3284.530029,3500.310059,3500.310059,84402300000
2020-09-01,3507.439941,3588.110107,3209.449951,3363.000000,3363.000000,92084120000
2020-10-01,3385.870117,3549.850098,3233.939941,3269.959961,3269.959961,89737600000
2020-11-01,3296.199951,3645.989990,3279.739990,3621.629883,3621.629883,100977880000
2020-12-01,3645.870117,3760.199951,3633.399902,3756.070068,3756.070068,96056410000
2021-01-01,3764.610107,3870.899902,3662.709961,3714.239990,3714.239990,105548790000
2021-02-01,3731.169922,3937.229980,3725.620117,3934.830078,3934.830078,48124750000
2021-02-19,3921.159912,3930.409912,3903.070068,3906.709961,3906.709961,2302434831
000&interval=1mo&filter=history&frequency=1mo&includeAdjustedClose=true/
S&P 500
Precio de cierre
ajustado
Date Open High Low Close Adj Close Volume
3/1/2016 1937.08997 2072.20996 1937.08997 2059.73999 2059.73999 92639420000
4/1/2016 2056.62012 2111.05005 2033.80005 2065.30005 2065.300049 81124990000
5/1/2016 2067.16992 2103.47998 2025.91003 2096.94995 2096.949951 78883600000
6/1/2016 2093.93994 2120.55005 1991.68005 2098.86011 2098.860107 86852700000
7/1/2016 2099.34009 2177.09009 2074.02002 2173.6001 2173.600098 69530250000
8/1/2016 2173.1499 2193.81006 2147.58008 2170.94995 2170.949951 75610310000
9/1/2016 2171.33008 2187.87012 2119.12012 2168.27002 2168.27002 77270240000
10/1/2016 2164.33008 2169.6001 2114.71997 2126.1499 2126.149902 73196630000
11/1/2016 2128.67993 2214.1001 2083.79004 2198.81006 2198.810059 88299760000
12/1/2016 2200.16992 2277.53003 2187.43994 2238.83008 2238.830078 75251240000
1/1/2017 2251.57007 2300.98999 2245.12988 2278.87012 2278.870117 70483180000
2/1/2017 2285.59009 2371.54004 2271.6499 2363.63989 2363.639893 69162420000
3/1/2017 2380.12988 2400.97998 2322.25 2362.71997 2362.719971 81547770000
4/1/2017 2362.34009 2398.15991 2328.94995 2384.19995 2384.199951 65265670000
5/1/2017 2388.5 2418.70996 2352.71997 2411.80005 2411.800049 79607170000
6/1/2017 2415.6499 2453.82007 2405.69995 2423.40991 2423.409912 81002490000
7/1/2017 2431.38989 2484.04004 2407.69995 2470.30005 2470.300049 63169400000
8/1/2017 2477.1001 2490.87012 2417.3501 2471.6499 2471.649902 70616030000
9/1/2017 2474.41992 2519.43994 2446.55005 2519.36011 2519.360107 66337980000
10/1/2017 2521.19995 2582.97998 2520.3999 2575.26001 2575.26001 70871570000
11/1/2017 2583.20996 2657.73999 2557.44995 2647.58008 2647.580078 73173260000
12/1/2017 2645.1001 2694.96997 2605.52002 2673.61011 2673.610107 65251190000
1/1/2018 2683.72998 2872.87012 2682.36011 2823.81006 2823.810059 76860120000
2/1/2018 2816.44995 2835.95996 2532.68994 2713.83008 2713.830078 79579410000
3/1/2018 2715.21997 2801.8999 2585.88989 2640.87012 2640.870117 76369800000
4/1/2018 2633.44995 2717.48999 2553.80005 2648.05005 2648.050049 69648590000
5/1/2018 2642.95996 2742.23999 2594.62012 2705.27002 2705.27002 75617280000
6/1/2018 2718.69995 2791.46997 2691.98999 2718.37012 2718.370117 77439710000
7/1/2018 2704.94995 2848.03003 2698.94995 2816.29004 2816.290039 64542170000
8/1/2018 2821.16992 2916.5 2796.34009 2901.52002 2901.52002 69238220000
9/1/2018 2896.95996 2940.90991 2864.12012 2913.97998 2913.97998 62492080000
10/1/2018 2926.29004 2939.86011 2603.54004 2711.73999 2711.73999 91327930000
11/1/2018 2717.58008 2815.1499 2631.09009 2760.16992 2760.169922 80080110000
12/1/2018 2790.5 2800.17993 2346.58008 2506.8501 2506.850098 83522570000
1/1/2019 2476.95996 2708.94995 2443.95996 2704.1001 2704.100098 80401630000
2/1/2019 2702.32007 2813.48999 2681.83008 2784.48999 2784.48999 70183430000
3/1/2019 2798.21997 2860.31006 2722.27002 2834.3999 2834.399902 78596280000
4/1/2019 2848.62988 2949.52002 2848.62988 2945.83008 2945.830078 69604840000
5/1/2019 2952.33008 2954.12988 2750.52002 2752.06006 2752.060059 76860120000
6/1/2019 2751.53003 2964.1499 2728.81006 2941.76001 2941.76001 70904280000
7/1/2019 2971.40991 3027.97998 2952.21997 2980.37988 2980.379883 70349470000
8/1/2019 2980.32007 3013.59009 2822.12012 2926.45996 2926.459961 79599440000
9/1/2019 2909.01001 3021.98999 2891.8501 2976.73999 2976.73999 73992330000
10/1/2019 2983.68994 3050.1001 2855.93994 3037.56006 3037.560059 77564550000
11/1/2019 3050.71997 3154.26001 3050.71997 3140.97998 3140.97998 72179920000
12/1/2019 3143.8501 3247.92993 3070.33008 3230.78003 3230.780029 72054000000
1/1/2020 3244.66992 3337.77002 3214.63989 3225.52002 3225.52002 77104420000
2/1/2020 3235.65991 3393.52002 2855.84009 2954.21997 2954.219971 84292270000
3/1/2020 2974.28003 3136.71997 2191.86011 2584.59009 2584.590088161801100000
4/1/2020 2498.08008 2954.86011 2447.48999 2912.42993 2912.429932123163450000
5/1/2020 2869.09009 3068.66992 2766.63989 3044.31006 3044.310059106799100000
6/1/2020 3038.78003 3233.12988 2965.65991 3100.29004 3100.290039131044000000
7/1/2020 3105.91992 3279.98999 3101.16992 3271.12012 3271.120117 97197020000
8/1/2020 3288.26001 3514.77002 3284.53003 3500.31006 3500.310059 84402300000
9/1/2020 3507.43994 3588.11011 3209.44995 3363 3363 92084120000
10/1/2020 3385.87012 3549.8501 3233.93994 3269.95996 3269.959961 89737600000
11/1/2020 3296.19995 3645.98999 3279.73999 3621.62988 3621.629883100977880000
12/1/2020 3645.87012 3760.19995 3633.3999 3756.07007 3756.070068 96056410000
1/1/2021 3764.61011 3870.8999 3662.70996 3714.23999 3714.23999105548790000
2/1/2021 3731.16992 3937.22998 3725.62012 3934.83008 3934.830078 48124750000
2/19/2021 3921.15991 3930.40991 3903.07007 3906.70996 3906.709961 2302434831
Montos a pagar

Banco A:
MONTO 40000000
INTERES 1.5% MENSUAL
SEGURO 150000
CUOTAS IGUALES
n°MESES 60

PAGO S/ 1,165,737.10 mensual #NAME?


interes 2.05% mensual
interes 27.6% anual

Banco B:
Por ser pagos desiguales, hacemos el cuadro de amortizacion

MONTO 20000000
INTERES 2.1% MENSUAL
INTERES 27.6% ANUAL
SEGURO 30000 MENSUAL
CUOTAS VARIABLES
n°MESES 60

interes 2.30% MENSUAL


interes 31.32% ANUAL

INTERES INTERES PONDERADO Costo Deuda Costo Deuda


ACREEDOR MONTO MENSUAL ANUAL DEUDA Mensual Anual
BANCO A 40000000 2.05% 27.6% 66.7% 1.4% 18.4%
BANCO B 20000000 2.3% 31.32% 33.3% 0.8% 10.4%
60000000 2.1% 28.9%
Rendim Rendim
Mensual Anual

W
Equity o Capital 90000000 60%
Deuda o Debt 60000000 40%
Tc o Tasa de Impues 32%
Retorno Esperado Mensual 2.4% WACC 2.00% Mensual
Retorno Esperado Anual 32.3% WACC 27.21% Anual
Costo Deuda Mensual 2.1%
Costo Deuda Anual 28.9% WACC es la rentabilidad minima que tiene
que tener el proyecto
Metodo Aleman de Credito

N° Cuota Interes SobreCosto Abono Saldo Flujos de Caja


0 20000000 20000000
1 774133.333 410800 30000 333333.333 19666666.7 -774133
2 767286.667 403953.334 30000 333333.333 19333333.4 -767287
3 760440.001 397106.668 30000 333333.333 19000000.1 -760440
4 753593.335 390260.002 30000 333333.333 18666666.8 -753593
5 746746.669 383413.336 30000 333333.333 18333333.5 -746747
6 739900.003 376566.67 30000 333333.333 18000000.2 -739900
7 733053.337 369720.004 30000 333333.333 17666666.9 -733053
8 726206.671 362873.338 30000 333333.333 17333333.6 -726207
9 719360.005 356026.672 30000 333333.333 17000000.3 -719360
10 712513.339 349180.006 30000 333333.333 16666667 -712513
11 705666.674 342333.34 30000 333333.333 16333333.7 -705667
12 698820.008 335486.674 30000 333333.333 16000000.4 -698820
13 691973.342 328640.008 30000 333333.333 15666667.1 -691973
14 685126.676 321793.342 30000 333333.333 15333333.8 -685127
15 678280.01 314946.676 30000 333333.333 15000000.5 -678280
16 671433.344 308100.01 30000 333333.333 14666667.2 -671433
17 664586.678 301253.344 30000 333333.333 14333333.9 -664587
18 657740.012 294406.678 30000 333333.333 14000000.6 -657740
19 650893.346 287560.012 30000 333333.333 13666667.3 -650893
20 644046.68 280713.346 30000 333333.333 13333334 -644047
21 637200.014 273866.68 30000 333333.333 13000000.7 -637200
22 630353.348 267020.014 30000 333333.333 12666667.4 -630353
23 623506.682 260173.348 30000 333333.333 12333334.1 -623507
24 616660.016 253326.682 30000 333333.333 12000000.8 -616660
25 609813.35 246480.016 30000 333333.333 11666667.5 -609813
26 602966.684 239633.35 30000 333333.333 11333334.2 -602967
27 596120.018 232786.684 30000 333333.333 11000000.9 -596120
28 589273.352 225940.018 30000 333333.333 10666667.6 -589273
29 582426.686 219093.353 30000 333333.333 10333334.3 -582427
30 575580.02 212246.687 30000 333333.333 10000001 -575580
31 568733.354 205400.021 30000 333333.333 9666667.7 -568733
32 561886.688 198553.355 30000 333333.333 9333334.4 -561887
33 555040.022 191706.689 30000 333333.333 9000001.1 -555040
34 548193.356 184860.023 30000 333333.333 8666667.8 -548193
35 541346.69 178013.357 30000 333333.333 8333334.5 -541347
36 534500.024 171166.691 30000 333333.333 8000001.2 -534500
37 527653.358 164320.025 30000 333333.333 7666667.9 -527653
38 520806.692 157473.359 30000 333333.333 7333334.6 -520807
39 513960.026 150626.693 30000 333333.333 7000001.3 -513960
40 507113.36 143780.027 30000 333333.333 6666668 -507113
41 500266.694 136933.361 30000 333333.333 6333334.7 -500267
42 493420.028 130086.695 30000 333333.333 6000001.4 -493420
43 486573.362 123240.029 30000 333333.333 5666668.1 -486573
44 479726.696 116393.363 30000 333333.333 5333334.8 -479727
45 472880.03 109546.697 30000 333333.333 5000001.5 -472880
46 466033.364 102700.031 30000 333333.333 4666668.2 -466033
47 459186.698 95853.3648 30000 333333.333 4333334.9 -459187
48 452340.032 89006.6988 30000 333333.333 4000001.6 -452340
49 445493.366 82160.0329 30000 333333.333 3666668.3 -445493
50 438646.7 75313.3669 30000 333333.333 3333335 -438647
51 431800.034 68466.7009 30000 333333.333 3000001.7 -431800
52 424953.368 61620.0349 30000 333333.333 2666668.4 -424953
53 418106.702 54773.3689 30000 333333.333 2333335.1 -418107
54 411260.036 47926.703 30000 333333.333 2000001.8 -411260
55 404413.37 41080.037 30000 333333.333 1666668.5 -404413
56 397566.704 34233.371 30000 333333.333 1333335.2 -397567
57 390720.038 27386.705 30000 333333.333 1000001.9 -390720
58 383873.372 20540.039 30000 333333.333 666668.6 -383873
59 377026.706 13693.373 30000 333333.333 333335.3 -377027
60 370180.04 6846.70706 30000 333333.333 2 -370180
ujos de Caja

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