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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
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:
de activos de capital)
00&interval=1mo&filter=history&frequency=1mo&includeAdjustedClose=true/
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%
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/
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
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
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