CIDERURGICA LA CHAPINA,S.A.

FLUJO NETO DE FONDOS

CIFRAS EN QUETZALES
AÑOS
0 1 2 3 4 5
Ventas 450,000.00 525,000.00 610,000.00 675,000.00 725,000.00
Costos y Gastos -270,000.00 -315,000.00 -366,000.00 -405,000.00 -435,000.00
Depreciaciones -45,000.00 -45,000.00 -45,000.00 -45,000.00 -45,000.00
Amortizaciones -21,000.00 -21,000.00 -21,000.00 -21,000.00 -21,000.00
Intereses S/Prestamo -44,800.00 -44,800.00 -44,800.00 -28,800.00 -12,800.00
Utilidad antes de ISR 69,200.00 99,200.00 133,200.00 175,200.00 211,200.00
Impuesto sobre la Renta -17,300.00 -24,800.00 -33,300.00 -43,800.00 -52,800.00
Utilidad Neta 51,900.00 74,400.00 99,900.00 131,400.00 158,400.00
Depreciaciones 45,000.00 45,000.00 45,000.00 45,000.00 45,000.00
Amortizaciones 21,000.00 21,000.00 21,000.00 21,000.00 21,000.00
Activos Fijos -300,000.00
Inversiones Diferidas -180,000.00
Capital de Trabajo -120,000.00
Prestamo 280,000.00
Valor Recuperable Activos Fijos 175,000.00
Amortizacion Prestamo -100,000.00 -100,000.00 -80,000.00
Flujo Neto de Fondos -320,000.00 117,900.00 140,400.00 65,900.00 97,400.00 319,400.00
Factor (1.20)^-0 (1.20)^-1 (1.20)^-2 (1.20)^-3 (1.20)^-4 (1.20)^-5
1 0.833333333 0.694444444 0.578703704 0.482253086 0.401877572
F.N.F Actualizado -320,000.00 98,250.00 97,500.00 38,136.57 46,971.45 128,359.70
VAN 89,217.72
CIDERURGICA LA CHAPINA,S.A.
RELACION COSTO-BENEFICIO
CIFRAS EN QUETZALES
AÑOS
DESCRIPCION INGRESOS 0 1 2 3 4 5
Ventas 450,000.00 525,000.00 610,000.00 675,000.00 725,000.00
Prestamo 280,000.00
Valor Recuperable A. Fijos 175,000.00
Suman los Ingresos 280,000.00 450,000.00 525,000.00 610,000.00 675,000.00 900,000.00
Factor (1+r)^-n 1 0.833333333 0.694444444 0.578703704 0.482253086 0.401877572
Ingresos Actualizados 280,000.00 375,000.00 364,583.33 353,009.26 325,520.83 361,689.81
Suma VAN de Ingresos 2,059,803.24

EGRESOS
Costos y Gastos 270,000.00 315,000.00 366,000.00 405,000.00 435,000.00
Intereses S/Prestamos 44,800.00 44,800.00 44,800.00 28,800.00 12,800.00
Impuesto Sobre la Renta 17,300.00 24,800.00 33,300.00 43,800.00 52,800.00
Activos Fijos 300,000.00
Inversiones Diferidas 180,000.00
Capital de Trabajo 120,000.00
Amortización Prestamo 0.00 0.00 0.00 100,000.00 100,000.00 80,000.00
Suman los Egresos 600,000.00 332,100.00 384,600.00 544,100.00 577,600.00 580,600.00
Factor (1+r)^-n 1 0.833333333 0.694444444 0.578703704 0.482253086 0.401877572
Ingresos Actualizados 600,000.00 276,750.00 267,083.33 314,872.69 278,549.38 233,330.12
Suma VAN de Egresos 1,970,585.52
CIDERURGICA LA CHAPINA S.A.
RELACION COSTO BENEFICIO
CIFRAS EN QUETZALES

FORMULA
R B/C= Ingresos Actualizados
Inversion Inicial + Egresos Actualizados

R B/C= 2,059,803.24
 600,000.00 + 1,370,585.52

R B/C= 2,059,803.24
1,970,585.52

R B/C= 1.045274727

CIDERURGICA LA CHAPINA S.A.

AÑO F.N.F. 20% 26% 31%

0 -320,000.00 1 -320,000.00 1 -320,000.00 1 -320,000.00
1 117,900.00 0.833333333 98,250.00 0.793650794 93,571.43 0.763358779 90,000.00
2 140,400.00 0.694444444 97,500.00 0.629881582 88,435.37 0.582716625 81,813.41
3 65,900.00 0.578703704 38,136.57 0.499906018 32,943.81 0.444821851 29,313.76
4 97,400.00 0.482253086 46,971.45 0.396750808 38,643.53 0.339558665 33,073.01
5 319,400.00 0.401877572 128,359.70 0.314881593 100,573.18 0.259205088 82,790.11
89,217.72 34,167.32 -3,009.71

TIR = R1 + (R2-R1) VAN +

(VAN +) - (VAN -)

TIR = 0.26 +(0.31 - 0.26) 34,167.32

34,167.32 - -3,009.71

TIR = 0.26 + (0.05) 34,167.32

37,177.03

TIR = 0.26 + (0.05) 0.919043903

TIR = 0.26 + (0.05)(0.919043903)

TIR = 0.26 + 0.045952195

TIR = 0.305952195 30.60%

Depreciación Anual Amortizacion Anual
45,000.00 21,000.00