0 1 2 3

Cant. Inc 35,000 35,000 35,000

Precio 30 30 30
Venta 1,050,000 1,050,000 1,050,000
CV -525,000 -525,000 -525,000
Depreciac. -300,000 -200,000 -100,000
Gan/Per Act 10,000
EBIT 225,000 325,000 435,000
IR -67,500 -97,500 -130,500
UDI 157,500 227,500 304,500
+ Deprecia 300,000 200,000 100,000
FCO 457,500 427,500 404,500
Inversiones -600,000
Var. CTN -50,000 10,000 15,000 25,000
Venta Maq. 0
FCL -650,000 467,500 442,500 429,500

Prestamo 195,000
-Pago Prin o Amort -58,912 -64,804 -71,284
-Pago de Intereses -19,500 -13,609 -7,128
+Escudo Fiscal 5,850 4,083 2,139
FCFinanciam 195,000 -72,562 -74,330 -76,274

FCAccionista -455,000 394,938 368,170 353,226

VAN 399,066
TIR 65%

Maq. Nueva
0 1 2 3
Valor Libros 600,000 300,000 100,000 0
Factor 0.500 0.333 0.167
Depreciac. 300,000 200,000 100,000

Financiamiento
0 1 2 3
Deuda 195,000 136,088 71,284 0
Pago de Principal 58,912 64,804 71,284
Pago de Intereses 19,500 13,609 7,128
Cuotas 78,412 78,412 78,412