Inventario Year 0 Year 1

Precio X palo 80
Porduccion palos 120,000.00
Cuantos palos quedan 75,000.00 56,250

HomenetCapital Budget
Key Assumptions Year 0 Year 1
Revenues and costs
Units sold 120,000
Price Per unit $ 80.00
Costs $ 30.00
Cannibalization Rate 16%
FX-1 antiguos $ 3,125,000.00 $ 500,000.00
Operating Expenses
Molde $ 500,000.00
Costo de investigación $ 50,000.00
Costo de oportunidad $ 500,000.00
Cos6to de ingenieria $ 400,000.00
Marketing $ 600,000.00
Other assumptions
Depreciation schedule 0% 25%
Costo variable 30% 30%
Tax rate 38.50% 38.50%

WACC 10.5%

Year 0 Year 1
Ventas $ 9,100,000
COGS -$ 3,600,000

Utilidad $ 5,500,000
Costo variable -$ 600,000.00 -$ 2,730,000
R&D -$ 400,000.00
Depreciacion -$ 125,000.00

Operating Income/EBIT -$ 1,000,000 $ 2,645,000

Tax rate -$ 385,000.00 $ 1,018,325.00

Net Income -$ 615,000.00 $ 1,626,675.00

Net Working Capital

Cash requiered
Inventario $ 2,250,000.00 $ 1,687,500.00
Cuentas x cobrar $ - $ 2,243,835.62
Cuentas x pagar
WK Total $ 2,250,000.00 $ 3,931,335.62
Cambio WK -$ 2,250,000.00 -$ 1,681,335.62
FCF
Plus Depreciation $ 125,000.00
CAPEX -$ 500,000.00
Cambio WK -$ 2,250,000.00 -$ 1,681,335.62

FCF -$ 3,365,000.00 $ 70,339.38

VPN $944,364.68
 Year 2 Year 3 Year 4
70 60 50
86,400.00 67,837.50
37,688 15,075

Year 2 Year 3 Year 4

90,000.00 60,300.00 15,075.00

$ 70.00 $ 60.00 $ 50.00

38.50% 38.50% 38.50%

Year 2 Year 3 Year 4

$ 6,300,000 $ 3,618,000 $ 753,750
-$ 2,700,000 -$ 1,809,000 -$ 452,250

$ 3,600,000 $ 1,809,000 $ 301,500

-$ 1,890,000 -$ 1,085,400 -$ 226,125

-$ 125,000.00 -$ 125,000.00 -$ 125,000.00

$ 1,585,000 $ 598,600 -$ 49,625

$ 610,225.00 $ 230,461.00 -$ 19,105.63

$ 974,775.00 $ 368,139.00 -$ 30,519.38

$ 1,130,625.00 $ 452,250.00
$ 1,553,424.66 $ 892,109.59

$ 2,684,049.66 $ 1,344,359.59 $ -
$ 1,247,285.96 $ 1,339,690.07 $ 1,344,359.59
$ 125,000.00 $ 125,000.00 $ 125,000.00

$ 1,247,285.96 $ 1,339,690.07 $ 1,344,359.59

$ 2,347,060.96 $ 1,832,829.07 $ 1,438,840.21