Documentos de Académico
Documentos de Profesional
Documentos de Cultura
COK = 14%
A)
PROYECTO A PROYECTO B
0 1 2 3 4 5
-6,800 1,500 3,000 5,000 2,000 5,000
-6,800 -5,300 -2,300 2,700 4,700 9,700
0 1 2 3 4 5
-6,800 1,316 2,308 3,375 1,184 2,597
-6,800 -5,484 -3,176 199 1,383 3,980
VAN A = S/.3,980
PRI tradicional = 2.46 AÑOS
PRI descontado = 2.94 AÑOS
TIR = 33% > COK
B/C = S/ 1.59 >1
VAE = S/.1,159.32 >0
PROYECTO C PROYECTO D
0 1 2 3 4 5
-5,500 1,500 1,500 5,000 5,000 3,000
-5,500 -4,000 -2,500 2,500 7,500 10,500
0 1 2 3 4 5
-5,500 1,316 1,154 3,375 2,960 1,558
-5,500 -4,184 -3,030 345 3,305 4,863
VAN C = S/.4,863
PRI tradicional = 2.50 AÑOS
PRI descontado = 2.90 AÑOS
TIR = 40% > COK
B/C = S/ 1.88 >1
VAE = S/.1,416.62 >0
PROYECTO INVERSION VAN PRI TRAD PRI DESC TIR B/C VAE
A -S/. 6,800 S/. 3,980 2.46 2.94 33% S/. 1.59 S/. 1,159
B -S/. 14,400 S/. 6,518 2.20 2.75 34% S/. 1.45 S/. 2,237
C -S/. 5,500 S/. 4,863 2.50 2.90 40% S/. 1.88 S/. 1,417
D -S/. 5,000 -S/. 701 2.50 No se recupera 5% S/. 0.86 -S/. 302
B) MAXIMO 20,000
BAJO EL RACIONAMIENTO DE CAPITAL SERIA B Y C JUNTOS YA QUE TIENEN MAYOR VAN Y VAE JUNTOS
0 1 2 3 4
-14,400 7,018 3,847 4,725 5,329
-14,400 -7,382 -3,535 1,190 6,518
VAN B = S/.6,518
PRI tradicional = 2.20 AÑOS
PRI descontado = 2.75 AÑOS
TIR = 34% > COK
B/C = S/ 1.45 >1
VAE = S/.2,237.15 >0
0 1 2 3 4 5
-5,000 1,500 3,000 1,000 0 0
-5,000 -3,500 -500 500
0 1 2 3
-5,000 1,316 2,308 675
-5,000 -3,684 -1,376 -701
VAN D = -S/.701
PRI tradicional = 2.50 AÑOS
PRI descontado = No se recupera
TIR = 5% < COK
B/C = S/ 0.86 <1
VAE = -S/.301.87 <0
IMPUESTO 30%
0 1 10 0
(-) Seguro -S/. 1,000,000 -S/. 1,000,000
(-) Mantenimiento fijo -S/. 300,000 -S/. 300,000
(-) Mantenimiento variable -S/. 1,125,000 -S/. 1,125,000
(-) Energia -S/. 2,250,000 -S/. 2,250,000
(-) Operario -S/. 11,875,000 -S/. 11,875,000
(-) Depreciación -S/. 5,000 -S/. 5,000
EBIT -S/. 16,555,000 -S/. 16,555,000
(-) Impuesto a la renta S/. 4,966,500 S/. 4,966,500
Depreciación S/. 5,000 S/. 5,000
Flujo de caja operativo -S/. 11,583,500 -S/. 11,583,500
(-) Inversiones -S/. 50,000 -S/. 24,000
Valor de recupero S/. 14,000
Flujo de caja de libre disponibilidad -S/. 50,000 -S/. 11,583,500 -S/. 11,569,500 -S/. 24,000
Maquinaria Maquinaria
Año
Alemana Argentina
0 -S/ 50,000 -S/ 24,000
1 -S/ 11,583,500 -S/ 11,677,733
2 -S/ 11,583,500 -S/ 11,677,733
3 -S/ 11,583,500 -S/ 11,677,733
4 -S/ 11,583,500 -S/ 11,677,733
5 -S/ 11,583,500 -S/ 11,677,733 VAN alemana= -S/ 58,181,445.79
6 -S/ 11,583,500 -S/ 11,677,733 CAE alemana = -S/ 11,592,773.07
7 -S/ 11,583,500 -S/ 11,677,733
8 -S/ 11,583,500 -S/ 11,677,733 VAN argentina = -S/ 63,323,234.82
9 -S/ 11,583,500 -S/ 11,677,733 CAE argentina = -S/ 11,681,919.51
10 -S/ 11,569,500 -S/ 11,677,733
11 -S/ 11,677,733
12 -S/ 11,670,733
COK 15%
B) SI EL COSTO ANUAL DE ALQUILAR ES S/10,500,000 DEBERIA ELEGIR ALQUILAR POR DARME MENOR CAE
V. LIBROS V.COMERCIAL V.COM TOTAL RECUPERACION
S/ - S/ 20,000 S/ 20,000 S/ 14,000
S/ - S/ 10,000 S/ 10,000 S/ 7,000
Maquinaria Argentina
1 12
-S/. 1,500,000 -S/. 1,500,000
-S/. 350,000 -S/. 350,000
-S/. 1,000,000 -S/. 1,000,000
-S/. 2,166,667 -S/. 2,166,667
-S/. 11,666,667 -S/. 11,666,667
-S/. 2,000 -S/. 2,000
-S/. 16,685,333 -S/. 16,685,333
S/. 5,005,600 S/. 5,005,600
S/. 2,000 S/. 2,000
-S/. 11,677,733 -S/. 11,677,733
S/. 7,000
-S/. 11,677,733 -S/. 11,670,733