Ítem 0 1

Venta u 20000 Venta en unidades 20,000

Crecimiento 10% Precio venta 1,000
Precio u 1000 Ingresos de explotación 20,000,000
Costo v % 30% Egresos de explotación -6,000,000
Costo v$ 300 Margen de explotación 14,000,000
Maq A 3000000 Gastos Generales -1,500,000
Maq B 5000000 Resultado operacional 12,500,000
Vu 10 Depreciación activos -800,000
VR 0 Resultado no operacional -800,000
Capital trabajo 2000000 Beneficio antes de impuesto 11,700,000
Gastos Generales 1500000 Impuesto a la renta -3,159,000
Depre. Maq A 300000 Beneficio despues de impuesto 8,541,000
Depre. Maq B 500000 Ajustes de caja
tx 27% Depreciación activos 800,000
Inversión en activos dep -8,000,000
Capital de Trabajo -2,000,000
Flujo de Caja del proyecto puro -10,000,000 9,341,000
 2 3 4 5 6 7 8
20,000 20,000 20,000 22,000 24,200 26,620 29,282
1,000 1,000 1,000 1,000 1,000 1,000 1,000
20,000,000 20,000,000 20,000,000 22,000,000 24,200,000 26,620,000 29,282,000
-6,000,000 -6,000,000 -6,000,000 -6,600,000 -7,260,000 -7,986,000 -8,784,600
14,000,000 14,000,000 14,000,000 15,400,000 16,940,000 18,634,000 20,497,400
-1,500,000 -1,500,000 -1,500,000 -1,500,000 -1,500,000 -1,500,000 -1,500,000
12,500,000 12,500,000 12,500,000 13,900,000 15,440,000 17,134,000 18,997,400
-800,000 -800,000 -800,000 -800,000 -800,000 -800,000 -800,000
-800,000 -800,000 -800,000 -800,000 -800,000 -800,000 -800,000
11,700,000 11,700,000 11,700,000 13,100,000 14,640,000 16,334,000 18,197,400
-3,159,000 -3,159,000 -3,159,000 -3,537,000 -3,952,800 -4,410,180 -4,913,298
8,541,000 8,541,000 8,541,000 9,563,000 10,687,200 11,923,820 13,284,102

800,000 800,000 800,000 800,000 800,000 800,000 800,000

9,341,000 9,341,000 9,341,000 10,363,000 11,487,200 12,723,820 14,084,102

 9 10
32,210 35,431
1,000 1,000
32,210,200 35,431,220
-9,663,060 -10,629,366
22,547,140 24,801,854
-1,500,000 -1,500,000
21,047,140 23,301,854
-800,000 -800,000
-800,000 -800,000
20,247,140 22,501,854
-5,466,728 -6,075,501
14,780,412 16,426,353

800,000 800,000

2,000,000
15,580,412 19,226,353
 Ítem 0 1
Venta u 20000 Venta en unidades 20,000
Crecimiento 10% Precio venta 1,000
Precio u 1000 Ingresos de explotación 20,000,000
Costo v % 30% Egresos de explotación -6,000,000
Costo v$ 300 Margen de explotación 14,000,000
Maq A 3000000 Gastos Generales -1,500,000
Maq B 5000000 Resultado operacional 12,500,000
Vu 10 Depreciación activos -800,000
VR 0 Resultado no operacional -800,000
Capital trabajo 2000000 Beneficio antes de impuesto 11,700,000
Gastos Generales 1500000 Impuesto a la renta -3,159,000
Depre. Maq A 300000 Beneficio despues de impuesto 8,541,000
Depre. Maq B 500000 Ajustes de caja
tx 27% Depreciación activos 800,000
Crédito 6000000 Inversión en activos dep -8,000,000
tasa 10% Capital de Trabajo -2,000,000
n 10 Flujo de Caja del proyecto puro -10,000,000 9,341,000
Cuota 976472.3693 Recursos externos (préstamo) 6,000,000
cuota $-976,472.37 Ret deuda (cuotas) -976,472
Beneficio tributario 162,000
Flujo de Caja para el inversionista -4,000,000 8,526,528

Periodo 1
Capital inicial 6,000,000
Interés 600,000
Cuota 976,472
Amortización 376,472
Saldo 5,623,528
 2 3 4 5 6 7 8
20,000 20,000 20,000 22,000 24,200 26,620 29,282
1,000 1,000 1,000 1,000 1,000 1,000 1,000
20,000,000 20,000,000 20,000,000 22,000,000 24,200,000 26,620,000 29,282,000
-6,000,000 -6,000,000 -6,000,000 -6,600,000 -7,260,000 -7,986,000 -8,784,600
14,000,000 14,000,000 14,000,000 15,400,000 16,940,000 18,634,000 20,497,400
-1,500,000 -1,500,000 -1,500,000 -1,500,000 -1,500,000 -1,500,000 -1,500,000
12,500,000 12,500,000 12,500,000 13,900,000 15,440,000 17,134,000 18,997,400
-800,000 -800,000 -800,000 -800,000 -800,000 -800,000 -800,000
-800,000 -800,000 -800,000 -800,000 -800,000 -800,000 -800,000
11,700,000 11,700,000 11,700,000 13,100,000 14,640,000 16,334,000 18,197,400
-3,159,000 -3,159,000 -3,159,000 -3,537,000 -3,952,800 -4,410,180 -4,913,298
8,541,000 8,541,000 8,541,000 9,563,000 10,687,200 11,923,820 13,284,102

800,000 800,000 800,000 800,000 800,000 800,000 800,000

9,341,000 9,341,000 9,341,000 10,363,000 11,487,200 12,723,820 14,084,102

-976,472 -976,472 -976,472 -976,472 -976,472 -976,472 -976,472

151,835 140,654 128,355 114,825 99,943 83,573 65,565
8,516,363 8,505,182 8,492,882 9,501,353 10,610,671 11,830,920 13,173,195

2 3 4 5 6 7 8
5,623,528 5,209,408 4,753,876 4,252,792 3,701,599 3,095,286 2,428,342
562,353 520,941 475,388 425,279 370,160 309,529 242,834
976,472 976,472 976,472 976,472 976,472 976,472 976,472
414,120 455,532 501,085 551,193 606,313 666,944 733,638
5,209,408 4,753,876 4,252,792 3,701,599 3,095,286 2,428,342 1,694,704
 9 10
32,210 35,431
1,000 1,000
32,210,200 35,431,220
-9,663,060 -10,629,366
22,547,140 24,801,854
-1,500,000 -1,500,000
21,047,140 23,301,854
-800,000 -800,000
-800,000 -800,000
20,247,140 22,501,854
-5,466,728 -6,075,501
14,780,412 16,426,353

800,000 800,000

2,000,000
15,580,412 19,226,353

-976,472 -976,472
45,757 23,968
14,649,697 18,273,849

9 10
1,694,704 887,702
169,470 88,770
976,472 976,472
807,002 887,702
887,702 0