Impuesto a la renta 30%
Margen de costo de ventas
Año 0 1 2
Incremento en las ventas
Unidades vendidas
Valor de venta unitario
Ventas $4,003,734.00 $4,173,505.00
Costo de ventas -$1,136,301.00 -$1,193,066.00
Gastos de venta -$1,047,282.00 -$1,102,903.00
Gastos administrativos y de ventas -$436,787.00 -$527,986.00
Depreciación Máquina 1 -$222,027.00 -$222,223.00
Depreciación Máquina 2
Depreciación Local
UTILIDAD OPERATIVA $1,161,337.00 $1,127,327.00
UTILIDAD OPERATIVA AFTER TAX $818,742.59 $794,765.54
Crédito a clientes -$296,522.00 -$328,139.00 -$285,970.00
DIFERENCIAL -$31,617.00 -$254,353.00
Crédito de proveedores $352,270.00 $361,174.00 $438,516.00
DIFERENCIAL $8,904.00 $429,612.00
Depreciación Máquina 1 $222,027.00 $222,223.00
Depreciación Máquina 2
Depreciación Local
Alquiler rechazado
FCO $1,018,056.59 $1,192,247.54
Venta de receta rechazada
Máquina 1
Máquina 2
Capital de trabajo
FCI/FCLiq $0.00 $0.00 $0.00
FCL $0.00 $1,018,056.59 $1,192,247.54
Préstamo bancario $2,000,000.00 -$200,000.00 -$200,000.00
Intereses -$156,000.00 -$156,000.00
Escudo fiscal de intereses $46,020.00 $46,020.00
FCF $2,000,000.00 -$309,980.00 -$309,980.00
FCA $2,000,000.00 $708,076.58 $882,267.53
FC Deuda $2,000,000.00 -$356,000.00 -$356,000.00
TIR 12.14%
Pasivos financieros actuales
Costo de pasivos financieros actuales
Pasivos financieros totales
Costo de pasivos financieros totales
Patrimonio
Beta desapalancado
Rendimiento libre de riesgo
Rendimiento de mercado
Riesgo país
Inflación
Beta apalancado
CAPM
WACC
0 1 2
VA FCL
VAN FCL
TIR FCL
VA FCA
VAN FCA
TIR FCL
Período de recuperación descontado FCL
EVA FCL
3 4 5 6 7
$4,483,993.00 $4,634,129.00 $5,022,009.00 $5,343,674.00 $5,709,588.00
-$1,282,163.00 -$1,322,882.00 -$1,360,521.00 -$1,367,670.00 -$1,497,118.00
-$1,061,232.00 -$1,077,216.00 -$1,101,442.00 -$936,302.00 -$951,029.00
-$549,692.00 -$905,598.00 -$537,425.00 -$440,609.00 -$370,448.00
-$239,324.00 -$284,341.00 -$264,016.00 -$260,716.00 -$272,485.00
$1,351,582.00 $1,044,092.00 $1,758,605.00 $2,338,377.00 $2,618,508.00
$952,865.31 $736,084.86 $1,239,816.53 $1,648,555.79 $1,846,048.14
-$281,881.00 -$231,816.00 -$295,589.00 -$215,493.00 -$198,501.00
-$27,528.00 -$204,288.00 -$91,301.00 -$124,192.00 -$74,309.00
$432,559.00 $469,184.00 $783,534.00 $1,014,222.00 $1,263,698.00
$2,947.00 $466,237.00 $317,297.00 $696,925.00 $566,773.00
$239,324.00 $284,341.00 $264,016.00 $260,716.00 $272,485.00
$1,167,608.31 $1,282,374.86 $1,729,828.53 $2,482,004.79 $2,610,997.14
$0.00 $0.00 $0.00 $0.00 $0.00
$1,167,608.31 $1,282,374.86 $1,729,828.53 $2,482,004.79 $2,610,997.14
-$200,000.00 -$200,000.00 -$200,000.00 -$200,000.00 -$200,000.00
-$156,000.00 -$156,000.00 -$156,000.00 -$156,000.00 -$156,000.00
$46,020.00 $46,020.00 $46,020.00 $46,020.00 $46,020.00
-$309,980.00 -$309,980.00 -$309,980.00 -$309,980.00 -$309,980.00
$857,628.31 $972,394.86 $1,419,848.52 $2,172,024.78 $2,301,017.14
-$356,000.00 -$356,000.00 -$356,000.00 -$356,000.00 -$356,000.00
3 4 5 6 7
8 9 10 11
$4,314,745.00 $5,885,493.00 $6,743,109.00
-$1,315,706.00 -$2,030,170.00 -$2,457,245.00
-$887,669.00 -$1,062,762.00 -$1,182,907.00
-$383,397.00 -$479,107.00 -$463,740.00
-$285,508.00 -$301,838.00 -$328,997.00
$1,442,465.00 $2,011,616.00 $2,310,220.00
$1,016,937.83 $1,418,189.28 $1,628,705.10
-$116,837.00 -$136,380.00 -$93,083.00
-$42,528.00 -$93,852.00 $769.00
$1,328,398.00 $1,251,620.00 $1,494,033.00
$761,625.00 $489,995.00 $1,004,038.00
$285,508.00 $301,838.00 $328,997.00
$2,021,542.83 $2,116,170.28 $2,962,509.10 $0.00
$0.00 $0.00 $0.00 $0.00
$2,021,542.83 $2,116,170.28 $2,962,509.10 $0.00
-$200,000.00 -$200,000.00 -$200,000.00
-$156,000.00 -$156,000.00 -$156,000.00
$46,020.00 $46,020.00 $46,020.00
-$309,980.00 -$309,980.00 -$309,980.00
$1,711,562.82 $1,806,190.28 $2,652,529.10 $0.00
-$356,000.00 -$356,000.00 -$356,000.00
8 9 10 11
