Inversin inicial miles

Cantidad a invertir 55,000.00

Rendimiento bruto anual esperado 6,000.00

Aos esperados de rendimiento 21

Tasa variacin rendimientos 5.0%

Tipo impositivo 30.0%

Tasa actualizacin 8.0%

Tasa crecimiento perpetuo 2.0%

Tasa reinversin beneficios 100.0%

Inversiones adicionales y rendimientos anuales obtenidos

Inicial Ao 1
Activo no corriente 0.00
Activo corriente 10,000.00
Rendimientos brutos anuales obtenidos 6,000.00
Rendimientos netos anuales obtenidos 4,200.00

Flujos de caja inversin -55,000.00 -5,800.00

VAN Inversin 26,316.85

TIR Inversin 10.28%

Escenario optimista
Desviacin optimista rendimientos anuales 25%
Flujos de caja inversin -55,000.00 -4,750.00

VAN Inversin 54,007.59

TIR Inversin 12.35%

Escenario pesimista
Desviacin optimista rendimientos anuales -25%
Flujos de caja inversin -55,000.00 -6,850.00

VAN Inversin -1,373.89

TIR Inversin 7.87%
 En blanco, celdas modifica
Leyenda En amarillo, celdas con f
En verde, celdas con valo

* tasa estimada independientemente del modo de financiacin de la inversin

Ao 2 Ao 3 Ao 4 Ao 5 Ao 6 Ao 7
2,000.00 5,000.00 2,000.00 0.00 0.00 0.00
8,000.00 5,000.00 3,000.00 0.00 0.00 0.00
6,300.00 6,615.00 6,945.75 8,000.00 8,400.00 8,820.00
4,410.00 4,630.50 4,862.03 5,600.00 5,880.00 6,174.00

-5,590.00 -5,369.50 -137.98 5,600.00 5,880.00 6,174.00

-4,487.50 -4,211.88 1,077.53 7,000.00 7,350.00 7,717.50

-6,692.50 -6,527.13 -1,353.48 4,200.00 4,410.00 4,630.50

nco, celdas modificables
arillo, celdas con frmula propuesta pero se puede modificar el valor
rde, celdas con valores no modificables

Ao 8 Ao 9 Ao 10 Ao 11 Ao 12
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
9,261.00 9,724.05 11,000.00 11,550.00 12,127.50
6,482.70 6,806.84 7,700.00 8,085.00 8,489.25

6,482.70 6,806.84 7,700.00 8,085.00 8,489.25

8,103.38 8,508.54 9,625.00 10,106.25 10,611.56

4,862.03 5,105.13 5,775.00 6,063.75 6,366.94

Ao 13 Ao 14 Ao 15 Ao 16 Ao 17 Ao 18
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
12,733.88 13,370.57 14,039.10 14,741.05 15,478.10 16,252.01
8,913.71 9,359.40 9,827.37 10,318.74 10,834.67 11,376.41

8,913.71 9,359.40 9,827.37 10,318.74 10,834.67 11,376.41

11,142.14 11,699.25 12,284.21 12,898.42 13,543.34 14,220.51

6,685.28 7,019.55 7,370.53 7,739.05 8,126.00 8,532.31

Ao 19 Ao 20
0.00 0.00
0.00 0.00 Valor residual
17,064.61 17,917.84
11,945.23 12,542.49

11,945.23 12,542.49 219,493.55

14,931.53 15,678.11 274,366.94

8,958.92 9,406.87 164,620.16

unidades
miles
millones
 Financiacin inversion inicial

Capital propio 5,000.00

Capital ajeno 50,000.00

Rentabilidad esperada accionistas 8.00%

Tipo de inters 6.00%

Aos prstamo 15

Devolucin prstamo inicial

Capital pendiente Intereses Amortizacin
Inicial 50,000.00
Ao 1 47,851.86 3,000.00 2,148.14
Ao 2 45,574.84 2,871.11 2,277.03
Ao 3 43,161.19 2,734.49 2,413.65
Ao 4 40,602.72 2,589.67 2,558.47
Ao 5 37,890.75 2,436.16 2,711.97
Ao 6 35,016.05 2,273.44 2,874.69
Ao 7 31,968.88 2,100.96 3,047.18
Ao 8 28,738.87 1,918.13 3,230.01
Ao 9 25,315.07 1,724.33 3,423.81
Ao 10 21,685.83 1,518.90 3,629.23
Ao 11 17,838.84 1,301.15 3,846.99
Ao 12 13,761.03 1,070.33 4,077.81
Ao 13 9,438.56 825.66 4,322.48
Ao 14 4,856.73 566.31 4,581.82
Ao 15 0.00 291.40 4,856.73
0 0
0 0
0 0
0 0
0 0
Financiacin adicional
Ao 1 Ao 2 Ao 3 Ao 4
Capital propio 10,000.00 7,000.00 4,000.00 2,500.00
Prstamo 0.00 0.00 8,000.00 0.00
Acreedores 4,000.00 3,000.00 1,000.00 0.00
Reinversin beneficios 4,200.00 4,410.00 4,630.50 4,862.03

Cuota Importe prstamo inicial 50,000.00

Aos 15
5,148.14 Pagos anuales 12
5,148.14 Tipo nominal 6.00%
5,148.14
5,148.14
5,148.14 Cuota 5,148.14
5,148.14
5,148.14
5,148.14 Importe prstamo adicional 8,000.00
5,148.14 Ao concesin 3
5,148.14 Aos devolucin 5
5,148.14 Tipo nominal 7.00%
5,148.14
5,148.14
5,148.14 Cuota 1,951.13
5,148.14
0
0
0
0
0
Ao 5 Ao 6 Ao 7 Ao 8 Ao 9
5,000.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
5,600.00 5,880.00 6,174.00 6,482.70 6,806.84

Devolucin financiacin adicional

Capital pendiente Intereses Amortizacin
Inicial 0
Ao 1 0 0.00 0.00
Ao 2 0 0.00 0.00
Ao 3 8000.00 0.00 0.00
Ao 4 6608.87 560.00 1391.13
Ao 5 5120.37 462.62 1488.50
Ao 6 3527.67 358.43 1592.70
Ao 7 1823.48 246.94 1704.19
Ao 8 0.00 127.64 1823.48
0.00 0 0
0.00 0 0
0.00 0 0
0.00 0 0
0.00 0 0
0.00 0 0
0.00 0 0
0.00 0 0
0.00 0 0
0.00 0 0
0.00 0 0
0.00 0 0
 Ao 10 Ao 11 Ao 12 Ao 13 Ao 14 Ao 15
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
4,000.00 4,000.00 5,000.00 5,500.00 6,000.00 6,000.00

l
Cuota

0.00
0.00
0.00
1951.13
1951.13
1951.13
1951.13
1951.13
0
0
0
0
0
0
0
0
0
0
0
0
Ao 16 Ao 17 Ao 18 Ao 19 Ao 20
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
 Inicial Ao 1 Ao 2

Entradas dinero 55,000.00 18,200.00 14,410.00

Salidas dinero 55,000.00 15,148.14 15,148.14

Evolucin liquidez 0.00 3,051.86 2,313.72

Flujos de caja inversin -55,000.00 -5,800.00 -5,590.00

Flujos de caja proyecto -55,000.00 -8,800.00 -8,461.11

VAN proyecto 102,047.32

WACC proyecto
TIR proyecto 9.64%

WACC anual 4.55% 4.97% 5.22%

Escenario optimista
Flujos de caja proyecto -55,000.00 -7,750.00 -7,358.61
VAN proyecto 154,844.24
TIR proyecto 11.62%

Escenario pesimista
Flujos de caja proyecto -55,000.00 -9,850.00 -9,563.61
VAN proyecto 49,250.39
TIR proyecto 7.30%

Ao 1 Ao 2

EVA 1,700.00 2,000.22

BAIDI 4,200.00 4,410.00

Coste Capital 2,500.00 2,409.78

Ao 0 Ao 1 Ao 2

Payback proyecto -55,000.00 -63,800.00 -72,261.11

Ao 3 Ao 4 Ao 5 Ao 6 Ao 7

17,630.50 7,362.03 10,600.00 5,880.00 6,174.00

15,148.14 12,099.26 7,099.26 7,099.26 7,099.26

4,796.09 58.85 3,559.58 2,340.32 1,415.06

-5,369.50 -137.98 5,600.00 5,880.00 6,174.00

-8,103.99 -3,287.65 2,701.22 3,248.13 3,826.10

6.43%

5.44% 5.61% 5.88% 6.04% 6.20%

-6,946.37 -2,072.14 4,101.22 4,718.13 5,369.60

-9,261.62 -4,503.15 1,301.22 1,778.13 2,282.60

Ao 3 Ao 4 Ao 5 Ao 6 Ao 7

2,316.36 2,257.26 3,170.85 3,637.69 4,130.47

4,630.50 4,862.03 5,600.00 5,880.00 6,174.00

2,314.14 2,604.77 2,429.15 2,242.31 2,043.53

Ao 3 Ao 4 Ao 5 Ao 6 Ao 7

-80,365.10 -83,652.75 -80,951.53 -77,703.40 -73,877.30

Ao 8 Ao 9 Ao 10 Ao 11 Ao 12 Ao 13

6,482.70 6,806.84 7,700.00 8,085.00 8,489.25 8,913.71

7,099.26 5,148.14 8,848.14 9,233.14 8,637.39 8,561.85

798.49 2,457.19 1,309.05 160.91 12.77 364.64

6,482.70 6,806.84 7,700.00 8,085.00 8,489.25 8,913.71

4,436.92 5,082.50 6,181.10 6,783.85 7,418.92 8,088.05

6.37% 6.55% 6.66% 6.78% 6.91% 7.05%

6,057.60 6,784.21 8,106.10 8,805.10 9,541.23 10,316.48

2,816.25 3,380.79 4,256.10 4,762.60 5,296.61 5,859.62

Ao 8 Ao 9 Ao 10 Ao 11 Ao 12 Ao 13

4,650.66 5,199.80 6,236.77 6,774.20 7,340.02 7,935.75

6,482.70 6,806.84 7,700.00 8,085.00 8,489.25 8,913.71

1,832.04 1,607.03 1,463.23 1,310.80 1,149.23 977.96

Ao 8 Ao 9 Ao 10 Ao 11 Ao 12 Ao 13

-69,440.38 -64,357.88 -58,176.78 -51,392.93 -43,974.01 -35,885.96

Ao 14 Ao 15 Ao 16 Ao 17 Ao 18 Ao 19

9,359.40 9,827.37 10,318.74 10,834.67 11,376.41 11,945.23

8,507.54 8,975.51 4,318.74 4,834.67 5,376.41 5,945.23

1,216.50 2,068.36 8,068.36 14,068.36 20,068.36 26,068.36

9,359.40 9,827.37 10,318.74 10,834.67 11,376.41 11,945.23

8,793.08 9,535.96 10,318.74 10,834.67 11,376.41 11,945.23

7.20% 7.35% 7.50% 7.52% 7.54% 7.56%

11,132.93 11,992.81 12,898.42 13,543.34 14,220.51 14,931.53

6,453.24 7,079.12 7,739.05 8,126.00 8,532.31 8,958.92

Ao 14 Ao 15 Ao 16 Ao 17 Ao 18 Ao 19

8,562.98 9,223.39 9,918.74 10,434.67 10,976.41 11,545.23

9,359.40 9,827.37 10,318.74 10,834.67 11,376.41 11,945.23

796.42 603.98 400.00 400.00 400.00 400.00

Ao 14 Ao 15 Ao 16 Ao 17 Ao 18 Ao 19

-27,092.88 -17,556.91 -7,238.18 3,596.50 14,972.90 26,918.13

Ao 20 Valor residual

12,542.49
6,542.49

32,068.36

12,542.49 297,312.33
12,542.49 297,312.33

7.58%

15,678.11 371,640.42

9,406.87 222,984.25

Ao 20

12,142.49

12,542.49
400.00

Ao 20

39,460.62
 Evolucin liquidez

Evolucin liquidez
35,000.00
30,000.00
25,000.00
20,000.00
15,000.00 Evolucin
liquidez
10,000.00
5,000.00
0.00
Inicial

Ao 3
Ao 4
Ao 5
Ao 6

Ao 9

Ao 13
Ao 14
Ao 15

Ao 18
Ao 1
Ao 2

Ao 7
Ao 8

Ao 10
Ao 11
Ao 12

Ao 16
Ao 17

Ao 19
Ao 20
Recuperacin inversin

Payback proyecto
60,000.00
40,000.00
20,000.00
0.00
-20,000.00
-40,000.00
-60,000.00
-80,000.00
-100,000.00
Ao
Ao
0Ao
1Ao
2Ao
3Ao
4Ao
5Ao
6Ao
7Ao
8
Ao
9
Ao
10
Ao
11
Ao
12
Ao
13
Ao
14
Ao
15
Ao
16
Ao
17
Ao
18
Ao
1920
 dez
ucin

2,000.00
4,000.00
6,000.00
8,000.00
10,000.00
12,000.00
14,000.00

0.00
Ao 1
Ao 2
Ao 3
Ao 4
Ao 5
Ao 6
Ao 7
Ao 8
Ao 9
Ao 10
Ao 11
EVA

Ao 12
Ao 13
Ao 14
Ao 15
Creacin de valor

Ao 16
Ao 17
Ao 18
Ao 19
Ao 20
Ao 17
Ao 18
Ao 19
Ao 20