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Capacidad 100,000.

00 70%
Ao 1.00 2.00 3.00
Produccin 70,000 70,000 90,000
Precio por unidad 15.00 15.00 15.00
Costo Unitario 6.33 6.33 6.33
Gasto Administrativo 300,000.00 300,000.00 400,000.00
Capital de Trabajo 120,000.00
Costos de Constitucin 22,000.00
Estudio de Factibilidad 15,000.00
Inversin Total 1,012,000.00
Ventas Pagadas 3%

Vida util
Terreno 80,000.00 Infinito
Edificios 220,000.00 30.00
Maquinaria 350,000.00 15.00
Vehiculos 145,000.00 5.00
Muebles y enseres 35,000.00 5.00
Equipo de comp. 25,000.00 3.00

Financiamiento 300,000.00
Plazo (aos) 5.00
Tasa 13%
Tasa de Oportunidad 15%

Acciones 712,000.00
Participacion Trabajadores 15%
Impuesto a la Renta 25%
90% 100% 100% 100% 100%
4.00 5.00 6.00 7.00 8.00
90,000 100,000 100,000 100,000 100,000
15.00 15.00 15.00 15.00 15.00
6.33 6.33 6.33 6.33 6.33
400,000.00 400,000.00 400,000.00 400,000.00 400,000.00
100% 100%
9.00 10.00
100,000 100,000
15.00 15.00
6.33 6.33
400,000.00 400,000.00
Concepto 0.00 1.00 2.00 3.00
Ventas Netas 0.00 1,050,000.00 1,050,000.00 1,350,000.00
Costos de Venta 0.00 474,600.00 474,600.00 610,200.00
Utilidad bruta 0.00 575,400.00 575,400.00 739,800.00
Gastos fijos 0.00 300,000.00 300,000.00 400,000.00
Depreciacin 0.00 75,000.00 75,000.00 75,000.00
UAII 0.00 200,400.00 200,400.00 264,800.00
Interes 0.00 39,000.00 32,981.73 26,181.09
UAI 0.00 161,400.00 167,418.27 238,618.91
Impuestos Renta 0.00 40,350.00 41,854.57 59,654.73
Utilidad antes Trabajadores 0.00 121,050.00 125,563.70 178,964.18
Reparticion a trabajadores 0.00 18,157.50 18,834.56 26,844.63
Utilidad neta 0.00 102,892.50 106,729.15 152,119.55
Dividendos 0.00 0.00 0.00 0.00
Adiccion Utilidades Retenidas 0.00 102,892.50 106,729.15 152,119.55
Utilidad Retenida 0.00 102,892.50 106,729.15 152,119.55
Menos Depreciacion 0.00 75,000.00 75,000.00 75,000.00
Pago Capital 0.00 46,294.36 52,312.63 59,113.27
Valor residual 0.00 0.00 0.00 0.00
Flujo de Efectivo 712,000.00 131,598.14 129,416.52 168,006.28

Anlisis para cuatro aos


Inversion
VAN
TIR (Tasa interna de retorno)

El poryecto no es rentable po
Tasa de negativo, y adems el TIR es muy
Oportunidad 15% la tasa de oportun

Anlisis para 10 aos


Inversion
VAN
TIR (Tasa interna de retorno)

El proyecto al ser analizado dura


rentable, puesto que su VAN es
interna de retorno es mayor a la t
Ao
4.00 5.00 6.00 7.00 8.00 9.00 10.00
1,350,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00
610,200.00 678,000.00 678,000.00 678,000.00 678,000.00 678,000.00 678,000.00
739,800.00 822,000.00 822,000.00 822,000.00 822,000.00 822,000.00 822,000.00
400,000.00 400,000.00 400,000.00 400,000.00 400,000.00 400,000.00 400,000.00
66,666.67 66,666.67 30,666.67 30,666.67 30,666.67 30,666.67 30,666.67
273,133.33 355,333.33 391,333.33 391,333.33 391,333.33 391,333.33 391,333.33
18,496.37 9,812.63 0.00 0.00 0.00 0.00 0.00
254,636.97 345,520.71 391,333.33 391,333.33 391,333.33 391,333.33 391,333.33
63,659.24 86,380.18 97,833.33 97,833.33 97,833.33 97,833.33 97,833.33
190,977.73 259,140.53 293,500.00 293,500.00 293,500.00 293,500.00 293,500.00
28,646.66 38,871.08 44,025.00 44,025.00 44,025.00 44,025.00 44,025.00
162,331.07 220,269.45 249,475.00 249,475.00 249,475.00 249,475.00 249,475.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
162,331.07 220,269.45 249,475.00 249,475.00 249,475.00 249,475.00 249,475.00
162,331.07 220,269.45 249,475.00 249,475.00 249,475.00 249,475.00 249,475.00
66,666.67 66,666.67 30,666.67 30,666.67 30,666.67 30,666.67 30,666.67
66,798.00 75,481.74 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 343,333.33
162,199.74 211,454.38 280,141.67 280,141.67 280,141.67 280,141.67 623,475.00

is para cuatro aos


ion 712,000.00
296,504.28
asa interna de retorno) -7%

poryecto no es rentable porque su VAN es


tivo, y adems el TIR es muy menor respecto a
la tasa de oportunidad

is para 10 aos
ion 712,000.00
360,380.56
asa interna de retorno) 24%

oyecto al ser analizado durante 10 aos, ya es


table, puesto que su VAN es positivo y la tasa
a de retorno es mayor a la tasa de oportunidad
Valor Vida til (aos) 1.00 2.00 3.00
Terreno 80,000.00 Infinito 0.00 0.00 0.00
Edificios 220,000.00 30.00 7,333.33 7,333.33 7,333.33
Maquinaria 350,000.00 15.00 23,333.33 23,333.33 23,333.33
Vehiculos 145,000.00 5.00 29,000.00 29,000.00 29,000.00
Muebles y enseres 35,000.00 5.00 7,000.00 7,000.00 7,000.00
Equipo de comp. 25,000.00 3.00 8,333.33 8,333.33 8,333.33
Total 75,000.00 75,000.00 75,000.00
4.00 5.00 6.00 7.00 8.00 9.00 10.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
7,333.33 7,333.33 7,333.33 7,333.33 7,333.33 7,333.33 7,333.33
23,333.33 23,333.33 23,333.33 23,333.33 23,333.33 23,333.33 23,333.33
29,000.00 29,000.00 0.00 0.00 0.00 0.00 0.00
7,000.00 7,000.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
66,666.67 66,666.67 30,666.67 30,666.67 30,666.67 30,666.67 30,666.67
Valor residual
80,000.00
146,666.67
116,666.67
0.00
0.00
0.00
343,333.33
Financiamiento 300,000.00
Plazo (aos) 5.00
Tasa 13%
Ao Interes Pago Aporte Capital Saldo
1 39,000.00 85,294.36 46,294.36 253,705.64
2 32,981.73 85,294.36 52,312.63 201,393.01
3 26,181.09 85,294.36 59,113.27 142,279.73
4 18,496.37 85,294.36 66,798.00 75,481.74
5 9,812.63 85,294.36 75,481.74 0.00