FLUJO DE CAJA -CASO CREDITO

0 1 2 3 4
Ingreso 100,000 120,000 126,000 128,520
Venta de activos
Costos variables -30,000 -36,000 -37,800 -38,556
Costos Fijos -20,000 -20,000 -20,000 -20,000
Depreciacion construccion -5,000 -5,000 -5,000 -5,000
Depreciacion maquinaria -10,000 -10,000 -10,000 -10,000
Valor libro
Costo financiero -5,400 -4,910 -4,377 -3,795
Amortizacion -5,440 -6,464 -7,046 -7,680
Utilidad 24,160 37,626 41,778 43,489
Impuesto -4,107 -6,396 -7,102 -7,393
Utilidad neta 20,052 31,229 34,676 36,096
Depreciacion construccion 5,000 5,000 5,000 5,000
Depreciacion maquinaria 10,000 10,000 10,000 10,000
Valor libro
Terreno -80,000
Construccion -200,000
Maquinaria -40,000
Capital de trabajo -25,000 -3,000 -900 -378 -386
Valor de desecho
Flujo de proyecto -345,000 32,052 45,329 49,298 50,711

Credito 60,000
interes 9% anual
plazo 8 años
Tabla de amortizacion
Periodo Saldo inicial Cuota interes abono Saldo final
1 60,000 10,840 5,400 5,440 54,560
2 54,560 10,840 4,910 5,930 48,629
3 48,629 10,840 4,377 6,464 42,166
4 42,166 10,840 3,795 7,046 35,120
5 35,120 10,840 3,161 7,680 27,440
6 27,440 10,840 2,470 8,371 19,070
7 19,070 10,840 1,716 9,124 9,945
8 9,945 10,840 895 9,945 0
CASO CREDITO
5 6 7 8 9 10
131,090 133,712 136,386 139,114 141,896 144,734
50,000
-39,327 -40,114 -40,916 -41,734 -42,569 -43,420
-20,000 -20,000 -20,000 -20,000 -20,000 -20,000
-5,000 -5,000 -5,000 -5,000 -5,000 -5,000
-10,000 -10,000 -10,000 -10,000 -10,000 -10,000
-40,000
-3,161 -2,470 -1,716 -895 0 0
-8,371 -9,124 -9,945 0 0 0
45,232 57,005 48,809 61,485 64,328 66,314
-7,689 -9,691 -8,298 -10,452 -10,936 -11,273
37,542 47,314 40,511 51,032 53,392 55,041
5,000 5,000 5,000 5,000 5,000 5,000
10,000 10,000 10,000 10,000 10,000 10,000

-100,000
-393 -401 -409 -417 -426 31,710
290,000
52,149 -38,087 55,102 65,615 67,966 391,751
 FLUJO DE CAJA -CASO LEASING
0 1 2 3 4
Ingreso 100,000 120,000 126,000 128,520
Venta de activos
Costos variables -30,000 -36,000 -37,800 -38,556
Costos Fijos -20,000 -20,000 -20,000 -20,000
Depreciacion construccion -5,000 -5,000 -5,000 -5,000
Depreciacion maquinaria -4,000 -4,000 -4,000 -4,000
Valor libro
Costo financiero -15,000 -15,000 -15,000 -15,000
Utilidad 26,000 40,000 44,200 45,964
Impuesto -4,420 -6,800 -7,514 -7,814
Utilidad neta 21,580 33,200 36,686 38,150
Depreciacion construccion 5,000 5,000 5,000 5,000
Depreciacion maquinaria 4,000 4,000 4,000 4,000
Valor libro
Terreno -80,000
Construccion -200,000
Maquinaria -40,000
Capital de trabajo -25,000 -3,000 -900 -378 -386
Valor de desecho
Flujo de proyecto -345,000 27,580 41,300 45,308 46,765

TIR 11.7%
1.116557 1.246700 1.392011 1.554260
VPN $ 345,000 24700.9333 33127.4689 32548.5912 30087.9957
B/C $ 1
ASO LEASING
5 6 7 8 9 10
131,090 133,712 136,386 139,114 141,896 144,734
20,000
-39,327 -40,114 -40,916 -41,734 -42,569 -43,420
-20,000 -20,000 -20,000 -20,000 -20,000 -20,000
-5,000 -5,000 -5,000 -5,000 -5,000 -5,000
-4,000 -4,000 -10,000 -10,000 -10,000 -10,000
-16,000
-15,000 -15,000 0 0 0 0
47,763 53,599 60,471 62,380 64,328 66,314
-8,120 -9,112 -10,280 -10,605 -10,936 -11,273
39,644 44,487 50,191 51,775 53,392 55,041
5,000 5,000 5,000 5,000 5,000 5,000
4,000 4,000 10,000 10,000 10,000 10,000
16,000

-100,000
-393 -401 -409 -417 -426 31,710
290,000
48,250 -30,914 64,781 66,358 67,966 391,751

1.735420 1.937695 2.163547 2.415723 2.697293 3.011681

27803.2193 -15954.186 29942.2087 27469.2042 25197.9161 130077.132