FLUJO DE CAJA ECONÓMICO

Economía Inversión
Año Depreciación Principal Amortización Interés
líquida Accionistas

0 2,500,000
1 950,000 250,000
2 950,000 250,000
3 950,000 250,000
4 950,000 250,000
5 950,000 250,000
6 950,000 250,000
7 950,000 250,000
8 950,000 250,000
9 950,000 250,000
10 950,000 250,000

FLUJO DE CAJA FINANCIERO. FINANCIAMIENTO A UNA TASA DE 30% ANUAL

Economía Inversión
Año Depreciación Principal Amortización Interés
líquida Accionistas

0 1,500,000 1,000,000
1 950,000 250,000 1,363,636 136,364 450,000
2 950,000 250,000 1,227,273 136,364 409,091
3 950,000 250,000 1,090,909 136,364 368,182
4 950,000 250,000 954,545 136,364 327,273
5 950,000 250,000 818,182 136,364 286,364
6 950,000 250,000 681,818 136,364 245,455
7 950,000 250,000 545,455 136,364 204,545
8 950,000 250,000 409,091 136,364 163,636
9 950,000 250,000 272,727 136,364 122,727
10 950,000 250,000 136,364 136,364 81,818

Participación de Utilidades
Pesca, telecomunicaciones e industriales 10%
Mineras, comercio y restaurantes 8%
Otras 5%
 Participación Impuesto a la
Renta
Deuda Trabajadores renta (30%) Valor de rescate Flujo de caja
tributable (10%)
-2,500,000
0 700,000 70,000 189,000 691,000
0 700,000 70,000 189,000 691,000
0 700,000 70,000 189,000 691,000
0 700,000 70,000 189,000 691,000
0 700,000 70,000 189,000 691,000
0 700,000 70,000 189,000 691,000
0 700,000 70,000 189,000 691,000
0 700,000 70,000 189,000 691,000
0 700,000 70,000 189,000 691,000
0 700,000 70,000 189,000 4,935,714 5,626,714
VAN 2,435,714
TIR 29.9%
COK 14%
Tasa banco 0%

Participación Impuesto a la
Renta
Deuda Trabajadores renta (30%) Valor de rescate Flujo de caja
tributable (10%)
-2,500,000
586,364 250,000 25,000 67,500 407,500
545,455 290,909 29,091 78,545 433,273
504,545 331,818 33,182 89,591 459,045
463,636 372,727 37,273 100,636 484,818
422,727 413,636 41,364 111,682 510,591
381,818 454,545 45,455 122,727 536,364
340,909 495,455 49,545 133,773 562,136
300,000 536,364 53,636 144,818 587,909
259,091 577,273 57,727 155,864 613,682
218,182 618,182 61,818 166,909 4,567,532 5,206,987
VAN 1,321,296
TIR 22.2%
COK 14%
Tasa banco 30%