a)

$ 1,450,000 $ 1,450,000 $ 1,450,000 $ 1,450,000 $ 1,450,000

1 2 3 4 5

-$ 110,000,000

TIR VPN
0 -$ 110,000,000 -$ 110,000,000
1 $ 1,450,000 1439042.40241895
2 $ 1,450,000 1428167.61100669
3 $ 1,450,000 1417375
4 $ 1,450,000 1406663.94836452
5 $ 1,450,000 1396033.83975904
6 $ 2,450,000 2340990.3125
7 $ 1,450,000 1375014.00952632
8 $ 1,450,000 1364623.07836446
9 $ 1,450,000 1354310.67109375
10 $ 1,450,000 1344076.19431198
11 $ 1,450,000 1333919.05910126
12 $ 2,450,000 2236830.8747832
-19% -$ 91,562,953

b)

40.26% ea

$ 120,000,000.00
= $ 43,165.47
$ 2,780.00
 6.79% ea

$ 2,780.00 $ 2,968.81 x

TIR VPN
0 $ (120,000,000.00) $ (120,000,000.00)
1 $ 179,742,492.43 164103492.47684
50% $ 44,103,492.48

c)

$ - $ 28,000,000 $ 28,000,000 $ 28,000,000 $ 25,000,000

1 2 3 4 5

-$ 150,000,000

TIR VPN
0 -$ 150,000,000 -$ 150,000,000
1 $ - 0
2 $ 28,000,000 27578409.0401292
3 $ 28,000,000 27370000
4 $ 28,000,000 27163165.8994529
5 $ 25,000,000 24069548.9613628
6 $ 25,000,000 23887656.25
7 $ 25,000,000 23707138.0952814
8 $ - 0
 9 $ - 0
10 $ - 0
11 $ 54,000,000 49676985.6492884
12 $ 54,000,000 49301578.4646094
9% $ 102,754,482

d)
12
12 1
2.89% NA MA 4.50%
0.24% MA 2.25%
0.24% MV 2.30%
2.94% EA 9.53%
102.94%

INVERSION $ 130,000,000

TIR VPN
0 $ (130,000,000.00) $ (130,000,000.00)
1 $ 133,816,479.71 122173401.375103
2.94% $ (7,826,598.62)
$ 1,000,000
$ 1,450,000 $ 1,450,000 $ 1,450,000 $ 1,450,000 $ 1,450,000 $ 1,450,000

6 7 8 9 10 11

2
6 3
4.50% NS TA
2.25% TA
2.30% TV
0.76% MV

VF= $ 43,165.47 x 1 + 40.26%

VF= $ 43,165.47 x 140.26%
VF= $ 60,543.71

3
3 1
8.34% NT MA
2.78% MA
2.86% MV
40.26% EA
VF= $ 2,780.00 x 1 + 6.79%
VF= $ 2,780.00 x 106.79%
VF= $ 2,968.81

$ 60,543.71 = $ 179,742,492.43

3.34% SV
6.79% EA

2
6 3
4.50% NS TA
2.25% TA
2.30% TV
9.53% EA

$ 25,000,000 $ 25,000,000 $ - $ - $ - $ 54,000,000

6 7 8 9 10 11

2
6 3
4.50% NS TA
2.25% TA
2.30% TV
0.76% MV
 2
6 3
NS TA
TA
TV
EA
$ 1,000,000
$ 1,450,000

12
$ 54,000,000

12