Precio
Cto. Var.
(+)
(+)
(-)
Items
Ingresos
Costos Variables
alojamiento y alimentacion
bolantes (publicidad)
gastos notariales
Costos Fijos
Margen operacional
Depreciacion edificio
edificio v/l
depreciacion equipamiento
marca activo intangible
U.A.I.
Impuesto
U.D.I.
Depreciacion edificio
depreciacion equipamiento
Inversion edificio
inversion equipamiento
inversion de activo intangible
Flujo de Caja Neto
Flujo de Caja Neto Acumulado
1000
200
80
1
60,000,000
-
96,000,000
22,000,000
2,000,000
120,000,000
120,000,000
Ko
19%
VP
VAN
TIR
PRC
258,077,273
138,077,273
43%
2 aos, 3 meses y 18 dias
26,400,000
5,000,000
3,000,000
25,000,000
50,600,000
3,200,000
2,200,000
166,667
45,366,667
8,619,667
36,747,000
3,200,000
2,200,000
42,147,000
77,853,000
1100
200
80
1122
200
80
2
65,000,000
-
28,600,000
25,000,000
61,400,000
3,200,000
2,200,000
166,667
56,166,667
10,671,667
45,495,000
3,200,000
2,200,000
50,895,000
26,958,000
1144
230
80
3
75,000,000
-
33,000,000
25,000,000
67,000,000
3,200,000
2,200,000
166,667
61,766,667
11,735,667
50,031,000
3,200,000
2,200,000
55,431,000
28,473,000
1167
230
80
4
85,000,000
-
37,400,000
25,000,000
72,600,000
3,200,000
2,200,000
166,667
67,366,667
12,799,667
54,567,000
3,200,000
2,200,000
59,967,000
88,440,000
1191
230
80
6
85,000,000
###
-
37,400,000
37,400,000
###
72,600,000
3,200,000
-
25,000,000
72,600,000
3,200,000
2,200,000
166,667
67,366,667
12,799,667
54,567,000
3,200,000
2,200,000
2,200,000
166,667
67,366,667
12,799,667
54,567,000
3,200,000
2,200,000
59,967,000
148,407,000
59,967,000
208,374,000
1214
230
80
1239
230
80
7
85,000,000
-
37,400,000
25,000,000
72,600,000
3,200,000
2,200,000
166,667
67,366,667
12,799,667
54,567,000
3,200,000
2,200,000
59,967,000
268,341,000
8
85,000,000
-
37,400,000
25,000,000
72,600,000
3,200,000
2,200,000
166,667
67,366,667
12,799,667
54,567,000
3,200,000
2,200,000
59,967,000
328,308,000
9
85,000,000
-
37,400,000
25,000,000
72,600,000
3,200,000
2,200,000
166,667
67,366,667
12,799,667
54,567,000
3,200,000
2,200,000
59,967,000
388,275,000
Unds
Precio
Cto. Var.
(+)
(+)
(-)
(-)
Items
Ingresos
Costos Variables
alojamiento y alimentacion
bolantes (publicidad)
gastos notariales
Costos Fijos
Margen operacional
Depreciacion edificio
edificio v/l
depreciacion equipamiento
marca activo intangible
Interes
U.A.I.
Impuesto
U.D.I.
Depreciacion edificio
depreciacion equipamiento
amortizacion del prestamo
Inversion edificio
inversion equipamiento
inversion de activo intangible
Flujo de Caja Neto
Flujo de Caja Neto Acumulado
1000
200
80
1
60,000,000
-
2,200,000
166,667
9,463,200
54,829,867
10,417,675
44,412,192
3,200,000
2,200,000
6,560,053
43,252,139
76,747,861
96,000,000
22,000,000
2,000,000
120,000,000
120,000,000
Ko
19%
VP
VAN
TIR
PRC
246,811,798
126,811,798
42%
2 aos, 3 meses y 18 dias
26,400,000
5,000,000
3,000,000
25,000,000
50,600,000
3,200,000
1100
200
80
1122
200
80
2
65,000,000
-
28,600,000
25,000,000
61,400,000
3,200,000
2,200,000
166,667
8,823,859
64,990,526
12,348,200
52,642,326
3,200,000
2,200,000
7,199,394
50,842,932
25,904,929
1144
230
80
3
75,000,000
-
33,000,000
25,000,000
67,000,000
3,200,000
2,200,000
166,667
8,122,105
69,888,772
13,278,867
56,609,905
3,200,000
2,200,000
7,901,148
54,108,757
28,203,828
1167
230
80
4
85,000,000
-
37,400,000
25,000,000
72,600,000
3,200,000
2,200,000
166,667
7,351,835
74,718,502
14,196,515
60,521,986
3,200,000
2,200,000
8,671,418
57,250,568
85,454,396
1191
230
80
6
85,000,000
###
-
37,400,000
37,400,000
###
72,600,000
3,200,000
-
25,000,000
72,600,000
3,200,000
2,200,000
166,667
6,506,348
73,873,015
14,035,873
59,837,142
3,200,000
2,200,000
9,516,905
2,200,000
166,667
5,578,287
72,944,954
13,859,541
59,085,413
3,200,000
2,200,000
10,444,966
55,720,237
141,174,633
54,040,447
195,215,080
1214
230
80
1239
230
80
7
85,000,000
-
37,400,000
25,000,000
72,600,000
3,200,000
2,200,000
166,667
4,559,575
71,926,242
13,665,986
58,260,256
3,200,000
2,200,000
6,382,674
57,277,582
252,492,661
8
85,000,000
-
37,400,000
25,000,000
72,600,000
3,200,000
2,200,000
166,667
3,959,604
71,326,270
13,551,991
57,774,279
3,200,000
2,200,000
6,982,645
56,191,634
308,684,295
9
85,000,000
-
37,400,000
25,000,000
72,600,000
3,200,000
2,200,000
166,667
3,303,235
70,669,902
13,427,281
57,242,620
3,200,000
2,200,000
7,639,014
55,003,607
363,687,902
BANCO REGIONAL
tasa
0.102
periodo
6
prestamo
22,000,000
periodo
0
1
2
3
4
5
6
cuota
interes
amortizacion saldo
5,081,004
22,000,000
5,081,004 2,244,000 2,837,004 19,162,996
5,081,004 1,954,626 3,126,379 16,036,617
5,081,004 1,635,735 3,445,269 12,591,348
5,081,004 1,284,317 3,796,687 8,794,661
5,081,004
897,055 4,183,949 4,610,712
5,081,004
470,293 4,610,712
0
22000000
76800000
98800000
22%
78%
100%
10.2%
9.4%
16%
44%
29.90%
BANCO DE LAGOS
tasa
periodo
prestamo
periodo
9.40%
8
76,800,000
cuota
0
1
2
3
4
5
6
7
8
9
10
11
12
interes
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 10,942,249
$ 7,219,200
$ 6,869,233
$ 6,486,370
$ 6,067,517
$ 5,609,293
$ 5,107,995
$ 4,559,575
$ 3,959,604
$ 3,303,235
$ 2,585,168
$ 1,799,602
$ 940,193
amortizacion saldo
$ 3,723,049
$ 4,073,015
$ 4,455,879
$ 4,874,731
$ 5,332,956
$ 5,834,254
$ 6,382,674
$ 6,982,645
$ 7,639,014
$ 8,357,081
$ 9,142,647
###
###
###
###
###
###
###
###
###
###
###
###
###
$0
bco regional
bco lagos
interes
$ 7,219,200 $ 6,869,233 $ 6,486,370 $ 6,067,517 $ 5,609,293 $ 5,107,995 $ 4,559,575 $ 3,959,604
2,244,000 1,954,626 1,635,735 1,284,317
897,055
470,293
9,463,200 8,823,859 8,122,105 7,351,835 6,506,348 5,578,287 4,559,575 3,959,604
$ 3,959,604
$ 3,303,235
$ 2,585,168
$ 1,799,602
$ 940,193
$ 12,587,801
amortizacion
2,837,004 3,126,379 3,445,269 3,796,687 4,183,949 4,610,712
$ 3,723,049 $ 4,073,015 $ 4,455,879 $ 4,874,731 $ 5,332,956 $ 5,834,254 $ 6,382,674 $ 6,982,645
- 6,560,053 - 7,199,394 - 7,901,148 - 8,671,418 - 9,516,905 -10,444,966 - 6,382,674 - 6,982,645
2,585,168
1,799,602
$ 940,193
940,193
ko
kd1(1-tax)d1/t+kd2(1-tax)d2/t+kss/t
0.19
12
21,200,000
periodo
cuota
0
1
2
3
4
5
6
7
8
9
10
11
12
interes
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
4,598,196
rentabilidad
4,028,000
3,919,663
3,790,742
3,637,325
3,454,760
3,237,507
2,978,976
2,671,325
2,305,219
1,869,554
1,351,112
734,166
4,598,196
amortizacion
570,196
678,533
807,454
960,870
1,143,436
1,360,689
1,619,219
1,926,871
2,292,976
2,728,642
3,247,084
3,864,030
saldo
21,200,000
20,629,804
19,951,271
19,143,817
18,182,947
17,039,511
15,678,823
14,059,603
12,132,732
9,839,756
7,111,114
3,864,030
0