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# COK (modelo estndar CAPM) http://www.bloomberg.

com/markets/rate
bonds/government-bonds/us/
Tasa Libre de Riesgo 3.20%
me_Page/datafile/Betas.html

COK = Ri + (Rme-Ri)

COK = 24.70%

WACC

## WACC = COK x % (Cap/Act) + Ti x % (Pas/Act) x (1-t)

Cap/Act 60%
Pas/Act 40%
(1-t) 0.7

WACC 19%
USAR UNO DE LOS DOS
MTODOS
USAR ESTE

## http://www.bloomberg.com/markets/rates- Costo de Capital a partir de la Participacin Acc

bonds/government-bonds/us/ Capital (S/. O US\$)
Socia N 1 15,000.00
me_Page/datafile/Betas.html
Socia N 3 20,000.00
Socia N 4 5,000.00

Total 55,000.00

1500

ct) x (1-t)
R ESTE

## apital a partir de la Participacin Accionaria

Participacin % Tasa que exige Ponderado
27% 10% 3%
27% 11% 3%
36% 5% 2%
9% 8% 1%

100% 8%
Perodo
Elija el perodo. O anual
o mensual
Flujo de Caja Financiero
Inversin total 70000
Ingresos por Ventas
Costo de Ventas
Depreciacin
Gastos de Venta
Gastos Financieros
Impuestos
Poner la que Utilidad Neta Dmitri Koukharev:
corresponde Aqu va el financiamiento
que obtienen en la parte
Amortizacin de la Deuda del capculo de la cuota 15,000.00
Depreciacin
Tasa de Descuento Flujo de Caja -55,000.00
Anual 8.27%
Mensual 0.66% Descuento del Flujo de Cada
Factor

## VAN Mecanico -11,351.00

TIR -2.09%
Ene Feb Mar Abr May Jun Jul Ago
40,000.00 40,000.00 40,000.00 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00
76,860.00 - - - - - - -
-36,860.00 40,000.00 40,000.00 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00
1,600.00 - - - - - - -
20.00 - - - - - - -
5,420.00 800.00 800.00 140.00 140.00 140.00 140.00 140.00
-43,880.00 39,200.00 39,200.00 6,860.00 6,860.00 6,860.00 6,860.00 6,860.00
150.00 144.44 138.82 133.15 127.42 121.63 115.79 109.89
-44,030.00 39,055.56 39,061.18 6,726.85 6,732.58 6,738.37 6,744.21 6,750.11
11,716.67 11,718.35 2,018.06 2,019.77 2,021.51 2,023.26 2,025.03
-44,030.00 27,338.89 27,342.82 4,708.80 4,712.81 4,716.86 4,720.95 4,725.08

## 556.10 561.66 567.28 572.95 578.68 584.47 590.31 596.22

20.00 - - - - - - -
-44,566.10 26,777.23 26,775.54 4,135.84 4,134.12 4,132.39 4,130.63 4,128.86

## 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00

1.01 1.01 1.02 1.03 1.03 1.04 1.05 1.05
-44,271.89 26,424.85 26,248.75 4,027.71 3,999.45 3,971.38 3,943.49 3,915.78

mensual
Sep Oct Nov Dic Ene Feb Mar Abr
7,000.00 7,000.00 7,000.00 7,000.00 - - - -
- - - - - - - -
7,000.00 7,000.00 7,000.00 7,000.00 - - - -
- - - - - - - -
- - - - - - - -
140.00 140.00 140.00 140.00 - - - -
6,860.00 6,860.00 6,860.00 6,860.00 - - - -
103.92 97.90 91.82 85.68
6,756.08 6,762.10 6,768.18 6,774.32
2,026.82 2,028.63 2,030.45 2,032.30
4,729.25 4,733.47 4,737.73 4,742.03

## 602.18 608.20 614.28 620.43

- - - -
4,127.07 4,125.27 4,123.44 4,121.60

## 9.00 10.00 11.00 12.00

1.06 1.07 1.08 1.08
3,888.24 3,860.88 3,833.70 3,806.68
May Jun Jul Ago Sep Oct Nov Dic
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
1
Ene
Inversin total S/. 34,698.00

## Ingresos por Ventas S/.7,425.00

Costo de Ventas S/.1,635.00
Depreciacin S/.302.50
Gastos de Venta 0
Gastos Financieros 0
Impuestos 5% S/.146.88

## INVERSIN INICIAL COSTO PREVISTO

FOOD TRUCK S/.18,150.00 S/.17,847.50
Cocina con campana extractora. S/.12,000.00
Cooler 800
Repisas 400
Surtidor de bebidas 1500
1 MESA PLEGABLE Y 2 SILLAS S/.400.00
2 SARTENES PARA CREPES S/.188.00
2 BATIDORAS A MANO S/.60.00
2 ESPATULAS S/.20.00

TOTAL S/.34,698.00

Ene
OPERACIN MENSUAL COSTO PREVISTO
COCINERO S/.1,200.00
CAJERO - ASISTENTE S/.750.00
GAS x 45Kg S/.125.00
UTILES DE LIMPIEZA S/.75.00
AGUA S/.400.00
TOTAL S/.2,550.00

## INSUMO diario COSTO TOTAL

S/.5.00
1 Kg HUEVOS S/.6.00
1 Kg AZUCAR S/.5.00
1 Lt LECHE S/.4.00
250 Gr MANTEQUILLA S/.3.00
100 Ml VAINILLA S/.1.50
1/2 Kg SAL S/.5.00
TOTAL S/.54.50
PRECIO DE VENTA

## Insumo mensual (30 dias)

1 Kg HARINA DE TRIGO S/.150.00
1 Kg HUEVOS S/.180.00
1 Kg AZUCAR S/.150.00
1 Lt LECHE S/.120.00
250 Gr MANTEQUILLA S/.90.00
100 Ml VAINILLA S/.45.00
1/2 Kg SAL S/.150.00
TOTAL S/.1,635.00
PRECIO DE VENTA

## PRECIO PORCION PORCIONES DIA DIAS MES

S/.5 50 30
3 CREPRES = 1 PORCION

crepes 48 =

VENTA AL DIA
24 S/. 21.33
48 S/. 54.00
96 S/. 108.00
192 S/. 216.00
2 3 4 5 6 7
Feb Mar Abr May Jun Jul
0

## S/.7,425.00 S/.7,425.00 S/.7,425.00 S/.7,425.00 S/.7,425.00 S/.7,425.00

S/.1,635.00 S/.1,635.00 S/.1,635.00 S/.1,635.00 S/.1,635.00 S/.1,635.00
S/.5,790.00 S/.5,790.00 S/.5,790.00 S/.5,790.00 S/.5,790.00 S/.5,790.00
S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00
S/.302.50 S/.302.50 S/.302.50 S/.302.50 S/.302.50 S/.302.50
0 0 0 0 0 0
S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50
0 0 0 0 0 0
S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50
S/.146.88 S/.146.88 S/.146.88 S/.146.88 S/.146.88 S/.146.88
S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63

## S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63

S/. -29,116.75 S/. -26,326.13 S/. -23,535.50 S/. -20,744.88 ### S/. -15,163.63

## S/.17,545.00 S/.17,242.50 S/.16,940.00 S/.16,637.50 S/.16,335.00 S/.16,032.50

Feb Mar Abr May Jun Jul

## S/.1,200.00 S/.1,200.00 S/.1,200.00 S/.1,200.00 S/.1,200.00 S/.1,200.00

S/.750.00 S/.750.00 S/.750.00 S/.750.00 S/.750.00 S/.750.00
S/.125.00 S/.125.00 S/.125.00 S/.125.00 S/.125.00 S/.125.00
S/.75.00 S/.75.00 S/.75.00 S/.75.00 S/.75.00 S/.75.00
S/.400.00 S/.400.00 S/.400.00 S/.400.00 S/.400.00 S/.400.00
S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00

COSTO PORCIN*
S/.0.30
S/.0.36
S/.0.30
S/.0.24
S/.0.18
S/.0.09
S/.0.30
S/.3.30
S/.4.95 50%

S/.9.00
S/.10.80
S/.9.00
S/.7.20
S/.5.40
S/.2.70
S/.9.00
S/.99.00
S/.149

S/.60.00 30

7425
16 porciones

8
16
32
64
8 9 10 11 12 13 14
Ago Sep Oct Nov Dic Ene Feb

## S/.7,425.00 S/.7,425.00 S/.7,425.00 S/.7,425.00 S/.7,425.00 S/.7,425.00 S/.7,425.00

S/.1,635.00 S/.1,635.00 S/.1,635.00 S/.1,635.00 S/.1,635.00 S/.1,635.00 S/.1,635.00
S/.5,790.00 S/.5,790.00 S/.5,790.00 S/.5,790.00 S/.5,790.00 S/.5,790.00 S/.5,790.00
S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00
S/.302.50 S/.302.50 S/.302.50 S/.302.50 S/.302.50 S/.302.50 S/.302.50
0 0 0 0 0 0 0
S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50
0 0 0 0 0 0 0
S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50
S/.146.88 S/.146.88 S/.146.88 S/.146.88 S/.146.88 S/.146.88 S/.146.88
S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63

## S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63

S/. -12,373.00 S/. -9,582.38 S/. -6,791.75 S/. -4,001.13 S/. -1,210.50 S/. 1,580.13 S/. 4,370.75

## S/.15,730.00 S/.15,427.50 S/.15,125.00 S/.14,822.50 S/.14,520.00 S/.14,217.50 S/.13,915.00

Ago Sep Oct Nov Dic Ene Feb

## S/.1,200.00 S/.1,200.00 S/.1,200.00 S/.1,200.00 S/.1,200.00 S/.1,200.00 S/.1,200.00

S/.750.00 S/.750.00 S/.750.00 S/.750.00 S/.750.00 S/.750.00 S/.750.00
S/.125.00 S/.125.00 S/.125.00 S/.125.00 S/.125.00 S/.125.00 S/.125.00
S/.75.00 S/.75.00 S/.75.00 S/.75.00 S/.75.00 S/.75.00 S/.75.00
S/.400.00 S/.400.00 S/.400.00 S/.400.00 S/.400.00 S/.400.00 S/.400.00
S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00
15 16 17 18 19 20 21
Mar Abr May Jun Jul Ago Sep

## S/.7,425.00 S/.7,425.00 S/.7,425.00 S/.7,425.00 S/.7,425.00 S/.7,425.00 S/.7,425.00

S/.1,635.00 S/.1,635.00 S/.1,635.00 S/.1,635.00 S/.1,635.00 S/.1,635.00 S/.1,635.00
S/.5,790.00 S/.5,790.00 S/.5,790.00 S/.5,790.00 S/.5,790.00 S/.5,790.00 S/.5,790.00
S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00
S/.302.50 S/.302.50 S/.302.50 S/.302.50 S/.302.50 S/.302.50 S/.302.50
0 0 0 0 0 0 0
S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50
0 0 0 0 0 0 0
S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50 S/.2,937.50
S/.146.88 S/.146.88 S/.146.88 S/.146.88 S/.146.88 S/.146.88 S/.146.88
S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63

## S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63 S/.2,790.63

S/. 7,161.38 S/. 9,952.00 S/. 12,742.63 S/. 15,533.25 S/. 18,323.88 S/. 21,114.50 S/. 23,905.13

## S/.13,612.50 S/.13,310.00 S/.13,007.50 S/.12,705.00 S/.12,402.50 S/.12,100.00 S/.11,797.50

Mar Abr May Jun Jul Ago Sep

## S/.1,200.00 S/.1,200.00 S/.1,200.00 S/.1,200.00 S/.1,200.00 S/.1,200.00 S/.1,200.00

S/.750.00 S/.750.00 S/.750.00 S/.750.00 S/.750.00 S/.750.00 S/.750.00
S/.125.00 S/.125.00 S/.125.00 S/.125.00 S/.125.00 S/.125.00 S/.125.00
S/.75.00 S/.75.00 S/.75.00 S/.75.00 S/.75.00 S/.75.00 S/.75.00
S/.400.00 S/.400.00 S/.400.00 S/.400.00 S/.400.00 S/.400.00 S/.400.00
S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00 S/.2,550.00
22 23 24
Oct Nov Dic

## S/.7,425.00 S/.7,425.00 S/.7,425.00

S/.1,635.00 S/.1,635.00 S/.1,635.00
S/.5,790.00 S/.5,790.00 S/.5,790.00
S/.2,550.00 S/.2,550.00 S/.2,550.00
S/.302.50 S/.302.50 S/.302.50
0 0 0
S/.2,937.50 S/.2,937.50 S/.2,937.50
0 0 0
S/.2,937.50 S/.2,937.50 S/.2,937.50
S/.146.88 S/.146.88 S/.146.88
S/.2,790.63 S/.2,790.63 S/.2,790.63

Oct Nov Dic

## S/.1,200.00 S/.1,200.00 S/.1,200.00

S/.750.00 S/.750.00 S/.750.00
S/.125.00 S/.125.00 S/.125.00
S/.75.00 S/.75.00 S/.75.00
S/.400.00 S/.400.00 S/.400.00
S/.2,550.00 S/.2,550.00 S/.2,550.00
PESIMISTA NORMAL OPTIMIS

30 50 80
ene feb mar abr may jun

## Precio 100.00 100.00 100.00 100.00 100.00 100.00

Cantidad 400.00 400.00 400.00 70.00 70.00 70.00
Tasa de Crec -
Ventas 40,000.00 40,000.00 40,000.00 7,000.00 7,000.00 7,000.00
jul ago sep oct nov dic ene feb

## 100.00 100.00 100.00 100.00 100.00 100.00

70.00 70.00 70.00 70.00 70.00 70.00

## 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00

mar abr may jun jul ago sep oct
nov dic
ene feb mar abr

## Fabricacin Unitario 40.00 40.00 40.00 40.00

Total 73,200.00
Mochilas de Yute Unitario 2.00
Total 3,660.00
Costo 76,860.00 - - -
may jun jul ago sep oct nov dic

## 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00

- - - - - - - -
ene feb mar abr may jun jul ago

- 0 0 0 0 0 0 0
sep oct nov dic

## 0.35 0.35 0.35 0.35

0 0 0 0
ene feb mar abr may

Gastos de Venta
Flete 400.00
Recojo 20.00

## Empaque 300.00 En el caso de zapatos no hay mas gas

Gastos en imprimir catalogos 1,300.00
Imprimir los volantes 400.00
Costos para la feria 3,000.00
Sub Total 5,420.00
Crear un sitio web 1,600.00
Sueldos?
Otros?
Luz?
Almacen?

## Sub Total 1,600.00

7,020.00
jun jul ago sep oct nov dic ene

## tos no hay mas gastos? Ni de envio?

feb mar abr may jun jul ago sep
oct nov dic
Factor / Formula: i(1+i) ^n/
Capital 15,000.00 (1+i) ^n-1
Tasa Mens 1%

Num de Cuota 24

Factor 0.0471

## ene feb mar abr may

Saldo Capital 15,000.00 14,443.90 13,882.23 13,314.96 12,742.00 12,163.32
Cuota 706.10 706.10 706.10 706.10 706.10
Amortizacin 556.10 561.66 567.28 572.95 578.68
Inters 150.00 144.44 138.82 133.15 127.42
jun jul ago sep oct nov dic ene
11,578.85 10,988.54 10,392.32 9,790.14 9,181.94 8,567.66 7,947.23 7,320.60
706.10 706.10 706.10 706.10 706.10 706.10 706.10 706.10
584.47 590.31 596.22 602.18 608.20 614.28 620.43 626.63
121.63 115.79 109.89 103.92 97.90 91.82 85.68 79.47
feb mar abr may jun jul ago sep
6,687.71 6,048.48 5,402.87 4,750.79 4,092.20 3,427.02 2,755.19 2,076.64
706.10 706.10 706.10 706.10 706.10 706.10 706.10 706.10
632.90 639.23 645.62 652.07 658.59 665.18 671.83 678.55
73.21 66.88 60.48 54.03 47.51 40.92 34.27 27.55
oct nov dic
1,391.30 699.11 0.00
706.10 706.10 706.10
685.34 692.19 699.11
20.77 13.91 6.99