DATOS

Inversion Incial $120,000,000

Tiempo 7 Años
Salvamento 15% $18,000,000
Apalancamiento 40% $48,000,000
Tasa de Interes 12% EA

Ventas 500,000 Unidades

Precio $360 X Unidad
Incremento por Año 4%
spread(diferencial) 1.5% Anual

costos de materia prima $70

mano de obra directa $50
costos indirectos $30
spread (diferencial) 1.3% Anual

Costos Fijos $16,000,000

comisiones por ventas 1.50%

Inventario $15,000,000
Ventas Proyectadas 10%

Tasa de impuestos 35%

inflación proyectada 3.50%
TIO 19.2543% EA
 Estado de Resultad

Año 1
Inversión $ 120,000,000
Ingreso de Actividades ordinarias -$ 250,000,000 $180,000,000
Ventas $180,000,000
Cantidad $500,000
Precio $360
costo de ventas $75,000,000
Ganancia bruta $105,000,000

Gastos Operacionales $33,271,429

Costos Fijos $16,000,000
comisiones $2,700,000
Depreciación 10% $14,571,429

Utilidad Operacional $71,728,571

Otros Ingresos No Operacionales $0
Salvamento 15%

Otros Gastos No Operacionales $0

Utilidad antes de Impuestos $71,728,571

Impuestos $25,105,000

Utilidad Neta $46,623,571

Estado de Resultados

Año 2 Año 3 Año 4 Año 5 Año 6

$196,560,000 $214,643,520 $234,390,724 $255,954,670 $279,502,500

$196,560,000 $214,643,520 $234,390,724 $255,954,670 $279,502,500
$520,000 $540,800 $562,432 $584,929 $608,326
$378 $397 $417 $438 $459
$81,744,000 $89,094,420 $97,105,791 $105,837,543 $115,354,455
$114,816,000 $125,549,100 $137,284,933 $150,117,127 $164,148,045

$34,079,829 $34,930,681 $35,826,775 $36,771,117 $37,766,947

$16,560,000 $17,139,600 $17,739,486 $18,360,368 $19,002,981
$2,948,400 $3,219,653 $3,515,861 $3,839,320 $4,192,538
$14,571,429 $14,571,429 $14,571,429 $14,571,429 $14,571,429

$80,736,171 $90,618,418 $101,458,158 $113,346,010 $126,381,098

$0 $0 $0 $0 $0

$0 $0 $0 $0 $0

$80,736,171 $90,618,418 $101,458,158 $113,346,010 $126,381,098

$28,257,660 $31,716,446 $35,510,355 $39,671,104 $44,233,384

$52,478,511 $58,901,972 $65,947,802 $73,674,907 $82,147,714

 Año 7

$305,216,730
$305,216,730
$632,660
$482
$125,727,128
$179,489,602

$38,817,765
$19,668,085
$4,578,251
$14,571,429

$140,671,837
$18,000,000
$18,000,000

$0

$140,671,837

$49,235,143

$91,436,694
 TABLA AMORTIZACIÓN
Capital $48,000,000
n 7 Años
i 12% EA
A $10,517,651.32

Tiempo Saldo Inicial Cuota Capital Intereses

0
1 $48,000,000 $ 10,517,651 $ 4,757,651 $5,760,000
2 $43,242,349 $ 10,517,651 $ 5,328,569 $5,189,082
3 $37,913,779 $ 10,517,651 $ 5,967,998 $4,549,654
4 $31,945,781 $ 10,517,651 $ 6,684,158 $3,833,494
5 $25,261,624 $ 10,517,651 $ 7,486,256 $3,031,395
6 $17,775,367 $ 10,517,651 $ 8,384,607 $2,133,044
7 $9,390,760 $ 10,517,651 $ 9,390,760 $1,126,891
Saldo Final
$48,000,000
$43,242,349 $43,242,349 $5,760,000
$37,913,779
$31,945,781
$25,261,624
$17,775,367
$9,390,760
$0
 Flujo de caja de op

Año 1

Ingresos de Caja $180,000,000

Ventas $180,000,000
Cantidad $500,000
Precio $360

Salvamento

Egresos de Caja $120,000,000 $118,789,080

Inversión $120,000,000
Costos Fijos $16,000,000
Costos de Producción $75,000,000
materia prima $70 $150
mano de obra $50
costos indirectos $30
Comisiones $2,700,000
Pago Credito Intereses $5,760,000
Pago Credito IntereseCapital $4,757,651
Depreciacion $14,571,429

Flujo del Año -$120,000,000 $61,210,920

Flujo Acumulado -$120,000,000 -$58,789,080
Flujo de caja de operación.

Año 2 Año 3 Año 4 Año 5 Año 6

$196,560,000 $214,643,520 $234,390,724 $255,954,670 $279,502,500

$196,560,000 $214,643,520 $234,390,724 $255,954,670 $279,502,500

$520,000 $540,800 $562,432 $584,929 $608,326
$378 $397 $417 $438 $459

$126,341,480 $134,542,753 $143,450,218 $153,126,311 $163,639,054

$16,560,000 $17,139,600 $17,739,486 $18,360,368 $19,002,981

$81,744,000 $89,094,420 $97,105,791 $105,837,543 $115,354,455
$157 $165 $173 $181 $190

$2,948,400 $3,219,653 $3,515,861 $3,839,320 $4,192,538

$5,189,082 $4,549,654 $3,833,494 $3,031,395 $2,133,044
$5,328,569 $5,967,998 $6,684,158 $7,486,256 $8,384,607
$14,571,429 $14,571,429 $14,571,429 $14,571,429 $14,571,429

$70,218,520 $80,100,767 $90,940,506 $102,828,359 $115,863,446

$11,429,440 $91,530,207 $182,470,713 $285,299,072 $401,162,519
 Año 7

$323,216,730

$305,216,730
$632,660
$482

$18,000,000

$175,062,544

$19,668,085
$125,727,128
$199

$4,578,251
$1,126,891
$9,390,760
$14,571,429

$148,154,186
$549,316,705