0 1 2

(+) INGRESOS
(+) VALOR DE SALVAMENTO
(-) COSTO FIJO
(-) COSTO VARIABLE
(-) COMISION
(-) GASTOS ADMINISTRATIVO Y VENTA
(-) DEPRECIACION NORMAL
(-) VALOR LIBRO
(-) AMORTIZACIÓN ACTIVO NOMINAL
(=) UTILIDAD ANTES DE IMPUESTO
(-) T.A.X (35%)
(=) UTILIDAD DESPUES DE IMPUESTO
(+) DEPRECIACION NORMAL
(+) AMORTIZACION ACTIVO NOMINAL
(+) VALOR LIBRO
(-) INVERSION -$100,000,000 -$350,000,000 -$350,000,000
(-) PUESTA EN MARCHA -$60,000,000
(-) CAPITAL DE TRABAJO -$115,916,667
(+) RECUPERACION DE CAPITAL DE TRABAJO
(=) FLUJO DE CAJA -$100,000,000 -$350,000,000 -$525,916,667
ACUMULADA DE FLUJO DE CAJA -$100,000,000 -$450,000,000 -$975,916,667

V.A.N -$44,842,900.25
T.I.R 8%
PAYBACK 9NO AÑO DE PRODUCCIÓN

0 1 2
(-)MAQUINARIA
(-)OBRAS FISICAS
(-)MAQUINARIA AMPLIADA
(-)OBRAS FISICAS AMPLIADA
Σ
 PRODUCIR AMPLIACIÓN
3 4 5 6 7 8
$525,000,000 $525,000,000 $525,000,000 $525,000,000 $525,000,000 $630,000,000

-$60,000,000 -$60,000,000 -$60,000,000 -$60,000,000 -$60,000,000 -$60,000,000

-$240,000,000 -$240,000,000 -$240,000,000 -$240,000,000 -$240,000,000 -$288,000,000
-$15,750,000 -$15,750,000 -$15,750,000 -$15,750,000 -$15,750,000 -$18,900,000
-$32,000,000 -$32,000,000 -$32,000,000 -$32,000,000 -$32,000,000 -$32,000,000
-$47,500,000 -$47,500,000 -$47,500,000 -$47,500,000 -$47,500,000 -$67,000,000

-$15,000,000 -$15,000,000 -$15,000,000 -$15,000,000 -$15,000,000

$114,750,000 $114,750,000 $114,750,000 $114,750,000 $114,750,000 $164,100,000
-$40,162,500 -$40,162,500 -$40,162,500 -$40,162,500 -$40,162,500 -$57,435,000
$74,587,500 $74,587,500 $74,587,500 $74,587,500 $74,587,500 $106,665,000
$47,500,000 $47,500,000 $47,500,000 $47,500,000 $47,500,000 $67,000,000
$15,000,000 $15,000,000 $15,000,000 $15,000,000 $15,000,000

-$290,000,000

-$17,050,000

$137,087,500 $137,087,500 $137,087,500 $137,087,500 -$169,962,500 $173,665,000

-$838,829,167 -$701,741,667 -$564,654,167 -$427,566,667 -$597,529,167 -$423,864,167

TABLA DEPRECIACIÓN NORMAL

PRODUCIR AMPLIACION
3 4 5 6 7 8
-$25,000,000 -$25,000,000 -$25,000,000 -$25,000,000 -$25,000,000 -$25,000,000
-$22,500,000 -$22,500,000 -$22,500,000 -$22,500,000 -$22,500,000 -$22,500,000
-$10,000,000
-$9,500,000
-$47,500,000 -$47,500,000 -$47,500,000 -$47,500,000 -$47,500,000 -$67,000,000
 9 10 11 12
$630,000,000 $630,000,000 $630,000,000 $630,000,000
$300,000,000
-$60,000,000 -$60,000,000 -$60,000,000 -$60,000,000
-$288,000,000 -$288,000,000 -$288,000,000 -$288,000,000
-$18,900,000 -$18,900,000 -$18,900,000 -$18,900,000
-$32,000,000 -$32,000,000 -$32,000,000 -$32,000,000
-$67,000,000 -$67,000,000 -$67,000,000 -$67,000,000
-$417,500,000

$164,100,000 $164,100,000 $164,100,000 $46,600,000

-$57,435,000 -$57,435,000 -$57,435,000 -$16,310,000
$106,665,000 $106,665,000 $106,665,000 $30,290,000
$67,000,000 $67,000,000 $67,000,000 $67,000,000

$417,500,000

$132,966,667
$173,665,000 $173,665,000 $173,665,000 $647,756,667
-$250,199,167 -$76,534,167 $97,130,833 $744,887,500

9 10 11 12 VALOR LIBRO
-$25,000,000 -$25,000,000 -$25,000,000 -$25,000,000 $0
-$22,500,000 -$22,500,000 -$22,500,000 -$22,500,000 -$225,000,000
-$10,000,000 -$10,000,000 -$10,000,000 -$10,000,000 -$50,000,000
-$9,500,000 -$9,500,000 -$9,500,000 -$9,500,000 -$142,500,000.00
-$67,000,000 -$67,000,000 -$67,000,000 -$67,000,000 -$417,500,000
 0 1
(+) INGRESOS
(+) VALOR DE SALVAMENTO
(-) COSTO FIJO
(-) COSTO VARIABLE
(-) COMISION
(-) GASTOS ADMINISTRATIVO Y VENTA
(-) DEPRECIACION NORMAL
(-) VALOR LIBRO
(-) AMORTIZACIÓN ACTIVO NOMINAL
(=) UTILIDAD ANTES DE IMPUESTO
(-) T.A.X (35%)
(=) UTILIDAD DESPUES DE IMPUESTO
(+) DEPRECIACION NORMAL
(+) AMORTIZACION ACTIVO NOMINAL
(+) VALOR LIBRO
(-) INVERSION -$100,000,000 -$350,000,000
(-) PUESTA EN MARCHA
(-) CAPITAL DE TRABAJO
(+) RECUPERACION DE CAPITAL DE TRABAJO
(=) FLUJO DE CAJA -$100,000,000 -$350,000,000
ACUMULADA DE FLUJO DE CAJA -$100,000,000 -$450,000,000

V.A.N $3,812,003.51
T.I.R 9%
PAYBACK 8NO AÑO DE PRODUCCIÓN

0 1
(-)MAQUINARIA
(-)OBRAS FISICAS
(-)MAQUINARIA AMPLIADA
(-)OBRAS FISICAS AMPLIADA
Σ
 PRODUCIR
2 3 4 5 6 7
$525,000,000 $525,000,000 $525,000,000 $525,000,000 $525,000,000

-$60,000,000 -$60,000,000 -$60,000,000 -$60,000,000 -$60,000,000

-$240,000,000 -$240,000,000 -$240,000,000 -$240,000,000 -$240,000,000
-$15,750,000 -$15,750,000 -$15,750,000 -$15,750,000 -$15,750,000
-$32,000,000 -$32,000,000 -$32,000,000 -$32,000,000 -$32,000,000
-$158,333,333 -$158,333,333 -$158,333,333 -$75,000,000 -$75,000,000

-$15,000,000 -$15,000,000 -$15,000,000 -$15,000,000 -$15,000,000

$3,916,667 $3,916,667 $3,916,667 $87,250,000 $87,250,000
-$1,370,833 -$1,370,833 -$1,370,833 -$30,537,500 -$30,537,500
$2,545,833 $2,545,833 $2,545,833 $56,712,500 $56,712,500
$158,333,333 $158,333,333 $158,333,333 $75,000,000 $75,000,000
$15,000,000 $15,000,000 $15,000,000 $15,000,000 $15,000,000

-$350,000,000 -$290,000,000
-$60,000,000
-$115,916,667 -$17,050,000

-$525,916,667 $175,879,167 $175,879,167 $175,879,167 $146,712,500 -$160,337,500

-$975,916,667 -$800,037,500 -$624,158,333 -$448,279,167 -$301,566,667 -$461,904,167

ÑO DE PRODUCCIÓN

TABLA DEPRECIACIÓN ACELERADA

PRODUCIR
2 3 4 5 6 7
-$83,333,333 -$83,333,333 -$83,333,333
-$75,000,000 -$75,000,000 -$75,000,000 -$75,000,000 -$75,000,000

-$158,333,333 -$158,333,333 -$158,333,333 -$75,000,000 -$75,000,000

AMPLIACIÓN
8 9 10 11 12
$630,000,000 $630,000,000 $630,000,000 $630,000,000 $630,000,000
$300,000,000
-$60,000,000 -$60,000,000 -$60,000,000 -$60,000,000 -$60,000,000
-$288,000,000 -$288,000,000 -$288,000,000 -$288,000,000 -$288,000,000
-$18,900,000 -$18,900,000 -$18,900,000 -$18,900,000 -$18,900,000
-$32,000,000 -$32,000,000 -$32,000,000 -$32,000,000 -$32,000,000
-$140,000,000 -$65,000,000 -$65,000,000 -$31,666,667 -$31,666,667
-$31,666,667

$91,100,000 $166,100,000 $166,100,000 $199,433,333 $467,766,666

-$31,885,000 -$58,135,000 -$58,135,000 -$69,801,667 -$163,718,333
$59,215,000 $107,965,000 $107,965,000 $129,631,667 $304,048,333
$140,000,000 $65,000,000 $65,000,000 $31,666,667 $31,666,667

$31,666,667

$132,966,667
$199,215,000 $172,965,000 $172,965,000 $161,298,333 $500,348,333
-$262,689,167 -$89,724,167 $83,240,833 $244,539,167 $744,887,500

AMPLIACION
8 9 10 11 12 VALOR LIBRO
$0
-$75,000,000 $0
-$33,333,333 -$33,333,333 -$33,333,333 $0
-$31,666,667 -$31,666,667 -$31,666,667 -$31,666,667 -$31,666,667 $31,666,666.67
-$140,000,000 -$65,000,000 -$65,000,000 -$31,666,667 -$31,666,667 $31,666,667