Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Casos - Soluo
Breno de Campos
Verso
12
Ano 0
INVESTIMENTO
ECONOMIA LQUIDA
80.00
250.00
Consumo EE Proposta
150.00
120.00
140.00
CUSTOS ANUAIS
960.00
960.00
0.00
0.00
960.00
960.00
960.00
960.00
100.00
-20.00
-
LUCRO OPERACIONAL
VALOR RESIDUAL
FLUXO CAIXA DO PROJETO
PAYBACK
Ano 2
-7,000.00
Consumo EE Atual
RENTABILIDADE DO PROJETO
Ano 1
-7,000.00
12.39% aa
7.29 anos
8.00%
Ano 3
Ano 4
Ano 5
Ano 6
Ano 7
Ano 8
Ano 9
960.00
960.00
960.00
960.00
960.00
960.00
960.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
Ano 10
Ano 11
Ano 12
Ano 13
Ano 14
Ano 15
Ano 16
960.00
960.00
960.00
960.00
960.00
960.00
960.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
Ano 17
Ano 18
Ano 19
Ano 20
960.00
960.00
960.00
960.00
0.00
0.00
0.00
0.00
960.00
960.00
960.00
960.00
960.00
960.00
960.00
0.00
960.00
Ano 0
INVESTIMENTO
CAPITAL DE GIRO
RECEITA LQUIDA
Ano 1
Ano 2
1.30
78,000
78,000
1.00
-60,000
-60,000
500.00
-6,000
-6,000
12,000
12,000
-5,200
-5,200
6,800
6,800
-1,632
-1,632
5,168
5,168
5,200
5,200
10,368
10,368
-30,000
-600
5,000
CUSTOS VARIVEIS
CUSTOS FIXOS
LUCRO OPERACIONAL
DEPRECIAO (Vida til : 5 anos)
LUCRO TRIBUTVEL
IMP. RENDA/CONTRIB. SOC.
24.0%
LUCRO LQUIDO
Ajustes
DEPRECIAO
VALOR RESIDUAL - VENDA DO VECULO
RECUPERAO CAPITAL DE GIRO
FLUXO CAIXA DO PROJETO
RENTABILIDADE DO PROJETO
O Projeto
-30,600
23.15% aa
Vivel
Economicamente
PAYBACK
2.95 anos
I B/C
1.31
12.00%
Ano 3
Ano 4
Ano 5
78,000
78,000
78,000
-60,000
-60,000
-60,000
-6,000
-6,000
-6,000
12,000
12,000
12,000
-5,200
-5,200
-5,200
6,800
6,800
6,800
-1,632
-1,632
-1,632
5,168
5,168
5,168
5,200
5,200
10,368
10,368
5,200
4,000
600
14,968
VPL DO PROJETO :
9,384.48
Ano 0
INVESTIMENTO
CAPITAL DE GIRO
RECEITA LQUIDA
Ano 1
Ano 2
2.10
100,800
100,800
1.45
-69,600
-69,600
800.00
-9,600
-9,600
21,600
21,600
-8,400
-8,400
13,200
13,200
-3,168
-3,168
10,032
10,032
8,400
8,400
18,432
18,432
-50,000
-700
4,000
CUSTOS VARIVEIS
CUSTOS FIXOS
LUCRO OPERACIONAL
DEPRECIAO (Vida til : 5 anos)
LUCRO TRIBUTVEL
IMP. RENDA/CONTRIB. SOC.
24.0%
LUCRO LQUIDO
Ajustes
DEPRECIAO
VALOR RESIDUAL - VENDA DO VECULO
RECUPERAO CAPITAL DE GIRO
FLUXO CAIXA DO PROJETO
RENTABILIDADE DO PROJETO
O Projeto
-50,700
26.56% aa
Vivel
Economicamente
PAYBACK
2.75 anos
I B/C
1.41
12.00%
Ano 3
Ano 4
Ano 5
100,800
100,800
100,800
-69,600
-69,600
-69,600
-9,600
-9,600
-9,600
21,600
21,600
21,600
-8,400
-8,400
-8,400
13,200
13,200
13,200
-3,168
-3,168
-3,168
10,032
10,032
10,032
8,400
8,400
18,432
18,432
8,400
8,000
700
27,132
VPL DO PROJETO :
20,679.85
Ano 0
INVESTIMENTO
CAPITAL DE GIRO
RECEITA LQUIDA
Ano 1
Ano 2
6.00
72,000
72,000
2.00
-24,000
-24,000
1,500.00
-18,000
-18,000
30,000
30,000
-10,000
-10,000
20,000
20,000
-4,800
-4,800
15,200
15,200
10,000
10,000
25,200
25,200
-80,000
-500
1,000
CUSTOS VARIVEIS
CUSTOS FIXOS
LUCRO OPERACIONAL
DEPRECIAO (Vida til : 5 anos)
LUCRO TRIBUTVEL
IMP. RENDA/CONTRIB. SOC.
24.0%
LUCRO LQUIDO
Ajustes
DEPRECIAO
VALOR RESIDUAL - VENDA DO VECULO
RECUPERAO CAPITAL DE GIRO
FLUXO CAIXA DO PROJETO
RENTABILIDADE DO PROJETO
O Projeto
-80,500
23.51% aa
Vivel
Economicamente
PAYBACK
3.19 anos
I B/C
1.34
12.00%
Ano 3
Ano 4
Ano 5
72,000
72,000
72,000
-24,000
-24,000
-24,000
-18,000
-18,000
-18,000
30,000
30,000
30,000
-10,000
-10,000
-10,000
20,000
20,000
20,000
-4,800
-4,800
-4,800
15,200
15,200
15,200
10,000
10,000
25,200
25,200
10,000
30,000
500
55,700
VPL DO PROJETO :
27,646.88
Ano 0
INVESTIMENTO
CAPITAL DE GIRO
RECEITA LQUIDA
Ano 1
Ano 2
30.00
120,000
120,000
10.38
-41,523
-41,523
78,477
78,477
-17,500
-17,500
60,977
60,977
-20,732
-20,732
40,245
40,245
17,500
17,500
57,745
57,745
-350,000
-35,000
4,000
CUSTOS VARIVEIS
LUCRO OPERACIONAL
DEPRECIAO (Vida til : 20 anos)
20
LUCRO TRIBUTVEL
IMP. RENDA/CONTRIB. SOC.
34.0%
LUCRO LQUIDO
Ajustes
DEPRECIAO
VALOR RESIDUAL
RECUPERAO CAPITAL DE GIRO
FLUXO CAIXA DO PROJETO
RENTABILIDADE DO PROJETO
O Projeto
-385,000
14.00% aa
Vivel
Economicamente
PAYBACK
6.67 anos
I B/C
1.00
14.00%
Ano 3
Ano 4
Ano 5
Ano 6
Ano 7
Ano 8
Ano 9
120,000
120,000
120,000
120,000
120,000
120,000
120,000
-41,523
-41,523
-41,523
-41,523
-41,523
-41,523
-41,523
78,477
78,477
78,477
78,477
78,477
78,477
78,477
-17,500
-17,500
-17,500
-17,500
-17,500
-17,500
-17,500
60,977
60,977
60,977
60,977
60,977
60,977
60,977
-20,732
-20,732
-20,732
-20,732
-20,732
-20,732
-20,732
40,245
40,245
40,245
40,245
40,245
40,245
40,245
17,500
17,500
17,500
17,500
17,500
17,500
17,500
57,745
57,745
57,745
57,745
57,745
57,745
57,745
VPL DO PROJETO :
-
Ano 10
Ano 11
Ano 12
Ano 13
Ano 14
Ano 15
Ano 16
120,000
120,000
120,000
120,000
120,000
120,000
120,000
-41,523
-41,523
-41,523
-41,523
-41,523
-41,523
-41,523
78,477
78,477
78,477
78,477
78,477
78,477
78,477
-17,500
-17,500
-17,500
-17,500
-17,500
-17,500
-17,500
60,977
60,977
60,977
60,977
60,977
60,977
60,977
-20,732
-20,732
-20,732
-20,732
-20,732
-20,732
-20,732
40,245
40,245
40,245
40,245
40,245
40,245
40,245
17,500
17,500
17,500
17,500
17,500
17,500
17,500
57,745
57,745
57,745
57,745
57,745
57,745
57,745
Ano 17
Ano 18
Ano 19
Ano 20
120,000
120,000
120,000
120,000
-41,523
-41,523
-41,523
-41,523
78,477
78,477
78,477
78,477
-17,500
-17,500
-17,500
-17,500
60,977
60,977
60,977
60,977
-20,732
-20,732
-20,732
-20,732
40,245
40,245
40,245
40,245
17,500
17,500
17,500
57,745
57,745
57,745
17,500
0
35,000
92,745
Ano 0
INVESTIMENTO
CAPITAL DE GIRO
RECEITA LQUIDA
Ano 1
Ano 2
150.00
900,000
900,000
50.00
-300,000
-300,000
600,000
600,000
-50,000
-50,000
550,000
550,000
-187,000
-187,000
363,000
363,000
50,000
50,000
413,000
413,000
-1,000,000
-100,000
6,000
CUSTOS VARIVEIS
LUCRO OPERACIONAL
DEPRECIAO (Vida til : 20 anos)
20
LUCRO TRIBUTVEL
IMP. RENDA/CONTRIB. SOC.
34.0%
LUCRO LQUIDO
Ajustes
DEPRECIAO
VALOR RESIDUAL
RECUPERAO CAPITAL DE GIRO
FLUXO CAIXA DO PROJETO
RENTABILIDADE DO PROJETO
O Projeto
-1,100,000
37.49% aa
Vivel
Economicamente
PAYBACK
2.66 anos
I B/C
2.49
14.00%
Ano 3
Ano 4
Ano 5
Ano 6
Ano 7
Ano 8
Ano 9
900,000
900,000
900,000
900,000
900,000
900,000
900,000
-300,000
-300,000
-300,000
-300,000
-300,000
-300,000
-300,000
600,000
600,000
600,000
600,000
600,000
600,000
600,000
-50,000
-50,000
-50,000
-50,000
-50,000
-50,000
-50,000
550,000
550,000
550,000
550,000
550,000
550,000
550,000
-187,000
-187,000
-187,000
-187,000
-187,000
-187,000
-187,000
363,000
363,000
363,000
363,000
363,000
363,000
363,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
413,000
413,000
413,000
413,000
413,000
413,000
413,000
VPL DO PROJETO :
1,642,629
Ano 10
Ano 11
Ano 12
Ano 13
Ano 14
Ano 15
Ano 16
900,000
900,000
900,000
900,000
900,000
900,000
900,000
-300,000
-300,000
-300,000
-300,000
-300,000
-300,000
-300,000
600,000
600,000
600,000
600,000
600,000
600,000
600,000
-50,000
-50,000
-50,000
-50,000
-50,000
-50,000
-50,000
550,000
550,000
550,000
550,000
550,000
550,000
550,000
-187,000
-187,000
-187,000
-187,000
-187,000
-187,000
-187,000
363,000
363,000
363,000
363,000
363,000
363,000
363,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
413,000
413,000
413,000
413,000
413,000
413,000
413,000
Ano 17
Ano 18
Ano 19
Ano 20
900,000
900,000
900,000
900,000
-300,000
-300,000
-300,000
-300,000
600,000
600,000
600,000
600,000
-50,000
-50,000
-50,000
-50,000
550,000
550,000
550,000
550,000
-187,000
-187,000
-187,000
-187,000
363,000
363,000
363,000
363,000
50,000
50,000
50,000
413,000
413,000
413,000
50,000
0
100,000
513,000
Ano 0
INVESTIMENTO
RECEITA LQUIDA
-720,000
100,000
CUSTOS VARIVEIS
0.62
738,563
34,000
-408,000
LUCRO OPERACIONAL
330,563
DEPRECIAO
LUCRO TRIBUTVEL
34.0%
LUCRO LQUIDO
Ajustes
DEPRECIAO
FLUXO CAIXA DO PROJETO
VPL DO PROJETO :
-240,000
90,563
RENTABILIDADE DO PROJETO
O Projeto
Ano 1
-30,791
59,771
-720,000
12.00% aa
Vivel
Economicamente
-
240,000
299,771
Ano 3
738,563
738,563
-408,000
-408,000
330,563
330,563
-240,000
-240,000
90,563
90,563
-30,791
-30,791
59,771
59,771
240,000
299,771
240,000
299,771
Ano 0
Ano 1
Ano 2
Ano 3
Ano 4
Ano 5
85.0%
-1,000,000
95.0%
4,000,000
4,000,000
4,000,000
4,000,000
4,000,000
4,470,588
470,588
-50,000
420,588
-200,000
220,588
-75,000
145,588
200,000
4,470,588
470,588
-50,000
420,588
-200,000
220,588
-75,000
145,588
200,000
4,470,588
470,588
-50,000
420,588
-200,000
220,588
-75,000
145,588
200,000
4,470,588
470,588
-50,000
420,588
-200,000
220,588
-75,000
145,588
200,000
4,470,588
470,588
-50,000
420,588
-200,000
220,588
-75,000
145,588
200,000
-1,000,000
345,588
345,588
345,588
345,588
345,588
RENTABILIDADE
VPL :
IB/C :
PAYBACK
5
34.0%
21.51% aa
245,768.25
1.25
2.89 anos
O Projeto
TMA
Vivel
Economicamente
12.00%
Ano 0
Ano 1
Ano 2
Ano 3
Ano 4
Ano 5
85.0%
-1,300,000
97.0%
4,000,000
4,000,000
4,000,000
4,000,000
4,000,000
4,564,706
564,706
-30,000
534,706
-260,000
274,706
-93,400
181,306
260,000
4,564,706
564,706
-30,000
534,706
-260,000
274,706
-93,400
181,306
260,000
4,564,706
564,706
-30,000
534,706
-260,000
274,706
-93,400
181,306
260,000
4,564,706
564,706
-30,000
534,706
-260,000
274,706
-93,400
181,306
260,000
4,564,706
564,706
-30,000
534,706
-260,000
274,706
-93,400
181,306
260,000
5
34.0%
-1,300,000
441,306
20.69% aa
290,808.94
1.22
2.95 anos
441,306
O Projeto
TMA
441,306
Vivel
12.00%
441,306
441,306
Economicamente
Year 0
300,000
92.00%
83.00%
2,440
Operating Revenue
Production Units per Hour
Revenue per unit of production
Total Cost
Tires
Repair Cost
Min - first year
-40,000
-67,000
-60,000
10
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
276,000
252,000
228,000
204,000
180,000
180,000
156,000
156,000
132,000
132,000
108,000
108,000
84,000
84,000
60,000
60,000
0.920
0.910
0.900
0.890
0.880
0.870
0.860
0.850
0.840
0.830
2,245
2,220
2,196
2,172
2,147
2,123
2,098
2,074
2,050
2,025
219,990
217,599
215,208
212,817
210,426
208,034
205,643
203,252
200,861
198,470
28.00
28.00
28.00
28.00
28.00
28.00
28.00
28.00
28.00
28.00
3.50
3.50
3.50
3.50
3.50
3.50
3.50
3.50
3.50
3.50
-95,200
-97,600
-110,000
-102,400
-114,800
-107,200
-119,600
-112,000
-124,400
-116,800
-10,000
-10,000
-10,000
-10,000
-40,000
-43,000
-46,000
-49,000
-52,000
-55,000
-58,000
-61,000
-64,000
-67,000
-300,000
Mechanical Availability
Year 1
34.00%
-55,200
-54,600
-54,000
-53,400
-52,800
-52,200
-51,600
-51,000
-50,400
-49,800
124,790
119,999
105,208
110,417
95,626
100,834
86,043
91,252
76,461
81,670
-24,000
-24,000
-24,000
-24,000
-24,000
-24,000
-24,000
-24,000
-24,000
-24,000
100,790
95,999
81,208
86,417
71,626
76,834
62,043
67,252
52,461
57,670
-34,269
-32,640
-27,611
-29,382
-24,353
-26,124
-21,095
-22,866
-17,837
-19,608
66,522
24,000
63,359
24,000
53,597
24,000
57,035
24,000
47,273
24,000
50,711
24,000
40,949
24,000
44,386
24,000
34,624
24,000
68,386
58,624
38,062
24,000
60,000
122,062
142,624
-300,000
90,522
87,359
77,597
81,035
71,273
74,711
64,949
-300,000
90,522
87,359
77,597
81,035
71,273
74,711
64,949
68,386
-300,000
90,522
87,359
77,597
81,035
71,273
74,711
64,949
176,386
-300,000
90,522
87,359
77,597
81,035
71,273
74,711
196,949
-300,000
90,522
87,359
77,597
81,035
71,273
230,711
-300,000
90,522
87,359
77,597
81,035
251,273
10
NPV : ($)
99,776
114,524
124,579
136,109
143,921
152,930
NUS ($/pa)
27,679
27,855
27,298
27,399
27,011
27,066
WACC
12.00%
Resale at year
11/24/2016
338069627.xlsx
40,000
SU
Valor de
Revenda
Ano
Ano 1
Ano 2
Ano 3
Ano 4
32,000
30,000
26,000
23,000
-11,500
Gastos
anuais
-12,000
2,000
5,000
7,000
8,000
-12,500
-13,000
-13,500
-14,000
-14,500
-15,000
Description
Compra
Gastos anuais
Venda
Fluxo de Caixa 4 anos
Fluxo de Caixa 3 anos
Fluxo de Caixa 2 anos
Fluxo de Caixa 1 ano
Ano 0
Ano 1
Ano 2
Ano 3
Ano 4
-2,000
-5,000
-7,000
-8,000
-2,000
-2,000
-2,000
30,000
-5,000
-5,000
25,000
-7,000
19,000
15,000
-40,000
23,000
-40,000
-40,000
-40,000
-40,000
Utilizao (anos)
VPL : ($)
4
-41,221.37
3
2
1
-32,247.86 -21,855.87 -13,214.29
SUL ($/ano)
-13,571.50
WACC
12.00%
SUL ($/ano)
-11,500
-12,000
-12,500
-13,000
-13,500
-14,000
-14,500
-15,000
Cronograma de Investimento
A
B
C
D
E
A
B
C
D
E
Perodos
80,000
30,000
20,000
70,000
50,000
250,000
X
X
X
X
X
X
X
X
X
X
Per.
1
2
3
4
5
6
1
100.00
50.00
30.00
20.00
14.29
10.71
2
50.00
40.00
30.00
22.86
17.86
3
30.00
30.00
25.70
21.43
4
20.00
22.86
21.43
80,000
30,000
20,000
70,000
50,000
11,432
18,288
3,213
20,560
5,358
18,288
6,429
6,000
11,432
6,429
8,000
250,000
-11,432
-21,501
-25,918
-30,717
338069627.xlsx
-25,861
X
X
X
X
X
X
5
14.29
17.86
6
10.71
5,358
6,000
21,000
3,213
-32,358
X
X
Total
100.00
100.00
100.00
100.00
100.00
100.00
28,000
15,000
21,000
20,000
15,000
-46,213
-41,000
-15,000
II - COMPRA FINANCIADA
Perc. Financiado
Taxa de Juros (%aa)
Prazo (anos) / SAC
1,000,000
Dados Adicionais
Aliquota de IR/CSLL
Vida til p/ Depreciao (anos)
Utilizao (anos)
Valor de Revenda do Equipamento (R$)
34.0%
10
5
650,000
III - ALUGUEL
20,000
22,000
24,000
26,000
28,000
10.00%
VPL
Deciso
-558,277.34
-364,319.54 Melhor Alternativa
-450,345.47
DISCRIMINAO
Compra Vista do Equipamento
Vida til
Utilizao
Gastos Operacionais
Depreciao
Valor Contbil do Equip.
Valor de Revenda do Equipamento
Lucro/Prejuzo c/ Venda
Variao do Lucro Tributvel da Empresa
Efeito Fiscal
Fluxo de Caixa
DISCRIMINAO
Compra Financiada do Equipamento
Vida til
Utilizao
Gastos Operacionais
Depreciao
Valor Contbil do Equip.
Valor de Revenda do Equipamento
Lucro/Prejuzo c/ Venda
Financiamento
Saldo Devedor
Juros
Amortizao
Variao do Lucro Tributvel da Empresa
Efeito Fiscal
Ano 0
Ano 1
-1,000,000
10
5
-20,000
-100,000
900,000
-1,000,000
-120,000
40,800
20,800
Ano 0
Ano 1
34.0%
100.0%
10
5
-1,000,000
-20,000
-100,000
900,000
1,000,000
3.0%
5
34.0%
800,000
-30,000
-200,000
-150,000
51,000
Fluxo de Caixa
DISCRIMINAO
Aluguel do Equipamento
Vida til
Utilizao
Gastos Operacionais
Depreciao
Valor Contbil do Equip.
Valor de Revenda do Equipamento
Lucro/Prejuzo c/ Venda
Aluguel do Equipamento
Variao do Lucro Tributvel da Empresa
Efeito Fiscal
Fluxo de Caixa
-199,000
Ano 0
Ano 1
0
10
5
0
0
0
34.0%
0
-180,000
-180,000
61,200
-118,800
Breno de Campos
QUIPAMENTOS
II - COMPRA FINANCIADA
Perc. Financiado
100.0%
Taxa de Juros (%aa)
3.00%
Prazo (anos) / SAC
5
III - ALUGUEL
VPL
-100,000
-200,000
-300,000
-400,000
-500,000
-600,000
Ano 2
Ano 3
Ano 4
Ano 5
-22,000
-100,000
800,000
-24,000
-100,000
700,000
-26,000
-100,000
600,000
-122,000
41,480
19,480
-124,000
42,160
18,160
-126,000
42,840
16,840
-28,000
-100,000
500,000
650,000
150,000
22,000
-7,480
614,520
Ano 2
Ano 3
Ano 4
Ano 5
-22,000
-100,000
800,000
-24,000
-100,000
700,000
-26,000
-100,000
600,000
-28,000
-100,000
500,000
650,000
150,000
600,000
-24,000
-200,000
-146,000
49,640
400,000
-18,000
-200,000
-142,000
48,280
200,000
-12,000
-200,000
-138,000
46,920
0
-6,000
-200,000
16,000
-5,440
-196,360
-193,720
-191,080
410,560
Ano 2
Ano 3
Ano 4
Ano 5
0
0
0
0
0
0
0
0
0
-180,000
-180,000
61,200
-118,800
-180,000
-180,000
61,200
-118,800
-180,000
-180,000
61,200
-118,800
0
0
0
0
0
-180,000
-180,000
61,200
-118,800
Ano 0
INVESTIMENTO
CAPITAL DE GIRO
RECEITA LQUIDA
100
40,000.00
30,000.00
CUSTOS FIXOS
4,000,000
4,000,000
-3,000,000 -3,000,000
600,000.00
LUCRO OPERACIONAL
DEPRECIAO (Vida til : 20 anos)
10
LUCRO TRIBUTVEL
IMP. RENDA/CONTRIB. SOC.
34.0%
LUCRO LQUIDO
Ajustes
DEPRECIAO
VALOR RESIDUAL
RECUPERAO CAPITAL DE GIRO
FLUXO CAIXA DO PROJETO
-3,000,000
6.37% aa
Invivel
Economicamente
PAYBACK
9.23 anos
I B/C
0.67
Ano 2
-2,000,000
-1,000,000
CUSTOS VARIVEIS
RENTABILIDADE DO PROJETO
O Projeto
Ano 1
14.00%
-600,000
-600,000
400,000
400,000
-180,000
-180,000
220,000
220,000
-74,800
-74,800
145,200
145,200
180,000
180,000
325,200
325,200
Ano 3
Ano 4
Ano 5
Ano 6
Ano 7
Ano 8
Ano 9
4,000,000
4,000,000
4,000,000
4,000,000
4,000,000
4,000,000
4,000,000
-3,000,000
-600,000
-600,000
-600,000
-600,000
-600,000
-600,000
-600,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
-180,000
-180,000
-180,000
-180,000
-180,000
-180,000
-180,000
220,000
220,000
220,000
220,000
220,000
220,000
220,000
-74,800
-74,800
-74,800
-74,800
-74,800
-74,800
-74,800
145,200
145,200
145,200
145,200
145,200
145,200
145,200
180,000
180,000
180,000
180,000
180,000
180,000
180,000
325,200
325,200
325,200
325,200
325,200
325,200
325,200
VPL DO PROJETO :
(980,027)
Ano 10
4,000,000
-3,000,000
-600,000
400,000
-180,000
220,000
-74,800
145,200
180,000
200,000
1,000,000
1,525,200
Ano 0
INVESTIMENTO
CAPITAL DE GIRO
RECEITA BRUTA
IMPOSTO SIMPLES
Ano 1
Ano 2
509,747
509,747
-50,975
-50,975
458,773
458,773
-254,874
-254,874
-180,000
-180,000
-60,000
-40,000
5,097
98
100.00
10.0%
RECEITA LQUIDA
CUSTOS VARIVEIS
50.00
CUSTOS FIXOS
Aluguel
3,000.00
-36,000
-36,000
Mo de Obra
4,000.00
-48,000
-48,000
Outras Despesas
4,000.00
-48,000
-48,000
Pr-labore
4,000.00
-48,000
-48,000
LUCRO OPERACIONAL
23,899
23,899
LUCRO LQUIDO
Ajustes
VALOR RESIDUAL
RECUPERAO CAPITAL DE GIRO
FLUXO CAIXA DO PROJETO
23,899
23,899
23,899
23,899
RENTABILIDADE DO PROJETO
TAXA MNIMA DE ATRATIVIDADE
-100,000
15.00% aa
15.00%
Ano 4
Ano 5
509,747
509,747
509,747
-50,975
-50,975
-50,975
458,773
458,773
458,773
-254,874
-254,874
-254,874
-180,000
-180,000
-180,000
-36,000
-36,000
-36,000
-48,000
-48,000
-48,000
-48,000
-48,000
-48,000
-48,000
-48,000
-48,000
23,899
23,899
23,899
23,899
23,899
23,899
23,899
0
40,000
63,899
23,899
VPL DO PROJETO :
(0.00)
CERVEJARIA
DISCRIMINAO
Ano 0
INVESTIMENTO
CAPITAL DE GIRO
RECEITA BRUTA
Ano 2
70
-286,500
-177,945
16,000
7.00
1,344,000
1,344,000
4.00
-768,000
-768,000
-147,145
-147,145
-147,145
-119,078
-119,078
309,777
309,777
309,777
309,777
309,777
309,777
CUSTOS VARIVEIS
CUSTOS FIXOS
IMPOSTOS Regime Simples
Ano 1
8.86%
-464,445
TIR
66.49% aa
Vivel
Economicamente
1.50 anos
18 meses
14.00%
Ano 3
Ano 4
Ano 5
Ano 6
Ano 7
Ano 8
Ano 9
1,344,000
1,344,000
1,344,000
1,344,000
1,344,000
1,344,000
1,344,000
-768,000
-768,000
-768,000
-768,000
-768,000
-768,000
-768,000
-147,145
-147,145
-147,145
-147,145
-147,145
-147,145
-147,145
-119,078
-119,078
-119,078
-119,078
-119,078
-119,078
-119,078
309,777
309,777
309,777
309,777
309,777
309,777
309,777
309,777
309,777
309,777
309,777
309,777
309,777
309,777
309,777
309,777
309,777
309,777
309,777
309,777
309,777
VPL DO PROJETO :
1,212,872.64
Ano 10
1,344,000
-768,000
-147,145
-119,078
309,777
309,777
50,000
177,945
537,721
Ano 0
INVESTIMENTO - CAPEX
0.0%
Direitos de Explorao
-51,500,000
Ano 1
-753,500,000
Ano 2
-1,072,500,000
Ano 3
-1,622,500,000
Ano 4
Ano 5
Ano 6
Ano 7
-3,500,000,000
-51,500,000
Engenharia e Suprimentos
Obras Civis
-85,000,000
-85,000,000
-600,000,000
-800,000,000
-60,000,000
-90,000,000
-1,400,000,000
-147,500,000
Equip.de Mina
Comissionamento
-15,000,000
10.0%
-68,500,000
-97,500,000
150.00
150.00
5.0%
5.0%
RECEITA
0.0%
30,000,000
-180,000,000
0.0%
0.0%
Ramp-up
Aumento/Reduo de Preo
0.0%
-20,000,000
0.0%
40.00
CFEM
0.00%
LUCRO OPERACIONAL
-20,000,000
40.00
0,50% ??
DEPRECIAO
LUCRO TRIBUTVEL
4,500,000,000
4,500,000,000
80%
100%
100%
100%
1.00
1.00
1.00
-1,220,000,000
-1,220,000,000
1.00
-1,220,000,000
-20,000,000
-20,000,000
-20,000,000
-20,000,000
-960,000,000
-1,200,000,000
-1,200,000,000
-1,200,000,000
2,620,000,000
3,280,000,000
3,280,000,000
3,280,000,000
-368,000,000
-368,000,000
-368,000,000
-368,000,000
2,912,000,000
2,252,000,000
2,912,000,000
2,912,000,000
34.0%
-765,680,000
-990,080,000
-990,080,000
-990,080,000
-51,500,000
1,486,320,000
368,000,000
1,809,320,000
1,921,920,000
368,000,000
2,289,920,000
1,921,920,000
368,000,000
2,289,920,000
1,921,920,000
368,000,000
2,289,920,000
RENTABILIDADE DO PROJETO
O Projeto
0
4,500,000,000
-980,000,000
LUCRO LQUIDO
Ajuste - DEPRECIAO
FLUXO CAIXA DO PROJETO
-45,000,000
3,600,000,000
Vivel
-753,500,000
42.48% aa
Economicamente
11.00%
-1,072,500,000
-1,802,500,000
VPL DO PROJETO :
8,668,672,342
Ano 8
Ano 9
Ano 10
Ano 11
Ano 12
Ano 13
Ano 14
Ano 15
Ano 16
Ano 17
Ano 18
-175,000,000
0
225,000,000
4,500,000,000
4,500,000,000
4,500,000,000
4,500,000,000
4,500,000,000
4,500,000,000
4,500,000,000
4,500,000,000
4,500,000,000
4,500,000,000
4,500,000,000
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
-1,220,000,000
-1,220,000,000
-1,220,000,000
-1,220,000,000
-1,220,000,000
-1,220,000,000
-1,220,000,000
-1,220,000,000
-1,220,000,000
-1,220,000,000
1.00
-1,220,000,000
-20,000,000
-20,000,000
-20,000,000
-20,000,000
-20,000,000
-20,000,000
-20,000,000
-20,000,000
-20,000,000
-20,000,000
-20,000,000
-1,200,000,000
-1,200,000,000
-1,200,000,000
-1,200,000,000
-1,200,000,000
-1,200,000,000
-1,200,000,000
-1,200,000,000
-1,200,000,000
-1,200,000,000
-1,200,000,000
3,280,000,000
3,280,000,000
3,280,000,000
3,280,000,000
3,280,000,000
3,280,000,000
3,280,000,000
3,280,000,000
3,280,000,000
3,280,000,000
3,280,000,000
-368,000,000
-258,000,000
-258,000,000
-258,000,000
-258,000,000
-258,000,000
-109,000,000
-109,000,000
-109,000,000
-109,000,000
-109,000,000
2,912,000,000
3,022,000,000
3,022,000,000
3,022,000,000
3,022,000,000
3,022,000,000
3,171,000,000
3,171,000,000
3,171,000,000
3,171,000,000
3,171,000,000
-990,080,000
-1,027,480,000
-1,027,480,000
-1,027,480,000
-1,027,480,000
-1,027,480,000
-1,078,140,000
-1,078,140,000
-1,078,140,000
-1,078,140,000
-1,078,140,000
1,921,920,000
368,000,000
2,289,920,000
1,994,520,000
258,000,000
2,252,520,000
1,994,520,000
258,000,000
2,252,520,000
1,994,520,000
258,000,000
2,252,520,000
1,994,520,000
258,000,000
2,252,520,000
1,994,520,000
258,000,000
2,252,520,000
2,092,860,000
109,000,000
2,201,860,000
2,092,860,000
109,000,000
2,201,860,000
2,092,860,000
109,000,000
2,201,860,000
2,092,860,000
109,000,000
2,201,860,000
2,092,860,000
109,000,000
2,251,860,000