ESTRUCTURA DE INVERSION

INVERSION
Terreno
Edificaciones
Mat. Y Equipos
Mano de Obra
Capital de Trabajo
Publicidad
Maquinarias
Leasing
Compra
Total

Valor de
Venta
###

IGV = 18%

IGV

Aos
Deprec.
Desembolso deprec Deprec. Acum. en
Precio Vta
Inicial
.
anual
5 aos
### 205,000.00
0
0.00
0.00

Valor
IGV
Residual
Vent
Contable
a
205,000.00
0

### 21,355.93
###
35,000.00
35,000.00
###
###
67,796.61 12,203.39 80,000.00

140,000.00
35,000.00
200,000.00
80,000.00

32 3,707.63 18,538.14
32 1,093.75 5,468.75
0
0.00
0.00
0
0.00
0.00

100,105.93
29,531.25
200,000.00
0.00

0
0
0
0

###
###
33,898.31 6,101.69 40,000.00
### 39,661.02
###

40,000.00
700,000.00

3
###
###
10 3,389.83 16,949.15
###
###

0.00
16,949.15
551,586.33 0.00

Banco Sur callao (Prestamo para Capital de trabajo)

Monto
$280,000.00
TEA(ao1)
17.50%
TEA(ao2 y 3)
16.00%
Capitalizacion (m)
12
aos (n)
3
cuotas (n x m)
36
tasa mensual (ao 1)
1.3530%
tasa mensual (ao 2 y 3)
1.2445%
Comisiones
$45.00
Periodos de gracia
2

1/m

im=(1+TEA 1 ) 1

Meses cuota 1
Cuota 1
Meses cuota 2
Cuota 2

Per
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36

34
$10,328.79
24
$10,198.21

Saldo
$280,000.00
$280,000.00
$280,000.00
$273,459.53
$266,830.57
$260,111.93
$253,302.38
$246,400.70
$239,405.64
$232,315.94
$225,130.32
$217,847.48
$210,466.11
$202,887.17
$195,213.92
$187,445.17
$179,579.74
$171,616.42
$163,553.99
$155,391.23
$147,126.88
$138,759.68
$130,288.35
$121,711.59
$113,028.10
$104,236.53
$95,335.55
$86,323.80
$77,199.90
$67,962.45
$58,610.04
$49,141.24
$39,554.59
$29,848.64
$20,021.90
$10,072.86

Amortiz.

Interes

$6,540.47
$6,628.96
$6,718.65
$6,809.55
$6,901.68
$6,995.06
$7,089.70
$7,185.62
$7,282.84
$7,381.37
$7,578.93
$7,673.26
$7,768.75
$7,865.43
$7,963.32
$8,062.42
$8,162.76
$8,264.35
$8,367.20
$8,471.33
$8,576.76
$8,683.50
$8,791.56
$8,900.98
$9,011.75
$9,123.90
$9,237.45
$9,352.41
$9,468.80
$9,586.64
$9,705.95
$9,826.74
$9,949.04
$10,072.86

3,788.32
3,788.32
$3,788.32
$3,699.83
$3,610.14
$3,519.24
$3,427.11
$3,333.73
$3,239.09
$3,143.17
$3,045.95
$2,947.42
$2,619.28
$2,524.96
$2,429.46
$2,332.78
$2,234.89
$2,135.79
$2,035.45
$1,933.87
$1,831.01
$1,726.88
$1,621.46
$1,514.72
$1,406.65
$1,297.24
$1,186.46
$1,074.31
$960.76
$845.80
$729.41
$611.57
$492.26
$371.47
$249.18
$125.36

Cuota Comisiones
$280,000.00
$45.00
$45.00
$10,328.79
$45.00
$10,328.79
$45.00
$10,328.79
$45.00
$10,328.79
$45.00
$10,328.79
$45.00
$10,328.79
$45.00
$10,328.79
$45.00
$10,328.79
$45.00
$10,328.79
$45.00
$10,328.79
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00
$10,198.21
$45.00

Cuota Total
-$280,000.00
$3,833.32
$3,833.32
$10,373.79
$10,373.79
$10,373.79
$10,373.79
$10,373.79
$10,373.79
$10,373.79
$10,373.79
$10,373.79
$10,373.79
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21
$10,243.21

TIR mensual
TIR anual

1.3327%
17.219%

Emision de Bonos VAC

Monto
# de Bonos
TEA
AO
DIAS
m
n
1/m
mxn
J/m

Perodo
0
1
2
3
4
5
6
7
8
9
10

Bono
10,000.00
10,124.23
10,250.00
10,377.33
10,506.25
10,636.77
10,768.91
10,876.06
10,984.28
11,093.58

220,000.00
22
8.50%
360
180
2
5
0.5
10
4.163%

Bono Indexado

Intereses del
Cupn

10,124.23
10,250.00
10,377.33
10,506.25
10,636.77
10,768.91
10,876.06
10,984.28
11,093.58
11,203.97

421.51
426.74
432.04
437.41
442.84
448.35
452.81
457.31
461.86
466.46

Gastos de
Comis
Flotacin
Bca.Inv
$105.84 $86.00

Gastos de flotacion
Inflacion (aos 1-3)
Inflacion semest(ao 1-3)
Inflacion (aos 4-5)
Inflacion semest(ao 4-5)
Prima de redencion
Valor nominal del bono
Valor de cotizacion
Comisin Banca de Inversi

Prima de
redencin

336.12

Flujo Final
10,608.16
-421.51
-426.74
-432.04
-437.41
-442.84
-448.35
-452.81
-457.31
-461.86
-12,006.55

TIR semestral 0.04876297

TIR anual
0.09990377

Emision de Acciones Comune 200,000.00

D1 (dividendo esperado)
Po (cotizacion actual accion)
Gastos de Flotacion
Gastos de Colocacion
Tasa de crecimiento (g)
Ke =

K e=

D1
Pn

0.46
2.65
0.00098
0
0.038
21.176%

+g

D 0 ( 1+ g )
K e=
+g
P0 (1(C f +C e+ Cc ))

Precio de Venta
Valor Venta
TEA
Ao
Dias
m
n
1/m
m*n
J/m
Periodo de gracia
Meses cuota
Cuota
Opcion de compra
Igv
Prima de seguro

Per
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36

Saldo

Amortiz.

###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
$96,677.08
$92,495.13
$88,273.49
$84,011.80
$79,709.66
$75,366.71
$70,982.54
$66,556.78
$62,089.02
$57,578.87
$53,025.92
$48,429.77
$43,790.00
$39,106.21
$34,377.98
$29,604.88
$24,786.49
$19,922.38
$15,012.12
$10,055.26
$5,051.37

$0.00
$3,664.02
$3,698.79
$3,733.89
$3,769.32
$3,805.08
$3,841.19
$3,877.64
$3,914.43
$3,951.58
$3,989.07
$4,026.92
$4,065.13
$4,103.71
$4,142.65
$4,181.95
$4,221.64
$4,261.69
$4,302.13
$4,342.95
$4,384.16
$4,425.76
$4,467.76
$4,510.15
$4,552.95
$4,596.15
$4,639.76
$4,683.79
$4,728.23
$4,773.10
$4,818.39
$4,864.11
$4,910.26
$4,956.86
$5,003.89
$5,051.37

-180,000.00
-151,260.50
0.12
360
30
12
3
0.08333333
36
0.00948879
1
35
$5,099.30
1%
19%
0.000096

Interes
$1,435.28
$1,435.28
$1,400.51
$1,365.42
$1,329.99
$1,294.22
$1,258.11
$1,221.67
$1,184.87
$1,147.73
$1,110.23
$1,072.38
$1,034.17
$995.60
$956.66
$917.35
$877.67
$837.61
$797.17
$756.35
$715.14
$673.54
$631.54
$589.15
$546.35
$503.15
$459.54
$415.51
$371.07
$326.21
$280.91
$235.19
$189.04
$142.45
$95.41
$47.93

1 /m

i m=(1+i )
Cuota=

Interes
Anual

Cuota
###
$1,435.28
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30
$5,099.30

Monto
( 1( 1+i m )mn )
im
IGV
Cuota
272.70
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87
968.87

IGV
Segur
Cuota + Segur IGV
o
IGV
o
seg
Total Cuota
Anual
14.52
-151,260.50
###
1.21 0.23
1,709.42
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
###
1.21 0.23
2.76
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
###
1.21 0.23
2.76
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
1.21 0.23
6,069.61
###
###
1.21 0.23
2.76
7,582.22

IGV
Cuota
Anual

TIR mensual
TIR anual

2.00%
26.77%

COSTO DE VENTAS
Costo de
1 automoviles
200
7,100
84
11,100
56
15,100
340

factor
TICO
RACER
ESPERO
VENTAS
Margen de ganancia
Ventas al contado
Ventas financiadas
cobro adicional

10%
20%
80%
$30.00

1,420,000.00
932,400.00
845,600.00
3,198,000.00
IGV
IMPUESTO RENTA
TIEMPO
CRECIMIENTO

Ganancia
10%
142000
93240
84560
319800
19.00%
30.00%
5
5.00%

Total gastos por financiamiento: ( 340 vehic x 80% ) x 30 USD

1
$8,160.00
GASTOS ADMINISTRATIVOS
Total gastos administrativos
Remuneraciones al personal y beneficio
Gastos administrativos varios

30,500.00
Gastos
9,150.00
17,941.18
27,091.18

2
$8,160.00

IGV
3,408.82
3,408.82

3
$8,568.00

4
$8,996.40

5
$9,446.22

Adminis.
9,150.00
21,350.00
30,500.00

"LUEGO DE LOS DOS PRIMEROS AOS SE ESPERA QUE LAS VENTAS DE LA EMPRESA
AUMENTEN A UN RITMO DEL 5% CON RESPECTO AL AO ANTERIOR"
INGRESOS
VENTAS (valor venta)
IGV
PRECIO DE VENTA

COSTOS
COSTO DE VENTAS
IGV
COSTOS CON IGV
GASTOS ADMINISTRATIVOS
Remuneraciones
Gastos Administ
IGV
Total Gastos Adminis

1
2,962,991.60
562,968.40
3,525,960.00

2
3
4
5
2,962,991.60 3,111,141.18 3,266,698.24 3,430,033.15
562,968.40
591,116.82 620,672.66
651,706.30
3,525,960.00 3,702,258.00 3,887,370.90 4,081,739.45

2,687,394.96
510,605.04
3,198,000.00

2,687,394.96 2,821,764.71 2,962,852.94 3,110,995.59

510,605.04
536,135.29 562,942.06
591,089.16
3,198,000.00 3,357,900.00 3,525,795.00 3,702,084.75

9,607.50
18,838.24
3,579.26
32,025.00

10,087.88
19,780.15
3,758.23
33,626.25

10,592.27
20,769.15
3,946.14
35,307.56

GASTOS DE VENTAS
Esta conformado por Comisiones del personal que son el 1% del valor venta de los auto
Comisiones
29,629.92
29,629.92
31,111.41
Total Gastos Ventas
29,629.92
29,629.92
31,111.41

1%
32,666.98
32,666.98

34,300.33
34,300.33

3
-591,116.82
536,135.29
11,626.41
2.76
3,579.26

4
-620,672.66
562,942.06

5
-651,706.30
591,089.16

3,758.23

3,946.14

-39,773.09

-53,972.38

-56,671.00

crecimiento
0.04
0.05
179,413.22
185,148.22
147,667.81
153,080.58
-657.41
3,249.72
22,084.46
26,222.44
44,826.33
49,195.16

0.06
190,954.20
158,560.33
7,205.21
30,411.64
53,618.07

MODULO IGV
PERIODOS
IGV Ventas
IGV Compras
Leasing: (cuota)
Leasing: seguro
Gastos Adminis
Credito fiscal
IGV por pagar

9,150.00
17,941.18
3,408.82
30,500.00

0
39,661.02

39,661.02
0

1
-562,968.40
510,605.04
10,930.25
2.76
3,408.82
1,639.49
0.00

9,150.00
17,941.18
3,408.82
30,500.00

2
-562,968.40
510,605.04
11,626.41
2.76
3,408.82
0.00
-35,685.88

ANALISIS DE SENSIBILIDAD:

185148
1.00
0.95
0.72
0.75
0.79

0.03
173,748.69
142,321.57
-4,516.54
17,997.32
40,511.18
PUNTO MUERTO:

Se utilizo la funcin buscar objetivo

factor punto muerto
0.716383139
n de vehiculos (aprox)
244

GASTOS FINANCIEROS
1
EMISION BONOS VAC
Cupon
Comisin Banca de Inversion
Gastos de flotacion
Prima de redencion
Subtotal
BANCO DEL SUR - PAGARE
Interes
Cargos y comisiones
Subtotal
LEASING
Interes
Subtotal
TOTAL GASTOS FINANCIEROS
AHORRO TRIBUTARIO (30%)

18,661.43
1,892.00
2,328.48

2
19,127.97

3
19,606.17

20,022.62

20,423.07

20,022.62

7,394.62
27,817.69

22,881.91

19,127.97

19,606.17

41,330.65
540.00
41,870.65

24,940.56
540.00
25,480.56

9,350.48
540.00
9,890.48

15,255.68
15,255.68
80,008.25

9,781.94
9,781.94
54,390.47

3,612.77
3,612.77
33,109.42

20,022.62

27,817.69

24,002.48

16,317.14

9,932.83

6,006.79

8,345.31

ESTADO DE GANANCIAS Y PERDIDAS

Ventas
Costo de Ventas
Utilidad Bruta
G.Admin
G.Admin-Seguro Leasing
G.Ventas
G.Financieros
G. Publicidad
Depreciacion
Utilidad Imponible
Impuesto Renta (30%)
Utilidad Neta

67,796.61

1
2
3
4
5
2,962,991.60 2,962,991.60 3,111,141.18 3,266,698.24 3,430,033.15
2,687,394.96 2,687,394.96 2,821,764.71 2,962,852.94 3,110,995.59
275,596.64
275,596.64
289,376.47
303,845.29
319,037.56
27,091.18
27,091.18
28,445.74
29,868.02
31,361.42
14.52
14.52
14.52
29,629.92
29,629.92
31,111.41
32,666.98
34,300.33
80,008.25
54,390.47
33,109.42
20,022.62
27,817.69
67,796.61
0.00
0.00
0.00
0.00
59,038.67
59,038.67
59,038.67
8,191.21
8,191.21
12,017.50
105,431.89
137,656.72
213,096.46
217,366.90
3,605.25
31,629.57
41,297.02
63,928.94
65,210.07
8,412.25
73,802.33
96,359.70
149,167.52
152,156.83

FLUJO DE CAJA
(EL FLUJO DE CAJA ECONOMICO NO DEBE CONSIDERAR NINGUNA INFLUENCIA DE GASTOS FINANCIEROS)
0
1
2
3
4
5
Inversion
-700,000.00
Valor Residual
551,586.33
Ingreso
3,525,960.00 3,525,960.00 3,702,258.00 3,887,370.90 4,081,739.45
Costos
-3,198,000.00 -3,198,000.00 -3,357,900.00 -3,525,795.00 -3,702,084.75
Gastos Administ
-30,500.00
-30,500.00
-32,025.00
-33,626.25
-35,307.56
Gastos Administ-seguro
-17.28
-17.28
-17.28
Gastos Ventas
-29,629.92
-29,629.92
-31,111.41
-32,666.98
-34,300.33
IGV
0.00
-35,685.88
-39,773.09
-53,972.38
-56,671.00
Imp. Renta
-3,605.25
-31,629.57
-41,297.02
-63,928.94
-65,210.07
Devol. Ahorro tributario
-24,002.48
-16,317.14
-9,932.83
-6,006.79
-8,345.31
FLUJO DE CAJA ECONOM.
-700,000.00
240,205.08
184,180.21
190,201.37
171,374.57
731,406.76
TASA (Emision acciones)
VAN Economica
TIR Economica

Financiamiento
(-) Gastos Financieros
(-) Amortizacion
Banco Sur
Bonos
Leasing
Opcion de compra
Total Amortizacion
(+) Ahorro Tributario
FLUJO DE CAJA FINANCIERO

TASA (WACC)
VAN Financiero
TIR Financiero

21.176%
$89,998.22
26.00%
0
-700,000.00
500,000.00

1
240,205.08

2
184,180.21

3
190,201.37

4
171,374.57

5
731,406.76

-80,008.25

-54,390.47

-33,109.42

-20,022.62

-27,817.69

-69,533.89

-97,438.01

-113,028.10

-49,880.88

-60,663.45

-119,414.78
24,002.48
64,784.53

-158,101.46
16,317.14
-11,994.57

-67,943.06
-1,800.00
-182,771.16
9,932.83
-15,746.38

-246,487.34

-200,000.00

13.07%
$185,148.22
32.55%

0.00
6,006.79
157,358.73

8,345.31
465,447.03

LEASING
Precio de Venta
Prestamo
TEA
Ao
Dias
m
n
1/m
m*n
J/m
Periodo de gracia
Meses cuota
Cuota
Opcion de compra
Igv
Prima de seguro
Impuesto a la Renta

Per
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36

Saldo
$152,542.37
$152,542.37
$148,847.30
$145,117.16
$141,351.63
$137,550.37
$133,713.04
$129,839.30
$125,928.80
$121,981.19
$117,996.13
$113,973.25
$109,912.20
$105,812.62
$101,674.13
$97,496.38
$93,278.98
$89,021.57
$84,723.76
$80,385.17
$76,005.41
$71,584.09
$67,120.82
$62,615.20
$58,066.82
$53,475.29
$48,840.19
$44,161.10
$39,437.62
$34,669.32
$29,855.77
$24,996.55
$20,091.22
$15,139.34
$10,140.48
$5,094.18

-180,000.00
-152,542.37
0.12
360
30
12
3
0.08333333
36
0.00948879
1
35
$5,142.52
1%
18%
0.000096
30%

Amortiz

Interes

$0.00
$3,695.07
$3,730.14
$3,765.53
$3,801.26
$3,837.33
$3,873.74
$3,910.50
$3,947.61
$3,985.06
$4,022.88
$4,061.05
$4,099.58
$4,138.48
$4,177.75
$4,217.39
$4,257.41
$4,297.81
$4,338.59
$4,379.76
$4,421.32
$4,463.27
$4,505.62
$4,548.38
$4,591.53
$4,635.10
$4,679.08
$4,723.48
$4,768.30
$4,813.55
$4,859.22
$4,905.33
$4,951.88
$4,998.86
$5,046.30
$5,094.18

$1,447.44
$1,447.44
$1,412.38
$1,376.99
$1,341.26
$1,305.19
$1,268.78
$1,232.02
$1,194.91
$1,157.45
$1,119.64
$1,081.47
$1,042.93
$1,004.03
$964.76
$925.12
$885.10
$844.71
$803.93
$762.76
$721.20
$679.25
$636.90
$594.14
$550.98
$507.42
$463.43
$419.04
$374.22
$328.97
$283.30
$237.19
$190.64
$143.65
$96.22
$48.34

TIR
VAN

ESCOGERIA

Cuota
-$152,542.37
$1,447.44
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$5,142.52
$6,667.94

LEASING
PRESTAMO
12.53%
12.00%
$105,785.47 $142,305.13

EL

LEASING

IGV

Cuota

260.54
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
925.65
1,200.23

$1,707.98
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$7,868.17

10,442.73

11,107.84

11,382.41

Seguro
Cuota Total
14.64 -152,542.37
1.22
1,447.44
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
5,142.52
1.22
6,667.94

Deprec
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
4,237.29
152,542.37

TIR mensual 0.00988696

TIR anual
12.53%
WACC anual
WACC mensual
PRESTAMO
Precio de Venta
Prestamo
TEA
Ao
Dias
m
n
1/m
m*n
J/m
Periodo de gracia
Meses cuota
Cuota
Opcion de compra
Igv

-180,000.00
-152,542.37
0.12
360
30
12
3
0.08333333
36
0.00948879
1
35
$6,068.17
1%
18%

Prima de seguro
Impuesto a la Renta
Dep.maquinaria
Per
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75

Saldo
$180,000.00
$180,000.00
$175,639.81
$171,238.25
$166,794.92
$162,309.44
$157,781.38
$153,210.37
$148,595.98
$143,937.80
$139,235.43
$134,488.43
$129,696.40
$124,858.89
$119,975.48
$115,045.73
$110,069.20
$105,045.45
$99,974.04
$94,854.50
$89,686.38
$84,469.23
$79,202.57
$73,885.93
$68,518.85
$63,100.84
$57,631.42
$52,110.10
$46,536.39
$40,909.80
$35,229.81
$29,495.93
$23,707.64
$17,864.42
$11,965.76
$6,011.13

0.000096
30%
10

Amortiz

Interes

$0.00
$4,360.19
$4,401.56
$4,443.33
$4,485.49
$4,528.05
$4,571.02
$4,614.39
$4,658.17
$4,702.38
$4,746.99
$4,792.04
$4,837.51
$4,883.41
$4,929.75
$4,976.53
$5,023.75
$5,071.42
$5,119.54
$5,168.12
$5,217.16
$5,266.66
$5,316.63
$5,367.08
$5,418.01
$5,469.42
$5,521.32
$5,573.71
$5,626.60
$5,679.99
$5,733.88
$5,788.29
$5,843.21
$5,898.66
$5,954.63
$6,011.13

$1,707.98
$1,707.98
$1,666.61
$1,624.84
$1,582.68
$1,540.12
$1,497.15
$1,453.78
$1,410.00
$1,365.80
$1,321.18
$1,276.13
$1,230.66
$1,184.76
$1,138.42
$1,091.65
$1,044.42
$996.75
$948.63
$900.05
$851.02
$801.51
$751.54
$701.09
$650.16
$598.75
$546.85
$494.46
$441.57
$388.18
$334.29
$279.88
$224.96
$169.51
$113.54
$57.04

Cuota
-$180,000.00
$1,707.98
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17

IGV

Cuota
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00

0.00

0.00

$1,707.98
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17
$6,068.17

Seguro
Cuota Total
17.28 -180,000.00
1.44
1,707.98
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
1.44
6,068.17
TIR mensual 0.00948879
TIR anual
12.00%

WACC anual 0.13069338

WACC mensual 0.01028849

Deprec
15,254.24
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
72,532.42
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19

76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120

1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
1,271.19
152,542.37

Ahorro
Tributario

Desembolso
Neto

1,705.79
1,705.79
1,695.27
1,684.65
1,673.93
1,663.11
1,652.19
1,641.16
1,630.03
1,618.79
1,607.44
1,595.99
1,584.43
1,572.76
1,560.98
1,549.09
1,537.08
1,524.96
1,512.73
1,500.38
1,487.91
1,475.33
1,462.62
1,449.80
1,436.85
1,423.78
1,410.58
1,397.26
1,383.82
1,370.24
1,356.54
1,342.71
1,328.74
1,314.65
1,300.42
1,286.05

-257.12
3,437.95
3,448.47
3,459.09
3,469.81
3,480.63
3,491.55
3,502.58
3,513.71
3,524.95
3,536.29
3,547.75
3,559.31
3,570.98
3,582.76
3,594.65
3,606.65
3,618.77
3,631.01
3,643.36
3,655.83
3,668.41
3,681.12
3,693.94
3,706.89
3,719.96
3,733.16
3,746.47
3,759.92
3,773.49
3,787.20
3,801.03
3,814.99
3,829.09
3,843.32
5,383.11

0.130693379
0.010288487
VA =

$105,785.47

Ahorro
Tributario

Desembolso
Neto

894.18
894.18
881.77
869.24
856.59
843.82
830.93
817.92
804.79
791.53
778.14
764.63
750.99
737.22
723.31
709.28
695.12
680.81
666.38
651.80
637.09
622.24
607.25
592.11
576.84
561.41
545.84
530.13
514.26
498.24
482.07
465.75
449.27
432.64
415.85
21,777.27

815.24
5,175.43
5,187.84
5,200.37
5,213.02
5,225.79
5,238.68
5,251.69
5,264.82
5,278.08
5,291.47
5,304.98
5,318.62
5,332.40
5,346.30
5,360.33
5,374.50
5,388.80
5,403.23
5,417.81
5,432.52
5,447.37
5,462.36
5,477.50
5,492.77
5,508.20
5,523.77
5,539.48
5,555.35
5,571.37
5,587.54
5,603.86
5,620.34
5,636.97
5,653.76
-15,707.66

VA =

$142,305.13

$71,261.23