Ventas proyectadas

Costos variables (50% ventas)

Costos fijos
Depreciacion
UTILIDAD OPERATIVA
Impuestos (10%)
UTILIDAD DESPUES DE IMPUESTOS
Depreciacion
FLUJO DE CAJA OPERATIVO
Inversion incremento de K de W
Recuperacion de incremento de K de W
FLUJO NETO DEL PROYECTO

1) VENTAS PROYECTADA
2) RESUMEN DE INVERSION EN
CAPITAL DE TRABAJO (no te vallas a
olvidar del 4to ao que esta debajo)
3)FLUJO NETO DEL PROYECTO
4) CUADRO DE RESUMEN DE FLUJO
NETO
5) CUADRO DE BLANCO Y NEGRO
(SIN COLOR)
6) CPP
7) VAN 1
8) TIR 1
8)CUADRO DE SERVICIO DE LA
DEUDA
9)FLUJO NETO DEL INVERSIONISTA
10) CUADRO DE RESUMEN DEL FLUJO
6) CPP
7) VAN 1
8) TIR 1
8)CUADRO DE SERVICIO DE LA
DEUDA
9)FLUJO NETO DEL INVERSIONISTA
10) CUADRO DE RESUMEN DEL FLUJO
DEL INVERSIONISTA
11) VAN 2
12) TIR 2

Ventas proyectadas
Costos variables (50% ventas)
Costos fijos
Depreciacion
UTILIDAD OPERATIVA
Intereses
UTILIDAD OPERATIVA DESP. DE INT.
Impuestos (10%)
UTILIDAD NETA
Depreciacion
Amortizacion
Inversion incremento de K de W
Recuperacion de incremento de K de W
FLUJO NETO DEL INVERSIONISTA

13) VENTAS PROYECTADAS

14) INVERSION EN CAPITAL DE
TRABAJO
15) AJUSTE DE INFLACION
16) CAPITAL DE TRABAJO
MARGINAL
17) COSTOS FIJO
14) INVERSION EN CAPITAL DE
TRABAJO
15) AJUSTE DE INFLACION
16) CAPITAL DE TRABAJO
MARGINAL
17) COSTOS FIJO
18) DEPRECIACION
19) PERDIDA, PODER
ADQUISITIVO DEL CAPITAL DE
TRABAJO
20) TASA MINIMA DE
RENDIMIENTO
21)FLUJO NETO DEL
PROYECTO
22) CUADRO DE RESUMEN DE
FLUJO NETO
23) VAN 3
24) TIR3

Ventas proyectadas
Costos variables (50% ventas)
Costos fijos
Depreciacion
UTILIDAD OPERATIVA
Impuestos (10%)
UTILIDAD DESPUES DE IMPUESTOS
Depreciacion
Inversion incremento de K de W
Recuperacion de incremento de K de W
Perdida de poder adquisitivo de K de W
FLUJO NETO DEL PROYECTO

VAN 3

TIR 3

Ventas proyectadas
Costos variables (50% ventas)
Costos fijos
Depreciacion
UTILIDAD OPERATIVA
Intereses
UTILIDAD ANTES DE IMPUESTOS
Impuesto -(10%)
UTILIDAD NETA
Depreciacion
Amortizacion de la deuda
Inv, incremento de k de l
perd. De poder adq
recuperacion de k y l
FLUJO DE CAJA DEL IMVERSIONISTA

CUADRO DE RESUMEN
Ao 0
S/. 40,800.00

VAN

VAN

TIR

X= 1.046702192
TIR
 ventas proyectadas

AOS PRECIO INFLACION (1 + 0.20)

1 S/. 48.00 1.20

2 S/. 57.60 1.20
3 S/. 69.12 1.20
4 S/. 82.94 1.20
5 S/. 99.53 1.20

Fujo neto del proyecto

Ao: 1 Ao: 2 Ao: 3
S/. 288,000.00 S/. 435,456.00 S/. 597,196.80
S/. 144,000.00 S/. 217,728.00 S/. 298,598.40
S/. 57,600.00 S/. 69,120.00 S/. 82,944.00
S/. 14,400.00 ### S/. 14,400.00
S/. 72,000.00 S/. 134,208.00 S/. 201,254.40
S/. 7,200.00 S/. 13,420.80 S/. 20,125.44
S/. 64,800.00 S/. 120,787.20 S/. 181,128.96
S/. 14,400.00 ### S/. 14,400.00
S/. 79,200.00 S/. 135,187.20 S/. 195,528.96
S/. 14,745.60 S/. 16,174.08 S/. 19,906.56
S/. - ### S/. -
S/. 64,454.40 S/. 119,013.12 S/. 175,622.40

CPP

Fuente Monto Costo antes de impuestos

Deuda S/. 60,000.00 46%

Aporte #REF! 50%
#REF!

cuadro de servicio de la deuda

 Ao Prestamo Interes
0 S/. 60,000.00 46%
1 S/. - S/. 27,600.00
2 S/. - S/. 22,080.00
3 S/. - S/. 16,560.00
4 S/. - S/. 11,040.00
5 S/. - S/. 5,520.00

flujo neto del inversionista

Ao: 1 Ao: 2 Ao: 3
S/. 288,000.00 S/. 435,456.00 S/. 597,196.80
S/. 144,000.00 S/. 217,728.00 S/. 298,598.40
S/. 57,600.00 S/. 69,120.00 S/. 82,944.00
S/. 14,400.00 ### S/. 14,400.00
S/. 72,000.00 S/. 134,208.00 S/. 201,254.40
S/. 27,600.00 S/. 22,080.00 S/. 16,560.00
S/. 44,400.00 S/. 112,128.00 S/. 184,694.40
S/. 4,440.00 S/. 11,212.80 S/. 18,469.44
S/. 39,960.00 S/. 100,915.20 S/. 166,224.96
S/. 14,400.00 ### S/. 14,400.00
S/. 12,000.00 ### S/. 12,000.00
S/. 14,745.60 S/. 16,174.08 S/. 19,906.56
S/. - ### S/. -
S/. 27,614.40 S/. 87,141.12 S/. 148,718.40

Cuadro de resumen del flujo neto del inversionista

Ao : 0 Ao : 1 Ao : 2
S/. 40,800.00 S/. 27,614.40 S/. 87,141.12

ventas proyectadas
AOS PRECIO CANTIDAD
1 S/. 48.00 5000
2 S/. 48.00 6300
3 S/. 48.00 7200
 4 S/. 48.00 8000
5 S/. 48.00 9500

Ajuste de inflacion
Ao : 0 S/. 24,000.00 1.20
Ao : 1 S/. 30,240.00 1.20
Ao : 2 S/. 34,560.00 1.20
Ao : 3 S/. 38,400.00 1.20
Ao : 4 S/. 45,600.00 1.20

Capital de Trabajo Marginal

Ao : 0 S/. 28,800.00
Ao : 1 S/. 7,488.00
Ao : 2 S/. 5,184.00
Ao : 3 S/. 4,608.00
Ao : 4 S/. 8,640.00
depreciacion
(1.2)^ t
Ao : 1 S/. 14,400.00 1.2
Ao : 2 S/. 14,400.00 1.44
Ao : 3 S/. 14,400.00 1.728
Ao : 4 S/. 14,400.00 2.0736
Ao : 5 S/. 14,400.00 2.48832
PERDIDA, PODER ADQUISITIVO DEL CAPITAL DE TRABAJO

Valor ajustal final del

Ao K de W acumulado
proyecto

1 S/. 28,800.00 S/. 24,000.00

2 S/. 36,288.00 S/. 30,240.00
3 S/. 41,472.00 S/. 34,560.00
4 S/. 46,080.00 S/. 38,400.00
5 S/. 54,720.00 S/. 45,600.00

Fujo neto del proyecto

Ao: 1 Ao: 2 Ao: 3
S/. 240,000.00 S/. 302,400.00 S/. 345,600.00
S/. 120,000.00 S/. 151,200.00 S/. 172,800.00
S/. 48,000.00 ### S/. 48,000.00
S/. 12,000.00 S/. 10,000.00 S/. 8,333.33
S/. 60,000.00 S/. 93,200.00 S/. 116,466.67
S/. 6,000.00 S/. 9,320.00 S/. 11,646.67
S/. 54,000.00 S/. 83,880.00 S/. 104,820.00
S/. 12,000.00 S/. 10,000.00 S/. 8,333.33
S/. 7,488.00 S/. 5,184.00 S/. 4,608.00
S/. - ### S/. -
S/. 4,800.00 S/. 6,048.00 S/. 6,912.00
S/. 53,712.00 S/. 82,648.00 S/. 101,633.33

FLUJO NETO PROYECTADO ANTES DE TERMINOS CONSTANTES

AO 0 AO1 AO 2
S/. 100,800.00 S/. 53,712.00 S/. 82,648.00

-100800.00 53712.00 82648.00

1.207 1.456849

VAN= 111929.79

-100800 53712 82648

1.7547142 3.0790219237

TIR= -12514.2313604586

Ao: 1 Ao: 2 Ao: 3

S/. 240,000.00 S/. 302,400.00 S/. 345,600.00
S/. 120,000.00 S/. 151,200.00 S/. 172,800.00
S/. 48,000.00 ### S/. 48,000.00
S/. 12,000.00 S/. 10,000.00 S/. 8,333.33
S/. 60,000.00 S/. 93,200.00 S/. 116,466.67
S/. 33,120.00 S/. 31,795.20 S/. 28,615.68
S/. 26,880.00 S/. 61,404.80 S/. 87,850.99
S/. 2,688.00 S/. 6,140.48 S/. 8,785.10
S/. 24,192.00 S/. 55,264.32 S/. 79,065.89
S/. 12,000.00 S/. 10,000.00 S/. 8,333.33
S/. 10,000.00 S/. 8,333.33 S/. 6,944.44
S/. 7,488.00 S/. 5,184.00 S/. 4,608.00
S/. - S/. - S/. -
S/. 4,800.00 S/. 6,048.00 S/. 6,912.00
S/. 23,504.00 S/. 57,794.99 S/. 82,758.78

Ao 1 Ao 2 Ao 3
S/. 23,504.00 S/. 57,794.99 S/. 82,758.78

-40800 23504 57794.9866666667

1.25 1.5625

99530.3958876919
99530

-40800 23504 57794.9866666667

2.046702192 4.1889898627

-0.0005589507
as

PRECIO CON INFLACION CANTIDAD

S/. 57.60 5000

S/. 69.12 6300
S/. 82.94 7200
S/. 99.53 8000
S/. 119.44 9500

Total
Ao: 4 Ao: 5 #REF!
S/. 796,262.40 S/. 1,134,673.92
S/. 398,131.20 S/. 567,336.96
S/. 99,532.80 S/. 119,439.36
S/. 14,400.00 S/. 14,400.00
S/. 284,198.40 S/. 433,497.60
S/. 28,419.84 S/. 43,349.76
S/. 255,778.56 S/. 390,147.84
S/. 14,400.00 S/. 14,400.00
S/. 270,178.56 S/. 404,547.84
S/. 33,841.15 S/. -
### S/. 113,467.00
S/. 236,337.41 S/. 518,014.84

Cotos despues de
Participacion fuente
impuestos
41.40% 0.60
50.0% 0.40

S/. 518,014.84
a deuda #REF!
 Amortizacion Deuda final
- S/. 60,000.00
S/. 12,000.00 S/. 48,000.00
S/. 12,000.00 S/. 36,000.00
S/. 12,000.00 S/. 24,000.00 518014.84
S/. 12,000.00 S/. 12,000.00 #REF!
S/. 12,000.00 S/. -

Ao: 4 Ao: 5
S/. 796,262.40 S/. 1,134,673.92
S/. 398,131.20 S/. 567,336.96
S/. 99,532.80 S/. 119,439.36 S/. 501,046.84
S/. 14,400.00 S/. 14,400.00 #REF!
S/. 284,198.40 S/. 433,497.60
S/. 11,040.00 S/. 5,520.00
S/. 273,158.40 S/. 427,977.60
S/. 27,315.84 S/. 42,797.76
S/. 245,842.56 S/. 385,179.84
S/. 14,400.00 S/. 14,400.00
S/. 12,000.00 S/. 12,000.00 501046.84
S/. 33,841.15 S/. - #REF!
S/. - S/. 113,467.00
S/. 214,401.41 S/. 501,046.84

o del inversionista
Ao : 3 Ao : 4
S/. 148,718.40 S/. 214,401.41

TOTAL
S/. 240,000.00
S/. 302,400.00
S/. 345,600.00
 S/. 384,000.00
S/. 456,000.00

S/. 28,800.00
S/. 36,288.00
S/. 41,472.00
S/. 46,080.00
S/. 54,720.00

S/. 12,000.00
S/. 10,000.00
S/. 8,333.33
S/. 6,944.44
S/. 5,787.04
TRABAJO

perdidad de poder
adquisitivo

S/. 4,800.00
S/. 6,048.00
S/. 6,912.00
S/. 7,680.00
S/. 9,120.00

Ao: 4 Ao: 5
S/. 384,000.00 S/. 456,000.00
S/. 192,000.00 S/. 228,000.00
S/. 48,000.00 S/. 48,000.00
 S/. 6,944.44 S/. 5,787.04
S/. 137,055.56 S/. 174,212.96
S/. 13,705.56 S/. 17,421.30
S/. 123,350.00 S/. 156,791.67
S/. 6,944.44 S/. 5,787.04
S/. 8,640.00 S/. -
### S/. 54,720.00
S/. 7,680.00 S/. 9,120.00
S/. 113,974.44 S/. 208,178.70

TERMINOS CONSTANTES
AO 3 AO 4
S/. 101,633.33 S/. 113,974.44

101633.33 113974.44
1.758416743 2.1224090088

101633.333333333 113974.444444444
5.4028034916 9.4803760065

Ao: 4 Ao: 5
S/. 384,000.00 S/. 456,000.00
S/. 192,000.00 S/. 228,000.00
S/. 48,000.00 S/. 48,000.00
S/. 6,944.44 S/. 5,787.04
S/. 137,055.56 S/. 174,212.96
S/. 22,892.54 S/. 13,735.43
S/. 114,163.01 S/. 160,477.54
S/. 11,416.30 S/. 16,047.75
S/. 102,746.71 S/. 144,429.78
S/. 6,944.44 S/. 5,787.04
S/. 5,787.04 S/. 4,822.57
S/. 8,640.00 S/. -
S/. - S/. 54,720.00
S/. 7,680.00 S/. 9,120.00
S/. 102,944.12 S/. 99,794.25

Ao 4 Ao 5
S/. 102,944.12 S/. 99,794.25

82758.7768888889 102944.117807407
1.953125 2.44140625

82758.7768888889 102944.117807407
8.5736147343 17.5476360701
S/. 27,600.00 1.2
S/. 22,080.00 1.44
S/. 16,560.00 1.728
S/. 11,040.00 2.0736
S/. 5,520.00 2.488302
S/. 12,000.00 1.2
S/. 12,000.00 1.44
S/. 12,000.00 1.728
S/. 12,000.00 2.0736
S/. 12,000.00 2.488302

1.5 1.2
S/. 33,120.00
S/. 31,795.20
S/. 28,615.68
S/. 22,892.54
S/. 13,735.43
S/. 10,000.00
S/. 8,333.33
S/. 6,944.44
S/. 5,787.04
S/. 4,822.57

1.25 0.25