Depreciacion Anual Liquidacion

activo valor unitario vida util TMAR 18% S/ 13,833.33 S/ 13,833.33

terreno S/ 32,000.00 Impuesto 20%
obras civiles S/ 46,000.00 6.00 Capital de trabajo S/ 8,500.00
linea de produccion S/ 37,000.00 6.00 Precio de venta S/ 225.00
Total S/ 115,000.00

Insumos Costo unitario

uva S/ 43.50 Botellas Costo de botellas Capital
etanol S/ 19.20 16500.00 S/ 3.60 S/ 59,400.00
energia S/ 8.40
mano de obra S/ 22.50 Financiamiento
total S/ 93.60 Propio S/ 59,400.00
Prestamo S/ 55,600.00
Costos Fijos mensuales S/ 3,800.00 Taza 12.00%
Costos Fijos Anuales S/ 45,600.00
Seguro Mensual S/ 1,500.00
Seguro Anual S/ 18,000.00

0 1 2 3 4 5 Liquidacion
consumo por año 900 900 900 980 980

Ingresos S/ 202,500.00 S/ 202,500.00 S/ 202,500.00 S/ 220,500.00 S/ 220,500.00 S/ 13,833.33

Inversion S/ 115,000.00
Capital de Trabajo S/ 8,500.00 S/ 8,500.00

Costos Fijos S/ 63,600.00 S/ 63,600.00 S/ 63,600.00 S/ 63,600.00 S/ 63,600.00

Costos Variables S/ 84,240.00 S/ 84,240.00 S/ 84,240.00 S/ 91,728.00 S/ 91,728.00
Depreciacion S/ 13,833.33 S/ 13,833.33 S/ 13,833.33 S/ 13,833.33 S/ 13,833.33

Costo totales S/ 161,673.33 S/ 161,673.33 S/ 161,673.33 S/ 169,161.33 S/ 169,161.33

Ingresos menos costos S/ 40,826.67 S/ 40,826.67 S/ 40,826.67 S/ 51,338.67 S/ 51,338.67
Impuestos S/ - S/ - S/ - S/ - S/ -

FCE S/ 54,660.00 S/ 54,660.00 S/ 54,660.00 S/ 65,172.00 S/ 65,172.00 S/ 22,333.33

FCE S/ 123,500.00 S/ 54,660.00 S/ 54,660.00 S/ 54,660.00 S/ 65,172.00 S/ 87,505.33

Financiamiento S/ 55,600.00
Amortizacion S/ 11,120.00 S/ 11,120.00 S/ 11,120.00 S/ 11,120.00 S/ 11,120.00
Interes S/ 6,672.00 S/ 5,337.60 S/ 4,003.20 S/ 2,668.80 S/ 1,334.40
Escudo Tributario S/ 1,334.40 S/ 1,067.52 S/ 800.64 S/ 533.76 S/ 266.88
Pago S/ 16,457.60 S/ 15,390.08 S/ 14,322.56 S/ 13,255.04 S/ 12,187.52
Flujo de Caja Financiero S/ 67,900.00 S/ 38,202.40 S/ 39,269.92 S/ 40,337.44 S/ 51,916.96 S/ 75,317.81

0 1 2 3 4 5 VAN eco S/67,210.14

Flujo de Caja Economico -S/ 123,500.00 S/ 54,660.00 S/ 54,660.00 S/ 54,660.00 S/ 65,172.00 S/ 87,505.33 TIR eco 38%
Flujo de caja Financiero -S/ 67,900.00 S/ 38,202.40 S/ 39,269.92 S/ 40,337.44 S/ 51,916.96 S/ 75,317.81 VAN fin S/91,969.18
TIR fin 56%

E 54.98%
D 45.02% PRI S/ 3.14
Ke(TMAR) 18%
Kd(Taza del Prestamo) 12%
T(impuesto) 20%
Wacc 14.22%

0 1 2 3 4 5
Flujo de Caja Economico -S/ 123,500.00 S/ 54,660.00 S/ 54,660.00 S/ 54,660.00 S/ 65,172.00 S/ 87,505.33
VAN FCE -S/ 123,500.00 S/46,322.03 S/39,255.96 S/33,267.76 S/33,614.99 S/38,249.39
Valor Acumulado -S/ 123,500.00 -S/ 77,177.97 -S/ 37,922.01 -S/ 4,654.24 S/ 28,960.75 S/ 67,210.14