INVERSION $ 5,000,000

TO 0.15%

PERIODO FLUJO DE DINERO

0 -$ 5,000,000
1 $ 2,000,000
2 $ 4,000,000

VPN $ 985,031

INVERSION $ 30,000,000
TO 20%

PERIODO FLUJO DE DINERO

0 -$ 30,000,000
1 $ 8,000,000
2 $ 12,000,000
3 $ 14,000,000
4 $ 10,000,000
5 $ 13,000,000

VPN $ 3,148,791

INVERSION $ 120,000,000
TO A 35%
TO B 10%
TO C 55%

PERIODO FLUJO DE DINERO

0 -$ 120,000,000
1 $ 4,000,000
2 $ 20,000,000
3 $ 40,000,000
4 $ 60,000,000
5 $ 35,000,000

VPN A -$ 63,935,850

VPN B -$ 7,069,065
VPN C -$ 84,046,098
INVERSION $ 350,000,000
TO 25%

PERIODO FLUJO DE DINERO

0 -$ 350,000,000
1 $ 40,000,000
2 $ 55,000,000
3 $ 80,000,000
4 $ 100,000,000
5 $ 150,000,000

VPN -$ 151,728,000

INVERSION $ 575,000,000
TO A 15%
TO B 35%

PERIODO FLUJO DE DINERO

0 -$ 575,000,000
1 $ 120,000,000
2 $ 230,000,000
3 $ 240,000,000
4 $ 250,000,000
5 $ 155,000,000

VPN A $ 81,065,471

VPN B -$ 152,530,581
INVERSION $ 175,000,000
TO 20%

PERIODO FLUJO DE DINERO

0 -$ 175,000,000
1 $ 20,000,000
2 $ 30,000,000
3 $ 40,000,000
4 $ 50,000,000
5 $ 55,000,000

VPN -$ 68,135,931
INVERSION $ 250,000,000
TO 12%
TIEMPO 5

PERIODO INGRESOS EGRESOS NETO

0 0 $ 250,000,000 -$ 250,000,000
1 $ 25,000,000 $ 10,000,000 $ 15,000,000
2 $ 40,000,000 $ 20,000,000 $ 20,000,000
3 $ 80,000,000 $ 40,000,000 $ 40,000,000
4 $ 120,000,000 $ 60,000,000 $ 60,000,000
5 $ 150,000,000 $ 80,000,000 $ 70,000,000

VPN -$ 114,341,091
CAUE -$ 31,719,331.35
TIR -5%

INVERSION $ 1,550,000,000
TO 20%
TIEMPO 10

PERIODO INGRESOS EGRESOS NETO

0 0 $ 1,550,000,000 -$ 1,550,000,000
1 $ 124,000,000 $ 49,600,000 $ 74,400,000
2 $ 167,400,000 $ 59,024,000 $ 108,376,000
3 $ 225,990,000 $ 70,238,660 $ 155,751,340
4 $ 305,086,500 $ 83,583,886 $ 221,502,614
5 $ 411,866,775 $ 99,464,825 $ 312,401,950
6 $ 556,020,146 $ 118,363,142 $ 437,657,004
7 $ 750,627,197 $ 140,852,138 $ 609,775,059
8 $ 1,013,346,717 $ 167,614,045 $ 845,732,672
9 $ 1,368,018,067 $ 199,460,713 $ 1,168,557,354
10 $ 1,846,824,391 $ 237,358,249 $ 1,609,466,142

VPN -$ 90,387,481
CAUE -$ 21,559,471.23
TIR 19%

INVERSION $ 385,000,000
TO 25%
TIEMPO 5

PERIODO INGRESOS EGRESOS NETO

0 0 $ 385,000,000 -$ 385,000,000
1 $ 57,750,000 $ 17,325,000 $ 40,425,000
2 $ 77,962,500 $ 20,616,750 $ 57,345,750
3 $ 105,249,375 $ 24,533,933 $ 80,715,442
4 $ 142,086,656 $ 29,195,380 $ 112,891,276
5 $ 191,816,986 $ 34,742,502 $ 157,074,484

VPN -$ 176,921,980
CAUE -$ 65,787,861.48
TIR 4%

INVERSION $ 24,000,000
TO 20%
TIEMPO 10

PERIODO INGRESOS EGRESOS

0 0 $ 24,000,000
1 $ 36,000,000 $ 18,000,000
2 $ 46,800,000 $ 21,600,000
3 $ 60,840,000 $ 25,920,000
4 $ 79,092,000 $ 31,104,000
5 $ 102,819,600 $ 37,324,800
6 $ 133,665,480 $ 44,789,760
7 $ 173,765,124 $ 53,747,712
8 $ 225,894,661 $ 64,497,254
9 $ 293,663,060 $ 77,396,705
10 $ 381,761,977 $ 92,876,046

VPN
CAUE
TIR
INVERSION $ 3,500,000,000
TO 25%
TIEMPO 10

PERIODO INGRESOS EGRESOS

0 0 $ 3,500,000,000
1 $ 36,000,000 $ 18,000,000
2 $ 46,800,000 $ 21,600,000
3 $ 60,840,000 $ 25,920,000
4 $ 79,092,000 $ 31,104,000
5 $ 102,819,600 $ 37,324,800
6 $ 133,665,480 $ 44,789,760
7 $ 173,765,124 $ 53,747,712
8 $ 225,894,661 $ 64,497,254
9 $ 293,663,060 $ 77,396,705
10 $ 381,761,977 $ 92,876,046

VPN
CAUE
TIR

INVERSION $ 275,000,000
TO 31%
TIEMPO 10

PERIODO INGRESOS EGRESOS

0 0 $ 275,000,000
1 $ 49,500,000 $ 22,275,000
2 $ 51,975,000 $ 23,388,750
3 $ 54,573,750 $ 24,558,188
4 $ 57,302,438 $ 25,786,097
5 $ 60,167,559 $ 27,075,402
6 $ 63,175,937 $ 28,429,172
7 $ 66,334,734 $ 29,850,630
8 $ 69,651,471 $ 31,343,162
9 $ 73,134,044 $ 32,910,320
10 $ 76,790,747 $ 34,555,836

VPN
CAUE
TIR
INVERSION $ 12,355,000
TO 16.32%
TIEMPO 8

PERIODO INGRESOS EGRESOS

0 0 $ 12,355,000
1 $ 2,000,000 $ 300,000
2 $ 2,400,000 $ 360,000
3 $ 2,880,000 $ 432,000
4 $ 3,456,000 $ 518,400
5 $ 4,147,200 $ 622,080
6 $ 4,976,640 $ 746,496
7 $ 5,971,968 $ 895,795
8 $ 7,166,362 $ 1,074,954

VPN
CAUE
TIR
 INVERSION $ 550,000,000
TO 8%
TIEMPO 10

PERIODO INGRESOS
0 0
1 $ 50,000,000
2 $ 65,000,000
3 $ 84,500,000
4 $ 109,850,000
5 $ 142,805,000
6 $ 185,646,500
7 $ 241,340,450
8 $ 313,742,585
9 $ 407,865,361
10 $ 530,224,969

INVERSION $ 890,000,000
TO 20%
TIEMPO 10

PERIODO INGRESOS EGRESOS

0 0 $ 890,000,000
1 $ 106,800,000 $ 42,720,000
2 $ 144,180,000 $ 50,836,800
3 $ 194,643,000 $ 60,495,792
4 $ 262,768,050 $ 71,989,091
5 $ 354,736,868 $ 85,668,091
6 $ 478,894,771 $ 101,945,028
7 $ 646,507,941 $ 121,314,584
8 $ 872,785,720 $ 144,364,355
9 $ 1,178,260,723 $ 171,793,582
10 $ 1,590,651,975 $ 204,434,363

VPN
CAUE
TIR
 INVERSION $ 75,000,000
TO 16%
TIEMPO 10

PERIODO INGRESOS
0 0
1 $ 9,000,000
2 $ 11,700,000
3 $ 15,210,000
4 $ 19,773,000
5 $ 25,704,900
6 $ 33,416,370
7 $ 43,441,281
8 $ 56,473,665
9 $ 73,415,765
10 $ 95,440,494

INVERSION $ 8,000,000
TO 30%
TIEMPO 3
NETO
-$ 24,000,000 PERIODO
$ 18,000,000 0
$ 25,200,000 1
$ 34,920,000 2
$ 47,988,000 3
$ 65,494,800
$ 88,875,720
$ 120,017,412
$ 161,397,407
$ 216,266,355
$ 288,885,931

$ 267,536,979
$ 63,813,657.78
112.24%
 INVERSION $ 500,000,000
TO 17%
TIEMPO 10

NETO PERIODO
-$ 3,500,000,000 0
$ 18,000,000 1
$ 25,200,000 2
$ 34,920,000 3
$ 47,988,000 4
$ 65,494,800 5
$ 88,875,720 6
$ 120,017,412 7
$ 161,397,407 8
$ 216,266,354 9
$ 288,885,931 10

-$ 3,274,884,366
-$ 917,205,255.92
-13.75%

INVERSION $ 150,000,000
TO 9.55%
TIEMPO 6
NETO
-$ 275,000,000 PERIODO
$ 27,225,000 0
$ 28,586,250 1
$ 30,015,563 2
$ 31,516,341 3
$ 33,092,158 4
$ 34,746,766 5
$ 36,484,104 6
$ 38,308,309
$ 40,223,724
$ 42,234,911

-$ 181,748,197
-$ 60,400,056.27
3.89%
 INVERSION $ 25,000,000
TO 19.40%
TIEMPO 36

NETO PERIODO
-$ 12,355,000 0
$ 1,700,000 1
$ 2,040,000 2
$ 2,448,000 3
$ 2,937,600 4
$ 3,525,120 5
$ 4,230,144 6
$ 5,076,173 7
$ 6,091,407 8
9
$ 716,754 10
$ 166,719.51 11
17.74% 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
EGRESOS NETO
$ 550,000,000 -$ 550,000,000
$ 20,000,000 $ 30,000,000
$ 23,800,000 $ 41,200,000
$ 28,322,000 $ 56,178,000
$ 33,703,180 $ 76,146,820
$ 40,106,784 $ 102,698,216
$ 47,727,073 $ 137,919,427
$ 56,795,217 $ 184,545,233
$ 67,586,308 $ 246,156,277
$ 80,427,707 $ 327,437,654
$ 95,708,971 $ 434,515,998

VPN $ 376,209,821
CAUE $ 56,066,357.33
TIR 16%

NETO
-$ 890,000,000
$ 64,080,000
$ 93,343,200
$ 134,147,208
$ 190,778,959
$ 269,068,777
$ 376,949,743
$ 525,193,357
$ 728,421,365
$ 1,006,467,141
$ 1,386,217,612

$ 367,150,622
$ 87,573,778.45
27%
EGRESOS NETO
$ 75,000,000 -$ 75,000,000
$ 2,700,000 $ 6,300,000
$ 3,213,000 $ 8,487,000
$ 3,823,470 $ 11,386,530
$ 4,549,929 $ 15,223,071
$ 5,414,416 $ 20,290,484
$ 6,443,155 $ 26,973,215
$ 7,667,354 $ 35,773,927
$ 9,124,152 $ 47,349,513
$ 10,857,740 $ 62,558,025
$ 12,920,711 $ 82,519,783

VPN $ 35,428,583
CAUE $ 7,330,212.11
TIR 23%

INGRESOS EGRESOS NETO

0 $ 8,000,000 -$ 8,000,000
$ 4,000,000 $ 2,000,000 $ 2,000,000
$ 6,000,000 $ 3,000,000 $ 3,000,000
$ 8,000,000 $ 4,000,000 $ 4,000,000

VPN -$ 2,865,726
CAUE -$ 1,577,944.86
TIR 5.5%
INGRESOS EGRESOS NETO
0 $ 500,000,000 -$ 500,000,000
$ 60,000,000 $ 24,000,000 $ 36,000,000
$ 66,000,000 $ 26,400,000 $ 39,600,000
$ 72,600,000 $ 29,040,000 $ 43,560,000
$ 79,860,000 $ 31,944,000 $ 47,916,000
$ 87,846,000 $ 35,138,400 $ 52,707,600
$ 96,630,600 $ 38,652,240 $ 57,978,360
$ 106,293,660 $ 42,517,464 $ 63,776,196
$ 116,923,026 $ 46,769,210 $ 70,153,816
$ 128,615,329 $ 51,446,131 $ 77,169,197
$ 141,476,861 $ 56,590,745 $ 84,886,117

VPN -$ 263,220,489
CAUE -$ 56,502,014.24
TIR 2.2%

INGRESOS EGRESOS NETO

0 $ 150,000,000 -$ 150,000,000
$ 20,000,000 $ 5,000,000 $ 15,000,000
$ 35,000,000 $ 15,000,000 $ 20,000,000
$ 70,000,000 $ 30,000,000 $ 40,000,000
$ 100,000,000 $ 60,000,000 $ 40,000,000
$ 130,000,000 $ 70,000,000 $ 60,000,000
$ 180,000,000 $ 90,000,000 $ 90,000,000
VPN $ 28,648,484
CAUE $ 6,491,396.11
TIR 14.26%
INGRESOS EGRESOS
0 $ 25,000,000
$ 5,000,000 $ 2,000,000
$ 6,500,000 $ 2,600,000
$ 8,450,000 $ 3,380,000
$ 10,985,000 $ 4,394,000
$ 14,280,500 $ 5,712,200
$ 18,564,650 $ 7,425,860
$ 24,134,045 $ 9,653,618
$ 31,374,259 $ 12,549,703
$ 40,786,536 $ 16,314,614
$ 53,022,497 $ 21,208,999
$ 68,929,246 $ 27,571,698
$ 89,608,020 $ 35,843,208
$ 116,490,426 $ 46,596,170
$ 151,437,553 $ 60,575,021
$ 196,868,819 $ 78,747,528
$ 255,929,465 $ 102,371,786
$ 332,708,305 $ 133,083,322
$ 432,520,796 $ 173,008,318
$ 562,277,035 $ 224,910,814
$ 730,960,145 $ 292,384,058
$ 950,248,189 $ 380,099,275
$ 1,235,322,645 $ 494,129,058
$ 1,605,919,439 $ 642,367,776
$ 2,087,695,271 $ 835,078,108
$ 2,714,003,852 $ 1,085,601,541
$ 3,528,205,007 $ 1,411,282,003
$ 4,586,666,510 $ 1,834,666,604
$ 5,962,666,463 $ 2,385,066,585
$ 7,751,466,401 $ 3,100,586,561
$ 10,076,906,322 $ 4,030,762,529
$ 13,099,978,218 $ 5,239,991,287
$ 17,029,971,684 $ 6,811,988,673
$ 22,138,963,189 $ 8,855,585,276
$ 28,780,652,145 $ 11,512,260,858
$ 37,414,847,789 $ 14,965,939,116
$ 48,639,302,126 $ 19,455,720,850
NETO
-$ 25,000,000
$ 3,000,000
$ 3,900,000
$ 5,070,000
$ 6,591,000
$ 8,568,300
$ 11,138,790
$ 14,480,427
$ 18,824,555
$ 24,471,922
$ 31,813,498
$ 41,357,548
$ 53,764,812
$ 69,894,255
$ 90,862,532
$ 118,121,292
$ 153,557,679
$ 199,624,983
$ 259,512,478
$ 337,366,221
$ 438,576,087
$ 570,148,913
$ 741,193,587
$ 963,551,663
$ 1,252,617,162
$ 1,628,402,311
$ 2,116,923,004
$ 2,751,999,906
$ 3,577,599,878
$ 4,650,879,841
$ 6,046,143,793
$ 7,859,986,931
$ 10,217,983,010
$ 13,283,377,913
$ 17,268,391,287
$ 22,448,908,673
$ 29,183,581,276

VPN $ 551,509,986
CAUE $ 107,174,043.69
TIR 41.42%
INVERSION $ 36,790,000
TO 18%
TIEMPO 8

PERIODO INGRESOS EGRESOS NETO

0 0 $ 36,790,000 -$ 36,790,000
1 $ 8,000,000 $ 3,200,000 $ 4,800,000
2 $ 9,200,000 $ 3,680,000 $ 5,520,000
3 $ 10,580,000 $ 4,232,000 $ 6,348,000
4 $ 12,167,000 $ 4,866,800 $ 7,300,200
5 $ 13,992,050 $ 5,596,820 $ 8,395,230
6 $ 16,090,858 $ 6,436,343 $ 9,654,515
7 $ 18,504,486 $ 7,401,794 $ 11,102,692
8 $ 21,280,159 $ 8,512,064 $ 12,768,095

VPN -$ 7,000,692
CAUE -$ 1,716,880.23
TIR 12.58%

INVERSION $ 875,500,000
TO 13.48%
TIEMPO 10

PERIODO INGRESOS EGRESOS NETO

0 0 $ 875,500,000 -$ 875,500,000
1 $ 105,060,000 $ 31,518,000 $ 73,542,000
2 $ 131,325,000 $ 39,397,500 $ 91,927,500
3 $ 164,156,250 $ 49,246,875 $ 114,909,375
4 $ 205,195,313 $ 61,558,594 $ 143,636,719
5 $ 256,494,141 $ 76,948,242 $ 179,545,898
6 $ 320,617,676 $ 96,185,303 $ 224,432,373
7 $ 400,772,095 $ 120,231,628 $ 280,540,466
8 $ 500,965,118 $ 150,289,536 $ 350,675,583
9 $ 626,206,398 $ 187,861,919 $ 438,344,479
10 $ 782,757,998 $ 234,827,399 $ 547,930,598

VPN $ 164,879,236
CAUE $ 30,970,671.32
TIR 16.70%
INVERSION $ 549,300,000
TO 12.55%
TIEMPO 7

PERIODO INGRESOS EGRESOS NETO

0 0 $ 549,300,000 -$ 549,300,000
1 $ 45,000,000 $ 13,500,000 $ 31,500,000
2 $ 54,000,000 $ 16,200,000 $ 37,800,000
3 $ 64,800,000 $ 19,440,000 $ 45,360,000
4 $ 77,760,000 $ 23,328,000 $ 54,432,000
5 $ 93,312,000 $ 27,993,600 $ 65,318,400
6 $ 111,974,400 $ 33,592,320 $ 78,382,080
7 $ 134,369,280 $ 40,310,784 $ 94,058,496

VPN -$ 309,895,414
CAUE -$ 69,092,064.39
TIR -6.04%

INVERSION $ 150,000,000
TO 14.35%
TIEMPO 10

PERIODO INGRESOS EGRESOS NETO

0 0 $ 150,000,000 -$ 150,000,000
1 $ 22,500,000 $ 9,000,000 $ 13,500,000
2 $ 27,000,000 $ 10,800,000 $ 16,200,000
3 $ 32,400,000 $ 12,960,000 $ 19,440,000
4 $ 38,880,000 $ 15,552,000 $ 23,328,000
5 $ 46,656,000 $ 18,662,400 $ 27,993,600
6 $ 55,987,200 $ 22,394,880 $ 33,592,320
7 $ 67,184,640 $ 26,873,856 $ 40,310,784
8 $ 80,621,568 $ 32,248,627 $ 48,372,941
9 $ 96,745,882 $ 38,698,353 $ 58,047,529
10 $ 116,095,058 $ 46,438,023 $ 69,657,035
3
VPN -$ 1,915,662
CAUE -$ 372,288.23
TIR 14.10%