Dobre Andrei

FAIMA 1541

Tema suplimentara FEI

1. In cadrul unei intreprinderi industriale este analizata propunerea inlocuirii unui echipament.
Valoarea totala a investitiei este de 125 mil EUR ce se prevede a se realiza in 2 ani.
Acest proiect se poate realiza in 3 variante: Varianta 1: 85 mil-an 1 si 40 mil-an 2; Varianta
2: 40 mil an 1 si 85 mil- an 2; Varianta 3: 125 mil- an 1 si 0 mil an 2 . Indiferent de
varianta de investitie, firma inregistreaza cheltuieli de productie de 15 mil anual, iar valoarea
produtiei este de 55 mil anual. Se prevede ca echipamentul va funtiona fara schimbari
tehnologice 5 ani, iar rata de actualizare este de 12%. Sa se calculeze costul total actualizat si
venitul net actualizat si sa se indice varianta optima de investitie.

Investitia 1
Perioada

Venit

Cost

I=12%

VTA

CTA

55,000,000

100,000,000

0.89

49,107,143

89,285,714

55,000,000

55,000,000

0.80

43,845,663

43,845,663

55,000,000

15,000,000

0.58

31,828,704

8,680,556

55,000,000

15,000,000

0.64

34,953,494

9,532,771

55,000,000

15,000,000

0.40

22,103,266

6,028,164

Total

181,838,271 157,372,868

Profitabilitate

24,465,403

Investitia 2
Perioada

Venit

Cost

I=12%

VTA

CTA

55,000,000

55,000,000

0.89

49,107,143

49,107,143

55,000,000 100,000,000

0.80

43,845,663

79,719,388

55,000,000

15,000,000

0.58

31,828,704

8,680,556

55,000,000

15,000,000

0.64

34,953,494

9,532,771

55,000,000

15,000,000

0.40

22,103,266

6,028,164

Total

181,838,271 153,068,021

Profitabilitate

28,770,250

Dobre Andrei
FAIMA 1541
Investitia 3
Perioada

Venit

Cost

I=12%

VTA

CTA

55,000,000

140,000,000

0.89

49,107,143

125,000,000

55,000,000

15,000,000

0.80

43,845,663

11,957,908

55,000,000

15,000,000

0.58

31,828,704

8,680,556

55,000,000

15,000,000

0.64

34,953,494

9,532,771

55,000,000

15,000,000

0.40

22,103,266

6,028,164

Total

181,838,271

161,199,398

Profitabilitate

20,638,872