signos Año 0 1 2

unidades a vender 50,000.00 50,000.00

precio 500.00 500.00
(+) ingresos - 25,000,000.00 25,000,000.00
Ventas 25,000,000.00 25,000,000.00
venta de activos
(-) Costo de inversion 124,350,000.00 - 3,200,000.00
terrenos 12,000,000.00
obras fisicas 60,000,000.00
maquinarias 48,000,000.00
obras civiles ampliacion
maquinarias ampliacion
activos intangibles 1,200,000.00
Capital de trabajo 3,150,000.00 3,200,000.00
(-) Costos de Fabrica 5,000,000.00 5,000,000.00
20.00 Mano de obra 1,000,000.00 1,000,000.00
35.00 Materiales 1,750,000.00 1,750,000.00
5.00 Costosindirectos 250,000.00 250,000.00
costos fijos 2,000,000.00 2,000,000.00
(-) Costos de operación 1,300,000.00 1,300,000.00
costos de administracion y ventas 800,000.00 800,000.00
comisiones de ventas 500,000.00 500,000.00

(=) subtotal 124,350,000.00 18,700,000.00 15,500,000.00

(-) Depreciacion 7,800,000.00 7,800,000.00
D. obras fisicas 3,000,000.00 3,000,000.00
D. maquinarias 4,800,000.00 4,800,000.00
Ampliacion obras civiles
Ampliacion maquinarias
(-) Amortizacion de intangibles 240,000.00 240,000.00
Utilidad antes del impuesto 124,350,000.00 10,660,000.00 7,460,000.00
impusto 1,599,000.00 1,119,000.00
Utilidad neta 124,350,000.00 9,061,000.00 6,341,000.00
(+) Depreciacion 7,800,000.00 7,800,000.00
(+) Amortizacion de intangibles 240,000.00 240,000.00

(=) Flujo de caja economico 124,350,000.00 17,101,000.00 14,381,000.00

 55,000.00 55,000.00 55,000.00

3 4 5 6 7 8
50,000.00 50,000.00 50,000.00 60,000.00 60,000.00 60,000.00
600.00 600.00 600.00 600.00 600.00 600.00
30,000,000.00 30,000,000.00 30,000,000.00 36,000,000.00 36,000,000.00 38,500,000.00
30,000,000.00 30,000,000.00 30,000,000.00 36,000,000.00 36,000,000.00 36,000,000.00
2,500,000.00
- - 3,735,454.55 20,000,000.00 - 10,000,000.00

10,000,000.00
12,000,000.00
8,000,000.00

3,735,454.55
5,000,000.00 5,000,000.00 5,000,000.00 5,930,909.09 5,930,909.09 5,930,909.09
1,000,000.00 1,000,000.00 1,000,000.00 1,309,090.91 1,309,090.91 1,309,090.91
1,750,000.00 1,750,000.00 1,750,000.00 2,094,545.45 2,094,545.45 2,094,545.45
250,000.00 250,000.00 250,000.00 327,272.73 327,272.73 327,272.73
2,000,000.00 2,000,000.00 2,000,000.00 2,200,000.00 2,200,000.00 2,200,000.00
1,400,000.00 1,400,000.00 1,400,000.00 1,540,000.00 1,540,000.00 1,540,000.00
800,000.00 800,000.00 800,000.00 820,000.00 820,000.00 820,000.00
600,000.00 600,000.00 600,000.00 720,000.00 720,000.00 720,000.00

23,600,000.00 23,600,000.00 19,864,545.45 8,529,090.91 28,529,090.91 21,029,090.91

7,800,000.00 7,800,000.00 7,800,000.00 9,200,000.00 9,200,000.00 9,200,000.00
3,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00
4,800,000.00 4,800,000.00 4,800,000.00 4,800,000.00 4,800,000.00 4,800,000.00
600,000.00 600,000.00 600,000.00
800,000.00 800,000.00 800,000.00
240,000.00 240,000.00 240,000.00
15,560,000.00 15,560,000.00 11,824,545.45 - 670,909.09 19,329,090.91 11,829,090.91
2,334,000.00 2,334,000.00 1,773,681.82 - 100,636.36 2,899,363.64 1,774,363.64
13,226,000.00 13,226,000.00 10,050,863.64 - 570,272.73 16,429,727.27 10,054,727.27
7,800,000.00 7,800,000.00 7,800,000.00 9,200,000.00 9,200,000.00 9,200,000.00
240,000.00 240,000.00 240,000.00 - - -

21,266,000.00 21,266,000.00 18,090,863.64 8,629,727.27 25,629,727.27 19,254,727.27

 55,000.00 55,000.00

9 10 5630000
60,000.00 60,000.00 1540000
600.00 600.00 3585000
36,000,000.00 36,000,000.00
36,000,000.00 36,000,000.00

- -

20 55
32 55
5 55
5,930,909.09 5,930,909.09 precio 60
1,309,090.91 1,309,090.91 21.82
2,094,545.45 2,094,545.45 34.91 34.9090909091
327,272.73 327,272.73 5.45
2,200,000.00 2,200,000.00
1,540,000.00 1,540,000.00
820,000.00 820,000.00
720,000.00 720,000.00

28,529,090.91 28,529,090.91
9,200,000.00 9,200,000.00
3,000,000.00 3,000,000.00
4,800,000.00 4,800,000.00
600,000.00 600,000.00
800,000.00 800,000.00

19,329,090.91 19,329,090.91
2,899,363.64 2,899,363.64
16,429,727.27 16,429,727.27
9,200,000.00 9,200,000.00
- -

25,629,727.27 25,629,727.27