Activos fijos 100,000 vida útil

Capital de trabajo 85,990

Inversión total 185,990

Aporte de capital propio 32%

Préstamo bancario 68%
Tasa de interés del préstamo (Kd) 15% Costo de la deuda
Inflación anual 2%
Incremento Fresa A 5% Precios
Incremento Fresa B 5% Fresa A
Producción total 800,000 Kg Fresa B
Descarte
Costos de producción USD/kg Costo
Materia prima 0.50
Flete (del fundo al packing) 0.05
Maquila 0.47
Material de empaque 0.07
Otros 0.10
Total costo de producción 1.19
Gastos administrativos y de ventas 250,000
IR 15%
IGV 18%
Ke 21% Costo de oportunidad de los accionistas
CPPC 15.39% Tasa de descuento
Datos de ventas 0 1 2
Fresa A 61% 64%
Fresa B 17% 18%
Descarte 22% 18%

Producción 0 1 2
Fresa A 488,000.00 512,400.00
Fresa B 136,000.00 142,800.00
Descarte 176,000.00 144,800.00
Total 800,000.00 800,000.00

Precio
Fresa A 1.70 1.73
Fresa B 1.45 1.48
Descarte 0.48 0.49

Ingresos por ventas 1,111,280.00 1,170,596.88

Costos de ventas -952,000.00 -971,040.00

Utilidad bruta 159,280.00 199,556.88
Gastos administrativos y ventas -250,000.00 -250,000.00
Depreciación -10,000.00 -10,000.00
Utilidad operativa -100,720.00 -60,443.12
Gastos financieros -18,971.03 -16,157.33
Utilidad antes de impuestos -119,691.03 -76,600.45
Impuesto a la renta 17,953.65 11,490.07
Utilidad neta -101,737.37 -65,110.38

U Op + Depre -90,720.00 -50,443.12

Impuesto a la renta 17,953.65 11,490.07

Inversiones
Compra de activos -100,000.00
Capital de trabajo -85,990.44 -4,501.65 -4,789.20
Total de inversiones -185,990.44 -4,501.65 -4,789.20

Efecto del IGV

IGV de inversiones -18,000.00
Recuperación del IGV 18,000.00
Efecto neto del IGV -18,000.00 18,000.00

Flujo antes de la deuda -203,990.44 -59,268.00 -43,742.25

Flujo de la deuda
Ingresos por préstamos 126,473.50
Servicio de la deuda 0.00 -37,729.01 -37,729.01
Flujo de la deuda 126,473.50 -37,729.01 -37,729.01

Flujo Financiero -77,516.94 -96,997.01 -81,471.26

VAN 415,590.10
TIR 33%
 0 1
10 años Depreciación 10,000.00

Capital de trabajo 0 1
Ventas 1,111,280.00
Costo de ventas -952,000.00
Días de cobranza 20.00
Año 1 Días de inventario 7.00
1.7 Días de pago a proveedores 1.00
1.45
0.48 Saldo promedio en cuentas por cobrar 61,737.78
Saldo promedio en inventarios 21,608.22
Saldo promedio en cuentas por pagar 2,644.44
Capital de trabajo 85,990.44
Variación -85,990.44 -4,501.65

d de los accionistas

3 4 5 6 7 8
67% 71% 74% 74% 74% 74%
19% 20% 21% 21% 21% 21%
14% 10% 5% 5% 5% 5%

3 4 5 6 7 8
538,020.00 564,921.00 593,167.05 1,186,334.10 1,186,334.10 1,186,334.10
149,940.00 157,437.00 165,308.85 330,617.70 330,617.70 330,617.70
112,040.00 77,642.00 41,524.10 83,048.20 83,048.20 83,048.20
800,000.00 800,000.00 800,000.00 1,600,000.00 1,600,000.00 1,600,000.00

1.77 1.80 1.84 1.88 1.91 1.95

1.51 1.54 1.57 1.60 1.63 1.67
0.50 0.51 0.52 0.53 0.54 0.55

1,233,733.58 1,300,953.47 1,372,538.47 2,799,978.47 2,855,978.04 2,913,097.60

-990,460.80 -1,010,270.02 -1,030,475.42 -2,102,169.85 -2,144,213.25 -2,187,097.51

243,272.78 290,683.45 342,063.05 697,808.62 711,764.80 726,000.09
-250,000.00 -250,000.00 -250,000.00 -250,000.00 -250,000.00 -250,000.00
-10,000.00 -10,000.00 -10,000.00 -10,000.00 -10,000.00 -10,000.00
-16,727.22 30,683.45 82,063.05 437,808.62 451,764.80 466,000.09
-12,921.57 -9,200.46 -4,921.18 0.00 0.00 0.00
-29,648.80 21,482.99 77,141.88 437,808.62 451,764.80 466,000.09
4,447.32 -3,222.45 -11,571.28 -65,671.29 -67,764.72 -69,900.01
-25,201.48 18,260.55 65,570.59 372,137.33 384,000.08 396,100.08

-6,727.22 40,683.45 92,063.05 447,808.62 461,764.80 476,000.09

4,447.32 -3,222.45 -11,571.28 -65,671.29 -67,764.72 -69,900.01

-5,096.52 -5,425.00 -110,034.93 -4,316.75 -4,403.09 -4,491.15

-5,096.52 -5,425.00 -110,034.93 -4,316.75 -4,403.09 -4,491.15

-7,376.42 32,036.00 -29,543.16 377,820.58 389,596.99 401,608.93

-37,729.01 -37,729.01 -37,729.01 0.00 0.00 0.00

-37,729.01 -37,729.01 -37,729.01 0.00 0.00 0.00

-45,105.43 -5,693.01 -67,272.17 377,820.58 389,596.99 401,608.93

 2 3 4 5 6 7
10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00

2 3 4 5 6 7
1,170,596.88 1,233,733.58 1,300,953.47 1,372,538.47 2,799,978.47 2,855,978.04
-971,040.00 -990,460.80 -1,010,270.02 -1,030,475.42 -2,102,169.85 -2,144,213.25
20.00 20.00 20.00 20.00 20.00 20.00
7.00 7.00 7.00 7.00 7.00 7.00
1.00 1.00 1.00 1.00 1.00 1.00

65,033.16 68,540.75 72,275.19 76,252.14 155,554.36 158,665.45

22,761.61 23,989.26 25,296.32 26,688.25 54,444.03 55,532.91
2,697.33 2,751.28 2,806.31 2,862.43 5,839.36 5,956.15
90,492.10 95,281.30 100,377.82 105,802.82 215,837.75 220,154.50
-4,789.20 -5,096.52 -5,425.00 -110,034.93 -4,316.75 -4,403.09

9 10
74% 74%
21% 21%
5% 5%

9 10
1,186,334.10 1,186,334.10
330,617.70 330,617.70
83,048.20 83,048.20
1,600,000.00 1,600,000.00

1.99 2.03
1.70 1.73
0.56 0.57

2,971,359.56 3,030,786.75

-2,230,839.46 -2,275,456.25
740,520.10 755,330.50
-250,000.00 -250,000.00
-10,000.00 -10,000.00
480,520.10 495,330.50
0.00 0.00
480,520.10 495,330.50
-72,078.01 -74,299.57
408,442.08 421,030.92 1,873,492

490,520.10 505,330.50
-72,078.01 -74,299.57

-4,580.97 233,629.72
-4,580.97 233,629.72

413,861.11 664,660.64

0.00 0.00
0.00 0.00

413,861.11 664,660.64 1,873,492

 8 9 10
10,000.00 10,000.00 10,000.00

8 9 10
2,913,097.60 2,971,359.56 3,030,786.75
-2,187,097.51 -2,230,839.46 -2,275,456.25
20.00 20.00 20.00
7.00 7.00 7.00
1.00 1.00 1.00

161,838.76 165,075.53 168,377.04

56,643.56 57,776.44 58,931.96
6,075.27 6,196.78 6,320.71
224,557.59 229,048.74 233,629.72
-4,491.15 -4,580.97 233,629.72
 Financiamiento
Tasa de interés 15%
5 4 3 2 1
0 1 2 3 4 5
Saldo 126,474 107,716 86,144 61,336 32,808 -
Interés 18,971 16,157 12,922 9,200 4,921
Capital 18,758 21,572 24,807 28,529 32,808
Cuota 37,729 37,729 37,729 37,729 37,729