Depreciacion $ 75,650,000 PUNTO 1

inversión $ 850,000,000
costo variable unitario mitad de precio de venta
salvamento 11%
costos fijos $ 380,000,000
horizonte 10 años
Demanda 8000
aumento de costos (fyv) 6%
aumento demanda 5% 8%
3 primeros años del 3 en adelante
tasa impuestos 33%
TMAR 18%
VPN $ 45,000,000
PV $ 110,374
TIR 19%

15% Prestamo capital 65%

HORIZONTE 5 AÑOS
CUOTAS CON UN INCREMENTO DEL 5% ANUAL
VPN $ 45,000,000
PV $ 114,980.89
TIR 20%
 0 1 2 3
PRECIO $ 110,374 $ 115,892 $ 121,687
DEMANDA 8000 8400 8820
INGRESOS $ 882,990,229 $ 973,496,728 $ 1,073,280,142
OTROS INGRESOS
Total ingresos $ 882,990,229 $ 973,496,728 $ 1,073,280,142
COSTOS FIJOS $ 380,000,000 $ 402,800,000 $ 426,968,000
COSTOS VARIABLES $ 55,187 $ 57,946 $ 60,844
COSTOS TOTALES $ 821,495,115 $ 889,548,364 $ 963,608,071
EXCEDENTE BRUTO $ 61,495,115 $ 83,948,364 $ 109,672,071
DEPRECIACION $ 75,650,000 $ 75,650,000 $ 75,650,000
EXCEDENTE GRAVADO -$ 14,154,885 $ 8,298,364 $ 34,022,071
IMPUESTOS -$ 4,671,112 $ 2,738,460 $ 11,227,284
INVERSIÓN $ 850,000,000
FCL -$ 850,000,000 $ 66,166,227 $ 81,209,904 $ 98,444,788
VPN $ 45,000,000
TIR 19%
PUNTO 2
PERIODO 0 1 2 3
CAPITAL INICIAL $ 552,500,000 $ 504,027,427 $ 441,716,590 $ 363,163,380
INTERES $ 82,875,000 $ 75,604,114 $ 66,257,489 $ 54,474,507
AMORTIZACIÓN $ 48,472,573 $ 62,310,837 $ 78,553,210 $ 97,576,727
CUOTA $ 131,347,573 $ 137,914,951 $ 144,810,699 $ 152,051,234
CAPITAL FINAL $ 504,027,427 $ 441,716,590 $ 363,163,380 $ 265,586,654

0 1 2 3
PRECIO $ 114,981 $ 118,430 $ 121,983
DEMANDA 8000 8400 8820
INGRESOS $ 919,847,114 $ 994,814,653 $ 1,075,892,048
OTROS INGRESOS
Total ingresos $ 919,847,114 $ 994,814,653 $ 1,075,892,048
COSTOS FIJOS $ 380,000,000 $ 402,800,000 $ 426,968,000
COSTOS VARIABLES $ 57,490 $ 59,215 $ 60,992
COSTOS TOTALES $ 839,923,557 $ 900,207,327 $ 964,914,024
EXCEDENTE BRUTO $ 79,923,557 $ 94,607,327 $ 110,978,024
DEPRECIACION $ 75,650,000 $ 75,650,000 $ 75,650,000
INTERES $ 82,875,000 $ 75,604,114 $ 66,257,489
EXCEDENTE GRAVADO -$ 78,601,443 -$ 56,646,787 -$ 30,929,465
IMPUESTOS -$ 25,938,476 -$ 18,693,440 -$ 10,206,723
INVERSIÓN $ 280,500,000
AMORTIZACIÓN $ 48,472,573 $ 62,310,837 $ 78,553,210
FCL -$ 280,500,000 -$ 25,485,539 -$ 24,614,185 -$ 23,625,951
VNA $ 45,000,000
TIR 20%
 4 5 6 7 8
$ 131,422 $ 141,936 $ 153,291 $ 165,554 $ 178,798
9525.6 10287.648 11110.65984 11999.5126272 12959.473637376
$ 1,251,873,958 $ 1,460,185,785 $ 1,703,160,699 $ 1,986,566,640 $ 2,317,131,329

$ 1,251,873,958 $ 1,460,185,785 $ 1,703,160,699 $ 1,986,566,640 $ 2,317,131,329

$ 452,586,080 $ 479,741,245 $ 508,525,719 $ 539,037,263 $ 571,379,498
$ 65,711 $ 70,968 $ 76,645 $ 82,777 $ 89,399
$ 1,078,523,059 $ 1,209,834,137 $ 1,360,106,069 $ 1,532,320,583 $ 1,729,945,163
$ 173,350,899 $ 250,351,648 $ 343,054,630 $ 454,246,057 $ 587,186,166
$ 75,650,000 $ 75,650,000 $ 75,650,000 $ 75,650,000 $ 75,650,000
$ 97,700,899 $ 174,701,648 $ 267,404,630 $ 378,596,057 $ 511,536,166
$ 32,241,297 $ 57,651,544 $ 88,243,528 $ 124,936,699 $ 168,806,935

$ 141,109,602 $ 192,700,104 $ 254,811,102 $ 329,309,358 $ 418,379,231

PUNTO 2
4 5
$ 265,586,654 $ 145,770,857
$ 39,837,998 $ 21,865,628
$ 119,815,797 $ 145,770,857
$ 159,653,795 $ 167,636,485
$ 145,770,857 $ -

4 5 6 7 8
$ 128,082 $ 134,487 $ 141,211 $ 148,271 $ 155,685
9525.6 10287.648 11110.65984 11999.5126272 12959.473637376
$ 1,220,061,582 $ 1,383,549,834 $ 1,568,945,512 $ 1,779,184,210 $ 2,017,594,895

$ 1,220,061,582 $ 1,383,549,834 $ 1,568,945,512 $ 1,779,184,210 $ 2,017,594,895

$ 452,586,080 $ 479,741,245 $ 508,525,719 $ 539,037,263 $ 571,379,498
$ 64,041 $ 67,243 $ 70,605 $ 74,136 $ 77,842
$ 1,062,616,871 $ 1,171,516,162 $ 1,292,998,475 $ 1,428,629,368 $ 1,580,176,946
$ 157,444,711 $ 212,033,672 $ 275,947,036 $ 350,554,843 $ 437,417,949
$ 75,650,000 $ 75,650,000 $ 75,650,000 $ 75,650,000 $ 75,650,000
$ 54,474,507 $ 39,837,998 $ 21,865,628 $ - $ -
$ 27,320,204 $ 96,545,674 $ 178,431,408 $ 274,904,843 $ 361,767,949
$ 9,015,667 $ 31,860,072 $ 58,882,365 $ 90,718,598 $ 119,383,423

$ 97,576,727 $ 119,815,797 $ 145,770,857 $ - $ -

-$ 3,622,190 $ 20,519,804 $ 49,428,187 $ 259,836,244 $ 318,034,526
 9 10
$ 193,102 $ 208,550
13996.2315283661 15115.9300506354
$ 2,702,701,982 $ 3,152,431,592
$ 93,500,000
$ 2,702,701,982 $ 3,245,931,592
$ 605,662,268 $ 642,002,004
$ 96,551 $ 104,275
$ 1,957,013,259 $ 2,218,217,800
$ 745,688,723 $ 1,027,713,791
$ 75,650,000 $ 75,650,000
$ 670,038,723 $ 952,063,791
$ 221,112,778 $ 314,181,051

$ 524,575,944 $ 713,532,740

9 10
$ 163,469 $ 171,643
13996.2315283661 15115.9300506354
$ 2,287,952,610 $ 2,594,538,260
$ 93,500,000
$ 2,287,952,610 $ 2,688,038,260
$ 605,662,268 $ 642,002,004
$ 81,735 $ 85,821
$ 1,749,638,574 $ 1,939,271,135
$ 538,314,037 $ 748,767,126
$ 75,650,000 $ 75,650,000
$ - $ -
$ 462,664,037 $ 673,117,126
$ 152,679,132 $ 222,128,651

$ - $ -
$ 385,634,905 $ 526,638,474
2-Dec 12-Sep