Calculo Del Wacc

A.
Ingresos
C. Costos de Produccin
Mano de Obra Especializada
Materiales y Suministros
Otros (Energa y Servicio)
Amortizacin
Depreciacin
UTILIDAD BRUTA
D. Gastos Operativos
Gastos Administracion
E. Utilidades antes de Impuestos
F. Impuestos (30%)
UTILIDAD NETA
1
109250.00
85440.00
25000.00
15000.00
6000.00
20000.00
19440.00
23810.00
10000.00
10000.00
13810.00
4143.00
9667.00
2
125637.50
85440.00
25000.00
15000.00
6000.00
20000.00
19440.00
40197.50
10000.00
10000.00
30197.50
9059.25
21138.25
3
144483.13
85440.00
25000.00
15000.00
6000.00
20000.00
19440.00
59043.12
10000.00
10000.00
49043.12
14712.94
34330.19
4
166155.59
85440.00
25000.00
15000.00
6000.00
20000.00
19440.00
80715.59
10000.00
10000.00
70715.59
21214.68
49500.92
5
191078.93
85440.00
25000.00
15000.00
6000.00
20000.00
19440.00
105638.93
10000.00
10000.00
95638.93
28691.68
66947.25
VR
0.00
10800.00
METODO FRANCES
Financiamiento
Periodo
Tasa
Pago
Tasa trimestral
Cuota
N
1
2
3
4
5
6
7
8
9
10
11
12
AO
1
2
3
Saldo Inicial
80000.00
74168.18
68196.40
62081.29
55819.42
49407.27
42841.22
36117.59
29232.59
22182.36
14962.91
7570.20
80000
3 aos
10%
Trimestral
2.40%
7751.82
Pago Intereses
1920.00
1780.04
1636.71
1489.95
1339.67
1185.77
1028.19
866.82
701.58
532.38
359.11
181.68
INTERES
AMORTIZACION
6826.70
24180.58
4420.45
26586.83
1774.75
29232.53
Cuota
7751.82
7751.82
7751.82
7751.82
7751.82
7751.82
7751.82
7751.82
7751.82
7751.82
7751.82
7751.82
1 + = (1 + )4
Amortizacin
Saldo de Capital
5831.82
74168.18
5971.78
68196.40
6115.11
62081.29
6261.87
55819.42
6412.15
49407.27
6566.05
42841.22
6723.63
36117.59
6885.00
29232.59
7050.24
22182.36
7219.44
14962.91
7392.71
7570.20
7570.14
0
A. Ingresos
Amortizacin
Depreciacin
UTILIDAD BRUTA
Gastos Financieros
F. Impuestos (30%)
UTILIDAD NETA
1
109250.00
85440.00
25000.00
15000.00
6000.00
20000.00
19440.00
23810.00
16826.70
10000.00
6826.70
6983.30
2094.99
4888.31
2
125637.50
85440.00
25000.00
15000.00
6000.00
20000.00
19440.00
40197.50
14420.45
10000.00
4420.45
25777.05
7733.11
18043.93
3
144483.13
85440.00
25000.00
15000.00
6000.00
20000.00
19440.00
59043.12
11774.75
10000.00
1774.75
47268.37
14180.51
33087.86
4
166155.59
85440.00
25000.00
15000.00
6000.00
20000.00
19440.00
80715.59
10000.00
10000.00
70715.59
21214.68
49500.92
5
191078.93
85440.00
25000.00
15000.00
6000.00
20000.00
19440.00
105638.93
10000.00
10000.00
95638.93
28691.68
66947.25
VR
0.00
10800.00
FINANCIAMIENTO NETO
Conceptos
Prstamo Recibido
Amortizaciones e Intereses
Amortizacin
Intereses (Al rebatir, 10%)
Escudo Tributario
Financiamiento Neto Corriente
Deflactor
Financiamiento Neto SIN INFLACION
Ao 0
80000.00
80000.00
Ao 1
Ao 2
31007.28
24180.58
6826.70
2048.01
-28959.27
1.030
-28115.80
31007.28
26586.83
4420.45
1326.14
-29681.14
1.061
-27977.33
Ao 3
60239.81
58465.05
1774.75
532.43
-59707.38
1.093
-54640.71

(1 + inf)
0
A. Ingresos
B. Costos de Inversin
Hardware
Software
Instalacin y Montaje
Capacitacin y Entrenamiento
Patente
Amortizacin
Depreciacin
UTILIDAD BRUTA
F. Impuestos (30%)
UTILIDAD NETA
ESTADO DE FLUJO DE EFECTIVO
Efectivo de las operaciones
Utilidad Neta
Depreciacion + amortizacion
Inversion
Valor Residual
FFN Econmico
1
109250.0
2
125637.5
85440.0
25000.0
15000.0
6000.0
20000.0
19440.0
23810.0
10000.0
10000.0
13810.0
4143.0
9667.0
85440.0
25000.0
15000.0
6000.0
20000.0
19440.0
40197.5
10000.0
10000.0
30197.5
9059.2
21138.3
9667.0
39440.0
21138.3
39440.0
49107.0
60578.3
208000.0
86400.0
19800.0
1500.0
300.0
100000.0
-208000.0
-208000.0
-208000.0
3
144483.1
4
166155.6
5
191078.9
85440.0
25000.0
15000.0
6000.0
20000.0
19440.0
59043.1
10000.0
10000.0
49043.1
14712.9
34330.2
85440.0
25000.0
15000.0
6000.0
20000.0
19440.0
80715.6
10000.0
10000.0
70715.6
21214.7
49500.9
85440.0
25000.0
15000.0
6000.0
20000.0
19440.0
105638.9
10000.0
10000.0
95638.9
28691.7
66947.3
34330.2
39440.0
49500.9
39440.0
66947.3
39440.0
73770.2
88940.9
10800.00
117187.3
TMAR =
20%
VANe =
TIRe=
B/C=
Payback
7668.77
21.43%
1.04
0.10
10%
PERIODO
SALDO INICIAL
interes
FCE
Balance Proyecto
0
0
0
-208000.0
208000.0
1
-208000.0
-20800
49107.0
-179693.0
2
-179693.0
-17969.3
60578.3
-137084.1
3
4
-137084.1
-77022.3
-13708.405 -7702.22675
73770.2
88940.9
-77022.3
4216.4
-21410.6318
5
4216.4
421.642137
117187.3
121825.3
0
A. Ingresos
B. Costos de Inversin
Hardware
Software
Instalacin y Montaje
Capacitacin y Entrenamiento
Patente
Amortizacin
Depreciacin
UTILIDAD BRUTA
F. Impuestos (30%)
UTILIDAD NETA
ESTADO DE FLUJO DE EFECTIVO
Efectivo de las operaciones
Utilidad Neta
Depreciacion + amortizacion
Inversion
Valor Residual
FFN Econmico
FFN
FFN FINANCIEAMIENTO
1
109250.0
2
125637.5
85440.0
25000.0
15000.0
6000.0
20000.0
19440.0
23810.0
10000.0
10000.0
13810.0
4143.0
9667.0
85440.0
25000.0
15000.0
6000.0
20000.0
19440.0
40197.5
10000.0
10000.0
30197.5
9059.2
21138.3
9667.0
39440.0
21138.3
39440.0
49107.0
-28115.80
20991.2
60578.3
-27977.33
32600.9
208000.0
86400.0
19800.0
1500.0
300.0
100000.0
-208000.0
-208000.0
-208000.0
80000.00
-128000.0
3
144483.1
4
166155.6
5
191078.9
WACC
85440.0
25000.0
15000.0
6000.0
20000.0
19440.0
59043.1
10000.0
10000.0
49043.1
14712.9
34330.2
85440.0
25000.0
15000.0
6000.0
20000.0
19440.0
80715.6
10000.0
10000.0
70715.6
21214.7
49500.9
85440.0
25000.0
15000.0
6000.0
20000.0
19440.0
105638.9
10000.0
10000.0
95638.9
28691.7
66947.3
34330.2
39440.0
49500.9
39440.0
66947.3
39440.0
88940.9
10800.00
117187.3
88940.9
117187.3
73770.2
-54640.71
19129.5
VANf =
TIRf=
B/C=
Payback
9.30%
70587.64
23.38%
1.55
0.125
10%
PERIODO
SALDO INICIAL
interes
FCF
Balance Proyecto
0
0
0
-128000.0
-128000.0
1
2
3
4
5
-128000.0
-107008.8
-85108.8
-74490.1
7001.8
0 -10700.8796 -8510.87508 -7449.01496 700.175105
20991.2
32600.9
19129.5
88940.9
117187.3
-107008.8
-85108.8
-74490.1
7001.8
124889.2
-15959.89
CALCULO DEL WACC

Calculo Del Wacc

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Calculo Del Wacc

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CALCULO DEL WACC

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