PROGRAMA INTERACTIVO

PROYECCIONES FINANCIERAS

 UNIDAD Gr
TAMAO DE
UNIDAD 250
VECES DE
DESVIACION
DEL PRECIO 1

CANTIDAD X PRECIO X
PRODUCTOS COMPETENCIA UNIDAD PRECIO UNIDAD
MAYONESA
MAYONESA MAGGI VIDRIO 220 1.6 0.007272727
MAYONESA MAGGI LIGHT VIDRIO 220 1.5 0.006818182
MAYONESA MAGGI SACHET 350 3.35 0.009571429
MAYONESA MAGGI SACHET 100 0.6 0.006
MAYONESA GUSTADINA SACHET 200 0.95 0.00475
MAYONESA GUSTADINA SQUIZ 300 1.65 0.0055
MAYONESA GUSTADINA LIGHT SQUIZ 310 1.95 0.006290323
MAYONESA KRAFT VIDRIO 227 1.5 0.00660793
MAYONESA KRAFT VIDRIO 284 2.1 0.007394366
MAYONESA LOS ANDES FCO PLAST 330 1.8 0.005454545
S TOMATE GUSTADINA SQUIZ 360 1.3 0.003611111
S TOMATE GUSTADINA LIGHT SQUIZ 360 1.5 0.004166667
GUSTADINA GOLF SQUIZ 340 1.6 0.004705882
SALSA AJI INDIO BRAVO FCO PLAST (PRONACA) 100 0.65 0.0065
SALSA CESAR FCO PLAST (TERRAFERTIL) 320 3.5 0.0109375
MOSTAZA MAGGI VIDRIO 240 0.92 0.003833333
SALSA GUACAMOLE PACOSE SACHET 235 1.62 0.006893617

PRECIO X
GRAMO
promedio 0.006253389
varianza 3.7078E-006
Desviacion Estandar 0.001925577

PRECIO SUGERIDO

DETALLE MEDIDA UNIDAD

Cantidad gr 250
PVP Sugerido Unidad 2.05
PV Minorista Unidad 1.64
PV Mayorista Unidad 1.48
Costo de Venta Unidad 0.52
Margen Ganancia Unidad 0.96
 PRECIO A
UNIDAD
PROPIA

1.818181818
1.704545455
2.392857143
1.5
1.1875
1.375
1.572580645
1.651982379
1.848591549
1.363636364
0.902777778
1.041666667
1.176470588
1.625
2.734375
0.958333333
1.723404255

PRECIO A
250 GR
1.563347234
0.000926962
0.481394232

GERIDO
CAJA (24
Uni)
6000
49.20
39.36
35.42
12.48
22.94
 CALCULO DE LA DEMANDA
unidades
consumo promedio 24 veces x mes
Consumo x porcion 14 gr
Veces consumo x frasco 18 veces
frascos necesario x mes 1.33 frascos

Numero de familias Gye 550000

% Clase social 15%
% Consumo aderezos 96.67%
Intencion de compra 82.67%
% participacion de mercado 65%
% cobertura de mercado 85%

DEMANDA CUBIERTA 36426

DEMANDA CUBIERTA FRASCOS 48447

De acuerdo a tus datos, tus ventas mensuales para los tres primeros aos seran:

Ventas Mensuales 3 Aos

$180,000.00
$160,000.00
$140,000.00
$120,000.00
$100,000.00
$80,000.00
$60,000.00
$40,000.00
$20,000.00
$-
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
s Mensuales 3 Aos

12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
Sueldos y Salarios:
Comisin Mensual
Sueldo
Nmero de Nominal por Sueldo base +
Selecciona puesto: Mensual Sueldo Anual Total Nmina
puestos puesto (% comisiones
Nominal
de ventas)

1 $ 650.00 $ 7,800.00 $ 7,800.00 0.00% $ 650.00

1 $ 450.00 $ 5,400.00 $ 5,400.00 0.00% $ 450.00

5 $ 300.00 $ 3,600.00 $ 18,000.00 0.00% $ 1,500.00

Director de
Gerente general
Ventas
 PRESUPUESTO MERCADEO MENSUAL
Rubro Detalle COSTO UNI CANT/MES TOTAL MES
DIARIOS Fines de semana 1250 4 5000
REVISTAS hogar, fucsia, vanidades, otras 2800 2 5600
TELEVISION COMERCIALES programas de cocina y familiares 234 88 20592
TELEVISION MENCIONES programas de cocina y familiares 20000 1 20000
MATERIAL PUBLICITARIO Material POP 15000 1 15000
TOTAL MENSUAL DE PUBLICIDAD Y PROMOCION 66192

PRESUPUESTO MERCADEO ANUAL

Rubro AO 1 AO 2 AO 3 AO 4 AO 5
DIARIOS 60000 48000 38400 30720 24576
REVISTAS 67200 53760 43008 34406 27525
TELEVISION COMERCIALES 247104 197683 158147 126517 101214
TELEVISION MENCIONES 240000 192000 153600 122880 98304
MATERIAL PUBLICITARIO 180000 144000 115200 92160 73728
TOTAL DE MERCADEO 794304 635443 508355 406684 325347
 GASTOS PRE-OPERATIVOS
RUBRO VALOR
SUELDOS 3000
MOVILIZACION 200
COMUNICACIONES 100
SUMINISTROS 250
GASTOS VARIOS 500
TOTAL DE GASTOS DE ORGANIZACIN 4050

GASTOS LEGALES 2000

GASTOS DE INVESTIGACION 2500
TOTAL DE GASTOS PREOPERATIVOS 8550
 PRESUPUESTO DE INVERSION EN ACTIVOS FIJOS

RUBRO CANTIDAD PRECIO TOTAL

MUEBLES Y ENSERES
MATERIALES DE OFICINA 1 250 250
TOTAL MUEBLES Y ENSERES 250
TOTAL EQUIPOS DE COMPUTO 0
TOTAL REDES Y EQUIPOS DE COMUNICACIN 0
OTROS ACTIVOS 1 500 500
TOTAL DE ACTIVOS FIJOS 750
 Total Mensual
Gastos fijos
corporativa.
Renta (m) $ 250.00
Luz $ 250.00
Agua $ 100.00
Comunicaciones $ 300.00
Seguros y fianzas $ 100.00
Seguridad $ 150.00
Papelera y gastos de oficina $ 250.00
Otros $ 200.00
SubTotal gastos fijos $ 1,600.00

Gastos variables de produccin para el primer mes:

Costos Unitarios

Naturezzo Aderezo de Yogurt $ 0.52

Inventario requerido para el
segundo mes, % de ventas 5%
estimadas
Total Gastos Variables $ 26,452.06

Gastos de instalacin oficinas corporativas: Necesitas hacer ms gastos de instalacin? OPCIONAL

Primer mes:

Terreno
Edificio
Comunicaciones
Mobiliario y enseres
Acondicionamiento (m)
Equipos de computacion
Otros
Total gastos de instalacin
$ - $ - $ - $ -
$ - $ - $ - $ -
$ - $ - $ - $ -
$ 250 $ - $ - $ -
$ - $ - $ - $ -
$ - $ - $ -
$ 500 $ - $ - $ -
$ 750 $ - $ - $ -
Si tus ingresos son por comisin, puedes saltarte esta hoja y pasar a Financiamiento.

Cuentas por Cobrar:

Determina tus ventas a crdito:

Del total de tus ventas, qu porcentaje se vende a crdito? 50%

Con estos datos, tus ventas a contado son: 50%

Determina el plazo promedio de cobro:

Del total de tus ventas a crdito, a qu plazo estas vendiendo?

Se asume constante para todos los periodos, productos, servicios y puntos de venta.

Inventarios:

Determina el monto de inventarios requeridos para cada periodo:

Tu inventario para el siguiente periodo es del 5.0% de las ventas.

Viene de la hoja de "Gastos"
Se asume constante para todos los meses, para todos los prductos, para todos los servicios

Cuentas por Pagar:

Determina tus compras a crdito:

Del total de tus compras, qu porcentaje se compra a crdito? 75%

Con estos datos, tus compras a contado son: 25%

Determina el plazo promedio de pago:

Del total de tus compras a crdito, a qu plazo estas pagando?

Se asume constante para todos los periodos.

Esta hoja describe tus fuentes de financiamiento:

De acuerdo a tus datos, para el primer mes:

Tu empresa: REQUIERE financiamiento.

El monto de la inversin inicial es: $208,118 Asume un 10% adicional.

Es importante determinar de donde se obtienen los fondos.

Existen dos fuentes principales, deuda y capital.

Deuda se divide en deuda de corto plazo y de largo plazo.
Capital se divide en capital propio y capital externo.

Determina, del total de la inversin inicial requerida:

Inversin que se debe conseguir: $0
Cunto se financia con capital propio? $250,000
Cunto se financia con capital externo? $0
Cunto se financia con deuda a corto plazo? $0
Cunto se financia con deuda a largo plazo? $0

TOTAL: $250,000
n 10% adicional.
AMORTIZACION DEUDA Corto Plazo
Importe del prstamo 0.00
Nro. de Cuotas 0
Comisin de Apertura 0.00
Comisin de Mnima 0.00
Tasa de interes 0%
T.E.M 0.00%
Tasa Cobrada 0.00%

N de Cuota Deuda Cap. Inters Cuota Amortizacin Cap. Cancel.

AMORTIZACION DEUDA Largo Plazo
Importe del prstamo 0.00
Nro. de Cuotas 0
Comisin de Apertura 0.00
Comisin de Mnima 0.00
Tasa de interes 0%
T.E.M 0.00%
Tasa Cobrada 0.00%

N de Cuota Deuda Cap. Inters Cuota Amortizacin Cap. Cancel.

 NATUREZZO TONI
Estado de Resultados:

Ingresos:
Nacional:
Ingresos por productos $71,508 $72,728 $73,970 $76,722 $79,577 $82,538 $86,441 $90,528
Total Ingresos $71,508 $72,728 $73,970 $76,722 $79,577 $82,538 $86,441 $90,528

Costo de Venta $26,452 $26,904 $27,363 $28,381 $29,437 $30,532 $31,976 $33,488

Utilidad Bruta $45,056 $45,825 $46,607 $48,341 $50,140 $52,006 $54,465 $57,040

Gastos operativos:
Gastos fijos $1,600 $1,611 $1,622 $1,634 $1,645 $1,657 $1,668 $1,680
Sueldos y salarios $3,260 $3,260 $3,260 $3,260 $3,260 $3,260 $3,260 $3,260
Comisiones $0 $0 $0 $0 $0 $0 $0 $0
Gastos de Promocion y Publicidad $66,192 $66,192 $66,192 $66,192 $66,192 $66,192 $66,192 $66,192
Otros Gastos $100 $100 $100 $100 $100 $100 $100 $100
Total gastos operativos $71,152 $71,163 $71,174 $71,186 $71,197 $71,209 $71,220 $71,232

Ebitda -$26,096 -$25,338 -$24,567 -$22,845 -$21,057 -$19,203 -$16,756 -$14,192

Depreciacin y Amortizacin -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6
Utilidad (perdida) de Operacin -$26,103 -$25,345 -$24,574 -$22,851 -$21,063 -$19,209 -$16,762 -$14,199
Gastos financieros corto plazo $0 $0 $0 $0 $0 $0 $0 $0
Gastos financieros largo plazo $0 $0 $0 $0 $0 $0 $0 $0
Utilidad antes de impuestos -$26,103 -$25,345 -$24,574 -$22,851 -$21,063 -$19,209 -$16,762 -$14,199
ISR (25%) $0 $0 $0 $0 $0 $0 $0 $0
PTU (15%) $0 $0 $0 $0 $0 $0 $0 $0
Utilidad (prdida neta) -$26,103 -$25,345 -$24,574 -$22,851 -$21,063 -$19,209 -$16,762 -$14,199
Margen de utilidades netas: -36.50% -34.85% -33.22% -29.78% -26.47% -23.27% -19.39% -15.68%

NATUREZZO TONI
Balance General

Activo circulante
Caja y bancos $211,560 $177,322 $152,358 $128,736 $106,873 $86,807 $68,948 $53,600
Clientes $17,877 $18,182 $18,492 $19,181 $19,894 $20,635 $21,610 $22,632
Inventarios. $3,636 $3,698 $3,836 $3,979 $4,127 $4,322 $4,526 $4,740
Total activo circulante $233,073 $199,202 $174,686 $151,895 $130,894 $111,764 $95,085 $80,973

Activo Fijo
Terreno $0 $0 $0 $0 $0 $0 $0 $0
Edificio $0 $0 $0 $0 $0 $0 $0 $0
Comunicaciones $0 $0 $0 $0 $0 $0 $0 $0
Mobiliario y enseres $248 $246 $244 $242 $240 $238 $235 $233
Acondicionamiento (m) $0 $0 $0 $0 $0 $0 $0 $0
Equipos de computacion $0 $0 $0 $0 $0 $0 $0 $0
Otros $496 $492 $488 $483 $479 $475 $471 $467
Depreciacin acumulada: -$6 -$12 -$19 -$25 -$31 -$37 -$44 -$50
Total activo fijo $744 $738 $731 $725 $719 $713 $706 $700

Activo total $233,817 $199,940 $175,418 $152,621 $131,613 $112,477 $95,791 $81,673

Pasivo Circulante
Proveedores $9,920 $1,387 $1,439 $1,492 $1,548 $1,621 $1,697 $1,778
Crditos bancarios $0 $0 $0 $0 $0 $0 $0 $0
Total pasivo circulante $9,920 $1,387 $1,439 $1,492 $1,548 $1,621 $1,697 $1,778

Pasivo largo plazo $0 $0 $0 $0 $0 $0 $0 $0

Pasivo total $9,920 $1,387 $1,439 $1,492 $1,548 $1,621 $1,697 $1,778

Capital Contable
Capital social $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000
Resultados de ejercicios anteriores $0 -$26,103 -$51,447 -$76,021 -$98,872 -$119,935 -$139,144 -$155,906
Resultado del ejercicio -$26,103 -$25,345 -$24,574 -$22,851 -$21,063 -$19,209 -$16,762 -$14,199
Total Capital Contable $223,897 $198,553 $173,979 $151,128 $130,065 $110,856 $94,094 $79,895

Pasivo + Capital $233,817 $199,940 $175,418 $152,621 $131,613 $112,477 $95,791 $81,673

NATUREZZO TONI
Flujo de Efectivo

Utilidad neta -$26,103 -$25,345 -$24,574 -$22,851 -$21,063 -$19,209 -$16,762 -$14,199
+ depreciacin y amortizacin -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6
Generacin bruta de efectivo -$26,096 -$25,338 -$24,567 -$22,845 -$21,057 -$19,203 -$16,756 -$14,192

Usos Operativos
Financiamiento a cuentas por cobrar -$17,877 -$305 -$310 -$688 -$714 -$740 -$976 -$1,022
Financiamiento a inventarios -$3,636 -$62 -$138 -$143 -$148 -$195 -$204 -$214
Total usos operativos -$21,513 -$367 -$448 -$831 -$862 -$935 -$1,180 -$1,236

Fuentes Operativas
Financiamiento (amort.) proveedores $9,920 -$8,533 $52 $54 $56 $73 $77 $80
Total fuentes operativas $9,920 -$8,533 $52 $54 $56 $73 $77 $80

Generacin Neta Operativa -$37,690 -$34,238 -$24,964 -$23,622 -$21,863 -$20,065 -$17,859 -$15,348

Fuentes de Instituciones de Crdito

Financ. (amort.) crditos bancarios corto plazo $0 $0 $0 $0 $0 $0 $0 $0
Financ. (amort.) crditos bancarios largo plazo $0 $0 $0 $0 $0 $0 $0 $0
Financiamiento neto con costo $0 $0 $0 $0 $0 $0 $0 $0

Usos no operativos
Venta (inversin) en activos fijos -$750 $0 $0 $0 $0 $0 $0 $0
Venta (inversin) en activos diferidos $0 $0 $0 $0 $0 $0 $0 $0
Pago de dividendos $0 $0 $0 $0 $0 $0 $0 $0
Total de usos no operativos -$750 $0 $0 $0 $0 $0 $0 $0

Fuentes no operativas
Aportaciones (retiros) de capital $250,000 $0 $0 $0 $0 $0 $0 $0
Total fuentes no operativas $250,000 $0 $0 $0 $0 $0 $0 $0

Generacin de flujo no operativa $249,250 $0 $0 $0 $0 $0 $0 $0

Generacin Neta de Flujo de Efectivo $211,560 -$34,238 -$24,964 -$23,622 -$21,863 -$20,065 -$17,859 -$15,348

Caja inicial $0 $211,560 $177,322 $152,358 $128,736 $106,873 $86,807 $68,948

Caja final $211,560 $177,322 $152,358 $128,736 $106,873 $86,807 $68,948 $53,600

Razones Financieras

Actividad
Ventas netas a activos fijos 9614.17% 9860.81% 10114.50% 10580.93% 11069.68% 11581.87% 12236.35% 12928.81%
 Ventas netas a capital contable 31.94% 36.63% 42.52% 50.77% 61.18% 74.46% 91.87% 113.31%
Gastos a ventas netas 99.50% 97.85% 96.22% 92.78% 89.47% 86.27% 82.39% 78.69%
Costo de Ventas a ventas netas 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99%
Liquidez
Activo circulante a pasivo a corto plazo 2349.64% 14362.76% 12143.29% 10180.17% 8457.90% 6895.76% 5601.82% 4555.05%
Activo total a pasivo total 2357.14% 14415.94% 12194.12% 10228.77% 8504.35% 6939.73% 5643.44% 4594.44%
Das clientes 15 15 15 15 15 15 15 15
Das proveedores 15 15 15 15 15 15 15 15
Apalancamiento
Pasivo total a capital contable 4.43% 0.70% 0.83% 0.99% 1.19% 1.46% 1.80% 2.22%
Productividad
Utilidad de operacin a ventas netas -36.49% -34.84% -33.21% -29.78% -26.46% -23.27% -19.38% -15.68%
Utilidad neta a ventas netas -36.50% -34.85% -33.22% -29.78% -26.47% -23.27% -19.39% -15.68%
Crecimiento
En ventas netas N.A.
En utilidad de operacin N.A.
En utilidad neta N.A.

Integracin de activos fijos

1. Valor de activos fijos

Terreno $0 $0 $0 $0 $0 $0 $0 $0
Edificio $0 $0 $0 $0 $0 $0 $0 $0
Comunicaciones $0 $0 $0 $0 $0 $0 $0 $0
Mobiliario y enseres $248 $246 $244 $242 $240 $238 $235 $233
Acondicionamiento (m) $0 $0 $0 $0 $0 $0 $0 $0
Equipos de computacion $0 $0 $0 $0 $0 $0 $0 $0
Otros $496 $492 $488 $483 $479 $475 $471 $467
Propiedades, planta y equipo $744 $738 $731 $725 $719 $713 $706 $700

2. Inversin ($) en activos fijos

Terreno $0 $0 $0 $0 $0 $0 $0 $0
Edificio $0 $0 $0 $0 $0 $0 $0 $0
Comunicaciones $0 $0 $0 $0 $0 $0 $0 $0
Mobiliario y enseres $250 $0 $0 $0 $0 $0 $0 $0
Acondicionamiento (m) $0 $0 $0 $0 $0 $0 $0 $0
Equipos de Computacion $0 $0 $0 $0 $0 $0 $0 $0
Otros $500 $0 $0 $0 $0 $0 $0 $0
Inversin total $750 $0 $0 $0 $0 $0 $0 $0
Depreciacin activos fijos ($)
Terreno $0 $0 $0 $0 $0 $0 $0 $0
Edificio $0 $0 $0 $0 $0 $0 $0 $0
Comunicaciones $0 $0 $0 $0 $0 $0 $0 $0
Mobiliario y enseres -$2 -$2 -$2 -$2 -$2 -$2 -$2 -$2
Acondicionamiento (m) $0 $0 $0 $0 $0 $0 $0 $0
Equipos de Computacion $0 $0 $0 $0 $0 $0 $0 $0
Otros -$4 -$4 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15
Depreciacin acumulada -$6 -$12.45 -$18.68 -$24.90 -$31.13 -$37.35 -$43.58 -$49.80
Depreciacin Mensual -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6

Depreciacin (%)
Terreno 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Edificio 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
Comunicaciones 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78%
Mobiliario y enseres 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
Acondicionamiento (m) 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
Equipos de Computacion 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
Otros 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%

Inflacin mensual 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70%
 AO 1

$94,808 $99,290 $103,985 $108,901 $1,040,995 $111,857 $114,892 $118,011 $120,025 $122,074 $124,158 $126,277
$94,808 $99,290 $103,985 $108,901 $1,040,995 $111,857 $114,892 $118,011 $120,025 $122,074 $124,158 $126,277

$35,071 $36,729 $38,466 $40,285 $385,084 $41,378 $42,501 $43,654 $44,399 $45,157 $45,928 $46,712

$59,737 $62,561 $65,519 $68,616 $655,912 $70,479 $72,392 $74,356 $75,625 $76,916 $78,229 $79,565

$1,692 $1,704 $1,716 $1,728 $19,957 $1,740 $1,752 $1,764 $1,776 $1,789 $1,801 $1,814
$3,260 $3,260 $3,260 $3,260 $39,120 $3,545 $3,545 $3,545 $3,545 $3,545 $3,545 $3,545
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$66,192 $66,192 $66,192 $66,192 $794,304 $52,954 $52,954 $52,954 $52,954 $52,954 $52,954 $52,954
$100 $100 $100 $100 $1,200 $100 $100 $100 $100 $100 $100 $100
$71,244 $71,256 $71,268 $71,280 $854,581 $58,338 $58,350 $58,362 $58,375 $58,387 $58,400 $58,412

-$11,507 -$8,695 -$5,749 -$2,663 -$198,669 $12,141 $14,041 $15,994 $17,251 $18,529 $19,830 $21,152
-$6 -$6 -$6 -$6 -$75 -$6 -$6 -$6 -$6 -$6 -$6 -$6
-$11,514 -$8,701 -$5,755 -$2,669 -$198,744 $12,135 $14,035 $15,988 $17,245 $18,523 $19,823 $21,146
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$11,514 -$8,701 -$5,755 -$2,669 -$198,744 $12,135 $14,035 $15,988 $17,245 $18,523 $19,823 $21,146
$0 $0 $0 $0 $0 $3,034 $3,509 $3,997 $4,311 $4,631 $4,956 $5,287
$0 $0 $0 $0 $0 $1,820 $2,105 $2,398 $2,587 $2,778 $2,974 $3,172
-$11,514 -$8,701 -$5,755 -$2,669 -$198,744 $7,281 $8,421 $9,593 $10,347 $11,114 $11,894 $12,688
-12.14% -8.76% -5.53% -2.45% -19.09% 6.51% 7.33% 8.13% 8.62% 9.10% 9.58% 10.05%

$40,883 $30,921 $23,845 $19,860 $19,860 $26,313 $33,884 $42,641 $52,426 $62,969 $74,282 $86,379
$23,702 $24,823 $25,996 $27,225 $27,225 $27,964 $28,723 $29,503 $30,006 $30,518 $31,039 $31,569
$4,965 $5,199 $5,445 $5,593 $5,593 $5,745 $5,901 $6,001 $6,104 $6,208 $6,314 $6,422
 $69,549 $60,943 $55,286 $52,678 $52,678 $60,022 $68,508 $78,145 $88,536 $99,695 $111,635 $124,369

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$231 $229 $227 $225 $225 $223 $221 $219 $217 $215 $213 $211
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$463 $459 $454 $450 $450 $446 $442 $438 $434 $429 $425 $421
-$56 -$62 -$68 -$75 -$75 -$81 -$87 -$93 -$100 -$106 -$112 -$118
$694 $688 $682 $675 $675 $669 $663 $657 $650 $644 $638 $632

$70,243 $61,630 $55,967 $53,354 $53,354 $60,691 $69,171 $78,801 $89,186 $100,339 $112,273 $125,001

$1,862 $1,950 $2,042 $2,097 $2,097 $2,154 $2,213 $2,250 $2,289 $2,328 $2,368 $2,408
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$1,862 $1,950 $2,042 $2,097 $2,097 $2,154 $2,213 $2,250 $2,289 $2,328 $2,368 $2,408

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$1,862 $1,950 $2,042 $2,097 $2,097 $2,154 $2,213 $2,250 $2,289 $2,328 $2,368 $2,408

$250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000
-$170,105 -$181,618 -$190,319 -$196,074 -$196,074 -$198,744 -$191,463 -$183,042 -$173,449 -$163,103 -$151,989 -$140,095
-$11,514 -$8,701 -$5,755 -$2,669 -$2,669 $7,281 $8,421 $9,593 $10,347 $11,114 $11,894 $12,688
$68,382 $59,681 $53,926 $51,256 $51,256 $58,537 $66,958 $76,551 $86,897 $98,011 $109,905 $122,593

$70,243 $61,630 $55,967 $53,354 $53,354 $60,691 $69,171 $78,801 $89,186 $100,339 $112,273 $125,001

-$11,514 -$8,701 -$5,755 -$2,669 -$198,744 $7,281 $8,421 $9,593 $10,347 $11,114 $11,894 $12,688
-$6 -$6 -$6 -$6 -$75 -$6 -$6 -$6 -$6 -$6 -$6 -$6
 -$11,507 -$8,695 -$5,749 -$2,663 -$198,669 $7,287 $8,427 $9,599 $10,353 $11,120 $11,900 $12,694

-$1,070 -$1,121 -$1,174 -$1,229 $0 -$739 -$759 -$780 -$504 -$512 -$521 -$530
-$224 -$235 -$246 -$148 $0 -$152 -$156 -$101 -$102 -$104 -$106 -$108
-$1,294 -$1,355 -$1,419 -$1,377 $0 -$891 -$915 -$880 -$606 -$616 -$627 -$638

$84 $88 $92 $55 $0 $57 $58 $38 $38 $39 $40 $40
$84 $88 $92 $55 $0 $57 $58 $38 $38 $39 $40 $40

-$12,717 -$9,962 -$7,076 -$3,985 -$198,669 $6,453 $7,571 $8,756 $9,785 $10,543 $11,313 $12,097

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 -$750 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 -$750 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $250,000 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $250,000 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $249,250 $0 $0 $0 $0 $0 $0 $0

-$12,717 -$9,962 -$7,076 -$3,985 $50,581 $6,453 $7,571 $8,756 $9,785 $10,543 $11,313 $12,097

$53,600 $40,883 $30,921 $23,845 $19,860 $19,860 $26,313 $33,884 $42,641 $52,426 $62,969 $74,282
$40,883 $30,921 $23,845 $19,860 $70,441 $26,313 $33,884 $42,641 $52,426 $62,969 $74,282 $86,379

13661.54% 14436.96% 15257.64% 16126.31% 154153.01% 16718.09% 17333.09% 17972.29% 18454.03% 18950.41% 19461.97% 19989.23%
 138.64% 166.37% 192.83% 212.46% 2030.96% 191.09% 171.59% 154.16% 138.12% 124.55% 112.97% 103.00%
75.15% 71.77% 68.54% 65.45% 82.09% 52.15% 50.79% 49.46% 48.64% 47.83% 47.04% 46.26%
36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99%

3735.82% 3125.72% 2707.58% 2511.70% 2511.70% 2786.24% 3096.13% 3472.37% 3868.08% 4282.52% 4714.93% 5164.61%
3773.09% 3161.00% 2740.96% 2543.90% 2543.90% 2817.30% 3126.09% 3501.55% 3896.50% 4310.19% 4741.87% 5190.84%
15 15 15 15 15 15 15 15 15 15 15 15
15 15 15 15 15 15 15 15 15 15 15 15

2.72% 3.27% 3.79% 4.09% 4.09% 3.68% 3.30% 2.94% 2.63% 2.38% 2.15% 1.96%

-12.14% -8.76% -5.53% -2.45% -19.08% 10.85% 12.22% 13.55% 14.37% 15.18% 15.97% 16.75%
-12.14% -8.76% -5.53% -2.45% -19.09% 6.51% 7.33% 8.13% 8.62% 9.10% 9.58% 10.05%

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$231 $229 $227 $225 $225 $223 $221 $219 $217 $215 $213 $211
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$463 $459 $454 $450 $450 $446 $442 $438 $434 $429 $425 $421
$694 $688 $682 $675 $675 $669 $663 $657 $650 $644 $638 $632

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $250 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $500 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $750 $0 $0 $0 $0 $0 $0 $0
 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$2 -$2 -$2 -$2 -$25 -$2 -$2 -$2 -$2 -$2 -$2 -$2
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$4.15 -$4.15 -$4.15 -$4.15 -$50 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15
-$56.03 -$62.25 -$68.48 -$74.70 -$74.70 -$80.93 -$87.15 -$93.38 -$99.60 -$105.83 -$112.05 -$118.28
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%

0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70%
 AO 2

$128,433 $130,625 $132,855 $135,122 $137,429 $1,501,756 $139,775 $142,161 $144,588 $147,056 $149,566
$128,433 $130,625 $132,855 $135,122 $137,429 $1,501,756 $139,775 $142,161 $144,588 $147,056 $149,566

$47,510 $48,321 $49,145 $49,984 $50,838 $555,528 $51,705 $52,588 $53,486 $54,399 $55,327

$80,923 $82,304 $83,709 $85,138 $86,591 $946,229 $88,070 $89,573 $91,102 $92,657 $94,239

$1,827 $1,840 $1,852 $1,865 $1,878 $21,699 $1,892 $1,905 $1,918 $1,932 $1,945
$3,545 $3,545 $3,545 $3,545 $3,545 $42,536 $3,854 $3,854 $3,854 $3,854 $3,854
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$52,954 $52,954 $52,954 $52,954 $52,954 $635,443 $42,363 $42,363 $42,363 $42,363 $42,363
$100 $100 $100 $100 $100 $1,200 $100 $100 $100 $100 $100
$58,425 $58,438 $58,451 $58,464 $58,477 $700,878 $48,209 $48,222 $48,235 $48,249 $48,262

$22,498 $23,867 $25,259 $26,675 $28,115 $245,351 $39,861 $41,351 $42,867 $44,408 $45,977
-$6 -$6 -$6 -$6 -$6 -$75 -$6 -$6 -$6 -$6 -$6
$22,492 $23,860 $25,252 $26,668 $28,109 $245,276 $39,855 $41,345 $42,861 $44,402 $45,970
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$22,492 $23,860 $25,252 $26,668 $28,109 $245,276 $39,855 $41,345 $42,861 $44,402 $45,970
$5,623 $5,965 $6,313 $6,667 $7,027 $61,319 $9,964 $10,336 $10,715 $11,101 $11,493
$3,374 $3,579 $3,788 $4,000 $4,216 $36,791 $5,978 $6,202 $6,429 $6,660 $6,896
$13,495 $14,316 $15,151 $16,001 $16,865 $147,166 $23,913 $24,807 $25,716 $26,641 $27,582
10.51% 10.96% 11.40% 11.84% 12.27% 9.80% 17.11% 17.45% 17.79% 18.12% 18.44%

$99,272 $112,977 $127,506 $142,875 $159,096 $159,096 $182,354 $206,495 $231,534 $257,486 $284,367
$32,108 $32,656 $33,214 $33,781 $34,357 $34,357 $34,944 $35,540 $36,147 $36,764 $37,391
$6,531 $6,643 $6,756 $6,871 $6,989 $6,989 $7,108 $7,229 $7,353 $7,478 $7,606
$137,912 $152,276 $167,476 $183,527 $200,442 $200,442 $224,406 $249,264 $275,033 $301,728 $329,364

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$209 $206 $204 $202 $200 $200 $198 $196 $194 $192 $190
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$417 $413 $409 $405 $400 $400 $396 $392 $388 $384 $380
-$125 -$131 -$137 -$143 -$149 -$149 -$156 -$162 -$168 -$174 -$181
$626 $619 $613 $607 $601 $601 $594 $588 $582 $576 $569

$138,537 $152,895 $168,089 $184,133 $201,043 $201,043 $225,000 $249,853 $275,615 $302,304 $329,934

$2,449 $2,491 $2,534 $2,577 $2,621 $2,621 $2,666 $2,711 $2,757 $2,804 $2,852
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$2,449 $2,491 $2,534 $2,577 $2,621 $2,621 $2,666 $2,711 $2,757 $2,804 $2,852

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$2,449 $2,491 $2,534 $2,577 $2,621 $2,621 $2,666 $2,711 $2,757 $2,804 $2,852

$250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000
-$127,407 -$113,912 -$99,596 -$84,444 -$68,443 -$68,443 -$51,578 -$27,665 -$2,858 $22,858 $49,499
$13,495 $14,316 $15,151 $16,001 $16,865 $16,865 $23,913 $24,807 $25,716 $26,641 $27,582
$136,088 $150,404 $165,556 $181,557 $198,422 $198,422 $222,335 $247,142 $272,858 $299,499 $327,081

$138,537 $152,895 $168,089 $184,133 $201,043 $201,043 $225,000 $249,853 $275,615 $302,304 $329,934

$13,495 $14,316 $15,151 $16,001 $16,865 $147,166 $23,913 $24,807 $25,716 $26,641 $27,582
-$6 -$6 -$6 -$6 -$6 -$75 -$6 -$6 -$6 -$6 -$6
 $13,501 $14,322 $15,158 $16,007 $16,871 $147,240 $23,919 $24,813 $25,723 $26,648 $27,588

-$539 -$548 -$557 -$567 -$577 $0 -$586 -$596 -$607 -$617 -$628
-$110 -$111 -$113 -$115 -$117 $0 -$119 -$121 -$123 -$126 -$128
-$649 -$660 -$671 -$682 -$694 $0 -$706 -$718 -$730 -$743 -$755

$41 $42 $43 $43 $44 $0 $45 $46 $46 $47 $48
$41 $42 $43 $43 $44 $0 $45 $46 $46 $47 $48

$12,894 $13,705 $14,529 $15,368 $16,221 $147,240 $23,258 $24,141 $25,039 $25,952 $26,881

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$12,894 $13,705 $14,529 $15,368 $16,221 $147,240 $23,258 $24,141 $25,039 $25,952 $26,881

$86,379 $99,272 $112,977 $127,506 $142,875 $159,096 $159,096 $182,354 $206,495 $231,534 $257,486
$99,272 $112,977 $127,506 $142,875 $159,096 $306,336 $182,354 $206,495 $231,534 $257,486 $284,367

20532.78% 21093.19% 21671.09% 22267.12% 22881.95% 250042.69% 23516.29% 24170.85% 24846.43% 25543.80% 26263.82%
 94.37% 86.85% 80.25% 74.42% 69.26% 756.85% 62.87% 57.52% 52.99% 49.10% 45.73%
45.49% 44.74% 44.00% 43.27% 42.55% 46.67% 34.49% 33.92% 33.36% 32.81% 32.27%
36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99%

5630.86% 6112.99% 6610.35% 7122.29% 7648.18% 7648.18% 8418.85% 9194.50% 9974.75% 10759.24% 11547.60%
5656.40% 6137.85% 6634.54% 7145.84% 7671.10% 7671.10% 8441.15% 9216.20% 9995.86% 10779.77% 11567.56%
15 15 15 15 15 15 15 15 15 15 15
15 15 15 15 15 15 15 15 15 15 15

1.80% 1.66% 1.53% 1.42% 1.32% 1.32% 1.20% 1.10% 1.01% 0.94% 0.87%

17.52% 18.27% 19.01% 19.74% 20.46% 16.34% 28.52% 29.09% 29.65% 30.20% 30.74%
10.51% 10.96% 11.40% 11.84% 12.27% 9.80% 17.11% 17.45% 17.79% 18.12% 18.44%

N.A. $0 $0 $0 $0 $0 $0 $0 $0
N.A. -$3 -$4 -$6 -$16 $2 $2 $2 $2
N.A. -$2 -$3 -$4 -$10 $2 $2 $2 $2

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$209 $206 $204 $202 $200 $200 $198 $196 $194 $192 $190
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$417 $413 $409 $405 $400 $400 $396 $392 $388 $384 $380
$626 $619 $613 $607 $601 $601 $594 $588 $582 $576 $569

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$2 -$2 -$2 -$2 -$2 -$25 -$2 -$2 -$2 -$2 -$2
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$50 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15
-$124.50 -$130.73 -$136.95 -$143.18 -$149.40 -$149.40 -$155.63 -$161.85 -$168.08 -$174.30 -$180.53
-$6 -$6 -$6 -$6 -$6 -$12 -$6 -$6 -$6 -$6 -$6

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%

0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70%
 AO 3

$152,119 $154,716 $157,357 $160,043 $162,775 $165,553 $168,379 $1,844,086 $169,081 $169,785 $170,493
$152,119 $154,716 $157,357 $160,043 $162,775 $165,553 $168,379 $1,844,086 $169,081 $169,785 $170,493

$56,272 $57,232 $58,209 $59,203 $60,213 $61,241 $62,287 $682,162 $62,546 $62,807 $63,069

$95,847 $97,483 $99,147 $100,840 $102,561 $104,312 $106,093 $1,161,924 $106,535 $106,979 $107,424

$1,959 $1,972 $1,986 $2,000 $2,014 $2,028 $2,042 $23,594 $2,057 $2,071 $2,086
$3,854 $3,854 $3,854 $3,854 $3,854 $3,854 $3,854 $46,249 $4,191 $4,191 $4,191
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$42,363 $42,363 $42,363 $42,363 $42,363 $42,363 $42,363 $508,355 $33,890 $33,890 $33,890
$100 $100 $100 $100 $100 $100 $100 $1,200 $100 $100 $100
$48,276 $48,289 $48,303 $48,317 $48,331 $48,345 $48,359 $579,398 $40,238 $40,252 $40,267

$47,572 $49,194 $50,844 $52,523 $54,230 $55,967 $57,733 $582,527 $66,297 $66,727 $67,158
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$75 -$6 -$6 -$6
$47,565 $49,188 $50,838 $52,517 $54,224 $55,961 $57,727 $582,452 $66,291 $66,720 $67,152
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$47,565 $49,188 $50,838 $52,517 $54,224 $55,961 $57,727 $582,452 $66,291 $66,720 $67,152
$11,891 $12,297 $12,710 $13,129 $13,556 $13,990 $14,432 $145,613 $16,573 $16,680 $16,788
$7,135 $7,378 $7,626 $7,877 $8,134 $8,394 $8,659 $87,368 $9,944 $10,008 $10,073
$28,539 $29,513 $30,503 $31,510 $32,534 $33,576 $34,636 $349,471 $39,774 $40,032 $40,291
18.76% 19.08% 19.38% 19.69% 19.99% 20.28% 20.57% 18.95% 23.52% 23.58% 23.63%

$312,193 $340,980 $370,745 $401,504 $433,275 $466,074 $499,988 $499,988 $539,572 $579,412 $619,510
$38,030 $38,679 $39,339 $40,011 $40,694 $41,388 $42,095 $42,095 $42,270 $42,446 $42,623
$7,736 $7,868 $8,002 $8,139 $8,278 $8,419 $8,454 $8,454 $8,489 $8,525 $8,560
$357,958 $387,527 $418,086 $449,654 $482,246 $515,882 $550,537 $550,537 $590,331 $630,383 $670,693

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$188 $186 $184 $182 $179 $177 $175 $175 $173 $171 $169
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$376 $371 $367 $363 $359 $355 $351 $351 $346 $342 $338
-$187 -$193 -$199 -$205 -$212 -$218 -$224 -$224 -$230 -$237 -$243
$563 $557 $551 $545 $538 $532 $526 $526 $520 $513 $507

$358,522 $388,084 $418,637 $450,198 $482,785 $516,414 $551,063 $551,063 $590,851 $630,896 $671,201

$2,901 $2,950 $3,001 $3,052 $3,104 $3,157 $3,170 $3,170 $3,183 $3,197 $3,210
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$2,901 $2,950 $3,001 $3,052 $3,104 $3,157 $3,170 $3,170 $3,183 $3,197 $3,210

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$2,901 $2,950 $3,001 $3,052 $3,104 $3,157 $3,170 $3,170 $3,183 $3,197 $3,210

$250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000
$77,081 $105,621 $135,133 $165,636 $197,146 $229,680 $263,257 $263,257 $297,893 $337,667 $377,700
$28,539 $29,513 $30,503 $31,510 $32,534 $33,576 $34,636 $34,636 $39,774 $40,032 $40,291
$355,621 $385,133 $415,636 $447,146 $479,680 $513,257 $547,893 $547,893 $587,667 $627,700 $667,991

$358,522 $388,084 $418,637 $450,198 $482,785 $516,414 $551,063 $551,063 $590,851 $630,896 $671,201

$28,539 $29,513 $30,503 $31,510 $32,534 $33,576 $34,636 $349,471 $39,774 $40,032 $40,291
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$75 -$6 -$6 -$6
 $28,545 $29,519 $30,509 $31,516 $32,541 $33,583 $34,642 $349,546 $39,781 $40,038 $40,297

-$638 -$649 -$660 -$672 -$683 -$695 -$706 $0 -$175 -$176 -$177
-$130 -$132 -$134 -$137 -$139 -$141 -$35 $0 -$35 -$35 -$36
-$768 -$781 -$795 -$808 -$822 -$836 -$742 $0 -$211 -$212 -$212

$49 $50 $50 $51 $52 $53 $13 $0 $13 $13 $13
$49 $50 $50 $51 $52 $53 $13 $0 $13 $13 $13

$27,826 $28,787 $29,765 $30,759 $31,771 $32,800 $33,914 $349,546 $39,583 $39,840 $40,098

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$27,826 $28,787 $29,765 $30,759 $31,771 $32,800 $33,914 $349,546 $39,583 $39,840 $40,098

$284,367 $312,193 $340,980 $370,745 $401,504 $433,275 $466,074 $499,988 $499,988 $539,572 $579,412
$312,193 $340,980 $370,745 $401,504 $433,275 $466,074 $499,988 $849,534 $539,572 $579,412 $619,510

27007.37% 27775.36% 28568.75% 29388.56% 30235.85% 31111.72% 32017.35% 350653.40% 32535.89% 33067.57% 33612.88%
 42.78% 40.17% 37.86% 35.79% 33.93% 32.26% 30.73% 336.58% 28.77% 27.05% 25.52%
31.74% 31.21% 30.70% 30.19% 29.69% 29.20% 28.72% 31.42% 23.80% 23.71% 23.62%
36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99%

12339.48% 13134.55% 13932.48% 14732.96% 15535.67% 16340.31% 17365.65% 17365.65% 18543.60% 19719.54% 20893.46%
12358.90% 13153.43% 13950.84% 14750.80% 15553.01% 16357.17% 17382.24% 17382.24% 18559.92% 19735.60% 20909.27%
15 15 15 15 15 15 15 15 15 15 15
15 15 15 15 15 15 15 15 15 15 15

0.82% 0.77% 0.72% 0.68% 0.65% 0.62% 0.58% 0.58% 0.54% 0.51% 0.48%

31.27% 31.80% 32.31% 32.82% 33.32% 33.81% 34.29% 31.59% 39.21% 39.30% 39.39%
18.76% 19.08% 19.38% 19.69% 19.99% 20.28% 20.57% 18.95% 23.52% 23.58% 23.63%

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$2 $1 $1 $1 $1 $1 $1 $1 $1 $1
$2 $1 $1 $1 $1 $1 $1 $1 $1 $1

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$188 $186 $184 $182 $179 $177 $175 $175 $173 $171 $169
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$376 $371 $367 $363 $359 $355 $351 $351 $346 $342 $338
$563 $557 $551 $545 $538 $532 $526 $526 $520 $513 $507

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$2 -$2 -$2 -$2 -$2 -$2 -$2 -$25 -$2 -$2 -$2
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$50 -$4.15 -$4.15 -$4.15
-$186.75 -$192.98 -$199.20 -$205.43 -$211.65 -$217.88 -$224.10 -$224.10 -$230.33 -$236.55 -$242.78
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$19 -$6 -$6 -$6

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%

0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70%
 AO 4

$171,203 $171,917 $172,633 $173,353 $174,075 $174,800 $175,529 $176,260 $176,995 $2,076,123 $177,732
$171,203 $171,917 $172,633 $173,353 $174,075 $174,800 $175,529 $176,260 $176,995 $2,076,123 $177,732

$63,331 $63,595 $63,860 $64,126 $64,394 $64,662 $64,931 $65,202 $65,474 $767,997 $65,746

$107,872 $108,322 $108,773 $109,226 $109,681 $110,138 $110,597 $111,058 $111,521 $1,308,127 $111,986

$2,100 $2,115 $2,130 $2,145 $2,160 $2,175 $2,190 $2,205 $2,221 $25,654 $2,236
$4,191 $4,191 $4,191 $4,191 $4,191 $4,191 $4,191 $4,191 $4,191 $50,287 $4,557
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$33,890 $33,890 $33,890 $33,890 $33,890 $33,890 $33,890 $33,890 $33,890 $406,684 $27,112
$100 $100 $100 $100 $100 $100 $100 $100 $100 $1,200 $100
$40,281 $40,296 $40,311 $40,326 $40,341 $40,356 $40,371 $40,386 $40,402 $483,825 $34,005

$67,591 $68,026 $68,462 $68,901 $69,341 $69,783 $70,226 $70,672 $71,119 $824,302 $77,981
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$75 -$6
$67,585 $68,019 $68,456 $68,894 $69,335 $69,776 $70,220 $70,666 $71,113 $824,227 $77,974
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$67,585 $68,019 $68,456 $68,894 $69,335 $69,776 $70,220 $70,666 $71,113 $824,227 $77,974
$16,896 $17,005 $17,114 $17,224 $17,334 $17,444 $17,555 $17,666 $17,778 $206,057 $19,494
$10,138 $10,203 $10,268 $10,334 $10,400 $10,466 $10,533 $10,600 $10,667 $123,634 $11,696
$40,551 $40,812 $41,074 $41,337 $41,601 $41,866 $42,132 $42,399 $42,668 $494,536 $46,785
23.69% 23.74% 23.79% 23.85% 23.90% 23.95% 24.00% 24.06% 24.11% 23.82% 26.32%

$659,867 $700,484 $741,363 $782,503 $823,907 $865,575 $907,508 $949,708 $992,175 $992,175 $1,038,758
$42,801 $42,979 $43,158 $43,338 $43,519 $43,700 $43,882 $44,065 $44,249 $44,249 $44,433
$8,596 $8,632 $8,668 $8,704 $8,740 $8,776 $8,813 $8,850 $8,887 $8,887 $8,924
$711,264 $752,095 $793,188 $834,545 $876,165 $918,051 $960,203 $1,002,623 $1,045,310 $1,045,310 $1,092,115

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$167 $165 $163 $161 $159 $157 $155 $152 $150 $150 $148
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$334 $330 $326 $322 $317 $313 $309 $305 $301 $301 $297
-$249 -$255 -$261 -$268 -$274 -$280 -$286 -$293 -$299 -$299 -$305
$501 $495 $489 $482 $476 $470 $464 $457 $451 $451 $445

$711,765 $752,590 $793,677 $835,027 $876,641 $918,521 $960,667 $1,003,080 $1,045,762 $1,045,762 $1,092,560

$3,223 $3,237 $3,250 $3,264 $3,278 $3,291 $3,305 $3,319 $3,332 $3,332 $3,346
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$3,223 $3,237 $3,250 $3,264 $3,278 $3,291 $3,305 $3,319 $3,332 $3,332 $3,346

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$3,223 $3,237 $3,250 $3,264 $3,278 $3,291 $3,305 $3,319 $3,332 $3,332 $3,346

$250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000
$417,991 $458,541 $499,353 $540,427 $581,763 $623,364 $665,230 $707,362 $749,761 $749,761 $792,429
$40,551 $40,812 $41,074 $41,337 $41,601 $41,866 $42,132 $42,399 $42,668 $42,668 $46,785
$708,541 $749,353 $790,427 $831,763 $873,364 $915,230 $957,362 $999,761 $1,042,429 $1,042,429 $1,089,214

$711,765 $752,590 $793,677 $835,027 $876,641 $918,521 $960,667 $1,003,080 $1,045,762 $1,045,762 $1,092,560

$40,551 $40,812 $41,074 $41,337 $41,601 $41,866 $42,132 $42,399 $42,668 $494,536 $46,785
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$75 -$6
 $40,557 $40,818 $41,080 $41,343 $41,607 $41,872 $42,138 $42,406 $42,674 $494,611 $46,791

-$178 -$178 -$179 -$180 -$181 -$181 -$182 -$183 -$184 $0 -$184
-$36 -$36 -$36 -$36 -$36 -$36 -$37 -$37 -$37 $0 -$37
-$213 -$214 -$215 -$216 -$217 -$218 -$219 -$220 -$220 $0 -$221

$13 $13 $13 $14 $14 $14 $14 $14 $14 $0 $14
$13 $13 $13 $14 $14 $14 $14 $14 $14 $0 $14

$40,357 $40,617 $40,878 $41,140 $41,404 $41,668 $41,933 $42,200 $42,467 $494,611 $46,583

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$40,357 $40,617 $40,878 $41,140 $41,404 $41,668 $41,933 $42,200 $42,467 $494,611 $46,583

$619,510 $659,867 $700,484 $741,363 $782,503 $823,907 $865,575 $907,508 $949,708 $992,175 $992,175
$659,867 $700,484 $741,363 $782,503 $823,907 $865,575 $907,508 $949,708 $992,175 $1,486,786 $1,038,758

34172.33% 34746.46% 35335.82% 35941.02% 36562.67% 37201.44% 37858.01% 38533.11% 39227.51% 460133.74% 39942.04%
 24.16% 22.94% 21.84% 20.84% 19.93% 19.10% 18.33% 17.63% 16.98% 199.16% 16.32%
23.53% 23.44% 23.35% 23.26% 23.17% 23.09% 23.00% 22.91% 22.83% 23.30% 19.13%
36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99%

22065.37% 23235.25% 24403.10% 25568.92% 26732.70% 27894.44% 29054.13% 30211.78% 31367.38% 31367.38% 32635.88%
22080.91% 23250.53% 24418.13% 25583.69% 26747.22% 27908.71% 29068.16% 30225.56% 31380.92% 31380.92% 32649.18%
15 15 15 15 15 15 15 15 15 15 15
15 15 15 15 15 15 15 15 15 15 15

0.45% 0.43% 0.41% 0.39% 0.38% 0.36% 0.35% 0.33% 0.32% 0.32% 0.31%

39.48% 39.57% 39.66% 39.75% 39.83% 39.92% 40.01% 40.10% 40.18% 39.70% 43.88%
23.69% 23.74% 23.79% 23.85% 23.90% 23.95% 24.00% 24.06% 24.11% 23.82% 26.32%

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$1 $1 $0 $0 $0 $0 $0 $0 $0 $0
$1 $1 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$167 $165 $163 $161 $159 $157 $155 $152 $150 $150 $148
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$334 $330 $326 $322 $317 $313 $309 $305 $301 $301 $297
$501 $495 $489 $482 $476 $470 $464 $457 $451 $451 $445

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$2 -$2 -$2 -$2 -$2 -$2 -$2 -$2 -$2 -$25 -$2
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$50 -$4.15
-$249.00 -$255.23 -$261.45 -$267.68 -$273.90 -$280.13 -$286.35 -$292.58 -$298.80 -$298.80 -$305.03
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$25 -$6

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%

0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70%
 $178,473 $179,216 $179,963 $180,713 $181,466 $182,222 $182,982 $183,744 $184,510 $185,279 $186,051
$178,473 $179,216 $179,963 $180,713 $181,466 $182,222 $182,982 $183,744 $184,510 $185,279 $186,051

$66,020 $66,295 $66,572 $66,849 $67,128 $67,407 $67,688 $67,970 $68,254 $68,538 $68,824

$112,452 $112,921 $113,391 $113,864 $114,338 $114,815 $115,293 $115,774 $116,256 $116,741 $117,227

$2,252 $2,268 $2,284 $2,300 $2,316 $2,332 $2,348 $2,365 $2,381 $2,398 $2,415
$4,557 $4,557 $4,557 $4,557 $4,557 $4,557 $4,557 $4,557 $4,557 $4,557 $4,557
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$27,112 $27,112 $27,112 $27,112 $27,112 $27,112 $27,112 $27,112 $27,112 $27,112 $27,112
$100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100
$34,021 $34,036 $34,052 $34,068 $34,084 $34,101 $34,117 $34,133 $34,150 $34,167 $34,183

$78,432 $78,884 $79,339 $79,796 $80,254 $80,714 $81,176 $81,640 $82,106 $82,574 $83,044
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6
$78,425 $78,878 $79,333 $79,789 $80,248 $80,708 $81,170 $81,634 $82,100 $82,568 $83,037
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$78,425 $78,878 $79,333 $79,789 $80,248 $80,708 $81,170 $81,634 $82,100 $82,568 $83,037
$19,606 $19,720 $19,833 $19,947 $20,062 $20,177 $20,293 $20,409 $20,525 $20,642 $20,759
$11,764 $11,832 $11,900 $11,968 $12,037 $12,106 $12,176 $12,245 $12,315 $12,385 $12,456
$47,055 $47,327 $47,600 $47,874 $48,149 $48,425 $48,702 $48,980 $49,260 $49,541 $49,822
26.37% 26.41% 26.45% 26.49% 26.53% 26.57% 26.62% 26.66% 26.70% 26.74% 26.78%

$1,085,612 $1,132,735 $1,180,131 $1,227,800 $1,275,743 $1,323,961 $1,372,456 $1,421,228 $1,470,279 $1,519,609 $1,575,059
$44,618 $44,804 $44,991 $45,178 $45,367 $45,556 $45,745 $45,936 $46,127 $46,320 $46,513
$8,961 $8,998 $9,036 $9,073 $9,111 $9,149 $9,187 $9,225 $9,264 $9,303 $0
$1,139,191 $1,186,538 $1,234,158 $1,282,052 $1,330,221 $1,378,666 $1,427,388 $1,476,389 $1,525,670 $1,575,231 $1,621,572

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$146 $144 $142 $140 $138 $136 $134 $132 $130 $128 $126
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$293 $288 $284 $280 $276 $272 $268 $263 $259 $255 $251
-$311 -$317 -$324 -$330 -$336 -$342 -$349 -$355 -$361 -$367 -$374
$439 $433 $426 $420 $414 $408 $401 $395 $389 $383 $377

$1,139,629 $1,186,970 $1,234,584 $1,282,472 $1,330,635 $1,379,074 $1,427,790 $1,476,785 $1,526,059 $1,575,614 $1,621,948

$3,360 $3,374 $3,388 $3,402 $3,417 $3,431 $3,445 $3,460 $3,474 $3,488 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$3,360 $3,374 $3,388 $3,402 $3,417 $3,431 $3,445 $3,460 $3,474 $3,488 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$3,360 $3,374 $3,388 $3,402 $3,417 $3,431 $3,445 $3,460 $3,474 $3,488 $0

$250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000
$839,214 $886,269 $933,596 $981,196 $1,029,069 $1,077,218 $1,125,643 $1,174,345 $1,223,325 $1,272,585 $1,322,126
$47,055 $47,327 $47,600 $47,874 $48,149 $48,425 $48,702 $48,980 $49,260 $49,541 $49,822
$1,136,269 $1,183,596 $1,231,196 $1,279,069 $1,327,218 $1,375,643 $1,424,345 $1,473,325 $1,522,585 $1,572,126 $1,621,948

$1,139,629 $1,186,970 $1,234,584 $1,282,472 $1,330,635 $1,379,074 $1,427,790 $1,476,785 $1,526,059 $1,575,614 $1,621,948

$47,055 $47,327 $47,600 $47,874 $48,149 $48,425 $48,702 $48,980 $49,260 $49,541 $49,822
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6
 $47,061 $47,333 $47,606 $47,880 $48,155 $48,431 $48,708 $48,987 $49,266 $49,547 $49,829

-$185 -$186 -$187 -$187 -$188 -$189 -$190 -$191 -$191 -$192 -$193
-$37 -$37 -$37 -$38 -$38 -$38 -$38 -$38 -$38 -$39 $9,303
-$222 -$223 -$224 -$225 -$226 -$227 -$228 -$229 -$230 -$231 $9,110

$14 $14 $14 $14 $14 $14 $14 $14 $14 $14 -$3,488
$14 $14 $14 $14 $14 $14 $14 $14 $14 $14 -$3,488

$46,853 $47,124 $47,396 $47,669 $47,943 $48,218 $48,495 $48,772 $49,051 $49,331 $55,450

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$46,853 $47,124 $47,396 $47,669 $47,943 $48,218 $48,495 $48,772 $49,051 $49,331 $55,450

$1,038,758 $1,085,612 $1,132,735 $1,180,131 $1,227,800 $1,275,743 $1,323,961 $1,372,456 $1,421,228 $1,470,279 $1,519,609
$1,085,612 $1,132,735 $1,180,131 $1,227,800 $1,275,743 $1,323,961 $1,372,456 $1,421,228 $1,470,279 $1,519,609 $1,575,059

40677.54% 41434.92% 42215.15% 43019.24% 43848.28% 44703.41% 45585.85% 46496.89% 47437.91% 48410.37% 49415.85%
 15.71% 15.14% 14.62% 14.13% 13.67% 13.25% 12.85% 12.47% 12.12% 11.79% 11.47%
19.06% 18.99% 18.92% 18.85% 18.78% 18.71% 18.65% 18.58% 18.51% 18.44% 18.37%
36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99%

33901.38% 35163.86% 36423.34% 37679.81% 38933.27% 40183.74% 41431.20% 42675.67% 43917.14% 45155.63% #DIV/0!
33914.44% 35176.68% 36435.92% 37692.15% 38945.39% 40195.62% 41442.85% 42687.09% 43928.34% 45166.60% #DIV/0!
15 15 15 15 15 15 15 15 15 15 15
15 15 15 15 15 15 15 15 15 15 15

0.30% 0.29% 0.28% 0.27% 0.26% 0.25% 0.24% 0.23% 0.23% 0.22% 0.00%

43.95% 44.02% 44.09% 44.16% 44.23% 44.29% 44.36% 44.43% 44.50% 44.57% 44.63%
26.37% 26.41% 26.45% 26.49% 26.53% 26.57% 26.62% 26.66% 26.70% 26.74% 26.78%

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$146 $144 $142 $140 $138 $136 $134 $132 $130 $128 $126
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$293 $288 $284 $280 $276 $272 $268 $263 $259 $255 $251
$439 $433 $426 $420 $414 $408 $401 $395 $389 $383 $377

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$2 -$2 -$2 -$2 -$2 -$2 -$2 -$2 -$2 -$2 -$2
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15
-$311.25 -$317.48 -$323.70 -$329.93 -$336.15 -$342.38 -$348.60 -$354.83 -$361.05 -$367.28 -$373.50
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%

0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70%
AO 5

$2,182,351
$2,182,351

$807,292

$1,375,058

$27,894
$54,678
$0
$325,347
$1,200
$409,119

$965,940
-$75
$965,865
$0
$0
$965,865
$241,466
$144,880
$579,519
26.55%

$1,575,059
$46,513
$0
$1,621,572

$0
$0
$0
$126
$0
$0
$251
-$374
$377

$1,621,948

$0
$0
$0

$0

$0

$250,000
$1,322,126
$49,822
$1,621,948

$1,621,948

$579,519
-$75
 $579,594

$0
$0
$0

$0
$0

$579,594

$0
$0
$0

$0
$0
$0
$0

$0
$0

$0

$579,594

$1,575,059
$2,154,653

579641.58%
 134.55%
18.75%
36.99%

#DIV/0!
#DIV/0!
15
15

0.00%

44.26%
26.55%

$0
$0
$0
$126
$0
$0
$251
$377

$0
$0
$0
$0
$0
$0
$0
$0
 $0
$0
$0
-$25
$0
$0
-$50
-$373.50
-$31
 AO 0 AO 1 AO 2 AO 3 AO 4
NATUREZZO TONI
Flujo de Caja:
Ingreso
Ingresos por productos 0 1040995 1501756 1844086 2076123
Ingresos por servicios 0 0 0 0 0
Total Ingresos 0 1040995 1501756 1844086 2076123

Costo de Venta 0 385084 555528 682162 767997

Utilidad Bruta 0 655912 946229 1161924 1308127

Gastos operativos:
Gastos fijos 0 19957 21699 23594 25654
Sueldos y salarios 0 39120 42536 46249 50287
Comisiones 0 0 0 0 0
Gastos de Promocion y Publicidad 0 794304 635443 508355 406684
Otros Gastos 0 1200 1200 1200 1200
Total gastos operativos 0 854581 700878 579398 483825

Ebitda 0 -198669 245351 582527 824302

Depreciacin y Amortizacin 0 -75 -75 -75 -75
Utilidad (perdida) de Operacin 0 -198744 245276 582452 824227
Gastos financieros corto plazo 0 0 0 0
Gastos financieros largo plazo 0 0 0 0
Utilidad antes de impuestos 0 -198744 245276 582452 824227
ISR (25%) 0 0 61319 145613 206057
PTU (15%) 0 0 36791 87368 123634
Utilidad (prdida neta) 0 -198744 147166 349471 494536

Ajustes
Depreciacin y Amortizacin 0 -75 -75 -75 -75
Total de Ajustes 0 $ -75 $ -75 $ -75 $ -75

INVERSION -250000.00 0 0 0 0
PASIVOS 0 0 0 0 0
RECUPERACION DE CAPITAL 0 0 0 0 0
VALOR DE DESECHO 0 0 0 0 0

FLUJO NETO -250000.00 -198818.45 147090.87 349396.41 494461.52

TIR 49.19%
TMAR 32.90%
VAN 191078
ANALISIS SE ACEPTA

RECUPERACION DE CAPITAL
 % por
Ao CAPITAL Flujo Acum Por Recuperar % recuperado recuperar
0 -250,000 0 0 -250,000 0.00% 100.00%
1 0 -198,818 -198,818 -448,818 -79.53% 179.53%
2 0 147,091 -51,728 -301,728 -20.69% 120.69%
3 0 349,396 297,669 47,669 119.07% -19.07%
4 0 494,462 792,130 542,130 316.85% -216.85%
5 0 829,071 1,621,201 1,371,201 648.48% -548.48%
AO 5

2182351
0
2182351

807292

1375058

27894
54678
0
325347
1200
409119

965940
-75
965865
0
0
965865
241466
144880
579519

-75
$ -75

0
0
249250
377

829070.80
 FLUJO DE CAJA SOCIAL
RUBRO/AO AO 0 AO 1 AO 2 AO 3 AO 4
INGRESOS
Ingresos por productos 0 988,946 1,426,669 1,751,882 1,972,317
Ingresos por servicios 0 0 0 0 0
Total Ingresos 0 988,946 1,426,669 1,751,882 1,972,317

Egresos:
Gastos fijos 0 18,959 20,614 22,414 24,371
Sueldos y salarios 0 39,120 42,536 46,249 50,287
Gastos Variables 0 365,829 527,751 648,054 729,597
Gastos de Promocion y Publicidad 0 754,589 603,671 482,937 386,349
Otros Gastos 0 1,140 1,140 1,140 1,140
Total costos 0 1,179,637 1,195,712 1,200,794 1,191,745

FLUJO OPERATIVO 0 -190,692 230,956 551,088 780,572

PART 15% TRABAJADORES 0 0 36,791 87,368 123,634

INVERSION -250,000 0 0 0 0
RECUPERACION DE CAPITAL 0 0 0 0 0
VALOR DE DESECHO 0 0 0 0 0

FLUJO NETO -250,000 -190,692 267,748 638,456 904,206

TIR SOCIAL 79%

RAZONES BENEFICO COSTO

MANO DE OBRA NO CALIFICADA 0.15
MANO DE OBRA CALIFICADA 1
DIVISA 1
COMBUSTIBLE 0.48
ENERGIA 1.1
INSUMOS NACIONALES 0.95
Insumos importados 0.9
FUENTE: BANCO DEL ESTADO
AO 5

2,073,233
0
2,073,233

26,499
54,678
766,928
309,080
1,140
1,158,324

914,909
144,880

0
249,250
358

1,309,396
 CALCULO DE PUNTO DE EQUILIBRIO
NATUREZZO TONI AO 1 AO 2 AO 3 AO 4 AO 5
INGRESOS 1040995 1501756 1844086 2076123 2182351
COSTOS VARIABLES 385084 555528 682162 767997 807292
MARGEN VARIABLE 655912 946229 1161924 1308127 1375058
% MARGEN VARIABLE 63.01% 63.01% 63.01% 63.01% 63.01%
GASTOS FIJOS 854581 700878 579398 483825 409119
% DE GASTOS FIJOS 82.09% 46.67% 31.42% 23.30% 18.75%
PUNTO DE EQUILIBRIO SIN DEUDA 1356302 1112361 919560 767877 649311
INTERESES 0 0 0 0 0
TOTAL DE GASTOS FIJOS 854581 700878 579398 483825 409119
PUNTO DE EQUILIBRIO CON DEUDA 1356302 1112361 919560 767877 649311

PUNTO DE EQUILIBRIO CON DEUDA AO 1

ANALISIS DE ESCENARIOS
RUBROS MALO EQUILIBRIO BUENO
INGRESOS 1085042 1356302 1695378
EGRESOS VARIABLES 401377 501722 627152
GASTOS Y COSTOS FIJOS 854581 854581 854581
INTERESES 0 0 0
TOTAL DE EGRESOS FIJOS 854581 854581 854581
EGRESOS 1255958 1356302 1481733
UTILIDADES -170916 0 213645
 PUNTO DE EQUILIBRIO
1800000

1600000

1400000

1200000

1000000

800000

600000

400000

200000

0
MALO EQUILIBRIO BUENO
 VENTAS PUNTO DE EQUILIBRIO
1600000

1400000
1356302

1200000
1112361
1000000
919560
800000
767877
649311
600000

400000

200000

0
AO 1 AO 2 AO 3 AO 4 AO 5
 Ventas Punto de Equilibrio
ESCENARIO MALO - EQUILIBRIO - BUENO
1800000

1600000

1400000

1200000

1000000

800000

600000

400000

200000

0
MALO EQUILIBRIO BUENO
 ANALISIS DE SENSIBILIDAD
ESCENARIO VARIACION % TIR TMAR ANALISIS
5% 60.34% 32.90% SE ACEPTA
AUMENTO DE LAS VENTAS 10% 72.00% 32.90% SE ACEPTA
15% 84.20% 32.90% SE ACEPTA
-5% 38.50% 32.90% SE ACEPTA
DISMINUCION DE LAS VENTAS -10% 28.22% 32.90% SE RECHAZA
-15% 18.26% 32.90% SE RECHAZA
5% 45.19% 32.90% SE ACEPTA
AUMENTO DE LOS COSTOS 10% 41.24% 32.90% SE ACEPTA
15% 37.36% 32.90% SE ACEPTA
-5% 53.26% 32.90% SE ACEPTA
DISMINUCION DE LOS COSTOS -10% 57.40% 32.90% SE ACEPTA
-15% 61.60% 32.90% SE ACEPTA
5% 43.77% 32.90% SE ACEPTA
AUMENTO DE LOS GASTOS 10% 38.70% 32.90% SE ACEPTA
15% 33.96% 32.90% SE ACEPTA
-5% 55.00% 32.90% SE ACEPTA
DISMINUCION DE LOS GASTOS -10% 61.22% 32.90% SE ACEPTA
-15% 67.89% 32.90% SE ACEPTA
 PUNTO CRITICO

SE PUEDE BAJAR HASTA

7,7%

SE PUEDE SUBIR HASTA

20,82%

SE PUEDE SUBIR HASTA

16,17%
 VARIACION % VENTAS

90.00%

80.00%

70.00%

60.00%

50.00%

40.00%

30.00%

20.00%

10.00%

0.00%
5% 10% 15% -5% -10% -15%
 VARIACION % COSTOS
70.00%

60.00%

50.00%

40.00%

30.00%

20.00%

10.00%

0.00%
5% 10% 15% -5% -10% -15%
 VARIACION % GASTOS
80.00%

70.00%

60.00%

50.00%

40.00%

30.00%

20.00%

10.00%

0.00%
5% 10% 15% -5% -10% -15%