PERIODO 0 1

PRECIO 100
DEMANDA 1000
405000
INVERSION TOTAL
INVERSION TANGIBLES 380000
TERRENOS 80000
CONSTRUCCIONES 200000 5000
MAQUINARIA 100000 10000
INVERSION INTANGIBLE 25000
CAPITAL TRABAJO 25000

COSTO VARIABLE 30 30000

COSTOS FIJOS 20000
INTERES 0
IMPUESTOS 0.3

DESCRIPCION Año 0 Año 1

VENTAS S/. 780,268.01 100000
COSTO DE VENTAS S/. 234,080.40 30000
UTILIDAD BRUTA S/. 546,187.61 70000
COSTOS FIJOS S/. 122,891.34 20000
UTILIDAD OPERATIVA S/. 423,296.27 50000
GASTOS FINANCIERO S/. 74,109.06 20520.00
DEPRECIACION S/. 92,168.51 15000
UTILIDAD ANTES DE IMPUESTOS S/. 257,018.70 14480.00
IMPUESTOS S/. 77,105.61 4344
UTILIDAD NETA S/. 179,913.09 10136.00
DEPRECIACION S/. 92,168.51 15000
VALOR RESIDUAL S/. 57,831.49 0
LIQUIDACION S/. 40,482.05 0
INVERSION TOTAL S/. -405,000.00
FLUJO DE CAJA ECONOMICO S/. -405,000.00 25136.00
DEPRECIACION
APORTES DE ACCIONISTAS 177,000.00
PRESTAMOS 228,000.00
AMORTIZACION -20,673.76
FLUJO DE CAJA FINANCIERO -228,000.00 4,462.24
 EVALUACION ECONOMICA DEL PROYECTO
COK 10.00%
VAN -S/.34,604.87
TIR 9%
B/C 0.00

ESCENARIOS
VARIABLES OPTIMISTA PESIMISTA
PRECIO UNITARIO S/.125.00 S/.75.00
COSTO DE VARIABLE S/.22.50 S/.37.50
DEMANDA 1,627 976
 2 3 4 5 6 7 8
100 100 100 100 100 100 100
1200 1260 1285.2 1310.904 1337.12208 1363.864522 1391.14181

DEPRECIACION

5000 5000 5000 5000 5000 5000 5000

10000 10000 10000 10000 10000 10000 10000

36000 37800 38556 39327.12 40113.6624 40915.93565 41734.2544

20000 20000 20000 20000 20000 20000 20000
0 0 0 0 0 0 0

Año 2 Año 3 Año 4 Año 5 Año 6 Año 7 Año 8

120000 126000 128520 131090.4 133712.208 136386.4522 139114.181
36000 37800 38556 39327.12 40113.6624 40915.93565 41734.2544
84000 88200 89964 91763.28 93598.5456 95470.51651 97379.9268
20000 20000 20000 20000 20000 20000 20000
64000 68200 69964 71763.28 73598.5456 75470.51651 77379.9268
18659.36 16631.27 14420.64 12011.06 9384.62 6521.80 3401.32
15000 15000 15000 15000 15000 15000 15000
30340.63823 36568.7339074 40543.35819 44752.21866 49213.92698 53948.72044 58978.6074
9102.19147 10970.6201722 12163.00746 13425.6656 14764.17809 16184.61613 17693.5822
21238.44676 25598.1137352 28380.35073 31326.55306 34449.74888 37764.10431 41285.0252
15000 15000 15000 15000 15000 15000 15000
0 0 0 0 0 0 0
0 0 0 0 0 0 0

36238.45 40598.11 43380.35 46326.55 49449.75 52764.10 56285.03

-22,534.40 -24,562.49 -26,773.12 -29,182.70 -31,809.14 -34,671.96 -37,792.44

13,704.05 16,035.62 16,607.23 17,143.86 17,640.61 18,092.14 18,492.59
EVALUACION FINANCIERA DEL
PROYECTO
COK 10.00%
VAN -S/.3,261.46
TIR 10%
B/C 0.00

ACTUAL
S/.100.00
S/.30.00
1,301
 9 10
100 100
1418.96465 1447.34394

DEPRECIACION TOVALOR RESIDUAL VALOR LIQUIDO

80000
5000 5000 50000 150000
10000 10000 100000 0
25000
150000 150000 105000

42568.9394 43420.3182
20000 20000

Año 9 Año 10
141896.465 144734.394
42568.9394 43420.3182 S/. 234,080.40
99327.5254 101314.076
20000 20000 S/. 122,891.34
79327.5254 81314.0759
0.00 0.00
15000 15000
64327.5254 66314.0759
19298.2576 19894.2228
45029.2678 46419.8531
15000 15000
0 150000
0 105000

60029.27 316419.85

60,029.27 316,419.85
CAPITAL TRABAJO

TABLA DE PAGO DE LA DEUDA

TASA 0.09
PERIODO INVERSION INTERES CUOTA AMORTIZACION
0 228000
1 S/. 228,000.00 S/. 20,520.00 S/. -41,193.76 S/. -20,673.76
2 S/. 207,326.24 S/. 18,659.36 S/. -41,193.76 S/. -22,534.40
3 S/. 184,791.85 S/. 16,631.27 S/. -41,193.76 S/. -24,562.49
4 S/. 160,229.35 S/. 14,420.64 S/. -41,193.76 S/. -26,773.12
5 S/. 133,456.24 S/. 12,011.06 S/. -41,193.76 S/. -29,182.70
6 S/. 104,273.54 S/. 9,384.62 S/. -41,193.76 S/. -31,809.14
7 S/. 72,464.40 S/. 6,521.80 S/. -41,193.76 S/. -34,671.96
8 S/. 37,792.44 S/. 3,401.32 S/. -41,193.76 S/. -37,792.44
S/. 0.00
ORTIZACION
INVERSION TOTAL S/. 2,400,000.00
APORTE DE ACCIONISTAS S/. 1,600,000.00 PROPIO
PRESTAMO BANCARIO S/. 800,000.00 TERCEROS

ACTIVOS DEPRECIABLES S/. 1,500,000.00

CAPITAL DE TRABAJO S/. 500,000.00 ESCENARIO OPTIMISTA
ACTIVOS NO DEPRECIABLES S/. 400,000.00
S/. 2,400,000.00

TABLA DE DEPRECIACION 0 1 2 3
ALQUILER S/. 300,000 S/. 300,000 S/. 300,000

0.20 16.70%
CAPITAL TRABAJO 0 1 2 3
S/. 500,000 S/. 600,000 S/. 583,500 S/. 833,571
S/. 5,434,571

u neta S/. 300,000 S/. 700,000 S/. 1,000,000

tasa crecimiento 133.33% 42.86% 50.00%

0 1 2 3
UTILIDADES NETAS S/. 390,000 S/. 910,000 S/. 1,300,000
DEPRECIACION S/. 300,000.00 S/. 300,000.00 S/. 300,000.00
VALOR RESIDUAL
VALOR LIQUIDACION
CAPITAL DE TRABAJO S/. 500,000.00 S/. 600,000 S/. 583,500 S/. 833,571
INVERSION S/. 1,900,000.00 S/. 400,000.00
FC ECONOMICO -S/. 2,400,000.00 S/. 90,000.00 S/. 626,500.00 S/. 366,428.57
PRESTAMO S/. 800,000.00
AMORTIZACION S/. 160,000.00 S/. 160,000.00 S/. 160,000.00
FC FINANCIERO -S/. 800,000.00 -S/. 70,000 S/. 466,500 S/. 206,429

EVALUA. ECONOMICO DEL PYTO. EVALUAC. FINANCIERO DEL PYTO.

COK 27% COK
VANE S/. 1,094,551.93 VANF
tire 39% TIRF
TIRE>TASA DESCUENTO, VANE>0 VANF>VANE , TIRF>TIRE
PROYECTO VIABLE PROYECTO VIABLE
PRECIO PROMEDIO = 40%
PRECIO 25% POR ENCIMA DEL PROMEDIO
PRECIO = 25% > X 30% 30% 30%
ULTILIDADES NETAS 0 1 2 3
S/. 390,000 S/. 910,000 S/. 1,300,000

tabla servico deuda

prestamo S/. 800,000.00 AÑO SALDO AMORTIZACION

años 5 0 S/. 800,000.00
1 S/. 640,000.00 S/. 160,000.00
2 S/. 480,000.00 S/. 160,000.00
3 S/. 320,000.00 S/. 160,000.00
4 S/. 160,000.00 S/. 160,000.00
5 S/. 0.00 S/. 160,000.00
 INVERSION PLAZO
ALQUILER 5 AÑOS

ARIO OPTIMISTA

4 5 VALOR RESIDUAL TABLA DE DEPRECIACION

S/. 300,000 S/. 300,000 S/. 1,500,000 ALQUILER

4 5 VALOR LIQUIDACION CAPITAL TRABAJO

S/. 1,250,357 S/. 1,667,143 S/. 5,434,571

S/. 1,500,000 S/. 2,000,000 u neta

33.33% 0% tasa crecimiento

4 5
S/. 1,950,000 S/. 2,600,000 UTILIDADES NETAS
S/. 300,000.00 S/. 300,000.00 (+) DEPRECIACION
S/. 1,500,000.00 (+) VALOR RESIDUAL
S/. 5,434,571.43 (+) VALOR LOQUIDACION
S/. 1,250,357 S/. 1,667,143 (- ) CAPITAL DE TRABAJO
INVERSION
S/. 999,642.86 S/. 8,167,428.57 FC ECONOMICO
(+) PPRESTAMO
S/. 160,000.00 S/. 160,000.00 (- ) AMORTIZACION
S/. 839,643 S/. 8,007,429 FC. FINANCIERO

LUAC. FINANCIERO DEL PYTO.

27%
S/. 2,281,324.30
71%
NF>VANE , TIRF>TIRE
PROYECTO VIABLE
 30% 30% PRECIO PROMEDIO 35% POR DEBAJO DEL PROMEDIO
4 5
S/. 1,950,000 S/. 2,600,000 PRECIO = 35%< X
UTILIDAD NETA 0
 ESCENARIO PESIMISTA

LA DE DEPRECIACION 0 1 2 3 4
S/. 300,000 S/. 300,000 S/. 300,000 S/. 300,000

0.20 16.70%
ITAL TRABAJO 0 1 2 3 4
S/. 500,000 S/. 600,000 S/. 583,500 S/. 833,571 S/. 1,250,357

S/. 300,000 S/. 700,000 S/. 1,000,000 S/. 1,500,000

crecimiento 133.33% 42.86% 50.00% 33.33%

0 1 2 3 4 5
S/. 150,000 S/. 350,000 S/. 500,000 S/. 750,000 S/. 1,000,000
S/. 300,000 S/. 300,000 S/. 300,000 S/. 300,000 S/. 300,000
S/. 500,000
S/. 5,434,571
S/. 500,000 S/. 600,000 S/. 583,500 S/. 833,571 S/. 1,250,357 S/. 1,667,143
S/. 1,900,000
-S/. 2,400,000 -S/. 150,000 S/. 66,500 -S/. 33,571 -S/. 200,357 S/. 5,567,429
S/. 800,000.00
S/. 160,000 S/. 160,000 S/. 160,000 S/. 160,000 S/. 160,000
-S/. 1,600,000 -S/. 310,000 -S/. 93,500 -S/. 193,571 -S/. 360,357 S/. 5,407,429

EVALUA. ECONOMICO PYTO. EVALUA. FINANCIERA DEL PYTO.

COK 27% COK 27%
VANE -S/. 885,146.74 VANF -S/. 498,374
TIRE 16% TIRF 20%
TIRE>TASA DESCUENTO, VANE>0 VANF>VANE , TIRF>TIRE
PROYECTO NO VIABLE PROYECTO NO VIABLE
OR DEBAJO DEL PROMEDIO

50% 50% 50% 50% 50%

1 2 3 4 5
S/. 150,000 S/. 350,000 S/. 500,000 S/. 750,000 S/. 1,000,000
 5 VALOR RESIDUAL
S/. 300,000 S/. 500,000

5 VALOR LIQUIDACION
S/. 1,667,143 S/. 5,434,571

S/. 2,000,000
0%

(+)
(+)
(+)
(- )

(+)
(- )