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  • c4 Van, Tir, Payback

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    Linsy Valenzuela
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    The document presents a cash flow analysis over 10 periods for two investment options. It shows revenues, costs, depreciation, taxes, net income, and cash flows. The net present value is calculated using discount rates of 10%, 20%, 30%, 37.84%, and 40%. The internal rate of return is 37.84%. Payback periods are calculated using simple payback of 6.49 months and discounted payback of 0.95 months.

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    The document presents a cash flow analysis over 10 periods for two investment options. It shows revenues, costs, depreciation, taxes, net income, and cash flows. The net present value is calculated using discount rates of 10%, 20%, 30%, 37.84%, and 40%. The internal rate of return is 37.84%. Payback periods are calculated using simple payback of 6.49 months and discounted payback of 0.95 months.

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    9 views13 pages

    c4 Van, Tir, Payback

    Uploaded by

    Linsy Valenzuela
    The document presents a cash flow analysis over 10 periods for two investment options. It shows revenues, costs, depreciation, taxes, net income, and cash flows. The net present value is calculated using discount rates of 10%, 20%, 30%, 37.84%, and 40%. The internal rate of return is 37.84%. Payback periods are calculated using simple payback of 6.49 months and discounted payback of 0.95 months.

    Copyright:

    © All Rights Reserved
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    of 13

    Ítems 0 1 2

    Ingresos $ 29,500,000 $ 29,500,000


    Costos -$ 9,600,000 -$ 9,600,000
    Depreciación -$ 4,500,000 -$ 4,500,000
    UAI $ 15,400,000 $ 15,400,000
    Impuestos (27%) -$ 4,158,000 -$ 4,158,000
    UDI $ 11,242,000 $ 11,242,000
    Ajuste GND $ 4,500,000 $ 4,500,000
    Inversión -$ 40,000,000
    Valor de desecho
    Flujo -$ 40,000,000 $ 15,742,000 $ 15,742,000

    Hipótesis Tasa de descuento 10%

    0 1 2
    Flujos -$ 40,000,000 $ 14,310,909 $ 13,009,917

    Opción 1 VAN $ 57,498,862


    Opción 2 VAN $ 57,498,862
    Períodos
    3 4 5 6 7 8
    $ 29,500,000 $ 29,500,000 $ 29,500,000 $ 29,500,000 $ 29,500,000 $ 29,500,000
    -$ 9,600,000 -$ 9,600,000 -$ 9,600,000 -$ 9,600,000 -$ 9,600,000 -$ 9,600,000
    -$ 4,500,000 -$ 4,500,000 -$ 4,500,000 -$ 4,500,000 -$ 4,500,000 -$ 4,500,000
    $ 15,400,000 $ 15,400,000 $ 15,400,000 $ 15,400,000 $ 15,400,000 $ 15,400,000
    -$ 4,158,000 -$ 4,158,000 -$ 4,158,000 -$ 4,158,000 -$ 4,158,000 -$ 4,158,000
    $ 11,242,000 $ 11,242,000 $ 11,242,000 $ 11,242,000 $ 11,242,000 $ 11,242,000
    $ 4,500,000 $ 4,500,000 $ 4,500,000 $ 4,500,000 $ 4,500,000 $ 4,500,000

    $ 15,742,000 $ 15,742,000 $ 15,742,000 $ 15,742,000 $ 15,742,000 $ 15,742,000

    3 4 5 6 7 8
    $ 11,827,198 $ 10,751,998 $ 9,774,543 $ 8,885,949 $ 8,078,135 $ 7,343,759
    9 10
    $ 29,500,000 $ 29,500,000
    -$ 9,600,000 -$ 9,600,000
    -$ 4,500,000 -$ 4,500,000
    $ 15,400,000 $ 15,400,000
    -$ 4,158,000 -$ 4,158,000
    $ 11,242,000 $ 11,242,000
    $ 4,500,000 $ 4,500,000

    $ 2,000,000
    $ 15,742,000 $ 17,742,000

    9 10
    $ 6,676,145 $ 6,840,309
    Ítems 0 1 2
    Ingresos $ 29,500,000 $ 29,500,000
    Costos -$ 9,600,000 -$ 9,600,000
    Depreciación -$ 4,500,000 -$ 4,500,000
    UAI $ 15,400,000 $ 15,400,000
    Impuestos (27%) -$ 4,158,000 -$ 4,158,000
    UDI $ 11,242,000 $ 11,242,000
    Ajuste GND $ 4,500,000 $ 4,500,000
    Inversión -$ 40,000,000
    Valor de desecho
    Flujo -$ 40,000,000 $ 15,742,000 $ 15,742,000

    Hipótesis Tasa de descuento 10%

    0 1 2
    Flujos -$ 40,000,000 $ 14,310,909 $ 13,009,917

    Opción 1 VAN $ 57,498,862


    Opción 2 VAN $ 57,498,862

    TIR 37.84%

    Tasa de descuento VAN


    10% $ 57,498,862
    20% $ 26,320,907
    30% $ 8,812,091
    37.84% $ -
    40% -$ 1,936,423
    Períodos
    3 4 5 6 7 8
    $ 29,500,000 $ 29,500,000 $ 29,500,000 $ 29,500,000 $ 29,500,000 $ 29,500,000
    -$ 9,600,000 -$ 9,600,000 -$ 9,600,000 -$ 9,600,000 -$ 9,600,000 -$ 9,600,000
    -$ 4,500,000 -$ 4,500,000 -$ 4,500,000 -$ 4,500,000 -$ 4,500,000 -$ 4,500,000
    $ 15,400,000 $ 15,400,000 $ 15,400,000 $ 15,400,000 $ 15,400,000 $ 15,400,000
    -$ 4,158,000 -$ 4,158,000 -$ 4,158,000 -$ 4,158,000 -$ 4,158,000 -$ 4,158,000
    $ 11,242,000 $ 11,242,000 $ 11,242,000 $ 11,242,000 $ 11,242,000 $ 11,242,000
    $ 4,500,000 $ 4,500,000 $ 4,500,000 $ 4,500,000 $ 4,500,000 $ 4,500,000

    $ 15,742,000 $ 15,742,000 $ 15,742,000 $ 15,742,000 $ 15,742,000 $ 15,742,000

    3 4 5 6 7 8
    $ 11,827,198 $ 10,751,998 $ 9,774,543 $ 8,885,949 $ 8,078,135 $ 7,343,759
    9 10
    $ 29,500,000 $ 29,500,000
    -$ 9,600,000 -$ 9,600,000
    -$ 4,500,000 -$ 4,500,000
    $ 15,400,000 $ 15,400,000
    -$ 4,158,000 -$ 4,158,000
    $ 11,242,000 $ 11,242,000
    $ 4,500,000 $ 4,500,000

    $ 2,000,000
    $ 15,742,000 $ 17,742,000

    9 10
    $ 6,676,145 $ 6,840,309
    Ítems 0 1 2
    Ingresos $ 29,500,000 $ 29,500,000
    Costos -$ 9,600,000 -$ 9,600,000
    Depreciación -$ 4,500,000 -$ 4,500,000
    UAI $ 15,400,000 $ 15,400,000
    Impuestos (27%) -$ 4,158,000 -$ 4,158,000
    UDI $ 11,242,000 $ 11,242,000
    Ajuste GND $ 4,500,000 $ 4,500,000
    Inversión -$ 40,000,000
    Valor de desecho
    Flujo -$ 40,000,000 $ 15,742,000 $ 15,742,000

    Hipótesis Tasa de descuento 10%

    0 1 2
    Flujos -$ 40,000,000 $ 14,310,909 $ 13,009,917

    Opción 1 VAN $ 57,498,862


    Opción 2 VAN $ 57,498,862

    TIR 37.84%

    Tasa de descuento VAN


    10% $ 57,498,862
    20% $ 26,320,907
    30% $ 8,812,091
    37.84% $ -
    40% -$ 1,936,423

    Payback Método simple Método descon


    Flujo Sumatoria Años Flujo descontado
    -$ 40,000,000 -$ 40,000,000 0 -$ 40,000,000
    $ 15,742,000 -$ 24,258,000 1 $ 14,310,909
    $ 15,742,000 -$ 8,516,000 2 $ 13,009,917
    $ 15,742,000 $ 7,226,000 3 $ 11,827,198
    $ 15,742,000 $ 22,968,000 4 $ 10,751,998
    $ 15,742,000 $ 38,710,000 5 $ 9,774,543
    $ 15,742,000 $ 54,452,000 6 $ 8,885,949
    $ 15,742,000 $ 70,194,000 7 $ 8,078,135
    $ 15,742,000 $ 85,936,000 8 $ 7,343,759
    $ 15,742,000 $ 101,678,000 9 $ 6,676,145
    $ 17,742,000 $ 119,420,000 10 $ 6,840,309

    Método simple 0.5410 6.49 meses


    Método descontado 0.0792 0.95 meses
    Períodos
    3 4 5 6 7 8
    $ 29,500,000 $ 29,500,000 $ 29,500,000 $ 29,500,000 $ 29,500,000 $ 29,500,000
    -$ 9,600,000 -$ 9,600,000 -$ 9,600,000 -$ 9,600,000 -$ 9,600,000 -$ 9,600,000
    -$ 4,500,000 -$ 4,500,000 -$ 4,500,000 -$ 4,500,000 -$ 4,500,000 -$ 4,500,000
    $ 15,400,000 $ 15,400,000 $ 15,400,000 $ 15,400,000 $ 15,400,000 $ 15,400,000
    -$ 4,158,000 -$ 4,158,000 -$ 4,158,000 -$ 4,158,000 -$ 4,158,000 -$ 4,158,000
    $ 11,242,000 $ 11,242,000 $ 11,242,000 $ 11,242,000 $ 11,242,000 $ 11,242,000
    $ 4,500,000 $ 4,500,000 $ 4,500,000 $ 4,500,000 $ 4,500,000 $ 4,500,000

    $ 15,742,000 $ 15,742,000 $ 15,742,000 $ 15,742,000 $ 15,742,000 $ 15,742,000

    3 4 5 6 7 8
    $ 11,827,198 $ 10,751,998 $ 9,774,543 $ 8,885,949 $ 8,078,135 $ 7,343,759

    Método descontado
    Sumatoria Años
    -$ 40,000,000 0
    -$ 25,689,091 1
    -$ 12,679,174 2
    -$ 851,976 3
    $ 9,900,022 4
    $ 19,674,565 5
    $ 28,560,514 6
    $ 36,638,649 7
    $ 43,982,408 8
    $ 50,658,553 9
    $ 57,498,862 10

    Payback 2 años y 6 meses


    Payback 3 años y 1 mes
    9 10
    $ 29,500,000 $ 29,500,000
    -$ 9,600,000 -$ 9,600,000
    -$ 4,500,000 -$ 4,500,000
    $ 15,400,000 $ 15,400,000
    -$ 4,158,000 -$ 4,158,000
    $ 11,242,000 $ 11,242,000
    $ 4,500,000 $ 4,500,000

    $ 2,000,000
    $ 15,742,000 $ 17,742,000

    9 10
    $ 6,676,145 $ 6,840,309
    1. Supongamos que realizamos una inversión de 1.000 euros en el año 1 y, en los próximos cuatro años, a
    final de cada año recibimos 400 euros. En este caso todos los flujos de caja son iguales.

    Año 0 Año 1 Año 2 Año 3 Año 4


    -1000 400 400 400 400

    Payback 2.5 años

    2. Supongamos ahora que invertimos 1000 euros a un proyecto pero los flujos de caja no son iguales todo
    los años. Recibimos 300 euros el primer año, 400 el segundo, 500 el tercero y 200 el último año.

    Año 0 Año 1 Año 2 Año 3 Año 4


    -1000 300 400 500 200

    Payback
    Payback
    1 y, en los próximos cuatro años, a
    e caja son iguales.

    s flujos de caja no son iguales todos


    ercero y 200 el último año.

    a (Inversión -b)/Ft
    2 años 0.6
    2 años y 6 meses

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