SupuestosDatos bsicos del problemaSupuesto de inversin en activos y capital de trabajoInversin en activos fijos$8,300,000,000.00CAPEXInversin en capital de trabajo$4,300,000,000.00WKVida til del activo10aosPorcentaje a depreciar, activo fijo93%

Supuestos de ventaUnidades venta2,300,000.00Precio de venta$16,500.00Crecimiento en ventas1%anualesCrecimiento en precio1.80%reales

Supuestos generalesInflacin esperada6%Tasa de impuestos33%

Gastos pre operativos$2,300,000,000.00Vida til del proyecto10aos

Margen bruto para el ao 145%Crecimiento margen bruto0.23%Gastos fijos de administracinGastos fijos de administracin ao 1$8,300,000,000.00Crecimiento anual esperado1.70%Gastos de ventas15%ingresosVenta activos fijos$5,300,000,000.00

Estado de resultadosProyeccin de ventas y preciosProyeccin de gastos de administracinUtilidad OperacionalAoPrecioCantidadVentasMrgen BrutoCosto de ventasUtilidad BrutaGastos de administracinGastos de ventas1$16,500.002,300,000$37,950,000,000.0045%$20,872,500,000.00$17,077,500,000.00$8,300,000,000.00$5,692,500,000.00$3,085,000,000.002$17,804.822,323,000$41,360,596,860.0045.23%$22,653,198,900.22$18,707,397,959.78$8,947,566,000.00$6,204,089,529.00$3,555,742,430.783$19,212.832,346,230$45,077,706,788.2945.46%$24,585,381,282.33$20,492,325,505.95$9,645,655,099.32$6,761,656,018.24$4,085,014,388.394$20,732.182,369,692$49,128,876,359.5145.69%$26,681,892,750.85$22,446,983,608.66$10,398,209,110.17$7,369,331,453.93$4,679,443,044.575$22,371.682,393,389$53,544,127,781.0545.92%$28,956,664,303.99$24,587,463,477.06$11,209,477,384.94$8,031,619,167.16$5,346,366,924.956$24,140.832,417,323$58,356,181,380.0346.15%$31,424,803,673.15$26,931,377,706.88$12,084,040,810.52$8,753,427,207.00$6,093,909,689.367$26,049.882,441,496$63,600,698,085.6046.38%$34,102,694,313.50$29,498,003,772.10$13,026,837,674.55$9,540,104,712.84$6,931,061,384.718$28,109.912,465,911$69,316,543,703.1146.61%$37,008,102,683.09$32,308,441,020.02$14,043,191,549.92$10,397,481,555.47$7,867,767,914.639$30,332.842,490,570$75,546,076,938.9446.84%$40,160,294,500.74$35,385,782,438.20$15,138,841,354.65$11,331,911,540.84$8,915,029,542.7110$32,731.562,515,476$82,335,463,310.3147.07%$43,580,160,730.15$38,755,302,580.16$16,319,973,757.14$12,350,319,496.55$10,085,009,326.48

CAPEX+CTInversin en activosCAPEXInversin en Activos Fijos$8,300,000,000.00Valor a depreciar$7,719,000,000.00Venta$5,300,000,000.00Valor de salvamento$581,000,000.00Utilidad en venta de activo$4,719,000,000.00Impuestos a pagar venta$1,557,270,000.00Ingreso neto en venta$3,742,730,000.00AoDepreciacin1$771,900,000.002$771,900,000.003$771,900,000.004$771,900,000.005$771,900,000.006$771,900,000.007$771,900,000.008$771,900,000.009$771,900,000.0010$771,900,000.00Inversin en CT$4,300,000,000.00Capital de trabajoInversin en capital de trabajoRecuperacin de CTBeneficio tributarioInversin en CT0-$4,300,000,000.001$4,558,000,000.00$258,000,000.00-$258,000,000.002$4,831,480,000.00$273,480,000.00-$273,480,000.003$5,121,368,800.00$289,888,800.00-$289,888,800.004$5,428,650,928.00$307,282,128.00-$307,282,128.005$5,754,369,983.68$325,719,055.68-$325,719,055.686$6,099,632,182.70$345,262,199.02-$345,262,199.027$6,465,610,113.66$365,977,930.96-$365,977,930.968$6,853,546,720.48$387,936,606.82-$387,936,606.829$7,264,759,523.71$411,212,803.23-$411,212,803.2310$7,700,645,095.13$435,885,571.42$7,161,599,938.47$177,884,901.70$6,903,599,268.75

FCLAoEBITDADepreciacinAmortizacinUtilidad OperacionalImpuestos OperacionalesNOPATInversin Pre OperativosInversin en AFInversin en CTFlujo de caja libre del proyecto0-$2,300,000,000.00-$8,300,000,000.00-$4,300,000,000.00-$14,900,000,000.001$3,085,000,000.00$771,900,000.00$230,000,000.00$2,083,100,000.00$687,423,000.00$1,395,677,000.00-$258,000,000.00$2,139,577,000.002$3,555,742,430.78$771,900,000.00$230,000,000.00$2,553,842,430.78$842,768,002.16$1,711,074,428.62-$273,480,000.00$2,439,494,428.623$4,085,014,388.39$771,900,000.00$230,000,000.00$3,083,114,388.39$1,017,427,748.17$2,065,686,640.22-$289,888,800.00$2,777,697,840.224$4,679,443,044.57$771,900,000.00$230,000,000.00$3,677,543,044.57$1,213,589,204.71$2,463,953,839.86-$307,282,128.00$3,158,571,711.865$5,346,366,924.95$771,900,000.00$230,000,000.00$4,344,466,924.95$1,433,674,085.24$2,910,792,839.72-$325,719,055.68$3,586,973,784.046$6,093,909,689.36$771,900,000.00$230,000,000.00$5,092,009,689.36$1,680,363,197.49$3,411,646,491.87-$345,262,199.02$4,068,284,292.857$6,931,061,384.71$771,900,000.00$230,000,000.00$5,929,161,384.71$1,956,623,256.95$3,972,538,127.75-$365,977,930.96$4,608,460,196.798$7,867,767,914.63$771,900,000.00$230,000,000.00$6,865,867,914.63$2,265,736,411.83$4,600,131,502.80-$387,936,606.82$5,214,094,895.989$8,915,029,542.71$771,900,000.00$230,000,000.00$7,913,129,542.71$2,611,332,749.09$5,301,796,793.62-$411,212,803.23$5,892,483,990.3910$10,085,009,326.48$771,900,000.00$230,000,000.00$9,083,109,326.48$2,997,426,077.74$6,085,683,248.74$3,742,730,000.00$6,903,599,268.75$17,733,912,517.49TIR21.44%

Proyecto de FinanciacinActivos Fijos$8,300,000,000.00Capital de trabajo$4,300,000,000.00Pre operativo$2,300,000,000.00Total de inversin$14,900,000,000.00Crdito30%Capital de trabajo70%Tasa19%Tasa de comisin2.10%AoDesembolsoSaldo InicialAmortizacinInteresesComisiones anticipadasAhorros e impuestosFlujo de caja de financiamiento0$4,470,000,000.00$93,870,000.001$4,470,000,000.00$849,300,000.00$93,870,000.002$4,470,000,000.00$849,300,000.00$93,870,000.003$4,470,000,000.00$849,300,000.00$93,870,000.004$4,470,000,000.00$849,300,000.00$93,870,000.005$4,470,000,000.00$849,300,000.00$93,870,000.006$4,470,000,000.00$849,300,000.00$93,870,000.007$4,470,000,000.00$1,117,500,000.00$849,300,000.00$70,402,500.008$3,352,500,000.00$1,117,500,000.00$636,975,000.00$46,935,000.009$2,235,000,000.00$1,117,500,000.00$424,650,000.00$23,467,500.0010$1,117,500,000.00$1,117,500,000.00$212,325,000.000.0

Flujo de caja del accionistaAoProyecto de inversinProyecto de financiacinFlujo de caja libre del proyecto0$14,900,000,000.0012345678910