TMRE anual 23.

000000%
Anual 0.2300
mensual (anual/4) 0.0575
Periodo 1
Ingreso $0.00 $90.00
Egresos $0.00 $125.00
FNE -$530.00 -$35.00
0
VPN periodo -$530.00 -$33.10
1 -33.0969267139
2 -4.4710471751
3 16.9117623646
4 159.9221027384
5 143.6652459588
6 150.154045795
7 182.558110389
8 150.2535887975
9 166.2682437275
10 157.227653643
11 135.1623929877
12 130.3694003286
13 132.9498357776
14 130.2925534377
15 95.1079980301
16 98.1126994508
VPN $ 1,281.388

TIR obtenido
Periodo

86.024362%
VPN
-530 0
-28.8051404598 1
-3.3866780282 2
11.1489984337 3
91.7567045338 4
71.7403292605 5
65.2575871889 6
69.0521864711 7
49.4633453581 8
47.6376435173 9
39.2059717911 10
29.3333382937 11
24.6242842371 12
21.8553659045 13
18.6411285334 14
11.8427340011 15
10.6326737558 16
0.000
 102.2749770%

Año 1
2 3 4 5 6
$120.00 $130.00 $300.00 $280.00 $300.00
$125.00 $110.00 $100.00 $90.00 $90.00
-$5.00 $20.00 $200.00 $190.00 $210.00

-$4.47 $16.91 $159.92 $143.67 $150.15

Cálculo tasa mínima de rendimiento esperado

Riesgo #REF!
Inflación 4.81%
Recuperacion inversión 15.40%
Costo de capital 0.00%
Ganacias deseadas 15.00%
Total #REF!
Flujo de efe
$500.00
$400.00
$300.00
$200.00
$100.00
$0.00
1 2 3 4 5 6 7 8 9 10 11 1
Ingres o Eg

Flujo neto de Efecti

$400.00
$300.00
$200.00
$100.00
$0.00
1 2 3 4 5 6 7 8 9 10 11 12 13
-$100.00
-$200.00
-$300.00
-$400.00
-$500.00
-$600.00
 7 8 9 10 11 12 13
$390.00 $330.00 $400.00 $390.00 $350.00 $370.00 $400.00
$120.00 $95.00 $125.00 $115.00 $100.00 $115.00 $125.00
$270.00 $235.00 $275.00 $275.00 $250.00 $255.00 $275.00

$182.56 $150.25 $166.27 $157.23 $135.16 $130.37 $132.95

Flujo de efectivo Flujo de efectivo

$500.00
$400.00
$300.00
$200.00
$100.00
$0.00
3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Ingres o Egre s os Ingres o Egres os

Flujo neto de Efectivo Flujo neto de efecivo

$350.00
$300.00
$250.00
$200.00
3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 $150.00
$100.00
$50.00
$0.00
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 1
-$50.00
-$100.00
 Año 2
14 15 16 17 18 19
$410.00 $330.00 $350.00
$125.00 $110.00 $110.00
$285.00 $220.00 $240.00

$130.29 $95.11 $98.11 0 0 0

lujo de efectivo

8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Ingres o Egre s os

Flujo neto de efecivo

8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
2
20 21 22 23 24
$4,940.00
$1,780.00

0 0 0 0 0 1281.387659537
 TIR anual 23.000000%
Anual 0.2300
mensual (anual/4) 0.0575
Periodo 1 2
Ingreso $0.00 $90.00 $120.00
Egresos $530.00 $125.00 $125.00
FNE -$530.00 -$35.00 -$5.00

Depreciación 0 $15.829 $15.829

Ingreso gravable 0 -$50.829 -$20.829
Impuestos de ingreso grav$0.00 -$19.31 -$7.915
Flujo neto d. Impuestos -$530.00 -$15.685 $2.915

VPN periodo -$530.000 -$ 14.83 $ 2.61

1 -$14.832
2 $2.607
3 $15.571
4 $103.961
5 $93.621
6 $97.396
7 $117.253
8 $97.003
9 $106.723
10 $100.920
11 $87.053
12 $83.904
13 $84.496
14 $82.736
15 $60.815
16 $62.578
VPN $651.804
Periodo

TIR obtenido Depreciación

Periodo

62.709993% Maquinaria ind. 0.1

VPN Cursos de operación 0
0 -$ 530.00 0 Cursos seg ind 0
1 -$ 13.56 1 2 motos de reparto 0.2
2 $ 2.18 2 Firma renta de local 0
3 $ 11.90 3 Muebles oficina 0.1
4 $ 72.61 4 Equipo computo 0.333
5 $ 59.78 5
6 $ 56.85 6
 7 $ 62.57 7
8 $ 47.32 8
9 $ 47.59 9
10 $ 41.14 10
11 $ 32.44 11
12 $ 28.59 12
13 $ 26.32 13
14 $ 23.56 14
15 $ 15.83 15
16 $ 14.89 16
VPN $ 0.00007
 Depreciación mensu$ 15.83 Impuestos 38%

3 4 5 6 7 8
$130.00 $300.00 $280.00 $300.00 $390.00 $330.00
$110.00 $100.00 $90.00 $90.00 $120.00 $95.00
$20.00 $200.00 $190.00 $210.00 $270.00 $235.00

$15.829 $15.829 $15.829 $15.829 $15.829 $15.829

$4.171 $184.171 $174.171 $194.171 $254.171 $219.171
$1.585 $69.985 $66.185 $73.785 $96.585 $83.285
$18.415 $130.015 $123.815 $136.215 $173.415 $151.715

$ 15.57 $ 103.96 $ 93.62 $ 97.40 $ 117.25 $ 97.00

eciación
350 35
0
0
40 8
0
20 2
55 18.315 4.57875
63.315
15.82875
9 10 11 12 13 14 15
$400.00 $390.00 $350.00 $370.00 $400.00 $410.00 $330.00
$125.00 $115.00 $100.00 $115.00 $125.00 $125.00 $110.00
$275.00 $275.00 $250.00 $255.00 $275.00 $285.00 $220.00

$15.829 $15.829 $15.829 $15.829 $11.250 $11.250 $11.250

$259.171 $259.171 $234.171 $239.171 $263.750 $273.750 $208.750
$98.485 $98.485 $88.985 $90.885 $100.225 $104.025 $79.325
$176.515 $176.515 $161.015 $164.115 $174.775 $180.975 $140.675

$ 106.72 $ 100.92 $ 87.05 $ 83.90 $ 84.50 $ 82.74 $ 60.82

16 17 18 19 20 21
$350.00
$110.00
$240.00 $0.00 $0.00 $0.00 $0.00 $0.00

$11.250
$228.750
$86.925
$153.075

$ 62.58 $ - $ - $ - $ - $ -
22 23 24
$4,940.00
$2,310.00
$0.00 $0.00 $0.00 $2,630.00

$1,518.48

$ - $ - $ - 651.8038523467
TIR anual 23.000000%
Anual 0.2300
mensual (anual/4) 0.0575
Periodo 0 1
Ingreso $0.00 $90.00
Egresos $530.00 $125.00
FNE -$530.00 -$35.00

VP Ingresos $0.00 $85.11

VP Egresos $530.00 $118.20
Acumulado VP Ingresos a 2 años $2,952.91
Acumulado VP Egresos a 2 años $1,671.52
Índice de rentabilidad 1.767
Periodo 0 1
Depreciación 0 $15.829
Ingreso gravable 0 -$50.829
Impuestos de ingreso gravable $0.00 -$19.31
Flujo neto d. Impuestos -$530.00 -$15.685

Suma acumulada de FNE -$530.00 -$565.00

VPN periodo antes de impuestos -$530.000 -$33.097
VPN periodo después de impuestos -$530.000 -$14.832
Suma Acumulada VPN antes de imp. -$530.000 -$563.097
Suma acumulada VPN despues de imp. -$530.000 -$544.832

Perido de recuperación 6
PRD 7
PRDI 9
 Depreciación mensual
Impuestos

Año 1
2 3 4 5 6
$120.00 $130.00 $300.00 $280.00 $300.00
$125.00 $110.00 $100.00 $90.00 $90.00
-$5.00 $20.00 $200.00 $190.00 $210.00

$107.31 $109.93 $239.88 $211.72 $214.51

$111.78 $93.01 $79.96 $68.05 $64.35

2 3 4 5 6
$15.829 $15.829 $15.829 $15.829 $15.829
-$20.829 $4.171 $184.171 $174.171 $194.171
-$7.915 $1.585 $69.985 $66.185 $73.785
$2.915 $18.415 $130.015 $123.815 $136.215

-$570.00 -$550.00 -$350.00 -$160.00 $50.00

-$4.471 $16.912 $159.922 $143.665 $150.154
$2.607 $15.571 $103.961 $93.621 $97.396
-$567.568 -$550.656 -$390.734 -$247.069 -$96.915
-$542.226 -$526.654 -$422.693 -$329.072 -$231.676

6.7619047619
7.6040191962
9.8639269126
 38%

Año 1
7 8 9 10 11
$390.00 $330.00 $400.00 $390.00 $350.00
$120.00 $95.00 $125.00 $115.00 $100.00
$270.00 $235.00 $275.00 $275.00 $250.00

$263.70 $210.99 $241.84 $222.98 $189.23

$81.14 $60.74 $75.58 $65.75 $54.06

7 8 9 10 11
$15.829 $15.829 $15.829 $15.829 $15.829
$254.171 $219.171 $259.171 $259.171 $234.171
$96.585 $83.285 $98.485 $98.485 $88.985
$173.415 $151.715 $176.515 $176.515 $161.015

$320.00 $555.00 $830.00

$1,105.00 $1,355.00
$182.558 $150.254 $166.268 $157.228 $135.162
$117.253 $97.003 $106.723 $100.920 $87.053
$85.643 $235.897 $402.165 $559.393 $694.555
-$114.423 -$17.420 $89.303 $190.223 $277.276
 Año 2
12 13 14 15 16
$370.00 $400.00 $410.00 $330.00 $350.00
$115.00 $125.00 $125.00 $110.00 $110.00
$255.00 $275.00 $285.00 $220.00 $240.00

$189.16 $193.38 $187.44 $142.66 $143.08

$58.79 $60.43 $57.15 $47.55 $44.97

12 13 14 15 16
$15.829 $11.250 $11.250 $11.250 $11.250
$239.171 $263.750 $273.750 $208.750 $228.750
$90.885 $100.225 $104.025 $79.325 $86.925
$164.115 $174.775 $180.975 $140.675 $153.075

$1,610.00 $1,885.00 $2,170.00 $2,390.00 $2,630.00

$130.369 $132.950 $130.293 $95.108 $98.113
$83.904 $84.496 $82.736 $60.815 $62.578
$824.925 $957.874 $1,088.167 $1,183.275 $1,281.388
$361.180 $445.675 $528.411 $589.226 $651.804
17 18 19 20 21 22

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00

17 18 19 20 21 22
23 24

$0.00 $0.00
$0.00 $0.00

23 24

..
$1,281.388
$651.804
 TMRE anual 23.000000%
Anual 0.2300
mensual (anual/4) 0.0575
Periodo 1
Ingreso $0.00 $90.00
Egresos $0.00 $125.00
FNE -$530.00 -$35.00
0
VPN periodo -$530.00 -$33.10
1 -33.0969267139
2 -4.4710471751
3 16.9117623646
4 159.9221027384
5 143.6652459588
6 150.154045795
7 182.558110389
8 150.2535887975
9 166.2682437275
10 157.227653643
11 135.1623929877
12 130.3694003286
13 132.9498357776
14 130.2925534377
15 95.1079980301
16 98.1126994508
VPN $ 1,281.388

$ 408.80
$ 1,690.19

TIR obtenido
Periodo

86.024362%
VPN
-530 0
-28.8051404598 1
-3.3866780282 2
11.1489984337 3
91.7567045338 4
71.7403292605 5
65.2575871889 6
69.0521864711 7
49.4633453581 8
47.6376435173 9
39.2059717911 10
29.3333382937 11
24.6242842371 12
21.8553659045 13
18.6411285334 14
11.8427340011 15
10.6326737558 16
0.000
 102.2749770%

Año 1
2 3 4 5 6
$120.00 $130.00 $300.00 $280.00 $300.00
$125.00 $110.00 $100.00 $90.00 $90.00
-$5.00 $20.00 $200.00 $190.00 $210.00

-$4.47 $16.91 $159.92 $143.67 $150.15

Cálculo tasa mínima de rendimiento esperado

Riesgo #REF!
Inflación 4.81%
Recuperacion inversión 15.40%
Costo de capital 0.00%
Ganacias deseadas 15.00%
Total #REF!
Flujo de efe
$500.00
$400.00
$300.00
$200.00
$100.00
$0.00
1 2 3 4 5 6 7 8 9 10 11 1
Ingres o Eg

1000
Flujo neto de Efecti
$400.00
$300.00
$200.00
$100.00
$0.00
1 2 3 4 5 6 7 8 9 10 11 12 13
-$100.00
-$200.00
-$300.00
-$400.00
-$500.00
-$600.00
 7 8 9 10 11 12 13
$390.00 $330.00 $400.00 $390.00 $350.00 $370.00 $400.00
$120.00 $95.00 $125.00 $115.00 $100.00 $115.00 $125.00
$270.00 $235.00 $275.00 $275.00 $250.00 $255.00 $275.00

$182.56 $150.25 $166.27 $157.23 $135.16 $130.37 $132.95

Flujo de efectivo Flujo de efectivo

$500.00
$400.00
$300.00
$200.00
$100.00
$0.00
3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Ingres o Egre s os Ingres o Egres os

Flujo neto de Efectivo Flujo neto de efecivo

$350.00
$300.00
$250.00
$200.00
3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 $150.00
$100.00
$50.00
$0.00
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 1
-$50.00
-$100.00
 Año 2
14 15 16 17 18 19
$410.00 $330.00 $350.00
$125.00 $110.00 $110.00
$285.00 $220.00 $240.00

$130.29 $95.11 $98.11 0 0 0

lujo de efectivo

8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Ingres o Egre s os

Flujo neto de efecivo

8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
2
20 21 22 23 24
$4,940.00
$1,780.00

0 0 0 0 0 1281.387659537
 TIR anual 23.000000%
Anual 0.2300
mensual (anual/4) 0.0575
Periodo 1 2
Ingreso $0.00 $90.00 $120.00
Egresos $530.00 $125.00 $125.00
FNE -$530.00 -$35.00 -$5.00

Depreciación 0 $15.829 $15.829

Ingreso gravable 0 -$50.829 -$20.829
Impuestos de ingreso grav$0.00 -$19.31 -$7.915
Flujo neto d. Impuestos -$530.00 -$15.685 $2.915

VPN periodo -$530.000 -$ 14.83 $ 2.61

1 -$14.832
2 $2.607
3 $15.571
4 $103.961
5 $93.621
6 $97.396
7 $117.253
8 $97.003
9 $106.723
10 $100.920
11 $87.053
12 $83.904
13 $84.496
14 $82.736
15 $60.815
16 $62.578 620
VPN $651.804 620
$253.46 $905.262
Periodo

TIR obtenido Depreciación

Periodo

62.709993% Maquinaria ind. 0.1

VPN Cursos de operación 0
0 -$ 530.00 0 Cursos seg ind 0
1 -$ 13.56 1 2 motos de reparto 0.2
2 $ 2.18 2 Firma renta de local 0
3 $ 11.90 3 Muebles oficina 0.1
4 $ 72.61 4 Equipo computo 0.333
5 $ 59.78 5
6 $ 56.85 6
 7 $ 62.57 7
8 $ 47.32 8
9 $ 47.59 9
10 $ 41.14 10
11 $ 32.44 11
12 $ 28.59 12
13 $ 26.32 13
14 $ 23.56 14
15 $ 15.83 15
16 $ 14.89 16
VPN $ 0.00007
 Depreciación mensu$ 15.83 Impuestos 38%

3 4 5 6 7 8
$130.00 $300.00 $280.00 $300.00 $390.00 $330.00
$110.00 $100.00 $90.00 $90.00 $120.00 $95.00
$20.00 $200.00 $190.00 $210.00 $270.00 $235.00

$15.829 $15.829 $15.829 $15.829 $15.829 $15.829

$4.171 $184.171 $174.171 $194.171 $254.171 $219.171
$1.585 $69.985 $66.185 $73.785 $96.585 $83.285
$18.415 $130.015 $123.815 $136.215 $173.415 $151.715

$ 15.57 $ 103.96 $ 93.62 $ 97.40 $ 117.25 $ 97.00

eciación
350 35
0
0
40 8
0
20 2
55 18.315 4.57875
63.315
15.82875
9 10 11 12 13 14 15
$400.00 $390.00 $350.00 $370.00 $400.00 $410.00 $330.00
$125.00 $115.00 $100.00 $115.00 $125.00 $125.00 $110.00
$275.00 $275.00 $250.00 $255.00 $275.00 $285.00 $220.00

$15.829 $15.829 $15.829 $15.829 $11.250 $11.250 $11.250

$259.171 $259.171 $234.171 $239.171 $263.750 $273.750 $208.750
$98.485 $98.485 $88.985 $90.885 $100.225 $104.025 $79.325
$176.515 $176.515 $161.015 $164.115 $174.775 $180.975 $140.675

$ 106.72 $ 100.92 $ 87.05 $ 83.90 $ 84.50 $ 82.74 $ 60.82

16 17 18 19 20 21
$350.00
$110.00
$240.00 $0.00 $0.00 $0.00 $0.00 $0.00

$11.250
$228.750
$86.925
$153.075

$ 62.58 $ - $ - $ - $ - $ -
22 23 24
$4,940.00
$2,310.00
$0.00 $0.00 $0.00 $2,630.00

$1,518.48

$ - $ - $ - 651.8038523467
TIR anual 23.000000%
Anual 0.2300
mensual (anual/4) 0.0575
Periodo 0 1
Ingreso $0.00 $90.00
Egresos $530.00 $125.00
FNE -$530.00 -$35.00

VP Ingresos $0.00 $85.11

VP Egresos $530.00 $118.20
Acumulado VP Ingresos a 2 años $2,952.91
Acumulado VP Egresos a 2 años $1,671.52
Índice de rentabilidad 1.767
Periodo 0 1
Depreciación 0 $15.829
Ingreso gravable 0 -$50.829
Impuestos de ingreso gravable $0.00 -$19.31
Flujo neto d. Impuestos -$530.00 -$15.685

Suma acumulada de FNE -$530.00 -$565.00

VPN periodo antes de impuestos -$530.000 -$33.097
VPN periodo después de impuestos -$530.000 -$14.832
Suma Acumulada VPN antes de imp. -$530.000 -$563.097
Suma acumulada VPN despues de imp. -$530.000 -$544.832

Perido de recuperación 6
PRD 7
PRDI 9
 Depreciación mensual
Impuestos

Año 1
2 3 4 5 6
$120.00 $130.00 $300.00 $280.00 $300.00
$125.00 $110.00 $100.00 $90.00 $90.00
-$5.00 $20.00 $200.00 $190.00 $210.00

$107.31 $109.93 $239.88 $211.72 $214.51

$111.78 $93.01 $79.96 $68.05 $64.35

2 3 4 5 6
$15.829 $15.829 $15.829 $15.829 $15.829
-$20.829 $4.171 $184.171 $174.171 $194.171
-$7.915 $1.585 $69.985 $66.185 $73.785
$2.915 $18.415 $130.015 $123.815 $136.215

-$570.00 -$550.00 -$350.00 -$160.00 $50.00

-$4.471 $16.912 $159.922 $143.665 $150.154
$2.607 $15.571 $103.961 $93.621 $97.396
-$567.568 -$550.656 -$390.734 -$247.069 -$96.915
-$542.226 -$526.654 -$422.693 -$329.072 -$231.676
 38%

Año 1
7 8 9 10 11
$390.00 $330.00 $400.00 $390.00 $350.00
$120.00 $95.00 $125.00 $115.00 $100.00
$270.00 $235.00 $275.00 $275.00 $250.00

$263.70 $210.99 $241.84 $222.98 $189.23

$81.14 $60.74 $75.58 $65.75 $54.06

7 8 9 10 11
$15.829 $15.829 $15.829 $15.829 $15.829
$254.171 $219.171 $259.171 $259.171 $234.171
$96.585 $83.285 $98.485 $98.485 $88.985
$173.415 $151.715 $176.515 $176.515 $161.015

$320.00 $555.00 $830.00

$1,105.00 $1,355.00
$182.558 $150.254 $166.268 $157.228 $135.162
$117.253 $97.003 $106.723 $100.920 $87.053
$85.643 $235.897 $402.165 $559.393 $694.555
-$114.423 -$17.420 $89.303 $190.223 $277.276
 Año 2
12 13 14 15 16
$370.00 $400.00 $410.00 $330.00 $350.00
$115.00 $125.00 $125.00 $110.00 $110.00
$255.00 $275.00 $285.00 $220.00 $240.00

$189.16 $193.38 $187.44 $142.66 $143.08

$58.79 $60.43 $57.15 $47.55 $44.97

12 13 14 15 16
$15.829 $11.250 $11.250 $11.250 $11.250
$239.171 $263.750 $273.750 $208.750 $228.750
$90.885 $100.225 $104.025 $79.325 $86.925
$164.115 $174.775 $180.975 $140.675 $153.075

$1,610.00 $1,885.00 $2,170.00 $2,390.00 $2,630.00

$130.369 $132.950 $130.293 $95.108 $98.113
$83.904 $84.496 $82.736 $60.815 $62.578
$824.925 $957.874 $1,088.167 $1,183.275 $1,281.388
$361.180 $445.675 $528.411 $589.226 $651.804
17 18 19 20 21 22

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00

17 18 19 20 21 22
23 24

$0.00 $0.00
$0.00 $0.00

23 24

..
$1,281.388
$651.804