PROYECTO A PROYECTO B

AÑO FLUJO DE CAJA FLUJO DE CAJA

0 -11000 -11000
1 2000 11000
2 7500 5500
3 10000 1000

SOLUCION
PROYECTO A PROYECTO B INCREMENTAL
-11000 -11000 0
2000 11000 9000
7500 5500 -2000
10000 1000 -9000
TIR 27.53% 40.27% 11.73%
-2138.615 1488.616
VAN
CON i=40.27 CON i=27.53
 a b INCREMENTAL
k(%) van k(%) van k(%) van
0 8500 0 6500 0 -2000
0.5 8267.09612 0.5 6375.83216 0.5 -1891.26396
1 8038.31987 1 6253.30753 1 -1785.01234
1.5 7813.5764 1.5 6132.39503 1.5 -1681.18137
2 7592.77352 2 6013.06436 2 -1579.70916
2.5 7375.82159 2.5 5895.28591 2.5 -1480.53569
3 7162.63348 3 5779.03081 3 -1383.60267
3.5 6953.12446 3.5 5664.27088 3.5 -1288.85358
4 6747.21211 4 5550.97861 4 -1196.2335
4.5 6544.81627 4.5 5439.12713 4.5 -1105.68915
5 6345.85898 5 5328.69021 5 -1017.16877
5.5 6150.26436 5.5 5219.64223 5.5 -930.622122
6 5957.95858 6 5111.95819 6 -846.00039 3968.55
6.5 5768.86981 6.5 5005.61364 6.5 -763.256166
7 5582.92811 7 4900.58471 7 -682.343395
7.5 5400.0654 7.5 4796.84808 7.5 -603.217327
8 5220.21541 8 4694.38094 8 -525.834476
8.5 5043.31361 8.5 4593.16102 8.5 -450.152584
9 4869.29714 9 4493.16656 9 -376.130573
9.5 4698.10479 9.5 4394.37627 9.5 -303.728515
10 4529.67693 10 4296.76935 10 -232.907588
10.5 4363.95549 10.5 4200.32544 10.5 -163.630049
11 4200.88386 11 4105.02467 11 -95.8591901
11.5 4040.4069 11.5 4010.84758 11.5 -29.5593146
12 3882.47085 12 3917.77515 12 35.3043003
12.5 3727.02332 12.5 3825.78875 12.5 98.7654321
13 3574.01325 13 3734.8702 13 160.856943
13.5 3423.39086 13.5 3645.00166 13.5 221.610807
14 3275.10759 14 3556.16573 14 281.058139
14.5 3129.11611 14.5 3468.34534 14.5 339.229222
15 2985.37026 15 3381.52379 15 396.15353
15.5 2843.82501 15.5 3295.68476 15.5 451.859754
16 2704.43643 16 3210.81225 16 506.375825
16.5 2567.16166 16.5 3126.8906 16.5 559.728941
17 2431.95891 17 3043.90449 17 611.945582
17.5 2298.78736 17.5 2961.8389 17.5 663.05154
18 2167.6072 18 2880.67913 18 713.07193
18.5 2038.37958 18.5 2800.4108 18.5 762.031221
19 1911.06655 19 2721.0198 19 809.953245
19.5 1785.63109 19.5 2642.49231 19.5 856.861222
20 1662.03704 20 2564.81481 20 902.777778
20.5 1540.24909 20.5 2487.97405 20.5 947.724958
 21 1420.23278 21 2411.95703 21 991.724248
21.5 1301.95443 21.5 2336.75102 21.5 1034.79659
22 1185.38116 22 2262.34354 22 1076.96239
22.5 1070.48084 22.5 2188.72239 22.5 1118.24155
23 957.222091 23 2115.87556 23 1158.65347
23.5 845.574254 23.5 2043.79131 23.5 1198.21705
24 735.507368 24 1972.45812 24 1236.95076
24.5 626.992154 24.5 1901.86471 24.5 1274.87256
25 520 25 1832 25 1312
25.5 414.502938 25.5 1762.85313 25.5 1348.35019
26 310.473631 26 1694.41345 26 1383.93982
26.5 207.885354 26.5 1626.67052 26.5 1418.78517
27 106.711977 27 1559.6141 27 1452.90212
27.5 6.9279538 27.5 1493.23413 27.5 1486.30617
28 -91.4916992 28 1427.52075 28 1519.01245
28.5 -188.571414 28.5 1362.4643 28.5 1551.03572
29 -284.335085 29 1298.05528 29 1582.39037
29.5 -378.806087 29.5 1234.28439 29.5 1613.09047
30 -472.007283 30 1171.14247 30 1643.14975
30.5 -563.96104 30.5 1108.62056 30.5 1672.5816
31 -654.689245 31 1046.70985 31 1701.3991
31.5 -744.213311 31.5 985.401711 31.5 1729.61502
32 -832.554192 32 924.687648 32 1757.24184
32.5 -919.732397 32.5 864.559334 32.5 1784.29173
33 -1005.768 33 805.008592 33 1810.77659
33.5 -1090.68064 33.5 746.027393 33.5 1836.70803
34 -1174.48955 34 687.607851 34 1862.0974
34.5 -1257.21356 34.5 629.742222 34.5 1886.95578
35 -1338.87111 35 572.422903 35 1911.29401
35.5 -1419.48024 35.5 515.642423 35.5 1935.12266
36 -1499.05862 36 459.393446 36 1958.45207
36.5 -1577.62357 36.5 403.668764 36.5 1981.29233
37 -1655.19203 37 348.461296 37 2003.65333
37.5 -1731.78062 37.5 293.764087 37.5 2025.5447
38 -1807.40558 38 239.570301 38 2046.97588
38.5 -1882.08286 38.5 185.873222 38.5 2067.95608
39 -1955.82806 39 132.666249 39 2088.49431
39.5 -2028.65648 39.5 79.942898 39.5 2108.59937
40 -2100.58309 40 27.696793 40 2128.27988
40.5 -2171.62259 40.5 -24.0783312 40.5 2147.54426
41 -2241.78936 41 -75.3886333 41 2166.40072
41.5 -2311.0975 41.5 -126.240167 41.5 2184.85733
42 -2379.56084 42 -176.638885 42 2202.92196
42.5 -2447.19293 42.5 -226.590638 42.5 2220.60229
43 -2514.00705 43 -276.101179 43 2237.90587
43.5 -2580.01621 43.5 -325.176165 43.5 2254.84005
44 -2645.2332 44 -373.821159 44 2271.41204
44.5 -2709.67051 44.5 -422.041631 44.5 2287.62888
45 -2773.34044 45 -469.842962 45 2303.49748
45.5 -2836.25501 45.5 -517.230442 45.5 2319.02457
46 -2898.42603 46 -564.209276 46 2334.21676
46.5 -2959.86508 46.5 -610.784584 46.5 2349.0805
47 -3020.58351 47 -656.961401 47 2363.62211
47.5 -3080.59247 47.5 -702.744682 47.5 2377.84778
48 -3139.90287 48 -748.139301 48 2391.76357
48.5 -3198.52544 48.5 -793.150053 48.5 2405.37539
49 -3256.4707 49 -837.781659 49 2418.68904
49.5 -3313.74897 49.5 -882.03876 49.5 2431.71021
50 -3370.37037 50 -925.925926 50 2444.44444
50.5 -3426.34484 50.5 -969.447654 50.5 2456.89719
51 -3481.68214 51 -1012.60837 51 2469.07377
51.5 -3536.39183 51.5 -1055.41243 51.5 2480.9794
52 -3590.48331 52 -1097.86412 52 2492.61919
52.5 -3643.96579 52.5 -1139.96766 52.5 2503.99813
53 -3696.84834 53 -1181.72721 53 2515.12113
53.5 -3749.13984 53.5 -1223.14686 53.5 2525.99298
54 -3800.84901 54 -1264.23063 54 2536.61838
54.5 -3851.98441 54.5 -1304.98248 54.5 2547.00193
55 -3902.55446 55 -1345.40633 55 2557.14813
55.5 -3952.56742 55.5 -1385.50602 55.5 2567.0614
56 -4002.03139 56 -1425.28532 56 2576.74607
56.5 -4050.95434 56.5 -1464.74798 56.5 2586.20636
57 -4099.34409 57 -1503.89765 57 2595.44644
57.5 -4147.20832 57.5 -1542.73797 57.5 2604.47036
58 -4194.55459 58 -1581.27248 58 2613.28211
58.5 -4241.3903 58.5 -1619.50469 58.5 2621.8856
59 -4287.72273 59 -1657.43807 59 2630.28466
59.5 -4333.55903 59.5 -1695.07601 59.5 2638.48302
60 -4378.90625 60 -1732.42188 60 2646.48438
60.5 -4423.77128 60.5 -1769.47896 60.5 2654.29232
61 -4468.1609 61 -1806.25053 61 2661.91038
61.5 -4512.08179 61.5 -1842.73978 61.5 2669.34202
62 -4555.5405 62 -1878.94987 62 2676.59063
62.5 -4598.54347 62.5 -1914.88393 62.5 2683.65954
63 -4641.09702 63 -1950.54502 63 2690.552
63.5 -4683.20738 63.5 -1985.93617 63.5 2697.27122
64 -4724.88066 64 -2021.06034 64 2703.82032
64.5 -4766.12287 64.5 -2055.9205 64.5 2710.20237
65 -4806.93992 65 -2090.51952 65 2716.4204
65.5 -4847.33762 65.5 -2124.86027 65.5 2722.47735
 66 -4887.32168 66 -2158.94555 66 2728.37613
66.5 -4926.89771 66.5 -2192.77815 66.5 2734.11956
67 -4966.07123 67 -2226.36079 67 2739.71044
67.5 -5004.84767 67.5 -2259.69617 67.5 2745.1515
68 -5043.23237 68 -2292.78696 68 2750.44542
68.5 -5081.23058 68.5 -2325.63576 68.5 2755.59482
69 -5118.84746 69 -2358.24517 69 2760.60229
69.5 -5156.08809 69.5 -2390.61773 69.5 2765.47036
70 -5192.95746 70 -2422.75595 70 2770.20151
70.5 -5229.46048 70.5 -2454.66232 70.5 2774.79816
71 -5265.60199 71 -2486.33928 71 2779.26272
71.5 -5301.38674 71.5 -2517.78923 71.5 2783.59751
72 -5336.8194 72 -2549.01455 72 2787.80485
72.5 -5371.90457 72.5 -2580.01759 72.5 2791.88698
73 -5406.64679 73 -2610.80067 73 2795.84612
73.5 -5441.0505 73.5 -2641.36605 73.5 2799.68445
74 -5475.12008 74 -2671.716 74 2803.40408
74.5 -5508.85985 74.5 -2701.85273 74.5 2807.00713
75 -5542.27405 75 -2731.77843 75 2810.49563
75.5 -5575.36686 75.5 -2761.49526 75.5 2813.8716
76 -5608.14237 76 -2791.00535 76 2817.13702
76.5 -5640.60465 76.5 -2820.31082 76.5 2820.29383
77 -5672.75766 77 -2849.41372 77 2823.34394
77.5 -5704.60533 77.5 -2878.31612 77.5 2826.28922
78 -5736.15152 78 -2907.02002 78 2829.13149
78.5 -5767.40001 78.5 -2935.52744 78.5 2831.87257
79 -5798.35455 79 -2963.84032 79 2834.51423
79.5 -5829.01882 79.5 -2991.96063 79.5 2837.05819
80 -5859.39643 80 -3019.89026 80 2839.50617
80.5 -5889.49096 80.5 -3047.63112 80.5 2841.85984
81 -5919.30592 81 -3075.18507 81 2844.12085
81.5 -5948.84476 81.5 -3102.55396 81.5 2846.2908
82 -5978.11089 82 -3129.7396 82 2848.37129
82.5 -6007.10766 82.5 -3156.74379 82.5 2850.36387
83 -6035.83837 83 -3183.56831 83 2852.27006
83.5 -6064.30628 83.5 -3210.2149 83.5 2854.09138
84 -6092.51459 84 -3236.6853 84 2855.82929
84.5 -6120.46645 84.5 -3262.9812 84.5 2857.48525
85 -6148.16497 85 -3289.1043 85 2859.06067
85.5 -6175.6132 85.5 -3315.05625 85.5 2860.55695
86 -6202.81417 86 -3340.83871 86 2861.97547
86.5 -6229.77085 86.5 -3366.45328 86.5 2863.31756
87 -6256.48615 87 -3391.90158 87 2864.58457
87.5 -6282.96296 87.5 -3417.18519 87.5 2865.77778
88 -6309.20413 88 -3442.30565 88 2866.89847
88.5 -6335.21244 88.5 -3467.26453 88.5 2867.9479
89 -6360.99065 89 -3492.06334 89 2868.92731
89.5 -6386.54149 89.5 -3516.70359 89.5 2869.8379
90 -6411.86762 90 -3541.18676 90 2870.68086
90.5 -6436.97168 90.5 -3565.51432 90.5 2871.45736
91 -6461.85628 91 -3589.68773 91 2872.16856
91.5 -6486.52398 91.5 -3613.7084 91.5 2872.81557
92 -6510.97729 92 -3637.57776 92 2873.39952
92.5 -6535.2187 92.5 -3661.29721 92.5 2873.92149
93 -6559.25068 93 -3684.86813 93 2874.38255
93.5 -6583.07563 93.5 -3708.29187 93.5 2874.78376
94 -6606.69594 94 -3731.5698 94 2875.12614
94.5 -6630.11395 94.5 -3754.70323 94.5 2875.41072
95 -6653.33198 95 -3777.69349 95 2875.6385
95.5 -6676.35232 95.5 -3800.54187 95.5 2875.81045
96 -6699.17721 96 -3823.24967 96 2875.92755
96.5 -6721.80888 96.5 -3845.81814 96.5 2875.99074
97 -6744.2495 97 -3868.24855 97 2876.00095
97.5 -6766.50123 97.5 -3890.54213 97.5 2875.9591
98 -6788.5662 98 -3912.70011 98 2875.8661
98.5 -6810.44652 98.5 -3934.72369 98.5 2875.72282
99 -6832.14423 99 -3956.61408 99 2875.53015
99.5 -6853.66139 99.5 -3978.37246 99.5 2875.28893
100 -6875 100 -4000 100 2875
 TIR VS VAN
9000

8000

7000

6000
VAN

5000

3968.55 4000

3000

2000

1000

0
0 5 10 15 20 25 30 35 40 45
-1000
11.73%
TIR

PROY A PROY B
40 45
 a b INCREMENTAL
k(%) van k(%) van k(%) van
11.7 3976.93053 11.7 3973.4871 11.7 -3.44342978
11.71 3973.76732 11.71 3971.62369 11.71 -2.14362835
11.72 3970.60512 11.72 3969.76073 11.72 -0.84439568
11.725 3969.0244 11.725 3968.82941 11.725 -0.19499255
11.7251 3968.99279 11.7251 3968.81078 11.7251 -0.18200593
11.7252 3968.96118 11.7252 3968.79216 11.7252 -0.16901938
11.7253 3968.92957 11.7253 3968.77353 11.7253 -0.15603288
11.7254 3968.89795 11.7254 3968.75491 11.7254 -0.14304643
11.7255 3968.86634 11.7255 3968.73628 11.7255 -0.13006005
11.7256 3968.83473 11.7256 3968.71766 11.7256 -0.11707372
11.7257 3968.80312 11.7257 3968.69903 11.7257 -0.10408745
11.7258 3968.77151 11.7258 3968.68041 11.7258 -0.09110123
11.7259 3968.7399 11.7259 3968.66178 11.7259 -0.07811507
11.726 3968.70829 11.726 3968.64316 11.726 -0.06512897
11.7261 3968.67668 11.7261 3968.62453 11.7261 -0.05214293
11.7262 3968.64506 11.7262 3968.60591 11.7262 -0.03915694
11.7263 3968.61345 11.7263 3968.58728 11.7263 -0.02617101
11.7264 3968.58184 11.7264 3968.56866 11.7264 -0.01318513
11.7265 3968.55023 11.7265 3968.55003 11.7265 -0.00019931
11.7266 3968.51862 11.7266 3968.53141 11.7266 0.01278645
11.7267 3968.48701 11.7267 3968.51278 11.7267 0.02577215
 a b a b
k(%) van k(%) van k(%) van k(%)
27.5 6.9279538 27.5 1493.23413 40 -2100.58309 40
27.51 4.94627222 27.51 1491.91336 40.1 -2114.86149 40.1
27.52 2.96513617 27.52 1490.59286 40.2 -2129.10453 40.2
27.53 0.98454545 27.53 1489.27262 40.25 -2136.21282 40.25
27.535 -0.00554547 27.535 1488.61261 40.255 -2136.92317 40.255
40.26 -2137.63342 40.26
40.265 -2138.34359 40.265
40.2655 -2138.41461 40.2655
40.266 -2138.48562 40.266
40.2665 -2138.55663 40.2665
40.267 -2138.62764 40.267
b
van
27.696793
17.3042883
6.93057288
1.75074569
1.23302041
0.71534191
0.19771018
0.14594958
0.09418945
0.04242978
-0.00932941