Años

1
2 n Ingresos Gastos Flujos Netos Factor (6%) VAN
3 0 -100,000 -100,000 1.000000 -100,000.00
1 200,000 174,200 25,800 0.943396 24,339.62
TIR 2 200,000 172,800 27,200 0.889996 24,207.90
3 200,000 171,300 28,700 0.839619 24,097.07
4 200,000 169,900 30,100 0.792094 23,842.02
Años 5 200,000 168,400 31,600 0.747258 23,613.36
1 VAN 20,099.98
2
3
n Ingresos Gastos Flujos Netos Factor (6%) VAN1
TIR 0 -100,000 -100,000 1.000000 -100,000.00
1 200,000 174,200 25,800 0.943396 24,339.62
2 200,000 172,800 27,200 0.889996 24,207.90
3 200,000 171,300 28,700 0.839619 24,097.07
Años 4 200,000 169,900 30,100 0.792094 23,842.02
1 5 200,000 168,400 31,600 0.747258 23,613.36
2 VAN1 20,099.98
3
TIR
VAN1  i2  i1 
TIR  i1  TIR= 13,15%
VAN1  VAN 2

n Ingresos Factor (6%) Total Gastos Factor (6%)

1 200,000 0.943396 188,679.25 174,200 0.943396
2 200,000 0.889996 177,999.29 172,800 0.889996
3 200,000 0.839619 167,923.86 171,300 0.839619
4 200,000 0.792094 158,418.73 169,900 0.792094
5 200,000 0.747258 149,451.63 168,400 0.747258
TOTAL 842,472.76 TOTAL

1.16625762
B/C = 1,17

n Ingresos Gastos Flujo Neto Saldo

1 200,000 174,200 25,800.00 25,800.00
2 200,000 172,800 27,200.00 53,000.00
3 200,000 171,300 28,700.00 81,700.00
4 200,000 169,900 30,100.00 111,800.00
5 200,000 168,400 31,600.00 143,400.00
PRC = 4 años
Factor (15%) VAN2
1.000000 -100,000.00
0.869565 22,434.78
0.756144 20,567.11
0.657516 18,870.72
0.571753 17,209.77
0.497177 15,710.78
VAN2 -5,206.84

Total
164,339.62
153,791.38
143,826.78
134,576.71
125,838.28
722,372.78
 n Flujos Netos Factor (15%) VAN
0 -100 1.000000 -100.00
1 80 0.869565 69.57
2 80 0.756144 60.49
3 80 0.657516 52.60
4 80 0.571753 45.74
VANA 128.40

n Flujos Netos Factor (45%) VAN1 Factor (75%) VAN2

0 -100 1.000000 -100.00 1.000000 -100.00
1 80 0.689655 55.17 0.571429 45.71
2 80 0.475624 38.05 0.326531 26.12
3 80 0.328017 26.24 0.186589 14.93
4 80 0.226218 18.10 0.106622 8.53
VAN1 37.56 VAN2 -4.71

TIR  i1 
VAN 1 i 2 i1 
VAN 1  VAN 2
TIR= 71,66%
37 , 56  75  45 
TIR  45  TIR= 13,15%
37 , 56  4 , 71
TIR  45  26 , 6572  71 , 6572 %

n Flujos Netos Factor (15%) VAN

0 -200 1.000000 -200.00
1 100 0.869565 86.96
2 100 0.756144 75.61
3 100 0.657516 65.75
4 100 0.571753 57.18
VANB 85.50

n Flujos Netos Factor (25%) VAN1 Factor (45%) VAN2

0 -200 1.000000 -200.00 1.000000 -200.00
1 100 0.800000 80.00 0.689655 68.97
2 100 0.640000 64.00 0.475624 47.56
3 100 0.512000 51.20 0.328017 32.80
4 100 0.409600 40.96 0.226218 22.62
VAN1 36.16 VAN2 -28.05

VAN 1 i 2  i1 
TIR  i1 
VAN 1  VAN 2

37 , 56  75  45 
TIR  45 
37 , 56  4 , 71
TIR  45  26 , 6572  71 , 6572 %
 VAN 1 i 2  i1 
TIR  i1 
VAN 1  VAN 2

37 , 56  75  45 
TIR  45 
37 , 56  4 , 71
TIR  45  26 , 6572  71 , 6572 %

TIR= 36,26%