Taxa 25%

Payback simples
Ano Projeto I Caixa Projeto II Caixa Projeto III Caixa
0 - 1,500.00 - 1,500.00 - 1,500.00 - 1,500.00 - 1,500.00 - 1,500.00
1 300.00 - 1,200.00 400.00 - 1,100.00 800.00 - 700.00
2 700.00 - 500.00 500.00 - 600.00 700.00 -
3 1,000.00 500.00 600.00 - 500.00 500.00
4 600.00 1,100.00 1,100.00 1,100.00 2,000.00 2,500.00
5 800.00 1,900.00 1,300.00 2,400.00 1,500.00 4,000.00

Payback 2.50 Payback 3anos Payback 2 anos

Taxa 25%
Payback Descontado
Ano Projeto I Vj Caixa Ano Projeto II Vj Caixa Ano
0 - 1,500.00 - 1,500.00 - 1,500.00 0 - 1,500.00 - 1,500.00 - 1,500.00 0
1 300.00 240.00 - 1,260.00 1 400.00 320.00 - 1,180.00 1
2 700.00 448.00 - 812.00 2 500.00 320.00 - 860.00 2
3 1,000.00 512.00 - 300.00 3 600.00 307.20 - 552.80 3
4 600.00 245.76 - 54.24 4 1,100.00 450.56 - 102.24 4
5 800.00 262.14 207.90 5 1,300.00 425.98 323.74 5
retorno 4.21 períodos retorno 4.24 períodos

Taxa 25%
VPL
Ano Projeto I Vj Caixa Ano Projeto II Vj Caixa Ano
0 - 1,500.00 - 1,500.00 - 1,500.00 0 - 1,500.00 - 1,500.00 - 1,500.00 0
1 300.00 240.00 - 1,260.00 1 400.00 320.00 - 1,180.00 1
2 700.00 448.00 - 812.00 2 500.00 320.00 - 860.00 2
3 1,000.00 512.00 - 300.00 3 600.00 307.20 - 552.80 3
4 600.00 245.76 - 54.24 4 1,100.00 450.56 - 102.24 4
5 800.00 262.14 207.90 5 1,300.00 425.98 323.74 5

VPL 207.90 VPL 323.74

 Projeto III Vj Caixa
- 1,500.00 - 1,500.00 - 1,500.00
800.00 640.00 - 860.00
700.00 448.00 - 412.00
500.00 256.00 - 156.00
2,000.00 819.20 663.20
1,500.00 491.52 1,154.72
retorno 3.19 períodos

Projeto III Vj Caixa

- 1,500.00 - 1,500.00 - 1,500.00
800.00 640.00 - 860.00
700.00 448.00 - 412.00
500.00 256.00 - 156.00
2,000.00 819.20 663.20
1,500.00 491.52 1,154.72

VPL 1,154.72
IR 25%
TMA 36%
Ano Investimento Depreciação Residual Venda Receita Custo Variável Custo fixo Lucro
0 - 40,000.00 0 40,000.00
1 8,000.00 32,000.00 60,000.00 24,000.00 15,000.00 13,000.00
2 8,000.00 24,000.00 65,000.00 26,000.00 15,000.00 16,000.00
3 8,000.00 16,000.00 70,000.00 28,000.00 15,000.00 19,000.00
4 8,000.00 8,000.00 75,000.00 30,000.00 15,000.00 22,000.00
5 8,000.00 - 8,000.00 80,000.00 32,000.00 15,000.00 33,000.00

TMA 36%
Ano Fluxo Vj
0 - 40,000.00 - 40,000.00 IL 17.28%
1 17,750.00 13,051.47
2 20,000.00 10,813.15
3 22,250.00 8,845.31
4 24,500.00 7,161.61
5 32,750.00 7,039.09
VPL= 6,910.63
 I.R. Fluxo
- 40,000.00
3,250.00 17,750.00
4,000.00 20,000.00
4,750.00 22,250.00
5,500.00 24,500.00
8,250.00 32,750.00
VPL VPL
TMA 6% R$ 6,252.49 TIR 9.56%

Período Investimento A Vj Período Investimento

0- 80,000.00 - 80,000.00 0 - 80,000.00
1 25,000.00 23,584.91 1 25,000.00
2 25,000.00 22,249.91 2 25,000.00
3 25,000.00 20,990.48 3 25,000.00
4 25,000.00 19,802.34 4 25,000.00
VPL= 6,627.64 VPL=

VPL TIR 10.85%

R$ 11,201.99
Período Investimento B Vj Período Investimento
0- 100,000.00 - 100,000.00 0 - 100,000.00
1 30,000.00 28,301.89 1 30,000.00
2 30,000.00 26,699.89 2 30,000.00
3 30,000.00 25,188.58 3 30,000.00
4 40,000.00 31,683.75 4 40,000.00
VPL= 11,874.11 VPL=

Simples Simples
Período Investimento A Caixa Período Investimento B Caixa
0- 80,000.00 - 80,000.00 0 - 100,000.00 - 100,000.00
1 25,000.00 - 55,000.00 1 30,000.00 - 70,000.00
2 25,000.00 - 30,000.00 2 30,000.00 - 40,000.00
3 25,000.00 - 5,000.00 3 30,000.00 - 10,000.00
4 25,000.00 20,000.00 4 40,000.00 30,000.00

Payback= 3.20 anos Payback= 3.25

 TIR
Vj 9.56%
- 80,000.00
22,817.67
20,825.85
19,007.89
17,348.64
-

TIR
Vj 10.85%
- 100,000.00
27,063.60
24,414.61
22,024.91
26,492.15
-

anos
IR 30%
TMA 14% Receita - custo
Ano Investimento Depreciação Residual Valor Resi. Receita Custo total Lucro
0
1
2
3
4
5
6
7
8
9
10

TMA 14% TIR 28.99%

Ano Fluxo Vj
0 -
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 - -
VPL
Ano Fluxo Vj
- 0 - -
- 1 - -
- 2 - -
- 3 - -
- 4 - -
- 5 - -
- 6 - -
- 7 - -
- 8 - -
- 9 - -
10 - -
- VPL -

Payback =
TIR 28.650%
Fluxo Vj
0
1
2
3
4
5
6
7
8
9
10
VPL
ta - custo
Lucro-Depreciação IR Fluxo