SELEÇÃO DE PROJETOS DE INVESTIMENTO

Anos Projeto 1 Projeto 2 Projeto 3 Projeto 4 Análise e Avaliação dos Fluxos de Caixa
0 ### ###
1 ($ 40,000) ($ 30,000) Taxa requerida k = 6.00%
2 ($ 40,000) ($ 30,000)
3 ($ 40,000) ($ 30,000) Projeto 1 Projeto 2
4 ($ 40,000) ($ 30,000) Número de capitais = 37 37
5 ($ 40,000) ($ 30,000) Mudanças de sinal = 0 0
6 ($ 40,000) ($ 30,000) PBS = Não se aplica Não se aplica
7 ($ 40,000) ($ 30,000) PBD (VP) = Não se aplica Não se aplica
8 ($ 40,000) ($ 30,000) PBD (SdoP) = Não se aplica Não se aplica
9 ($ 40,000) ($ 30,000) VPL = ($ 837,736) ($ 1,228,302)
10 ($ 40,000) ($ 30,000) VFL = ($ 888,000) ($ 1,302,000)
11 ($ 40,000) ($ 30,000) VUL = ($ 57,297) ($ 84,010)
12 ### ($ 30,000) IL= -0.05 -0.02
13 ($ 40,000) ($ 30,000) I L3 = -1.05 -1.02
14 ($ 40,000) ($ 30,000) TIR = #DIV/0! #DIV/0!
15 ($ 40,000) ($ 30,000) TIJ = -93.04% -93.04%
16 ($ 40,000) ($ 30,000) TER = -100.00% -100.00%
17 ($ 40,000) ($ 30,000)
18 ($ 40,000) ($ 30,000)
19 ($ 40,000) ###
20 ($ 40,000) ($ 30,000)
21 ($ 40,000) ($ 30,000)
22 ($ 40,000) ($ 30,000)
23 ($ 40,000) ($ 30,000)
24 ### ($ 30,000)
25 ($ 40,000) ($ 30,000)
26 ($ 40,000) ($ 30,000)
27 ($ 40,000) ($ 30,000)
28 ($ 40,000) ($ 30,000)
29 ($ 40,000) ($ 30,000)
30 ($ 40,000) ($ 30,000)
31 ($ 40,000) ($ 30,000)
32 ($ 40,000) ($ 30,000)
33 ($ 40,000) ($ 30,000)
34 ($ 40,000) ($ 30,000)
35 ($ 40,000) ($ 30,000)
36 ($ 40,000) ($ 30,000)

37 37 0 0

0
 ($ 1,302,000)
Capitais Cálculos Teste
### ($ 1,200,000) sinal A
($ 30,000) ($ 1,302,000) 0
($ 30,000) ($ 1,410,120) 0
Projeto 3 Projeto 4 ($ 30,000) ($ 1,524,727) 0
Projeto 3? Projeto 4? ($ 30,000) ($ 1,646,211) 0
($ 30,000) ($ 1,774,983) 0
Não se aplica ($ 30,000) ($ 1,911,482) 0
Não se aplica ($ 30,000) ($ 2,056,171) 0
Não se aplica ($ 30,000) ($ 2,209,542) 0
($ 30,000) ($ 2,372,114) 0
($ 30,000) ($ 2,544,441) 0
($ 30,000) ($ 2,727,108) 0
($ 30,000) ($ 2,920,734) 0
($ 30,000) ($ 3,125,978) 0
($ 30,000) ($ 3,343,537) 0
($ 30,000) ($ 3,574,149) 0
($ 30,000) ($ 3,818,598) 0
($ 30,000) ($ 4,077,714) 0
($ 30,000) ($ 4,352,377) 0
($ 530,000) ($ 5,143,519) 0
($ 30,000) ($ 5,482,130) 0
($ 30,000) ($ 5,841,058) 0
($ 30,000) ($ 6,221,522) 0
($ 30,000) ($ 6,624,813) 0
($ 30,000) ($ 7,052,302) 0
($ 30,000) ($ 7,505,440) 0
($ 30,000) ($ 7,985,766) 0
($ 30,000) ($ 8,494,912) 0
($ 30,000) ($ 9,034,607) 0
($ 30,000) ($ 9,606,683) 0
($ 30,000) ($ 10,213,084) 0
($ 30,000) ($ 10,855,869) 0
($ 30,000) ($ 11,537,221) 0
($ 30,000) ($ 12,259,455) 0
($ 30,000) ($ 13,025,022) 0
($ 30,000) ($ 13,836,523) 0
($ 30,000) ($ 14,696,715) 0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
PBS,1 2, 3 3
10 0.00
Teste Procura -93.04%
sinal B do PBD Controle Recálculo ($ 1,200,000)
1 (6,019,999.94) Valor real ($ 113,551)
2 (6,019,999.94) Rodada anterior ($ 37,906)
3 ($ 32,639)
4 ($ 32,273) Número de capitais = 37
5 ($ 32,247) Mudanças de sinais = 0
6 PBS = 0 ($ 32,245) PBS = Não se aplica
7 PBD (VP) = 0 ($ 32,245) PBD (VP) = Não se aplica
8 PBD (SdoP) = 0 ($ 32,245) PBD (SdoP) = Não se aplica
9 ($ 32,245) VPL = ($ 1,228,302)
10 ($ 32,245) VFL = ($ 1,302,000)
($ 32,245) VUL = ($ 84,010)
($ 32,245) IL= -0.02
($ 32,245) I L3 = -1.02
($ 32,245) TIR = Err:523
($ 32,245) TIJ = -93.04%
($ 32,245) TER = Err:502
($ 32,245)
($ 32,245)
($ 532,245)
($ 67,058)
($ 34,669)
($ 32,414)
($ 32,257)
($ 32,246)
($ 32,245)
($ 32,245)
($ 32,245)
($ 32,245)
($ 32,245)
($ 32,245)
($ 32,245)
($ 32,245)
($ 32,245)
($ 32,245)
($ 32,245)
($ 32,245)
($ 2,245)
($ 156)
($ 11)
($ 1)
($ 0)
($ 0)
($ 0)
($ 0)
($ 0)
($ 0)
($ 0)
($ 0)
($ 0)
($ 0)
PERFIL DOS VPL's DO

$0
0%
0%
2%
($ 500,000)
4%
6%
8%
($ 1,000,000)
10%
12%

($14%
1,500,000)
16%
18%

($20%
2,000,000)
22%
24%

($26%
2,500,000)
28%
30%
6.0%
($ 3,000,000)
6.0%

($ 3,500,000)
PERFIL DOS VPL's DOS PROJETOS DE INVESTIMENTO

Projeto 1 Projeto 2 Projeto 3 Projeto 4

$0
### ### $0 $0
0%
###
5%
###
10%
$0
15%
$0
20% 25% 30%
Projeto 1 35%

($ 500,000) ### ### $0 $0 Projeto

### ### $0 $0 2
### ### $0 $0
Projeto 3
### ### $0 $0 Projeto
($ 1,000,000)
### ### $0 $0 4
### ### $0 $0
### ### $0 $0
($ 1,500,000)
### ### $0 $0
### ### $0 $0
### ### $0 $0
($ 2,000,000) 2
### ### $0 $0
### ### $0 $0 -1341146
($ 986,985) ### $0 $0
($ 2,500,000)
($ 970,023) ### $0 $0
($ 955,705) ### $0 $0
0
($ 3,000,000)
-2145834

($ 3,500,000)
 SELEÇÃO DE PROJETOS MUTUAMENTE EXCLUDENTES
ANÁLISE INCREMENTAL
Escala do Gráfico
Início = 0.0% RESULTADOS DA AVALIAÇÃO DOS FLUXOS DE CAIXA
Intervalo = 2.0%
Projeto 1 Projeto 2
VPL = ($ 837,736) ($ 1,228,302)
TIR = #DIV/0! #DIV/0!

Método do VPL: Escolher Projeto 1

ANÁLISE INCREMENTAL QUALITATIVA

Projeto 1 Projeto 2
Projeto 1

ANÁLISE INCREMENTAL QUANTITATIVA

Taxa Requerida 6.0%

Projeto Projeto Resultados do fluxo de caixa incremental
Desafiado Desafiante TIR Seleção
1 2 5.02% Projeto 1
2 3 Não se aplica
3 4 Não se aplica
 EXCLUDENTES

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
fluxo de caixa incremental 19
VPL 20
($ 47,073) 21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
 2-1 3-2 4-3
($ 400,000) ### $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 510,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
($ 490,000) $ 530,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 510,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$ 10,000 $ 30,000 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0