Escolar Documentos
Profissional Documentos
Cultura Documentos
Ano
Dados
0 1 2 3/4/5/6/7/8/9 10
Investimentos R$ mil 200,000,000.00
Produo Unidds\ano 30,000.00 60,000.00 120,000.00 120,000.00
Preo de Venda R$ Unid 900
Imposto s/Venda 10%
Matria Prima R$ p/Unid 130
Mo de Obra Direta R$ mil 7,000,000.00 8,000,000.00 9,000,000.00 9,000,000.00
Custo Indireto de Fabricao R$ mil 3,000,000.00 6,000,000.00 12,000,000.00 12,000,000.00
Depreciao R$ mil 5,000,000.00 10,000,000.00 20,000,000.00 20,000,000.00
Valor Residual Depreciao R$ mil 25,000,000.00
Despesas de Administrao R$ mil 2,000,000.00 3,000,000.00 4,000,000.00 4,000,000.00
Despesas Comerciais R$ mil 1,000,000.00 2,000,000.00 5,000,000.00 5,000,000.00
Imposto de Renda 25%
TMA 15%
100,000,000.00
50,000,000.00 43,700,000.00
18,850,000.00
6,800,000.00
-
(50,000,000.00)
(100,000,000.00)
(150,000,000.00)
(200,000,000.00)
(200,000,000.00)
(250,000,000.00)
Investimento Inicial Ano 1 Ano 2 Ano 3 10
Anlise Investimento - Payback
InvestimentoInicial 200,000,000.00 200,000,000.00 Payback Mdio= 5.00 anos
Payback Mdio
FluxoDeCaixaPeriodos 400,250,000.00 40,025,000.00
PerodoInv estimento 10
Payback Efetivo
Invest. (200,000,000.00)
1 6,800,000.00 (193,200,000.00)
2 18,850,000.00 (174,350,000.00)
3 43,700,000.00 (130,650,000.00)
4 43,700,000.00 (86,950,000.00)
A 5 43,700,000.00 (43,250,000.00)
n
6 43,700,000.00 (0.99)
o
7 43,700,000.00 Payback Efet.= 5.99 anos
8 43,700,000.00
9 43,700,000.00
10 68,700,000.00
Payback Descontado
Fluxo de Caixa Tx.Desconto FCx.Descontado Saldo
0 (200,000,000.00) 1.00 (200,000,000.00) (200,000,000.00)
1 6,800,000.00 0.87 5,913,043.48 (194,086,956.52)
2 18,850,000.00 0.76 14,253,308.13 (179,833,648.39)
3 43,700,000.00 0.66 28,733,459.36 (151,100,189.04)
A 4 43,700,000.00 0.57 24,985,616.83 (126,114,572.20)
n 5 43,700,000.00 0.50 21,726,623.33 (104,387,948.87)
o 6 43,700,000.00 0.43 18,892,715.94 (85,495,232.93)
7 43,700,000.00 0.38 16,428,448.64 (69,066,784.28)
8 43,700,000.00 0.33 14,285,607.52 (54,781,176.77)
9 43,700,000.00 0.28 12,422,267.41 (42,358,909.36)
10 68,700,000.00 0.25 16,981,589.31 (25,377,320.05) Payback Desc 0.00 anos
n
FC 1 FC 1 FC 2 FC n
VPL=I + t
=I + + 2
...
t=1 (1+k ) 1+k ( 1+k ) (1+ k )n
n
FC 1 FC 1 FC 2 FC n
Valor Presente Liq (VPL) VPL=I + t
=I + + 2
... VPL = (25,377,319.90)
t=1 (1+k ) 1+k ( 1+k ) (1+ k )n
Projeo e Anlise de Fluxo de Caixa-B
Ano
Dados
0 1 2 3/4/5/6/7/8/9 10
Investimentos R$ mil 250,000,000.00
Produo Unidds\ano 30,000.00 60,000.00 120,000.00 120,000.00
Preo de Venda R$ Unid 750
Imposto s/Venda 10%
Matria Prima R$ p/Unid 120
Mo de Obra Direta R$ mil 6,000,000.00 6,000,000.00 8,000,000.00 8,000,000.00
Custo Indireto de Fabricao R$ mil 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00
Depreciao R$ mil 6,250,000.00 12,500,000.00 25,000,000.00 25,000,000.00
Valor Residual Depreciao R$ mil 31,250,000.00
Despesas de Administrao R$ mil 2,000,000.00 3,000,000.00 4,000,000.00 4,000,000.00
Despesas Comerciais R$ mil 1,000,000.00 2,000,000.00 3,000,000.00 3,000,000.00
Despesas Financeira
Imposto de Renda 25%
TMA 5%
100,000,000.00
50,000,000.00 41,950,000.00
16,850,000.00
3,650,000.00
-
(50,000,000.00)
(100,000,000.00)
(150,000,000.00)
(200,000,000.00)
(250,000,000.00)
(250,000,000.00)
(300,000,000.00)
Investimento Inicial Ano 1 Ano 2 Ano 3 10
Anlise Investimento - Payback
InvestimentoInicial 250,000,000.00 250,000,000.00 Payback Mdio= 6.5 anos
Payback Mdio
FluxoDeCaixaPeriodos 387,350,000.00 38,735,000.00
PerodoInv estimento 10
Payback Efetivo
Invest. (250,000,000.00)
1 3,650,000.00 (246,350,000.00)
2 16,850,000.00 (229,500,000.00)
3 41,950,000.00 (187,550,000.00)
4 41,950,000.00 (145,600,000.00)
A 5 41,950,000.00 (103,650,000.00)
n
6 41,950,000.00 (61,700,000.00)
o
7 41,950,000.00 (1.47) Payback Efet.= 7.5 anos
8 41,950,000.00
9 41,950,000.00
10 73,200,000.00
TMA TMA
Payback Descontado
5% 10%
Fluxo de Caixa Tx.Desconto FCx.Descontado Saldo Tx.Desconto FCx.Descontado Saldo
0 (250,000,000.00) 1.0000 (250,000,000.00) (250,000,000.00) 1.0000 (250,000,000.00) (250,000,000.00)
1 3,650,000.00 0.9524 3,476,190.48 (246,523,809.52) 0.9091 3,318,181.82 (246,681,818.18)
2 16,850,000.00 0.9070 15,283,446.71 (231,240,362.81) 0.8264 13,925,619.83 (232,756,198.35)
# 3 41,950,000.00 0.8638 36,237,987.26 (195,002,375.55) 0.7513 31,517,655.90 (201,238,542.45)
N 4 41,950,000.00 0.8227 34,512,368.82 (160,490,006.74) 0.6830 28,652,414.45 (172,586,128.00)
A 5 41,950,000.00 0.7835 32,868,922.68 (127,621,084.05) 0.6209 26,047,649.50 (146,538,478.49)
M
E 6 41,950,000.00 0.7462 31,303,735.89 (96,317,348.16) 0.5645 23,679,681.37 (122,858,797.13)
? 7 41,950,000.00 0.7107 29,813,081.80 (66,504,266.36) 0.5132 21,526,983.06 (101,331,814.07)
8 41,950,000.00 0.6768 28,393,411.24 (38,110,855.13) 0.4665 19,569,984.60 (81,761,829.47)
9 41,950,000.00 0.6446 27,041,344.04 (11,069,511.09) 0.4241 17,790,895.09 (63,970,934.38)
10 73,200,000.00 0.6139 44,938,450.16 33,868,939.07 0.3855 28,221,768.79 (35,749,165.59)
100,000,000.00
50,000,000.00 43,700,000.00
18,850,000.00
6,800,000.00
-
(50,000,000.00)
(100,000,000.00)
(150,000,000.00)
(200,000,000.00)
(200,000,000.00)
(250,000,000.00)
Investimento Inicial Ano 1 Ano 2 Ano 3 10
Anlise Investimento - Payback
InvestimentoInicial 200,000,000.00 200,000,000.00 Payback Mdio= 5.0 anos
Payback Mdio
FluxoDeCaixaPeriodos 400,250,000.00 40,025,000.00
PerodoInv estimento 10
Payback Efetivo
Invest. (200,000,000.00)
1 6,800,000.00 (193,200,000.00)
2 18,850,000.00 (174,350,000.00)
3 43,700,000.00 (130,650,000.00)
4 43,700,000.00 (86,950,000.00)
A 5 43,700,000.00 (43,250,000.00)
n
6 43,700,000.00 450,000.00
o
7 43,700,000.00 0.01 Payback Efet.= 6.0 anos
8 43,700,000.00
9 43,700,000.00
10 68,700,000.00
TMA TMA
Payback Descontado
15.00% 10%
Fluxo de Caixa Tx.Desconto FCx.Descontado Saldo Tx.Desconto FCx.Descontado Saldo
0 (200,000,000.00) 1.0000 (200,000,000.00) (200,000,000.00) 1.0000 (200,000,000.00) (200,000,000.00)
1 6,800,000.00 0.8696 5,913,043.48 (194,086,956.52) 0.9091 6,181,818.18 (193,818,181.82)
2 18,850,000.00 0.7561 14,253,308.13 (179,833,648.39) 0.8264 15,578,512.40 (178,239,669.42)
3 43,700,000.00 0.6575 28,733,459.36 (151,100,189.04) 0.7513 32,832,456.80 (145,407,212.62)
A 4 43,700,000.00 0.5718 24,985,616.83 (126,114,572.20) 0.6830 29,847,688.00 (115,559,524.62)
n 5 43,700,000.00 0.4972 21,726,623.33 (104,387,948.87) 0.6209 27,134,261.82 (88,425,262.80)
o 6 43,700,000.00 0.4323 18,892,715.94 (85,495,232.93) 0.5645 24,667,510.74 (63,757,752.06)
7 43,700,000.00 0.3759 16,428,448.64 (69,066,784.28) 0.5132 22,425,009.77 (41,332,742.29)
8 43,700,000.00 0.3269 14,285,607.52 (54,781,176.77) 0.4665 20,386,372.52 (20,946,369.78)
9 43,700,000.00 0.2843 12,422,267.41 (42,358,909.36) 0.4241 18,533,065.92 (2,413,303.86)
10 68,700,000.00 0.2472 16,981,589.31 (25,377,320.05) 0.3855 26,486,823.98 24,073,520.13
30,000,000.00
20,450,000.00
20,000,000.00
10,000,000.00
5,242,500.00
-
(1,680,000.00)
(10,000,000.00)
(20,000,000.00)
(30,000,000.00)
(40,000,000.00)
(50,000,000.00)
(60,000,000.00)
(60,000,000.00)
(70,000,000.00)
Investimento Inicial Ano 1 Ano 2 Ano 3 10
Anlise Investimento - Payback
InvestimentoInicial 60,000,000.00 60,000,000.00 Payback Mdio= 3.45 anos
Payback Mdio
FluxoDeCaixaPeriodos173,762,500.00 17,376,250.00
PerodoInv estimento 10
Payback Efetivo
Invest. (60,000,000.00)
1 (1,680,000.00) (61,680,000.00)
2 5,242,500.00 (56,437,500.00)
3 20,450,000.00 (35,987,500.00)
4 20,450,000.00 (15,537,500.00)
A 5 20,450,000.00 (0.76)
n
6 20,450,000.00
o
7 20,450,000.00 Payback Efet.= 4.8 anos
8 20,450,000.00
9 20,450,000.00
10 27,050,000.00
TMA TMA
Payback Descontado
10.00% 20%
Fluxo de Caixa Tx.Desconto FCx.Descontado Saldo Tx.Desconto FCx.Descontado Saldo
0 (60,000,000.00) 1.0000 (60,000,000.00) (60,000,000.00) 1.0000 (60,000,000.00) (60,000,000.00)
1 (1,680,000.00) 0.9091 (1,527,272.73) (61,527,272.73) 0.8333 (1,400,000.00) (61,400,000.00)
2 5,242,500.00 0.8264 4,332,644.63 (57,194,628.10) 0.6944 3,640,625.00 (57,759,375.00)
3 20,450,000.00 0.7513 15,364,387.68 (41,830,240.42) 0.5787 11,834,490.74 (45,924,884.26)
A 4 20,450,000.00 0.6830 13,967,625.16 (27,862,615.26) 0.4823 9,862,075.62 (36,062,808.64)
n 5 20,450,000.00 0.6209 12,697,841.06 (15,164,774.20) 0.4019 8,218,396.35 (27,844,412.29)
o 6 20,450,000.00 0.5645 11,543,491.87 (3,621,282.33) 0.3349 6,848,663.62 (20,995,748.67)
7 20,450,000.00 0.5132 10,494,083.52 6,872,801.19 0.2791 5,707,219.69 (15,288,528.99)
8 20,450,000.00 0.4665 9,540,075.93 16,412,877.11 0.2326 4,756,016.40 (10,532,512.58)
9 20,450,000.00 0.4241 8,672,796.30 25,085,673.41 0.1938 3,963,347.00 (6,569,165.58)
10 27,050,000.00 0.3855 10,428,945.98 35,514,619.39 0.1615 4,368,726.02 (2,200,439.56)