ACTIVIDADES DE LA PRACTICA

PROBLEMA 1 Préstamo 2000000 i

n 36 CUOTA

Mes Inversión Ingresos Cuota Préstamo

0 -2000000 2000000
1 83000 S/. -91,607.59
2 83000 S/. -91,607.59
3 83000 S/. -91,607.59
4 83000 S/. -91,607.59
5 83000 S/. -91,607.59
6 83000 S/. -91,607.59
7 83000 S/. -91,607.59
8 83000 S/. -91,607.59
9 83000 S/. -91,607.59
10 83000 S/. -91,607.59
11 83000 S/. -91,607.59
12 83000 S/. -91,607.59
13 83000 S/. -91,607.59
14 83000 S/. -91,607.59
15 83000 S/. -91,607.59
16 83000 S/. -91,607.59
17 83000 S/. -91,607.59
18 83000 S/. -91,607.59
19 83000 S/. -91,607.59
20 83000 S/. -91,607.59
21 83000 S/. -91,607.59
22 83000 S/. -91,607.59
23 83000 S/. -91,607.59
24 83000 S/. -91,607.59
25 83000 S/. -91,607.59
26 83000 S/. -91,607.59
27 83000 S/. -91,607.59
28 83000 S/. -91,607.59
29 83000 S/. -91,607.59
30 83000 S/. -91,607.59
31 83000 S/. -91,607.59
32 83000 S/. -91,607.59
33 83000 S/. -91,607.59
34 83000 S/. -91,607.59
35 83000 S/. -91,607.59
36 83000 S/. -91,607.59
 i= 0.035
VAN S/. -58,719.13 No debe adquirirse

PROBLEMA 2

Préstamo 2000000
n(meses) 36
i= 0.0291666667 Costo mensual S/. 2,824.05
Cuota S/. 90,472.08

Mes Inversión Ingresos Costo de operaciónCuota

0 -3000000
1 150000 S/. -2,824.05 S/. -90,472.08
2 150000 S/. -2,824.05 S/. -90,472.08
3 150000 S/. -2,824.05 S/. -90,472.08
4 150000 S/. -2,824.05 S/. -90,472.08
5 150000 S/. -2,824.05 S/. -90,472.08
6 150000 S/. -2,824.05 S/. -90,472.08
7 150000 S/. -2,824.05 S/. -90,472.08
8 150000 S/. -2,824.05 S/. -90,472.08
9 150000 S/. -2,824.05 S/. -90,472.08
10 150000 S/. -2,824.05 S/. -90,472.08
11 150000 S/. -2,824.05 S/. -90,472.08
12 150000 S/. -2,824.05 S/. -90,472.08
13 150000 S/. -2,824.05 S/. -90,472.08
14 150000 S/. -2,824.05 S/. -90,472.08
15 150000 S/. -2,824.05 S/. -90,472.08
16 150000 S/. -2,824.05 S/. -90,472.08
17 150000 S/. -2,824.05 S/. -90,472.08
18 150000 S/. -2,824.05 S/. -90,472.08
19 150000 S/. -2,824.05 S/. -90,472.08
20 150000 S/. -2,824.05 S/. -90,472.08
21 150000 S/. -2,824.05 S/. -90,472.08
22 150000 S/. -2,824.05 S/. -90,472.08
23 150000 S/. -2,824.05 S/. -90,472.08
24 150000 S/. -2,824.05 S/. -90,472.08
25 150000 S/. -2,824.05 S/. -90,472.08
26 150000 S/. -2,824.05 S/. -90,472.08
27 150000 S/. -2,824.05 S/. -90,472.08
28 150000 S/. -2,824.05 S/. -90,472.08
29 150000 S/. -2,824.05 S/. -90,472.08
30 150000 S/. -2,824.05 S/. -90,472.08
31 150000 S/. -2,824.05 S/. -90,472.08
 32 150000 S/. -2,824.05 S/. -90,472.08
33 150000 S/. -2,824.05 S/. -90,472.08
34 150000 S/. -2,824.05 S/. -90,472.08
35 150000 S/. -2,824.05 S/. -90,472.08
36 150000 S/. -2,824.05 S/. -90,472.08
37 150000 S/. -2,824.05 S/. 0.00
38 150000 S/. -2,824.05 S/. 0.00
39 150000 S/. -2,824.05 S/. 0.00
40 150000 S/. -2,824.05 S/. 0.00
41 150000 S/. -2,824.05 S/. 0.00
42 150000 S/. -2,824.05 S/. 0.00
43 150000 S/. -2,824.05 S/. 0.00
44 150000 S/. -2,824.05 S/. 0.00
45 150000 S/. -2,824.05 S/. 0.00
46 150000 S/. -2,824.05 S/. 0.00
47 150000 S/. -2,824.05 S/. 0.00
48 150000 S/. -2,824.05 S/. 0.00
49 150000 S/. -2,824.05 S/. 0.00
50 150000 S/. -2,824.05 S/. 0.00
51 150000 S/. -2,824.05 S/. 0.00
52 150000 S/. -2,824.05 S/. 0.00
53 150000 S/. -2,824.05 S/. 0.00
54 150000 S/. -2,824.05 S/. 0.00
55 150000 S/. -2,824.05 S/. 0.00
56 150000 S/. -2,824.05 S/. 0.00
57 150000 S/. -2,824.05 S/. 0.00
58 150000 S/. -2,824.05 S/. 0.00
59 150000 S/. -2,824.05 S/. 0.00
60 150000 S/. -2,824.05 S/. 0.00

i= 2.97%
VAN S/. 1,170,149.10
Si aconsejaría la compra
PROBLEMA 3
AISLAMIENTO A
Año Inversión CAO Ahorro Flujo neto
0 -400000 -400000.0
1 -20000 100000 80000.0
2 -20000 108000.00 88000.0
3 -20000 116640.00 96640.0
4 -400000 -20000 125971.20 -294028.8
5 -20000 136048.90 116048.9
6 -20000 146932.81 126932.8
7 -20000 158687.43 138687.4
8 -400000 -20000 171382.43 -248617.6
 9 -20000 185093.02 165093.0
10 -20000 199900.46 179900.5

i= 20%
VAN= -227009.93

AISLAMIENTO B
Año Inversión CAO Ahorro Flujo neto
0 -500000 -500000.0
1 -20000 200000 180000.0
2 -20000 216000.00 196000.0
3 -20000 233280.00 213280.0
4 -20000 251942.40 231942.4
5 -500000 -20000 272097.79 -247902.2
6 -20000 293865.62 273865.6
7 -20000 317374.86 297374.9
8 -20000 342764.85 322764.9
9 -20000 370186.04 350186.0
10 -20000 399800.93 379800.9

i= 20%
VAN= 300747.71

AISLAMIENTO C
Año Inversión CAO Ahorro Flujo neto
0 -900000 -900000.0
1 -40000 300000 260000.0
2 -40000 324000.00 284000.0
3 -40000 349920.00 309920.0
4 -40000 377913.60 337913.6
5 -40000 408146.69 368146.7
6 -40000 440798.42 400798.4
7 -40000 476062.30 436062.3
8 -40000 514147.28 474147.3
9 -40000 555279.06 515279.1
10 -40000 599701.39 559701.4

i= 20%
VAN= 560605.02

Conviene el aislamiento C
PROBLEMA 4

Costos de
AÑO Inversión Valor residual Ingresos anuales mantenimiento
0 -100000
1 17000 -4000
2 17000 -4000
3 17000 -4000
4 17000 -4000
5 17000 -4000
6 17000 -4000
7 17000 -4000
8 17000 -4000
9 17000 -4000
10 17000 -4000
11 17000 -4000
12 17000 -4000
13 17000 -4000
14 17000 -4000
15 17000 -4000
16 17000 -4000
17 17000 -4000
18 17000 -4000
19 17000 -4000
20 17000 -4000
21 17000 -4000
22 17000 -4000
23 17000 -4000
24 17000 -4000
25 17000 -4000
26 17000 -4000
27 17000 -4000
28 17000 -4000
29 17000 -4000
30 17000 -4000
31 17000 -4000
32 17000 -4000
33 17000 -4000
34 17000 -4000
35 25000 17000 -4000

TRMA 9%
VAN S/. 17,459.69

La propuesta está justificada

PROBLEMA 5

Máquina actual Máquina moderna

Año CAO Año Inversión

0 0 -550000
1 -220000 1
2 -220000 2
3 -220000 3
4 -220000 4
5 -220000 5
6 -220000 6
7 -220000 7
8 -220000 8
9 -220000 9
10 -220000 10

i= 25% i= 25%
VAN S/. -785,510.72 VAN S/. -777,050.33
Si conviene reemplazar la máquina.

PROBLEMA 6

Primera propuesta

Año Inversión Costos anuales Ingresos anuales Flujo neto

0 -12000000 -12000000
1 -190000 230000 40000
2 -210000 230000 20000
3 -230000 230000 0
4 -250000 230000 -20000
5 -270000 230000 -40000
6 -290000 230000 -60000
7 -310000 230000 -80000
8 -5000000 -330000 230000 -5100000
9 -350000 260000 -90000
10 -370000 290000 -80000
11 -370000 320000 -50000
12 -370000 350000 -20000
13 -370000 350000 -20000

i= 20%
VA1 -100000 S/. -13,458.80
VA2 S/. -13,244,107.80
 VAN S/. -13,257,566.60

Segunda propuesta

Año Inversión Costos anuales Ingresos anuales Flujo neto

0 -20000000 -20000000
1 -400000 400000 0
2 -400000 470000 70000
3 -400000 540000 140000
4 -400000 610000 210000
5 -400000 680000 280000
6 -400000 750000 350000
7 -400000 820000 420000
8 -400000 890000 490000
9 -400000 960000 560000
10 -400000 1030000 630000
11 -400000 1030000 630000
12 -400000 1030000 630000
13 -400000 1030000 630000

i= 20%
VA1 3150000 S/. 610,491.10
VA2 S/. -19,199,652.83

VAN S/. -18,589,161.72

Conviene la primera propuesta

PROBLEMA 7

Máquina manual

Costos anuales de Flujo neto

Año Inversión Valor de salvamentooperación
0 -200000 -200000
1 -9000 -9000
2 -9000 -9000
3 -9000 -9000
4 -9000 -9000
5 -8600 -8600
6 -8200 -8200
7 -7800 -7800
8 -7400 -7400
 9 -7000 -7000
10 -6600 -6600
11 -6200 -6200
12 10000 -5800 4200

i= 20%
VAN S/. -236,184.73

Máquina automatizada

Costos anuales de Flujo neto

Año Inversión Valor de salvamentooperación
0 -58000 -58000
1 -30000 -30000
2 -30000 -30000
3 -30000 -30000
4 -30000 -30000
5 -30000 -30000
6 -58000 15000 -30000 -73000
7 -30000 -30000
8 -30000 -30000
9 -30000 -30000
10 -30000 -30000
11 -30000 -30000
12 15000 -30000 -15000

i= 20%
VAN S/. -203,894.76

Conviene la máquina automatizada

PROBLEMA 8 i= 10%
A)
Periodo A B C D
0 -2000 -2000 -2000 -2000
1 0 500 1000 800
2 0 800 800 800
3 2500 1000 500 800

VAN S/. -121.71 S/. -132.98 S/. -54.09 S/. -10.52

B)
PROYECTO A
i VAN A
0% S/. 500.00
5% S/. 159.59
10% S/. -121.71
15% S/. -356.21
20% S/. -553.24
25% S/. -720.00
30% S/. -862.08
35% S/. -983.89
40% S/. -1,088.92

PROYECTO B

i VAN B
0% S/. 300.00
5% S/. 65.65
10% S/. -132.98
15% S/. -302.79
20% S/. -449.07
25% S/. -576.00
30% S/. -686.85
35% S/. -784.23
40% S/. -870.26

PROYECTO C

i VAN C
0% S/. 300.00
5% S/. 109.92
10% S/. -54.09
15% S/. -196.76
20% S/. -321.76
25% S/. -432.00
30% S/. -529.81
35% S/. -617.08
40% S/. -695.34

PROYECTO D

i VAN D
0% S/. 400.00
5% S/. 178.60
 10% S/. -10.52
15% S/. -173.42
20% S/. -314.81
25% S/. -438.40
30% S/. -547.11
35% S/. -643.30
40% S/. -728.86

PROBLEMA 9
i= 10%
AÑOS Método A Método B Método C
0 -40000 -80000 -130000
1 -9000 -6000 -4000
2 -49000 -6000 -4000
3 -9000 -6000 -4000
4 -49000 -86000 -4000
5 -9000 -6000 -4000
6 -49000 -6000 -4000
7 -9000 -6000 -4000
8 -9000 -6000 8000
VAN S/. -170,971.68 S/. -166,650.63 S/. -145,741.62

PROBLEMA 10
i= 15%
Máquina A

Año Costo inicial Ingresos anuales Costos de operació Valor de venta

0 -10000
1 3000 -800 0
2 3600 -800 0
3 4320 -800 0
4 5184 -800 6000
VA S/. -10,000.00 S/. 11,135.25 S/. -2,283.98 S/. 3,430.52
VAN S/. 2,281.79

Máquina B

Año Costo inicial Ingresos anuales Costos de operació Valor de venta

 0 -13000
1 4000 -1500 0
2 5000 -1500 0
3 6000 -1500 0
4 7000 -1500 8000
VA S/. -13,000.00 S/. 15,206.35 S/. -4,282.47 S/. 4,574.03
VAN S/. 2,497.91

Le conviene adquirir la máquina B

 0.03 mensual
S/. 91,607.59

Valor de salvamento Flujo neto

0
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
-8607.59
400000 391392.41
Valor de salvamento Préstamo Flujo neto
2000000 -1000000
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
 0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 56703.8659
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
0 147175.949
300000 447175.949
Impuestos anuales Flujo neto

-100000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 11000
-2000 36000
Venta máquina actual CAO Flujo neto
130000 -420000
-100000 -100000
-100000 -100000
-100000 -100000
-100000 -100000
-100000 -100000
-100000 -100000
-100000 -100000
-100000 -100000
-100000 -100000
-100000 -100000
 VAN A
S/.600.00
S/.400.00
S/.200.00
S/.0.00
0% 5% 10% 15% 20% 25% 30% 35% 40% 45% VAN A
(S/.200.00)
(S/.400.00)
 VAN A
S/.600.00
S/.400.00
S/.200.00
S/.0.00
0% 5% 10% 15% 20% 25% 30% 35% 40% 45% VAN A
(S/.200.00)
(S/.400.00)
(S/.600.00)
(S/.800.00)
(S/.1,000.00)
(S/.1,200.00)

VAN B
S/.400.00

S/.200.00

S/.0.00
0% 5% 10% 15% 20% 25% 30% 35% 40% 45% VAN B
(S/.200.00)

(S/.400.00)

(S/.600.00)

(S/.800.00)

(S/.1,000.00)

VAN C
S/.400.00

S/.200.00

S/.0.00
0% 5% 10% 15% 20% 25% 30% 35% 40% 45% VAN C
(S/.200.00)

(S/.400.00)

(S/.600.00)

(S/.800.00)

VAN D
S/.600.00

S/.400.00

S/.200.00
 VAN D
S/.600.00

S/.400.00

S/.200.00
VAN D
S/.0.00
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
(S/.200.00)

(S/.400.00)

(S/.600.00)

(S/.800.00)