Preço de P1 R$ 300.

00
Preço de P2 R$ 250.00

Taxa de desconto 1.50%

VPL R$ 101,660.55
 Função
Linha de
Administração Serviços gerais Diretor
produção

Salário (R$) 3500 4000 2000 6000

80%
Valor unitário Quantidade Valor total Valor final
Linha de produção R$ 3,500.00 5 R$ 17,500.00 R$ 31,500.00
Administração R$ 4,000.00 2 R$ 8,000.00 R$ 14,400.00
Serviços gerais R$ 2,000.00 2 R$ 4,000.00 R$ 7,200.00
Diretor R$ 6,000.00 1 R$ 6,000.00 R$ 10,800.00
total R$ 63,900.00
 Produto P1 P2 Custo
A 2 2
B 1 3
Custo R$ 55.00 R$ 105.00

Valor unitário
A R$ 15.00
B R$ 25.00
1 2 3 4 5 6
P1 R$ 13,750.00 R$ 15,125.00 R$ 16,665.00 R$ 18,315.00 R$ 20,130.00 R$ 20,130.00
P2 R$ 15,750.00 R$ 17,325.00 R$ 19,110.00 R$ 21,000.00 R$ 23,100.00 R$ 23,100.00
Total R$ 29,500.00 R$ 32,450.00 R$ 35,775.00 R$ 39,315.00 R$ 43,230.00 R$ 43,230.00

Custos Fixos
Aluguel R$ 3,500.00
Água R$ 600.00
Energia R$ 900.00
Total R$ 5,000.00
 7 8 9 10 11 12 13 14
R$ 20,130.00 R$ 20,130.00 R$ 20,130.00 R$ 20,130.00 R$ 20,130.00 R$ 20,130.00 R$ 20,130.00 R$ 20,130.00
R$ 23,100.00 R$ 23,100.00 R$ 23,100.00 R$ 23,100.00 R$ 23,100.00 R$ 23,100.00 R$ 23,100.00 R$ 23,100.00
R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00
 15 16 17 18 19 20 21 22
R$ 20,130.00 R$ 20,130.00 R$ 20,130.00 R$ 20,130.00 R$ 20,130.00 R$ 20,130.00 R$ 20,130.00 R$ 20,130.00
R$ 23,100.00 R$ 23,100.00 R$ 23,100.00 R$ 23,100.00 R$ 23,100.00 R$ 23,100.00 R$ 23,100.00 R$ 23,100.00
R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00
 23 24
R$ 20,130.00 R$ 20,130.00
R$ 23,100.00 R$ 23,100.00
R$ 43,230.00 R$ 43,230.00
Investimento R$ 300,000.00

Taxa de depreciação R$ 2,500.00

10
12
Produto Preço de Venda
P1 R$ 300.00
P2 R$ 250.00

Mês 1 2 3 4 5
Crescimento 10% 10% 10% 10%
Demanda
Produto
P1 250 275 303 333 366
P2 150 165 182 200 220

Receita
P1 R$ 75,000.00 R$ 82,500.00 R$ 90,900.00 R$ 99,900.00 ###
P2 R$ 37,500.00 R$ 41,250.00 R$ 45,500.00 R$ 50,000.00 R$ 55,000.00
 6 7 8 9 10 11 12 13
0 0 0 0 0 0 0 0

366 366 366 366 366 366 366 366

220 220 220 220 220 220 220 220

### ### ### ### ### ### ### ###

R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00
 14 15 16 17 18 19 20 21
0 0 0 0 0 0 0 0

366 366 366 366 366 366 366 366

220 220 220 220 220 220 220 220

### ### ### ### ### ### ### ###

R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00
 400
22 23 24
0 0 0 350

300
366 366 366
220 220 220
250

200
### ### ###
R$ 55,000.00 R$ 55,000.00 R$ 55,000.00
150

100
0 5 10 15 20 25
25 30
Receita 12%
IR 34%
Mês 1 2 3 4 5

Receita Bruta
P1 R$ 75,000.00 R$ 82,500.00 R$ 90,900.00 R$ 99,900.00 R$ 109,800.00
P2 R$ 37,500.00 R$ 41,250.00 R$ 45,500.00 R$ 50,000.00 R$ 55,000.00
Total R$ 112,500.00 R$ 123,750.00 R$ 136,400.00 R$ 149,900.00 R$ 164,800.00
(-) Tributos R$ 13,500.00 R$ 14,850.00 R$ 16,368.00 R$ 17,988.00 R$ 19,776.00
(=) Receita Líquida R$ 99,000.00 R$ 108,900.00 R$ 120,032.00 R$ 131,912.00 R$ 145,024.00

Cutos fixos R$ 5,000.00 R$ 5,000.00 R$ 5,000.00 R$ 5,000.00 R$ 5,000.00

Mão de Obra R$ 63,900.00 R$ 63,900.00 R$ 63,900.00 R$ 63,900.00 R$ 63,900.00
Matéria Prima R$ 29,500.00 R$ 32,450.00 R$ 35,775.00 R$ 39,315.00 R$ 43,230.00
Total R$ 98,400.00 R$ 101,350.00 R$ 104,675.00 R$ 108,215.00 R$ 112,130.00
Depreciação R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00

Resultado antes do IR -R$ 1,900.00 R$ 5,050.00 R$ 12,857.00 R$ 21,197.00 R$ 30,394.00

IR R$ 0.00 R$ 1,717.00 R$ 4,371.38 R$ 7,206.98 R$ 10,333.96
Resultado do Exercício -R$ 1,900.00 R$ 3,333.00 R$ 8,485.62 R$ 13,990.02 R$ 20,060.04

Mês 1 2 3 4 5
Resultado -R$ 1,900.00 R$ 3,333.00 R$ 8,485.62 R$ 13,990.02 R$ 20,060.04
(+) Depreciação R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00
(-) Investimento R$ 300,000.00

Fluxo de Caixa -R$ 299,400.00 R$ 5,833.00 R$ 10,985.62 R$ 16,490.02 R$ 22,560.04

Taxa de Desconto 1.50%

Valor Presente -R$ 294,975.37 R$ 5,661.87 R$ 10,505.74 R$ 15,536.64 R$ 20,941.59

VPL R$ 101,660.55

Fluxo acumulado -R$ 299,400.00 -R$ 293,738.13 -R$ 283,232.39 -R$ 267,695.76 -R$ 246,754.17
 6 7 8 9 10 11 12
Receita

R$ 109,800.00 R$ 109,800.00 R$ 109,800.00 R$ 109,800.00 R$ 109,800.00 R$ 109,800.00 R$ 109,800.00

R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00
R$ 164,800.00 R$ 164,800.00 R$ 164,800.00 R$ 164,800.00 R$ 164,800.00 R$ 164,800.00 R$ 164,800.00
R$ 19,776.00 R$ 19,776.00 R$ 19,776.00 R$ 19,776.00 R$ 19,776.00 R$ 19,776.00 R$ 19,776.00
R$ 145,024.00 R$ 145,024.00 R$ 145,024.00 R$ 145,024.00 R$ 145,024.00 R$ 145,024.00 R$ 145,024.00

Custos e Despesas
R$ 5,000.00 R$ 5,000.00 R$ 5,000.00 R$ 5,000.00 R$ 5,000.00 R$ 5,000.00 R$ 5,000.00
R$ 63,900.00 R$ 63,900.00 R$ 63,900.00 R$ 63,900.00 R$ 63,900.00 R$ 63,900.00 R$ 63,900.00
R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00
R$ 112,130.00 R$ 112,130.00 R$ 112,130.00 R$ 112,130.00 R$ 112,130.00 R$ 112,130.00 R$ 112,130.00
R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00

R$ 30,394.00 R$ 30,394.00 R$ 30,394.00 R$ 30,394.00 R$ 30,394.00 R$ 30,394.00 R$ 30,394.00

R$ 10,333.96 R$ 10,333.96 R$ 10,333.96 R$ 10,333.96 R$ 10,333.96 R$ 10,333.96 R$ 10,333.96
R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04

Fluxo de Caixa Livre

6 7 8 9 10 11 12
R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04
R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00

R$ 22,560.04 R$ 22,560.04 R$ 22,560.04 R$ 22,560.04 R$ 22,560.04 R$ 22,560.04 R$ 22,560.04

R$ 20,632.11 R$ 20,327.20 R$ 20,026.80 R$ 19,730.84 R$ 19,439.25 R$ 19,151.97 R$ 18,868.93

-R$ 226,122.06 -R$ 205,794.86 -R$ 185,768.06 -R$ 166,037.22 -R$ 146,597.98 -R$ 127,446.01 -R$ 108,577.08
 13 14 15 16 17 18 19

R$ 109,800.00 R$ 109,800.00 R$ 109,800.00 R$ 109,800.00 R$ 109,800.00 R$ 109,800.00 R$ 109,800.00

R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00
R$ 164,800.00 R$ 164,800.00 R$ 164,800.00 R$ 164,800.00 R$ 164,800.00 R$ 164,800.00 R$ 164,800.00
R$ 19,776.00 R$ 19,776.00 R$ 19,776.00 R$ 19,776.00 R$ 19,776.00 R$ 19,776.00 R$ 19,776.00
R$ 145,024.00 R$ 145,024.00 R$ 145,024.00 R$ 145,024.00 R$ 145,024.00 R$ 145,024.00 R$ 145,024.00

R$ 5,000.00 R$ 5,000.00 R$ 5,000.00 R$ 5,000.00 R$ 5,000.00 R$ 5,000.00 R$ 5,000.00

R$ 63,900.00 R$ 63,900.00 R$ 63,900.00 R$ 63,900.00 R$ 63,900.00 R$ 63,900.00 R$ 63,900.00
R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00
R$ 112,130.00 R$ 112,130.00 R$ 112,130.00 R$ 112,130.00 R$ 112,130.00 R$ 112,130.00 R$ 112,130.00
R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00

R$ 30,394.00 R$ 30,394.00 R$ 30,394.00 R$ 30,394.00 R$ 30,394.00 R$ 30,394.00 R$ 30,394.00

R$ 10,333.96 R$ 10,333.96 R$ 10,333.96 R$ 10,333.96 R$ 10,333.96 R$ 10,333.96 R$ 10,333.96
R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04

13 14 15 16 17 18 19
R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04
R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00

R$ 22,560.04 R$ 22,560.04 R$ 22,560.04 R$ 22,560.04 R$ 22,560.04 R$ 22,560.04 R$ 22,560.04

R$ 18,590.08 R$ 18,315.35 R$ 18,044.68 R$ 17,778.01 R$ 17,515.28 R$ 17,256.44 R$ 17,001.41

-R$ 89,986.99 -R$ 71,671.64 -R$ 53,626.96 -R$ 35,848.95 -R$ 18,333.67 -R$ 1,077.23 R$ 15,924.19
 20 21 22 23 24

R$ 109,800.00 R$ 109,800.00 R$ 109,800.00 R$ 109,800.00 R$ 109,800.00

R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00 R$ 55,000.00
R$ 164,800.00 R$ 164,800.00 R$ 164,800.00 R$ 164,800.00 R$ 164,800.00
R$ 19,776.00 R$ 19,776.00 R$ 19,776.00 R$ 19,776.00 R$ 19,776.00
R$ 145,024.00 R$ 145,024.00 R$ 145,024.00 R$ 145,024.00 R$ 145,024.00

R$ 5,000.00 R$ 5,000.00 R$ 5,000.00 R$ 5,000.00 R$ 5,000.00

R$ 63,900.00 R$ 63,900.00 R$ 63,900.00 R$ 63,900.00 R$ 63,900.00
R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00 R$ 43,230.00
R$ 112,130.00 R$ 112,130.00 R$ 112,130.00 R$ 112,130.00 R$ 112,130.00
R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00

R$ 30,394.00 R$ 30,394.00 R$ 30,394.00 R$ 30,394.00 R$ 30,394.00

R$ 10,333.96 R$ 10,333.96 R$ 10,333.96 R$ 10,333.96 R$ 10,333.96
R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04

20 21 22 23 24
R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04 R$ 20,060.04
R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00 R$ 2,500.00

R$ 22,560.04 R$ 22,560.04 R$ 22,560.04 R$ 22,560.04 R$ 22,560.04

R$ 16,750.16 R$ 16,502.62 R$ 16,258.74 R$ 16,018.46 R$ 15,781.74

R$ 32,674.35 R$ 49,176.97 R$ 65,435.71 R$ 81,454.18 R$ 97,235.92