A B Total

Receita Bruta 40,000,000 60,000,000 100,000,000

% receita bruta 20% 20% 20%
Tributos s/ receita 8,000,000 12,000,000 20,000,000
Receia Líquida 32,000,000 48,000,000 80,000,000
Material (18,000,000) (28,000,000) (46,000,000)
Pessoal direto (2,000,000) (1,000,000) (3,000,000)
Manutenção (1,000,000) (2,500,000) (3,500,000)
Depreciação (2,000,000) (10,000,000) (12,000,000)
Margem Direta 9,000,000 6,500,000 15,500,000
Pessoal indireto (3,680,000) (5,520,000) (9,200,000)
Aluguel da edifícação (1,600,000) (2,400,000) (4,000,000)
Serviços públicos (200,000) (300,000) (500,000)
Material indireto (120,000) (180,000) (300,000)
Vigilância e limpeza (80,000) (120,000) (200,000)
Gastos Indiretos (5,680,000) (8,520,000) (14,200,000)
Lucro 3,320,000 (2,020,000) 1,300,000
Depreciação 2,000,000 10,000,000 12,000,000
Investimentos (1,600,000) (8,000,000) (9,600,000)
Fluxo de Caixa Livre 3,720,000 (20,000) 3,700,000
30 30 30
Contas a receber 3,333,333 5,000,000 8,333,333
Estoque 1,250,000 1,166,667 2,416,667
Contas a pagar (1,400,000) (2,177,778) (3,577,778)
Capital de Giro Líquido 3,183,333 3,988,889 7,172,222
Máquinas 20,000,000 100,000,000 120,000,000
Ativo Permanente 20,000,000 100,000,000 120,000,000
Ativo líquido total 23,183,333 103,988,889 127,172,222
taxa contábil retorno 14% -2% 1%
taxa interna retorno 16% 0% 3%
 A B Projeto C Total
Receita Bruta 40,000,000 60,000,000 80,000,000 180,000,000
% receita bruta 20% 20% 20% 20%
Tributos s/ receita 8,000,000 12,000,000 16,000,000 36,000,000
Receia Líquida 32,000,000 48,000,000 64,000,000 144,000,000
Material (18,000,000) (28,000,000) (50,000,000) 96,000,000
Pessoal direto (2,000,000) (1,000,000) (3,000,000) 6,000,000
Manutenção (1,000,000) (2,500,000) (1,500,000) 5,000,000
Depreciação (2,000,000) (10,000,000) (3,200,000) 15,200,000
Margem Direta 9,000,000 6,500,000 6,300,000 21,800,000
Pessoal indireto (3,680,000) (5,520,000) (800,000) 10,000,000
Aluguel da edifícação (1,600,000) (2,400,000) - 4,000,000
Serviços públicos (200,000) (300,000) (100,000) 600,000
Material indireto (120,000) (180,000) (50,000) 350,000
Vigilância e limpeza (80,000) (120,000) (50,000) 250,000
Gastos Indiretos (5,680,000) (8,520,000) (1,000,000) 15,200,000
Lucro 3,320,000 (2,020,000) 5,300,000 6,600,000
Depreciação 2,000,000 10,000,000 3,200,000 15,200,000
Investimentos (1,600,000) (8,000,000) (2,560,000) (12,160,000)
Fluxo de Caixa Livre 3,720,000 (20,000) 5,940,000 9,640,000
30 30 30 30
Contas a receber 3,333,333 5,000,000 6,666,667 15,000,000
Estoque 1,250,000 1,166,667 2,777,778 5,194,444
Contas a pagar (1,400,000) (2,177,778) (3,888,889) (7,466,667)
Capital de Giro Líquido 3,183,333 3,988,889 5,555,556 12,727,778
Máquinas 20,000,000 100,000,000 32,000,000 152,000,000
Ativo Permanente 20,000,000 100,000,000 32,000,000 152,000,000
Ativo líquido total 23,183,333 103,988,889 37,555,556 164,727,778
taxa contábil retorno 14% -2% 14% 4%
taxa interna retorno 16% 0% 16% 6%

Ano 0 1 2 3 4
Fluxo -37,555,556 5,940,000 5,940,000 5,940,000 5,940,000
Taxa 16%
VPL -8,786,797
 5 6 7 8 9
5,940,000 5,940,000 5,940,000 5,940,000 5,940,000