Ano A B C D E

0 -80 -100 -150 175 -300

1 40 50 80 90 200
2 30 30 80 80 200
3 20 10 10 50
4 10 5 20
Ano Fluxo de Caixa Acumulado
0 -R$ 400,000.00 -R$ 400,000.00
1 R$ 60,000.00 -R$ 340,000.00
2 R$ 60,000.00 -R$ 280,000.00
3 R$ 60,000.00 -R$ 220,000.00
4 R$ 60,000.00 -R$ 160,000.00
5 R$ 60,000.00 -R$ 100,000.00
6 R$ 60,000.00 -R$ 40,000.00
7 R$ 60,000.00 R$ 20,000.00
8 R$ 60,000.00 R$ 80,000.00
9 R$ 60,000.00 R$ 140,000.00
10 R$ 60,000.00 R$ 200,000.00
Ano Fluxo de Caixa Retorno Real Retorno Acumulado i = 5%
1 R$ 2,000,000.00 R$ 1,904,761.90 R$ 1,904,761.90
2 R$ 7,000,000.00 R$ 6,349,206.35 R$ 8,253,968.25
3 R$ 4,000,000.00 R$ 3,455,350.39 R$ 11,709,318.65

Ano Fluxo de Caixa Retorno Real Retorno Acumulado

1 R$ 2,000,000.00 R$ 1,904,761.90 R$ 1,904,761.90
2 R$ 7,000,000.00 R$ 6,349,206.35 R$ 8,253,968.25
3 R$ 4,000,000.00 R$ 3,455,350.39 R$ 11,709,318.65
Ano Fluxo de Caixa Valor PresenteValor Acumulado Período Valor
0 -R$ 50,000.00 -R$ 50,000.00 -R$ 50,000.00 0 -10,000.00
1 R$ 12,000.00 R$ 10,714.29 -R$ 39,285.71 1 1,000.00
2 R$ 12,000.00 R$ 9,566.33 -R$ 29,719.39 2 2,500.00
3 R$ 12,000.00 R$ 8,541.36 -R$ 21,178.02 3 2,500.00
4 R$ 12,000.00 R$ 7,626.22 -R$ 13,551.81 4 2,500.00
5 R$ 12,000.00 R$ 6,809.12 -R$ 6,742.69 5 3,500.00
6 4,500.00
i = 12%
12% Período Valor
0 -10,000.00
1 1,000.00
2 2,500.00
3 2,500.00
4 2,500.00
5 3,500.00
6 4,500.00
Presente Acumulado Período Valor Presente Acumulado
-10,000.00 -10,000.00 0 -10,000.00 -R$ 10,000.00
892.86 -9,107.14 1 1,000.00 R$ 892.86
1,992.98 -7,114.16 2 2,500.00 R$ 1,992.98
1,779.45 -5,334.71 3 2,500.00 R$ 1,779.45
1,588.80 -3,745.91 4 2,500.00 R$ 1,588.80
1,985.99 -1,759.92 5 3,500.00 R$ 1,985.99
2,279.84 519.92 6 4,500.00 R$ 2,279.84

Presente Acumulado R$ 519.92

-R$ 10,000.00 -R$ 10,000.00
R$ 892.86 -R$ 9,107.14
R$ 1,992.98 -R$ 7,114.16
R$ 1,779.45 -R$ 5,334.71
R$ 1,588.80 -R$ 3,745.91
R$ 1,985.99 -R$ 1,759.92
R$ 2,279.84 R$ 519.92
Ano Fluxo de Caixa Ano Fluxo de Caixa 2%
0 -R$ 100,000.00 0 -R$ 25,000.00
1 R$ 35,000.00 1 R$ 8,000.00
2 R$ 35,000.00 2 R$ 8,000.00 R$ 30,461.83
3 R$ 35,000.00 3 R$ 8,000.00 R$ 55,461.83
4 R$ 35,000.00 4 R$ 8,000.00

TIR = 14.96%