Payback

Anos

Investimento/FCFE
0
(700,000.00)
1
70,000.00
2
295,000.00
3
122,500.00
4
448,214.29
5
448,214.29
6
448,214.29
7
448,214.29
8
423,214.29
9
423,214.29
10
423,214.29

Somatorio
(700,000.00)
(630,000.00)
(335,000.00)
(212,500.00)
235,714.29
683,928.57
1,132,142.86
1,580,357.14
2,003,571.43
2,426,785.71
2,850,000.00

Payback
Simples
3.47 anos

Custo de
Oportunidade

Anos

Taxa K = 20%
Fator de
Investimento/FCFE
Atualizao
Atualizado
(700,000.00)
(700,000.00)
70,000.00
1.20
58,333.33
295,000.00
1.44
204,861.11
122,500.00
1.73
70,891.20
448,214.29
2.07
216,152.72
448,214.29
2.49
180,127.27
448,214.29
2.99
150,106.06
448,214.29
3.58
125,088.38
423,214.29
4.30
98,426.12
423,214.29
5.16
82,021.76
423,214.29
6.19
68,351.47

Investimento/FCFE
0
1
2
3
4
5
6
7
8
9
10

Somatorio
(700,000.00)
(641,666.67)
(436,805.56)
(365,914.35)
(149,761.63)
30,365.64
180,471.70
305,560.08
403,986.19
486,007.96
554,359.43

4.83

Payback
Simples

Payback
Descontado

anos

Resultado Contabil e Fluxo de Caixa do Restaurante

Refeies dia
0
Receitas
Desp.Operacionais
Custo Fixo
Custo Varivel
Depreciao
EBIT
Juros
Lucro antes dos Impostos
Imposto de Renda
Lucro Lquido
Depreciao
Desembolso de Capital
(700,000.00)
Var.do Capital de Giro
FCFE
(700,000.00)
Fator de desconto
Valor Presente dos Fluxos

K=
20.00
Preo Justo do Restaurante
$1,254,359.43

200
400
500
500
500
500
500
500
500
500
1
2
3
4
5
6
7
8
9
10
600,000.00 1,200,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00
(200,000.00)
(300,000.00)
(100,000.00)
0.00
0.00
0.00
0.00
0.00
100,000.00
0.00
(30,000.00)
70,000.00
1.2000
58333.33

(200,000.00)
(600,000.00)
(100,000.00)
300,000.00
0.00
300,000.00
(75,000.00)
225,000.00
100,000.00
0.00
(30,000.00)
295,000.00
1.4400
204861.11

(200,000.00)
(750,000.00)
(100,000.00)
450,000.00
0.00
450,000.00
(112,500.00)
337,500.00
100,000.00
(300,000.00)
(15,000.00)
122,500.00
1.7280
70891.20

(200,000.00)
(750,000.00)
(142,857.14)
407,142.86
0.00
407,142.86
(101,785.71)
305,357.14
142,857.14
0.00
0.00
448,214.29
2.0736
216152.72

(200,000.00)
(750,000.00)
(142,857.14)
407,142.86
0.00
407,142.86
(101,785.71)
305,357.14
142,857.14
0.00
0.00
448,214.29
2.4883
180127.27

(200,000.00)
(750,000.00)
(142,857.14)
407,142.86
0.00
407,142.86
(101,785.71)
305,357.14
142,857.14
0.00
0.00
448,214.29
2.9860
150106.06

(200,000.00)
(750,000.00)
(142,857.14)
407,142.86
0.00
407,142.86
(101,785.71)
305,357.14
142,857.14
0.00
0.00
448,214.29
3.5832
125088.38

(200,000.00)
(750,000.00)
(42,857.14)
507,142.86
0.00
507,142.86
(126,785.71)
380,357.14
42,857.14
0.00
0.00
423,214.29
4.2998
98426.12

(200,000.00)
(750,000.00)
(42,857.14)
507,142.86
0.00
507,142.86
(126,785.71)
380,357.14
42,857.14
0.00
0.00
423,214.29
5.1598
82021.76

(200,000.00)
(750,000.00)
(42,857.14)
507,142.86
0.00
507,142.86
(126,785.71)
380,357.14
42,857.14
0.00
0.00
423,214.29
6.1917
68351.47

TIR - Taxa Interna de Retorno

Anos
0
1
2
3
4
5
6
7
8
9
10

Investimento/
FCFE
(700,000.00)
70,000.00
295,000.00
122,500.00
448,214.29
448,214.29
448,214.29
448,214.29
423,214.29
423,214.29
423,214.29

TIR =

35.66%

448.214,29
295.000
70.000

122.500

TIR =35,66%
700.000

Po =

FC1 +
FC2 + ...... + FCn
(1+TIR)1
(1+TIR)2
(1+TIR)n

423.214,29

R =35,66%

.. +

FCn

Valor e VPL
Anos
0
1
2
3
4
5
6
7
8
9
10

Investimento/FCFE
(700,000.00)
70,000.00
295,000.00
122,500.00
448,214.29
448,214.29
448,214.29
448,214.29
423,214.29
423,214.29
423,214.29

K=

20%

Po =

$1,254,359.43

VPL =

$554,359.43

Fator (1+k)n
1.20
1.44
1.73
2.07
2.49
2.99
3.58
4.30
5.16
6.19

PV
58,333.33
204,861.11
70,891.20
216,152.72
180,127.27
150,106.06
125,088.38
98,426.12
82,021.76
68,351.47

295.000
70.000

122.500

Po = ?

Po =

FC1 +
(1+K)1

(1+K)2

1 +
K)1

423.214,29
448.214,29
122.500

FC2 + ...... + FCn

(1+K)2
(1+ K)n