Dados: N Fluxo

Investim= 155,000,000.00 0 - 155,000,000.00

n= 50 anos 1 27,907,105.82
Taxa codesp= 15% 2 27,907,105.82
Quantidade= 7,295,975 3 27,907,105.82
pedagio= 4.5 4 27,907,105.82
TMA= 18% aa 5 27,907,105.82
6 27,907,105.82
7 27,907,105.82
Valor do Negócio= R$155,000,000.00 8 27,907,105.82
VPL= R$0.00 Viável 9 27,907,105.82
TIR= 18.00% Viável 10 27,907,105.82
Pay back simples= 5.55 anos 11 27,907,105.82
Pay back descontado= 12 27,907,105.82
13 27,907,105.82
14 27,907,105.82
15 27,907,105.82
16 27,907,105.82
17 27,907,105.82
18 27,907,105.82
19 27,907,105.82
20 27,907,105.82
21 27,907,105.82
22 27,907,105.82
23 27,907,105.82
24 27,907,105.82
25 27,907,105.82
26 27,907,105.82
27 27,907,105.82
28 27,907,105.82
29 27,907,105.82
30 27,907,105.82
31 27,907,105.82
32 27,907,105.82
33 27,907,105.82
34 27,907,105.82
35 27,907,105.82
36 27,907,105.82
37 27,907,105.82
38 27,907,105.82
39 27,907,105.82
40 27,907,105.82
41 27,907,105.82
42 27,907,105.82
43 27,907,105.82
44 27,907,105.82
45 27,907,105.82
46 27,907,105.82
47 27,907,105.82
48 27,907,105.82
49 27,907,105.82
50 27,907,105.82
cresc= 0%
Dados: N Fluxo
Investimento= 14,528,600.00 reais 0 - 14,528,600.00
Cha
Projeção cresc= 3.80% ao ano 1 974,000.00
Receitas ano 1= 2,379,000.00 reais 2 1,011,012.00 4,000,000.00

Despesas etc= 1,405,000.00 reais 3 1,049,430.46 2,000,000.00

TMA= 13.50% ao ano 4 1,089,308.81 -
0 1 2 3 4 5 6
N= 20 anos 5 1,130,702.55 (2,000,000.00)
6 1,173,669.25
(4,000,000.00)
7 1,218,268.68
(6,000,000.00)
Valor do Negócio= R$8,359,271.70 8 1,264,562.89
VPL= -R$6,169,328.30 9 1,312,616.28 (8,000,000.00)

TIR= 6.47% inviável 10 1,362,495.69 (10,000,000.00)

11 1,414,270.53 (12,000,000.00)
12 1,468,012.81 (14,000,000.00)
13 1,523,797.30
(16,000,000.00)
14 1,581,701.59
15 1,641,806.26
16 1,704,194.89
17 1,768,954.30
18 1,836,174.56
19 1,905,949.20
20 1,978,375.27
 Chart Title
0.00
0.00
-
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
0.00)
0.00)
0.00)
0.00)
0.00)
0.00)
0.00)
0.00)
Dados: N Fluxos
Investimento= MW
$ por MW= $/MW
Produção= MWh
Tarifa= $/MWh
Custos de O&M= $/MWh
Custos fixos= $
Consumo gas= m3
Preço do gas= $/m3
Valor residual= $
TMA= aa
n=

Receita=
Despesas=

TIR= aa
Valor do Negócio=
VPL=
Valor Anual=
Payback= anos
Dados: N Fluxos
Investimentos= 335,000.00
Receitas= 738,000.00 - -
Custos, Despesas e impostos= 648,500.00 - -
Valor residual= 164,500.00 - -
Horizonte de planejamento= 10 anos - -
TMA= 18% aa - -
- -
anos - -
Payback= -
Valor do Negócio= -
VPL= -
TIR=
-
Payback descontado é quase 7 anos e não 3,74 anos

Linha de Placas Eletrônicas

12.00
10.00
8.00
6.00
4.00
2.00
-
Dados: Reforma Aquisição
Reforma N Fluxos N Fluxos
Investimento= 10,000.00 0 - 10,000.00 0 - 30,000.00
Economia de despesas= 2,000.00 1 2,000.00 1 4,700.00
n= 10 anos 2 2,000.00 2 4,700.00
Aquisição 3 2,000.00 3 4,700.00
Investimento= 35,000.00 4 2,000.00 4 4,700.00
Valor revenda= 5,000.00 5 2,000.00 5 4,700.00
ganhos anuais= 4,700.00 6 2,000.00 6 4,700.00
Valor residual= 10,705.00 7 2,000.00 7 4,700.00
n= 10.00 anos 8 2,000.00 8 4,700.00
9 2,000.00 9 4,700.00
TMA= 8% aa 10 2,000.00 10 15,405.00

reforma Aquisição
5,000.00 5,000.00
Payback reforma= anos - -
Payback aquisição= anos (5,000.00)
0 2 4 6 8 10
(5,000.00) 0 2 4 6 8 10
(10,000.00) (10,000.00)
(15,000.00) (15,000.00)
VPL reforma=
(20,000.00) (20,000.00)
VPL aquisição= (25,000.00) (25,000.00)
(30,000.00) (30,000.00)
Valor anual reforma=
Valor anual aquisição=

TIR reforma= aa
TIR aquisição= aa

Análise Incremental
TIR aquisicao menos reforma= aa Gráficos VPL x taxa
Taxa VPLreforma
0% R$10,000.00
1% R$8,942.61
2% R$7,965.17
3% R$7,060.41
4% R$6,221.79
5% R$5,443.47
6% R$4,720.17
7% R$4,047.16
R$30,000.00 8% R$3,420.16
9% R$2,835.32
10% R$2,289.13
R$25,000.00
11% R$1,778.46
12% R$1,300.45
R$20,000.00 13% R$852.49
14% R$432.23

R$15,000.00

R$10,000.00
R$25,000.00

R$20,000.00

15% R$37.54
R$15,000.00
16% -R$333.55
17% -R$682.79
R$10,000.00 18% -R$1,011.83
19% -R$1,322.13
20% -R$1,615.06
R$5,000.00

R$0.00
0% 5% 10% 15% 20% 25%

-R$5,000.00

-R$10,000.00

-R$15,000.00
 Aquisição - Reforma
N Fluxos
0 - 20,000.00
1 2,700.00
2 2,700.00
3 2,700.00
4 2,700.00
5 2,700.00
6 2,700.00
7 2,700.00
8 2,700.00
9 2,700.00
10 13,405.00

Aquisição Aquisicao menos

reforma
5,000.00
0 2 4 6 8 10 -
(5,000.00) 0 1 2 3 4 5 6 7 8 910
(10,000.00)
(15,000.00)
(20,000.00)
(25,000.00)
(30,000.00)

VPL aquisição
R$27,705.00
R$24,206.23
R$20,999.98
R$18,057.48
R$15,353.12
R$12,864.10
R$10,570.03
R$8,452.71
R$6,495.87
R$4,684.90
R$3,006.71
R$1,449.53
R$2.77
-R$1,343.09
-R$2,596.65
-R$3,765.68
-R$4,857.18
-R$5,877.52
-R$6,832.45
-R$7,727.18
-R$8,566.46
Dados: Máquina X vida original Máquina Y vida original Máquina X vidas MMC
Máquina X N Fluxos N Fluxos N
Investimento= 6000 0 -6000 0 -14000 0
Despesas anuais= 4000 1 -4000 1 -2400 1
Vida de serviço= 12 2 -4000 2 -2400 2
VR= 0 3 -4000 3 -2400 3
4 -4000 4 -2400 4
Máquina Y 5 -4000 5 -2400 5
Investimento= 14000 6 -4000 6 -2400 6
Despesas anuais= 2400 7 -4000 7 -2400 7
Vida de serviço= 18 8 -4000 8 -2400 8
VR= 2800 9 -4000 9 -2400 9
10 -4000 10 -2400 10
TMA= 12% aa 11 -4000 11 -2400 11
12 -4000 12 -2400 12
Vidas originais 13 -2400 13
VPLmaq x= 14 -2400 14
VPLmaq y= 15 -2400 15
16 -2400 16
Valor anual x 17 -2400 17
Valor anual y 18 400 18
19
MMC (12,18)= 36 20
Vidas iguais (MMC) 21
VPLmaq x= 22
VPLmaq y= 23
24
Valor anual x 25
Valor anual y 26
*Valores anuais são iguais aos da vida original 27
28
29
30
31
32
33
34
35
36
áquina X vidas MMC Máquina Y vidas MMC
Fluxos N Fluxos
-6000 0 -14000
-4000 1 -2400
-4000 2 -2400
-4000 3 -2400
-4000 4 -2400
-4000 5 -2400
-4000 6 -2400
-4000 7 -2400
-4000 8 -2400
-4000 9 -2400
-4000 10 -2400
-4000 11 -2400
-10000 12 -2400
-4000 13 -2400
-4000 14 -2400
-4000 15 -2400
-4000 16 -2400
-4000 17 -2400
-4000 18 -13600
-4000 19 -2400
-4000 20 -2400
-4000 21 -2400
-4000 22 -2400
-4000 23 -2400
-10000 24 -2400
-4000 25 -2400
-4000 26 -2400
-4000 27 -2400
-4000 28 -2400
-4000 29 -2400
-4000 30 -2400
-4000 31 -2400
-4000 32 -2400
-4000 33 -2400
-4000 34 -2400
-4000 35 -2400
-4000 36 400
Dados:
Vida= 10 anos
TMA= 6% aa
Capital disponível= 75000
Alternativa Investimento Benefícios Anuais TIR VPL
A 10000 1628
B 20000 3116
C 50000 7450
80000

Pacotes Investimento Benefícios Anuais TIR VPL

A 10000 1628
B 20000 3116
C 50000 7450
A,B 30000 4744
A,C 60000 9078
B,C 70000 10566
A,B,C 80000 12194
Dados:
Investimento= 100000
Retorno anual= 25000
TMA= 20% aa

Para Vida= 10 anos

VPL=

Para Vida= 50 anos

VPL=

Para Vida= perpétua

VPL= VPL= A/i
1)
N Economia Investimento Custos Fluxo líquido
0 -350000 -350000
1 350000 -200000 150000
2 350000 -205000 145000
3 350000 -210000 140000
4 350000 -215000 135000
5 350000 -220000 130000

2)
Anos Valores Valores no presente
0 -43400 - 43,400.00
1 10000 9,433.96
2 9000 8,009.97
3 8000 6,716.95
4 7000 5,544.66
5 6000 4,483.55
6 5000 3,524.80
7 4000 2,660.23
8 3000 1,882.24
9 2000 1,183.80
10 11000 6,142.34

6,182.50

7)
X
N Investimento Receita Despesas IR VR
0 -250000
1 88000 -32000 -24000
2 88000 -32000 -24000
3 88000 -32000 -24000
4 88000 -32000 -24000
5 88000 -32000 -24000
6 88000 -32000 -24000
7 88000 -32000 -24000
8 88000 -32000 -24000
9 88000 -32000 -24000
10 88000 -32000 -24000
11 88000 -32000 -24000
12 88000 -32000 -24000
13 88000 -32000 -24000
14 88000 -32000 -24000
15 88000 -32000 -24000
16 88000 -32000 -24000
17 88000 -32000 -24000
18 88000 -32000 -24000
19 88000 -32000 -24000
 20 88000 -32000 -24000
21 88000 -32000 -24000
22 88000 -32000 -24000
23 88000 -32000 -24000
24 88000 -32000 -24000
25 88000 -32000 -24000 50000

TMA =
Valor do Negócio (X) =
VPL (X) =
TIR (X) =

8) Gráfico
TMA VPLX VPLY
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
TMA = 8%
Valor Negocio =
VPL =

TMA = 6%
VP =
VPL =

Y
Fluxo Líquido InvestimentoReceita Despesas IR VR Fluxo líquido
-250000 -350000 -350000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
32000 100000 -40000 -24000 36000
82000 100000 -40000 -24000 50000 86000

9% TMA = 9%
VP (Y) =
VPL (Y) =
TIR (Y) =
Análise Incremental
Y-X
-100000
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
 4000
4000
4000
4000
4000
4000

TIR (Y-X) =