Chapter 3. Materials and Methods
3.4 Combined Studies Image Analysis
3.4.2 Image Analysis
CAPÍTULO 8: EVALUACIÓN ECONÓMICA.
8.1 Parámetros de Evaluación. 8.1 Parámetros de Evaluación.
A
A continuación continuación se se cuantifican cuantifican los los parámetros parámetros económicos económicos que que serán serán utilizadosutilizados en la evaluación económica del proyecto:
en la evaluación económica del proyecto:
Tasa Tasa de de descuento descuento = = 5%.5%.
Valor Valor del del IVA IVA = = 19%.19%.
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PREPARACIÓN Y EVALUACIÓN DE PROYECTOS PREPARACIÓN Y EVALUACIÓN DE PROYECTOS PROYECTO EMPRESA FUMIG
PROYECTO EMPRESA FUMIGADORA: “PLAGARUN”ADORA: “PLAGARUN”
INGENIERÍA COMERCIAL INGENIERÍA COMERCIAL UNIVERSIDAD DEL BÍO-BÍO 2014 UNIVERSIDAD DEL BÍO-BÍO 2014
65 65
8.2 Estimación de los Flujos de Caja del Proyecto. 8.2 Estimación de los Flujos de Caja del Proyecto.
Tabla Estado de Resultado Proyectado Alternativa 1 y 2 Tabla Estado de Resultado Proyectado Alternativa 1 y 2
AÑO
AÑO 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 2021 2021 2022 2022 2023 2023 20242024 Ingreso
Ingreso por por venta venta 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.00056.160.000 56.160.000 Costo
Costo variable variable -20.500.000 -20.500.000 -20.500.000 -20.500.000 -18.660.000 -18.660.000 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300-17.895.300 Costo
Costo fijo fijo -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000-1.350.000 Gasto Adm. Gasto Adm. Ventas Ventas -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000-875.000 UAI UAI 33.435.000 33.435.000 33.435.000 33.435.000 35.275.000 35.275.000 36.039.700 36.039.700 36.039.700 36.039.700 36.039.700 36.039.700 36.039.700 36.039.700 36.039.700 36.039.700 36.039.700 36.039.700 36.039.70036.039.700 Impuesto Impuesto 19% 19% -6352650 -6352650 -6352650 -6352650 -6702250 -6702250 -684754-6847543 3 -6847543 -6847543 -6847543 -6847543 -6847543 -6847543 -- 6847543 6847543 -6847543 -6847543 -6847543-6847543 FCproyectado FCproyectado 27.082.350 27.082.350 27.082.350 27.082.350 28.572.750 28.572.750 29.192.157 29.192.157 29.192.157 29.192.157 29.192.157 29.192.157 29.192.157 29.192.157 29.1929.192.157 2.157 29.192.157 29.192.157 29.192.15729.192.157 AÑO AÑO 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 2021 2021 2022 2022 2023 2023 20242024 Ingreso
Ingreso por por venta venta 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.00056.160.000 56.160.000 Costo
Costo variable variable -20.500.000 -20.500.000 -20.500.000 -20.500.000 -18.660.000 -18.660.000 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300-17.895.300 Costo
Costo fijo fijo -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000-1.350.000 Gasto Adm. Gasto Adm. Ventas Ventas -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000-875.000 Depreciación Depreciación -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000-4.000.000 UAI UAI 29.435.000 29.435.000 29.435.000 29.435.000 31.275.000 31.275.000 32.039.700 32.039.700 32.039.700 32.039.700 32.039.700 32.039.700 32.039.700 32.039.700 32.039.700 32.039.700 32.039.700 32.039.700 32.039.70032.039.700 Impuesto Impuesto 19% 19% -5592650 -5592650 -5592650 -5592650 -5942250 -5942250 -608754-6087543 3 -6087543 -6087543 -6087543 -6087543 -6087543 -6087543 -- 6087543 6087543 -6087543 -6087543 -6087543-6087543 FCproyectado FCproyectado 23.842.350 23.842.350 23.842.350 23.842.350 25.332.750 25.332.750 25.952.157 25.952.157 25.952.157 25.952.157 25.952.157 25.952.157 25.952.157 25.952.157 25.9525.952.157 2.157 25.952.157 25.952.157 25.952.15725.952.157
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PREPARACIÓN Y EVALUACIÓN DE PROYECTOS PREPARACIÓN Y EVALUACIÓN DE PROYECTOS PROYECTO EMPRESA FUMIG
PROYECTO EMPRESA FUMIGADORA: “PLAGARUN”ADORA: “PLAGARUN”
INGENIERÍA COMERCIAL INGENIERÍA COMERCIAL UNIVERSIDAD DEL BÍO-BÍO 2014 UNIVERSIDAD DEL BÍO-BÍO 2014
66 66
8.2.2 Cuadro de Evaluación Económica Alternativa 1 y 2 8.2.2 Cuadro de Evaluación Económica Alternativa 1 y 2
AÑO
AÑO 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 2021 2021 22022 022 2023 2023 20242024 Ingreso
Ingreso por por venta venta 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.00056.160.000 56.160.000 Costo
Costo variable variable -20.500.000 -20.500.000 -20.500.000 -20.500.000 -18.660.000 -18.660.000 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.-17.895.300 -17.895.300 -17.895.300 300 -17.895.300-17.895.300 Costo
Costo fijo fijo -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000-1.350.000 Gasto Adm. Gasto Adm. Ventas Ventas -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000-875.000 UAI UAI 33.435.000 33.435.000 33.435.000 33.435.000 35.275.000 36.039.700 35.275.000 36.039.700 36.039.700 36.039.700 36.039.700 36.039.700 36.039.700 36.039.700 36.039.700 36.039.700 36.039.700 36.039.700 36.039.70036.039.700 Renta Renta 17% 17% -5683950 -5683950 -5683950 -5683950 -5996750 -5996750 -6126749 -6126749 -6126749 -6126749 -6126749 -6126749 -6126749 -6126749 -6126749 -6126749 -6126749 -6126749 -6126749-6126749 FCN FCN 27.751.050 27.751.050 27.751.050 27.751.050 29.278.250 29.278.250 29.912.951 29.912.951 29.912.951 29.912.951 29.912.951 29.912.951 29.912.951 29.912.951 29.912.951 29.912.951 29.912.951 29.912.951 29.912.95129.912.951 AÑO AÑO 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 2021 2021 22022 022 2023 2023 20242024 Ingreso
Ingreso por por venta venta 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.000 56.160.00056.160.000 56.160.000 Costo
Costo variable variable -20.500.000 -20.500.000 -20.500.000 -20.500.000 -18.660.000 -18.660.000 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.300 -17.895.-17.895.300 -17.895.300 -17.895.300 300 -17.895.300-17.895.300 Costo
Costo fijo fijo -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000 -1.350.000-1.350.000 Gasto Adm. Gasto Adm. Ventas Ventas -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000 -875.000-875.000 Depreciación Depreciación -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000 -4.000.000-4.000.000 UAI UAI 29.435.000 29.435.000 29.435.000 29.435.000 31.275.000 32.039.700 31.275.000 32.039.700 32.039.700 32.039.700 32.039.700 32.039.700 32.039.700 32.039.700 32.039.700 32.039.700 32.039.700 32.039.700 32.039.70032.039.700 Renta Renta 17% 17% -5003950 -5003950 -5003950 -5003950 -5316750 -5316750 -5446749 -5446749 -5446749 -5446749 -5446749 -5446749 -5446749 -5446749 -5446749 -5446749 -5446749 -5446749 -5446749-5446749 FCN FCN 24.431.050 24.431.050 24.431.050 24.431.050 25.958.250 25.958.250 26.592.951 26.592.951 26.592.951 26.592.951 26.592.951 26.592.951 26.592.951 26.592.951 26.592.951 26.592.951 26.592.951 26.592.951 26.592.95126.592.951
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PREPARACIÓN Y EVALUACIÓN DE PROYECTOS PREPARACIÓN Y EVALUACIÓN DE PROYECTOS PROYECTO EMPRESA FUMIG
PROYECTO EMPRESA FUMIGADORA: “PLAGARUN”ADORA: “PLAGARUN”
8.3 Estimación de los Índices de
8.3 Estimación de los Índices de Rentabilidad.Rentabilidad. 8.3.1 VAN. 8.3.1 VAN. Alternativa Alternativa 1.1. Van = Van = $ 190.446.676 $ 190.446.676 Alternativa Alternativa 2.2. Van = Van = $ 123.892.255 $ 123.892.255 8.3.2 TIR. 8.3.2 TIR. Alternativa Alternativa 1.1. TIR = TIR = 90% 90% Alternativa Alternativa 2.2. TIR TIR = 32% = 32% 8.4 Selección de Alternativas. 8.4 Selección de Alternativas. VAN TIR VAN TIR Alternativa 1 Alternativa 1 $ 190.446.676 $ 190.446.676 90%90% Alternativa 2 Alternativa 2 $ 123.892.255 $ 123.892.255 32%32%
De acuerdo a la tabla anterior, podemos apreciar claramente que la alternativa De acuerdo a la tabla anterior, podemos apreciar claramente que la alternativa
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PREPARACIÓN Y EVALUACIÓN DE PROYECTOS PREPARACIÓN Y EVALUACIÓN DE PROYECTOS PROYECTO EMPRESA FUMIG
PROYECTO EMPRESA FUMIGADORA: “PLAGARUN”ADORA: “PLAGARUN”