AnexosProyecto de Inversin Plaza ComercialAnexo 1. Resultados de Estudio de Mercado -Empresario Es un lugar estratgico:142%228%319%44%57%

La esquina es un punto comercial estratgicoEscala Likert: 1 de acuerdo y 5 desacuerdo

Plaza06 Empresas11%Indiferentes 26 Empresas45%Strip Center "L"25 empresas44%

Proporcin por preferencia de formato

No interesadas15 empresas 26%Indiferentes 11 empresas19%Interesadas31 empresas55%Distribucin por inters en rentaAnexo 2. Gastos financieros anuales por formatoPlaza AbiertaPeriodoPlaza Cerrada18 localesSin construirCompletaGastos FinancierosPeriodoAo 1Ao 2Ao 3Ao 4Ao 5Ao 6Ao 7Ao 1$344,621$482,396$355,014$570,138Plaza Cerrada344,621.00306,396.00263,819.00216,395.00163,572.00104,736.0039,202.00Ao 2$306,396$428,708$315,513$506,767Plaza Abierta18 locales482,396.00428,708.00368,908.00302,301.00228,111.00145,475.0053,432.00Ao 3$263,819$368,908$271,515$436,182Sin construir355,014.00315,513.00271,515.00222,508.00167,922.00107,122.0039,401.00Ao 4$216,395$302,301$222,508$357,561Completa570,138.00506,767.00436,182.00357,561.00269,990.00172,450.0063,807.00Ao 5$163,572$228,111$167,922$269,990Pago Anual prestamoPeriodoAo 1Ao 2Ao 3Ao 4Ao 5Ao 6Ao 7Ao 6$104,736$145,475$107,122$172,450Plaza Cerrada335,778.94374,004.28416,581.22464,005.16516,827.88575,663.97650,138.41Ao 7$39,202$53,432$39,401$63,807Plaza Abierta18 locales471,604.19525,291.98585,091.64651,698.93725,888.86808,524.62898,098.87Sin construir346,986.11386,487.28430,485.30479,492.09534,077.85594,877.69661,593.89Completa556,662.37620,033.26690,618.33769,238.87856,809.64954,349.521,066,887.82Anexo 3. Pago fijo anual del prstamo para cada formatoPlaza AbiertaPago fijo anual del presamoPeriodoAo 1Ao 2Ao 3Ao 4Ao 5Ao 6Ao 7TotalPeriodoPlaza Cerrada18 localesSin construirCompletaPlaza Cerrada680,399.94680,400.28680,400.22680,400.16680,399.88680,399.97689,340.414,771,740.86Ao 1335,778.9385471,604.1860346,986.1070556,662.3690Plaza Abierta18 locales954,000.19953,999.98953,999.64953,999.93953,999.86953,999.62951,530.876,675,530.08Ao 2374,004.2792525,291.9810386,487.2810620,033.2550Sin construir702,000.11702,000.28702,000.30702,000.09701,999.85701,999.69700,994.894,912,995.21Ao 3416,581.2231585,091.6370430,485.3000690,618.3330Completa1,126,800.371,126,800.261,126,800.331,126,799.871,126,799.641,126,799.521,130,694.827,891,494.81Ao 4464,005.1600651,698.9330479,492.0880769,238.8710Ingresos anualesPeriodoAo 1Ao 2Ao 3Ao 4Ao 5Ao 6Ao 7TotalAo 5516,827.8755725,888.8570534,077.8470856,809.6350Plaza Cerrada1,533,349.202,043,954.482,724,591.333,631,880.244,841,296.366,453,448.048,602,446.2429,830,965.90Ao 6575,663.9709808,524.6200594,877.6930954,349.5230Plaza Abierta18 locales1,535,664.002,047,040.112,728,704.473,637,363.064,848,604.966,463,190.418,615,432.8129,875,999.81Ao 7650,138.4093898,098.8670661,593.89101,066,887.8200Sin construir1,737,408.002,315,964.863,087,181.164,115,212.495,485,578.257,312,275.819,747,263.6533,800,884.23Completa1,843,824.002,457,817.393,276,270.584,367,268.695,821,569.167,760,151.6910,344,282.2035,871,183.72Ingresos - gastos y cotosAo 1Ao 2Ao 3Ao 4Ao 5Ao 6Ao 7TotalIngresosPlaza Cerrada852,949.261,363,554.202,044,191.102,951,480.084,160,896.485,773,048.077,913,105.8325,059,225.0418 locales581,663.811,093,040.131,774,704.832,683,363.123,894,605.105,509,190.797,663,901.9423,200,469.73Promedio m2$134.00P.BSin construir1,035,407.891,613,964.582,385,180.863,413,212.404,783,578.406,610,276.129,046,268.7628,887,889.02$80.00P.ACompleta717,023.631,331,017.142,149,470.253,240,468.824,694,769.536,633,352.179,213,587.3827,979,688.91

P.B/P.AM2 a rentarMensualAnualPlaza Cerrada698.6593,619.101,123,429.20FormulaPlaza Cerrada18 localesSin construirCompletaPlaza Cerrada42734,160.00409,920.00VPN=S Rt25,059,225.0423,200,469.7328,887,889.0227,979,688.9118 locales59880,132.00961,584.00(1+i)t (1.1083) 7 (1.1083) 7 (1.1083) 7 (1.1083) 718 locales59847,840.00574,080.00Valor de (1+i)t9.81210422539.81210422539.81210422539.8121042253Sin construir61682,544.00990,528.00Total2,553,909.382,364,474.452,944,107.442,851,548.28Sin construir77862,240.00746,880.00Completa71896,212.001,154,544.00Completa71857,440.00689,280.00Inflacin 2005: 3.33%7.33TIIE: 7.33% + 3.53.510.83%

Datos durosProyecto de Inversin Plaza ComercialValor de la propiedad $1,837,613.60usd(segn avalo)Valor del terreno$956,240.29usdMayor %Segmento de mercado 1.Contruccin de locales comerciales (Food court o locales con 2 estacionamientos)difcil Segmento de mercado 2.Construccin de locales para oficinasmenorSegmento de mercado 3.Construccin de departamentos o condominios (renta)Precio renta $156.00por m2P.B(referencia del 47% de $110.00por m2P.Aempresas encuestadas)

Promedio m2$134.00P.B$80.00P.A

Precio mximo dispuesto$300.00a pagarPlaza cerradaUtilizar estructura actualrea comercial rentable:P.B698.65m2Costos de construccin:$3,300,000Incluye 416,000 aire acondicionado)P.A427m2Metros rentables:1,125.65Food court305m2Proyeccin ingreso mensual:$230,500Refigeracin Gastos operativos:$397,700Sin depreciacinCajones est.31Gasos de mantenimieto:$2,000incremento en el segundo aose mantendra asi por 5 aos

Plaza abiertaDerribar todo y volver P. A. 18 locales:P.B598m2Costos de construccin:$4,620,000a construirP.A598m2Metros rentables:1,195Cajones est.45Proyeccin ingreso mensual:$209,000Gastos operatvos:$38,200Gastos mantenimiento:$2,000incremento en el segundo aose mantendra asi por 5 aosP.A. sin construir:P.B616m2Costos de construccin:$3,400,000P.A778m2Metros rentables:1,394Cajones est.36Proyeccin ingreso mensual:$235,100P.A. completa:P.B718m2Costos de construccin:$5,460,000P.A718m2Metros rentables:1,146Cajones est.36Proyeccin ingreso mensual:$258,000Valor avalo de la propiedad:$20,950,450Valor del terrero:$10,902,000Valor de la construccin:$10,048,450Inflacin 2005: 3.33%

Clculos

Plaza CerradaPlaza abierta 18 localesPlaza abierta 18 locales sin contruir todo el terrenoContruccin completa

ConceptoImporteTasa de oportunidad/TIIE/Depreciacin/ ISRPonderacinTasa PonderadaConceptoImporteTasa de oportunidad/TIIE/Depreciacin/ ISRPonderacinTasa PonderadaConceptoImporteTasa de oportunidad/TIIE/Depreciacin/ ISRPonderacinTasa PonderadaConceptoImporteTasa de oportunidad/TIIE/Depreciacin/ ISRPonderacinTasa PonderadaValor del terreno10,902,000.007.78%76.76%8.5%Valor del terreno10,902,000.007.78%70.24%8.7%Valor del terreno10,902,000.007.78%76.23%8.5%Valor del terreno10,902,000.007.78%66.63%8.8%Valore de la contruccin10,003,450.00Valore de la contruccin10,003,450.00Valore de la contruccin10,003,450.00Valore de la contruccin10,003,450.00Valor total avalo20,905,450.00Valor total avalo20,905,450.00Valor total avalo20,905,450.00Valor total avalo20,905,450.00Inversin inicial3,300,000.0010.83%23.24%Inversin inicial4,620,000.0010.83%29.76%Inversin inicial3,400,000.0010.83%23.77%Inversin inicial5,460,000.0010.83%33.37%Inversin Total14,202,000.00100%Inversin Total15,522,000.00100%Inversin Total14,302,000.00100%Inversin Total16,362,000.00100%

Inversin inicial2,884,000.00Inversin inicial4,620,000.00Inversin inicial3,400,000.00Inversin inicial5,460,000.00Aire acondicionado416,000.003,300,000.00

Depreciacin AnualDepreciacin AnualDepreciacin AnualDepreciacin AnualInmueble144,200.005%Inmueble231,000.005%Inmueble170,000.005%Inmueble273,000.005%Arire acondicionado41,600.0010%Arire acondicionado0.010%Arire acondicionado0.010%Total Depreciacin185,800.00Total Depreciacin170,000.00Total Depreciacin273,000.00

Amortizacin comisinAmortizacin comisinAmortizacin comisinAmortizacin comisinComisin33,000.001%Comisin46,200.001%Comisin34,000.001%Comisin54,600.001%Amortizacin anual4,714.00Amortizacin anual6,600.00Amortizacin anual4,857.00Amortizacin anual7,800.00

Total Dep. y Amortiz.190,514.00Total Dep. y Amortiz.237,600.00Total Dep. y Amortiz.174,857.00Total Dep. y Amortiz.280,800.00

Pago anual del crdito$696,468.00Pago anual del crdito$975,056.00Pago anual del crdito$717,573.00Pago anual del crdito$1,152,339.00

Impuesto35%Impuesto35%Impuesto35%Impuesto35%

Valor de Rescate17,743,774.00Valor de Rescate18,775,949.00Valor de Rescate20,779,320.00Valor de Rescate23,135,731.00Metros rentables1,126.00Metros rentables1,195.00Metros rentables1,394.00Metros rentables1,146.00Inflacin3.33%Inflacin3.33%Inflacin3.33%Inflacin3.33%

IngresosIngresosIngresosIngresosAos Ingresos MensualesIngresos AnualesAos Ingresos MensualesIngresos AnualesAos Ingresos MensualesIngresos AnualesAos Ingresos MensualesIngresos Anuales1230,500.002,766,000.001209,000.002,508,000.001235,100.002,821,200.001258,000.003,096,000.002238,176.002,858,112.002215,960.002,591,520.002242,929.002,915,148.002266,591.003,199,092.003246,107.002,953,284.003223,151.002,677,812.003251,019.003,012,228.003275,468.003,305,616.004254,302.003,051,624.004230,582.002,766,984.004259,378.003,112,536.004284,641.003,415,692.005262,770.003,153,240.005238,260.002,859,120.005268,015.003,216,180.005294,120.003,529,440.006271,520.003,258,240.006246,194.002,954,328.006276,940.003,323,280.006303,914.003,646,968.007280,562.003,366,744.007254,392.003,052,704.007286,162.003,433,944.007314,034.003,768,408.00Total21,407,244.00Total19,410,468.00Total21,834,516.00Total23,961,216.00

GastosIncremento al gastoGastosIncremento al gastoGastosIncremento al gastoGastosIncremento al gastoAos Gastos OperativosDep. y AmortTotalAos Gastos OperativosDep. y AmortTotalAos Gastos OperativosDep. y AmortTotalAos Gastos OperativosDep. y AmortTotal1397,700.00190,514.00588,214.00138,200.00237,600.00275,800.00138,200.00174,857.00213,057.00138,200.00280,800.00319,000.002413,010.002,000.00190,514.00603,524.00241,539.002,000.00237,600.00279,139.00241,539.002,000.00174,857.00216,396.00241,539.002,000.00280,800.00322,339.003426,763.00190,514.00617,277.00342,922.00237,600.00280,522.00342,922.00174,857.00217,779.00342,922.00280,800.00323,722.004440,974.00190,514.00631,488.00444,351.00237,600.00281,951.00444,351.00174,857.00219,208.00444,351.00280,800.00325,151.005455,658.00190,514.00646,172.00545,828.00237,600.00283,428.00545,828.00174,857.00220,685.00545,828.00280,800.00326,628.006470,831.00190,514.00661,345.00647,354.00237,600.00284,954.00647,354.00174,857.00222,211.00647,354.00280,800.00328,154.007486,510.00190,514.00677,024.00748,931.00237,600.00286,531.00748,931.00174,857.00223,788.00748,931.00280,800.00329,731.00Total3,091,446.001,333,598.004,425,044.00Total309,125.001,663,200.001,972,325.00Total309,125.001,223,999.001,533,124.00Total309,125.001,965,600.002,274,725.00

Gastos FinancierosGastos FinancierosGastos FinancierosGastos FinancierosTabla de amortizacinTabla de amortizacinTabla de amortizacinTabla de amortizacinAosCapitalInteresPago de capitalAnulidadCapital InsolutoAosCapitalInteresPago de capitalAnulidadCapital InsolutoAosCapitalInteresPago de capitalAnulidadCapital InsolutoAosCapitalInteresPago de capitalAnulidadCapital Insoluto13,300,000.00357,390.00339,078.00$696,468.002,960,922.0014,620,000.00500,346.00474,710.00$975,056.004,145,290.0013,400,000.00368,220.00349,353.00$717,573.003,050,647.0015,460,000.00591,318.00561,021.00$1,152,339.004,898,979.0022,960,922.00320,668.00375,800.00$696,468.002,585,122.0024,145,290.00448,935.00526,121.00$975,056.003,619,169.0023,050,647.00330,385.00387,188.00$717,573.002,663,459.0024,898,979.00530,559.00621,780.00$1,152,339.004,277,199.0032,585,122.00279,969.00416,499.00$696,468.002,168,623.0033,619,169.00391,956.00583,100.00$975,056.003,036,069.0032,663,459.00288,453.00429,120.00$717,573.002,234,339.0034,277,199.00463,221.00689,118.00$1,152,339.003,588,081.0042,168,623.00234,862.00461,606.00$696,468.001,707,017.0043,036,069.00328,806.00646,250.00$975,056.002,389,819.0042,234,339.00241,979.00475,594.00$717,573.001,758,745.0043,588,081.00388,589.00763,750.00$1,152,339.002,824,331.0051,707,017.00184,870.00511,598.00$696,468.001,195,419.0052,389,819.00258,817.00716,239.00$975,056.001,673,580.0051,758,745.00190,472.00527,101.00$717,573.001,231,644.0052,824,331.00305,875.00846,464.00$1,152,339.001,977,867.0061,195,419.00129,464.00567,004.00$696,468.00628,415.0061,673,580.00181,249.00793,807.00$975,056.00879,773.0061,231,644.00133,387.00584,186.00$717,573.00647,458.0061,977,867.00214,203.00938,136.00$1,152,339.001,039,731.007628,415.0068,053.00
Casa: Grupo 5:Ajuste por redondeo628,415.00$696,468.000.07879,773.0095,283.00
Casa: Grupo 5:Ajuste por redondeo879,773.00$975,056.000.07647,458.0070,115.00
Casa: Grupo 5:Ajuste por redondeo647,458.00$717,573.000.071,039,731.00112,608.00
Casa: Grupo 5:Ajuste por redondeo1,039,731.00$1,152,339.000.0Total1,575,276.003,300,000.004,875,276.00Total2,205,392.004,620,000.006,825,392.00Total1,623,011.003,400,000.005,023,011.00Total2,606,373.005,460,000.008,066,373.00

Estado de ResultadosAosIngresosGastos OperativosGastos FinancierosUtilidad de operacinImpuestoUtilidad NetaEstado de ResultadosAosIngresosGastos OperativosGastos FinancierosUtilidad de operacinImpuestoUtilidad NetaEstado de ResultadosAosIngresosGastos OperativosGastos FinancierosUtilidad de operacinImpuestoUtilidad NetaEstado de ResultadosAosIngresosGastos OperativosGastos FinancierosUtilidad de operacinImpuestoUtilidad Neta12,766,000.00588,214.00357,390.001,820,396.00637,139.001,183,257.0012,508,000.00275,800.00500,346.001,731,854.00606,149.001,125,705.0012,821,200.00213,057.00368,220.002,239,923.00783,973.001,455,950.0013,096,000.00319,000.00591,318.002,185,682.00764,989.001,420,693.0022,858,112.00603,524.00320,668.001,933,920.00676,872.001,257,048.0022,591,520.00279,139.00448,935.001,863,446.00652,206.001,211,240.0022,915,148.00216,396.00330,385.002,368,367.00828,928.001,539,439.0023,199,092.00322,339.00530,559.002,346,194.00821,168.001,525,026.0032,953,284.00617,277.00279,969.002,056,038.00719,613.001,336,425.0032,677,812.00280,522.00391,956.002,005,334.00701,867.001,303,467.0033,012,228.00217,779.00288,453.002,505,996.00877,099.001,628,897.0033,305,616.00323,722.00463,221.002,518,673.00881,536.001,637,137.0043,051,624.00631,488.00234,862.002,185,274.00764,846.001,420,428.0042,766,984.00281,951.00328,806.002,156,227.00754,679.001,401,548.0043,112,536.00219,208.00241,979.002,651,349.00927,972.001,723,377.0043,415,692.00325,151.00388,589.002,701,952.00945,683.001,756,269.0053,153,240.00646,172.00184,870.002,322,198.00812,769.001,509,429.0052,859,120.00283,428.00258,817.002,316,875.00810,906.001,505,969.0053,216,180.00220,685.00190,472.002,805,023.00981,758.001,823,265.0053,529,440.00326,628.00305,875.002,896,937.001,013,928.001,883,009.0063,258,240.00661,345.00129,464.002,467,431.00863,601.001,603,830.0062,954,328.00284,954.00181,249.002,488,125.00870,844.001,617,281.0063,323,280.00222,211.00133,387.002,967,682.001,038,689.001,928,993.0063,646,968.00328,154.00214,203.003,104,611.001,086,614.002,017,997.0073,366,744.00677,024.0068,053.002,621,667.00917,583.001,704,084.0073,052,704.00286,531.0095,283.002,670,890.00934,812.001,736,078.0073,433,944.00223,788.0070,115.003,140,041.001,099,014.002,041,027.0073,768,408.00329,731.00112,608.003,326,069.001,164,124.002,161,945.00Total21,407,244.004,425,044.001,575,276.0015,406,924.005,392,423.0010,014,501.00Total19,410,468.001,972,325.002,205,392.0015,232,751.005,331,463.009,901,288.00Total21,834,516.001,533,124.001,623,011.0018,678,381.006,537,433.0012,140,948.00Total23,961,216.002,274,725.002,606,373.0019,080,118.006,678,042.0012,402,076.00

AosUtilidad NetaUtilidad PromedioInversin InicialTasa RendimientoAosUtilidad NetaUtilidad PromedioInversin InicialTasa RendimientoAosUtilidad NetaUtilidad PromedioInversin InicialTasa RendimientoAosUtilidad NetaUtilidad PromedioInversin InicialTasa Rendimiento11,183,257.001,183,257.0014,202,000.008.33%11,125,705.001,125,705.0015,522,000.007.25%11,455,950.001,455,950.0014,302,000.0010.18%11,420,693.001,420,693.0016,362,000.008.68%21,257,048.001,220,152.5014,202,000.008.59%21,211,240.001,168,472.5015,522,000.007.53%21,539,439.001,497,694.5014,302,000.0010.47%21,525,026.001,472,859.5016,362,000.009.00%31,336,425.001,258,910.0014,202,000.008.86%31,303,467.001,213,470.6715,522,000.007.82%31,628,897.001,541,428.6714,302,000.0010.78%31,637,137.001,527,618.6716,362,000.009.34%41,420,428.001,299,289.5014,202,000.009.15%41,401,548.001,260,490.0015,522,000.008.12%41,723,377.001,586,915.7514,302,000.0011.10%41,756,269.001,584,781.2516,362,000.009.69%51,509,429.001,341,317.4014,202,000.009.44%51,505,969.001,309,585.8015,522,000.008.44%51,823,265.001,634,185.6014,302,000.0011.43%51,883,009.001,644,426.8016,362,000.0010.05%61,603,830.001,385,069.5014,202,000.009.75%61,617,281.001,360,868.3315,522,000.008.77%61,928,993.001,683,320.1714,302,000.0011.77%62,017,997.001,706,688.5016,362,000.0010.43%71,704,084.001,430,643.0014,202,000.0010.07%71,736,078.001,414,469.7115,522,000.009.11%72,041,027.001,734,421.1414,302,000.0012.13%72,161,945.001,771,725.1416,362,000.0010.83%Total10,014,501.00Total9,901,288.00Total12,140,948.00Total12,402,076.00

Flujo de EfectivoAosUtilidadDep. y AmortTotalPago de capitalFlujo Neto de EfectivoFlujo de EfectivoAosUtilidadDep. y AmortTotalPago de capitalFlujo Neto de EfectivoFlujo de EfectivoAosUtilidadDep. y AmortTotalPago de capitalFlujo Neto de EfectivoFlujo de EfectivoAosUtilidadDep. y AmortTotalPago de capitalFlujo Neto de EfectivoInversin Inicial-14,202,000.00Inversin Inicial-15,522,000.00Inversin Inicial-14,302,000.00Inversin Inicial-16,362,000.0011,183,257.00190,514.001,373,771.00339,078.001,034,693.0011,125,705.00237,600.001,363,305.00474,710.00888,595.0011,455,950.00174,857.001,630,807.00349,353.001,281,454.0011,420,693.00280,800.001,701,493.00561,021.001,140,472.0021,257,048.00190,514.001,447,562.00375,800.001,071,762.0021,211,240.00237,600.001,448,840.00526,121.00922,719.0021,539,439.00174,857.001,714,296.00387,188.001,327,108.0021,525,026.00280,800.001,805,826.00621,780.001,184,046.0031,336,425.00190,514.001,526,939.00416,499.001,110,440.0031,303,467.00237,600.001,541,067.00583,100.00957,967.0031,628,897.00174,857.001,803,754.00429,120.001,374,634.0031,637,137.00280,800.001,917,937.00689,118.001,228,819.0041,420,428.00190,514.001,610,942.00461,606.001,149,336.0041,401,548.00237,600.001,639,148.00646,250.00992,898.0041,723,377.00174,857.001,898,234.00475,594.001,422,640.0041,756,269.00280,800.002,037,069.00763,750.001,273,319.0051,509,429.00190,514.001,699,943.00511,598.001,188,345.0051,505,969.00237,600.001,743,569.00716,239.001,027,330.0051,823,265.00174,857.001,998,122.00527,101.001,471,021.0051,883,009.00280,800.002,163,809.00846,464.001,317,345.0061,603,830.00190,514.001,794,344.00567,004.001,227,340.0061,617,281.00237,600.001,854,881.00793,807.001,061,074.0061,928,993.00174,857.002,103,850.00584,186.001,519,664.0062,017,997.00280,800.002,298,797.00938,136.001,360,661.0071,704,084.00190,514.001,894,598.00-17,115,359.0019,009,957.0071,736,078.00237,600.001,973,678.00-17,896,176.0019,869,854.0072,041,027.00174,857.002,215,884.00-20,131,862.0022,347,746.0072,161,945.00280,800.002,442,745.00-22,096,000.0024,538,745.00Total10,014,501.001,333,598.0011,348,099.00-14,443,774.0011,589,873.00Total9,901,288.001,663,200.0011,564,488.00-14,155,949.0010,198,437.00Total12,140,948.001,223,999.0013,364,947.00-17,379,320.0016,442,267.00Total12,402,076.001,965,600.0014,367,676.00-17,675,731.0015,681,407.00

Valor Presente Neto$1,652,190.98Valor Presente Neto-$54,765.98Valor Presente Neto$4,638,606.89Valor Presente Neto$2,833,229.86Tasa Interna de Retorno11%Tasa Interna de Retorno9%Tasa Interna de Retorno14%Tasa Interna de Retorno12%Indice de rentabilidad12%Indice de rentabilidad-0%Indice de rentabilidad32%Indice de rentabilidad17%

Flujo de EfectivoAosUtilidadDep. y AmortTotalPago de capitalFlujo Neto de EfectivoFlujo de EfectivoAosUtilidadDep. y AmortTotalPago de capitalFlujo Neto de EfectivoFlujo de EfectivoAosUtilidadDep. y AmortTotalPago de capitalFlujo Neto de EfectivoFlujo de EfectivoAosUtilidadDep. y AmortTotalPago de capitalFlujo Neto de Efectivo11,183,257.00190,514.001,373,771.00339,078.001,034,693.0011,125,705.00237,600.001,363,305.00474,710.00888,595.0011,455,950.00174,857.001,630,807.00349,353.001,281,454.0011,420,693.00280,800.001,701,493.00561,021.001,140,472.0021,257,048.00190,514.001,447,562.00375,800.001,071,762.0021,211,240.00237,600.001,448,840.00526,121.00922,719.0021,539,439.00174,857.001,714,296.00387,188.001,327,108.0021,525,026.00280,800.001,805,826.00621,780.001,184,046.0031,336,425.00190,514.001,526,939.00416,499.001,110,440.0031,303,467.00237,600.001,541,067.00583,100.00957,967.0031,628,897.00174,857.001,803,754.00429,120.001,374,634.0031,637,137.00280,800.001,917,937.00689,118.001,228,819.0041,420,428.00190,514.001,610,942.00461,606.001,149,336.0041,401,548.00237,600.001,639,148.00646,250.00992,898.0041,723,377.00174,857.001,898,234.00475,594.001,422,640.0041,756,269.00280,800.002,037,069.00763,750.001,273,319.0051,509,429.00190,514.001,699,943.00511,598.001,188,345.0051,505,969.00237,600.001,743,569.00716,239.001,027,330.0051,823,265.00174,857.001,998,122.00527,101.001,471,021.0051,883,009.00280,800.002,163,809.00846,464.001,317,345.0061,603,830.00190,514.001,794,344.00567,004.001,227,340.0061,617,281.00237,600.001,854,881.00793,807.001,061,074.0061,928,993.00174,857.002,103,850.00584,186.001,519,664.0062,017,997.00280,800.002,298,797.00938,136.001,360,661.0071,704,084.00190,514.001,894,598.00628,415.001,266,183.0071,736,078.00237,600.001,973,678.00879,773.001,093,905.0072,041,027.00174,857.002,215,884.00647,458.001,568,426.0072,161,945.00280,800.002,442,745.001,039,731.001,403,014.00Total10,014,501.001,333,598.0011,348,099.003,300,000.008,048,099.00Total9,901,288.001,663,200.0011,564,488.004,620,000.006,944,488.00Total12,140,948.001,223,999.0013,364,947.003,400,000.009,964,947.00Total12,402,076.001,965,600.0014,367,676.005,460,000.008,907,676.00

Flujo Neto de Efectivo1,149,728.43Flujo Neto de Efectivo992,069.71Flujo Neto de Efectivo1,423,563.86Flujo Neto de Efectivo %1,272,525.14Inversin Inicial14,202,000.00Inversin Inicial15,522,000.00Inversin Inicial14,302,000.00Inversin Inicial16,362,000.00Flujo Neto de Efectivo ao 78,048,099.00Flujo Neto de Efectivo ao 76,944,488.00Flujo Neto de Efectivo ao 79,964,947.00Flujo Neto de Efectivo ao 78,907,676.00Diferencia6,153,901.00Diferencia8,577,512.00Diferencia4,337,053.00Diferencia7,454,324.00Aos faltantes para recuperar inversin5.35Aos faltantes para recuperar inversin8.65Aos faltantes para recuperar inversin3.05Aos faltantes para recuperar inversin5.86