DatosPRODUCCION DEI. ACTIVO FIJOa. InfraestructuraCantidadDescripcionP.UnitarioTotal1Agua259.00259.001Energa Electrica63.5063.502Total en Dolares322.508,668.94b. Obras CivilesCantidadDescripcionP.UnitarioTotalTerrenos2,000.002,000.00Galpn4,420.484,420.48Oficina y Bodega579.52579.5218centros de trabajo25.00450.00Total en Dolares7,450.00CantidadDescripcionP.UnitarioTotal1Escritorio55.0055.001Sillon Giratorio55.0055.001Archivador100.00100.001Anaquel100.00100.006Sillas20.00120.00Total en Dolares430.00d. Maquinaria, Equipo y HerramientasCantidadDescripcionP.UnitarioTotal2carretilla26.2552.5050manguera0.3618.002azadn7.1414.282guantes1.503.003zaranda3.009.002pala5.4810.963rastrillo8.0024.001termmetro25.5025.501balanza 52 kg104.28104.282Cascos3.006.002mascarillas4.018.02150plstico negro grueso0.99148.502botas de caucho17.7035.402machete3.507.00Total en Dolares466.4458.434263866941.5657361331II. ACTIVO DIFERIDOa. Asistencia Tcnia y CapacitacinDescripcionValorAsistencia Tcnia y Capacitacin1,500.00Total en Dolares1,500.00III. CAPITAL DE TRABAJOa. Mano de Obra DirectaDENOMINACIONSUELDOObrero 12,059.20Obrero 22,059.20Total en dlares4,118.40b. Materia PrimaDescripcionValorPie de Cria2,700.00Total en Dolares2,700.00c. Gastos Administrativos y VentasDescripcionValorGastos Administ. y vtas.220.00Total en Dolares220.00d. Costos IndirectosDescripcionValorCostos Indirectos (sacos embalaje)395.04Total en Dolares395.04

DepreciacinIV. DEPRECIACIONESRUBROAos deValor delValorDepreciac.Depreciac.VidaActivo FijoResidualAnualMensuala. Infraestructura10322.5032.2529.032.42Muebles y enseres10430.0043.0038.703.23Obras Civiles105,450.00545.00490.5040.88Maq, Equipo y Herramientas10466.4446.6441.983.50TOTAL6,668.94666.89600.2050.02V. AMORTIZACIONRUBROPeriodo deValor deAmortizac.Amortizac.Activo DiferidoAnualAsistencia Tcnia y Capacitacin101,500.00150.00Terreno102,000.00200.00Total350.00

Costo Producc.3.5.3 PRESUPUESTOS3.5.3.1 PRESUPUESTO DE COSTOS DE PRODUCCION10%RUBROAO 1AO 2AO 3AO 4AO 5AO 6AO 7AO 8AO 9AO 10MATERIA PRIMAPie de Cra2,700.000.000.000.000.000.000.000.000.000.00Total Materia Prima2,700.000.000.000.000.000.000.000.000.000.00MANO DE OBRAObrero 12,059.202,265.122,491.632,740.803,014.873,316.363,648.004,012.804,414.084,855.49Obrero 22,059.202,265.122,491.632,740.803,014.873,316.363,648.004,012.804,414.084,855.49Total Mano de Obra Directa4,118.404,530.244,983.265,481.596,029.756,632.727,296.008,025.608,828.169,710.97Costo IndirectoCostos Indirectos (sacos embalaje)395.04434.54478.00525.80578.38636.22699.84769.82846.80931.48Total Costo Indirecto395.04434.54478.00525.80578.38636.22699.84769.82846.80931.48TOTAL COSTO DE PRODUCCION7,213.444,964.785,461.266,007.396,608.137,268.947,995.838,795.429,674.9610,642.46

Presup.Operacin3.5.3.2 PRESUPUESTO DE CAPITAL DE TRABAJORUBRODIASAO 1AO 2AO 3AO 4AO 5AO 6AO 7AO 8AO 9AO 10Materia Prima3652,700.000.00.00.00.0Mano de Obra304,118.404,530.244,983.265,481.596,029.756,632.727,296.008,025.608,828.169,710.97Total Capital de Trabajo6,818.404,530.244,983.265,481.596,029.756,632.727,296.008,025.608,828.169,710.97Materia Prima2,700.000.000.000.000.00Mano de Obra4,118.404,530.244,983.265,481.596,029.756,632.727,296.008,025.608,828.169,710.973.5.3.3 PRESUPUESTO DE CAPITAL DE OPERACIONRUBROAO 1AO 2AO 3AO 4AO 5AO 6AO 7AO 8AO 9AO 10CAPITAL DE TRABAJOMateria Prima2,700.000.000.000.000.000.000.000.000.000.00Mano de Obra4,118.404,530.244,983.265,481.596,029.756,632.727,296.008,025.608,828.169,710.97TOTAL6,818.404,530.244,983.265,481.596,029.756,632.727,296.008,025.608,828.169,710.97COSTOS DE OPERACIONCostos Administrativos180.00198.00217.80239.58263.54289.89318.88350.77385.85424.43Costos de Publicidad40.0044.0048.4053.2458.5664.4270.8677.9585.7494.32Costos Financieros538.47425.11311.75198.3885.020.000.000.000.000.00TOTAL COSTOS OPERACIN758.47667.11577.95491.20407.12354.31389.74428.72471.59518.75TOTAL7,576.875,197.355,561.215,972.796,436.876,987.047,685.748,454.319,299.7510,229.72

Costo Total3.5.3.5 COSTO TOTALI. COSTOS DE ADMINISTRACION10%RUBROAO 1AO 2AO 3AO 4AO 5AO 6AO 7AO 8AO 9AO 10GASTO ADM.Suministros180.00198.00217.80239.58263.54289.89318.88350.77385.85424.43II. COSTOS DE PUBLICIDADRUBROAO 1AO 2AO 3AO 4AO 5AO 6AO 7AO 8AO 9AO 10Promocion40.0044.0048.4053.2458.5664.4270.8677.9585.7494.32TOTAL40.0044.0048.4053.2458.5664.4270.8677.9585.7494.32III. COSTOS FINANCIEROSPERIODOSTOTALAo 1538.47Ao 2425.11Ao 3311.75Ao 4198.38Ao 585.02Ao 60.00Ao 70.00Ao 80.00Ao 90.00Ao 100.001,558.743.5.6 FUENTES DE FINANCIAMIENTO Y CONDICIONES3.5.6.1 TABLA DE AMORTIZACIONAmortizacin de la DeudaPERIODOSAmortizaccionInteresC.pagadoCuotaSaldo0.047,085.16701.841Semestre 16,376.64283.41708.52991.926,376.64538.47Semestre 24,959.61255.07708.52963.585,668.132Semestre 34,251.10226.73708.52935.244,959.61Semestre 43,542.58198.38708.52906.904,251.103Semestre 52,834.06170.04708.52878.563,542.58Semestre 62,125.55141.70708.52850.222,834.064Semestre 71,417.03113.36708.52821.882,125.55Semestre 8708.5285.02708.52793.541,417.035Semestre 90.0056.68708.52765.20708.52Semestre 10(708.52)28.34708.52736.860.006Semestre 11(1,463.68)0.00731.84731.84(731.84)Semestre 12(2,195.52)(29.27)731.84702.57(1,463.68)7Semestre 13(2,927.36)(58.55)731.84673.29(2,195.52)Semestre 14(3,659.20)(87.82)731.84644.02(2,927.36)8Semestre 15(4,391.04)(117.09)731.84614.75(3,659.20)Semestre 16(5,122.88)(146.37)731.84585.47(4,391.04)9Semestre 17(5,854.72)(175.64)731.84556.20(5,122.88)Semestre 18(6,586.56)(204.92)731.84526.92(5,854.72)10Semestre 19(7,318.40)(234.19)731.84497.65(6,586.56)Semestre 20(8,050.24)(263.46)731.84468.38(7,318.40)3.5.3.4 PRESUPUESTO DE COSTOS TOTALESRUBROAO 1AO 2AO 3AO 4AO 5AO 6AO 7AO 8AO 9AO 10Costos de Produccin7,213.444,964.785,461.266,007.396,608.137,268.947,995.838,795.429,674.9610,642.46Costos Administrativos180.00198.00217.80239.58263.54289.89318.88350.77385.85424.43Costos de Marketing40.0044.0048.4053.2458.5664.4270.8677.9585.7494.32Costos Financieros538.47425.11311.75198.3885.020.000.000.000.000.00Total7,971.915,631.896,039.216,498.597,015.257,623.258,385.589,224.1410,146.5511,161.20

InversionINVERSION Y FINANCIAMIENTO3.5.1.1 INVERSION TOTALDESCRIPCIONPARCIALTOTALACTIVO FIJO8,718.94InfraestructuraInstalacin de Agua259.00322.50Energa Elctrica63.50Obras CivilesTerreno2,000.00Galpn4,420.48Oficina y bodega579.52Camas500.00Muebles y Enseres430.00Maquinaria Equipo y herra466.448,718.94ACTIVO DIFERIDO1,500.00Asistencia Tcnica y Capac1,500.00CAPITAL DE TRABAJO7,500.58Mano de Obra Dir. E Indir.4,118.40Materia Prima Dir. E Indirec2,700.00Gastos Administ. y vtas.220.00Gastos Financieros462.18Total de la Inversion17,719.523.5.1.2 FINANCIAMIENTODESCRIPCION% Participac.TOTALCAPITAL PROPIOAccionista 110,634.36Total Capital Propio10,634.36CAPITAL AJENOPrestamo Bco.7,085.16Total Capital Ajeno7,085.16Total Financiamiento17,719.52

Ingresos3.5.5 ESTADO DE RESULTADOS3.5.5.1 INGRESOSI. INGRESOS POR EL PRODUCTO HUMUSAOCANTIDADCosto TotalCosto U.Incr.10%Total Incr. 10%Ao 11,350.007,047.005.227,047.00Ao 21,485.007,751.705.225.227,751.70Ao 31,633.508,526.875.225.448,886.24Ao 41,796.859,379.565.225.9810,745.16Ao 51,976.5410,317.515.226.5712,985.83Ao 62,174.1911,349.265.227.2215,697.64Ao 72,391.6112,484.195.227.9418,989.36Ao 82,630.7713,732.615.228.7322,966.61Ao 92,893.8415,105.875.229.6127,809.85Ao 103,183.2316,616.465.2210.5633,614.90II. INGRESOS POR EL PRODUCTO PIE DE CRIAAOCANTIDADCosto TotalCosto U.Incr.10%Total Incr. 10%Ao 11,800.002,700.001.501.502,700.00Ao 21,980.002,970.001.501.502,970.00Ao 32,178.003,267.001.501.503,267.00Ao 42,395.803,593.701.501.503,593.70Ao 52,635.383,953.071.501.503,953.07Ao 62,898.924,348.381.501.504,348.38Ao 73,188.814,783.211.501.504,783.21Ao 83,507.695,261.541.501.505,261.54Ao 93,858.465,787.691.501.505,787.69Ao 104,244.316,366.461.501.506,366.46III. INGRESOS TOTALESAOSPRODUCTOSINGRESOSTOTALTOTALESAo 1HUMUS7,047.009,747.00PIE2,700.00Ao 2HUMUS7,751.7010,721.70,PIE2,970.00Ao 3HUMUS8,886.2412,153.24PIE3,267.00Ao 4HUMUS10,745.1614,338.86PIE3,593.70Ao 5HUMUS12,985.8316,938.90PIE3,953.07Ao 6HUMUS15,697.6420,046.02PIE4,348.38Ao 7HUMUS18,989.3623,772.58PIE4,783.21Ao 8HUMUS22,966.6128,228.14PIE5,261.54Ao 9HUMUS27,809.8533,597.54PIE5,787.69Ao 10HUMUS33,614.9039,981.36PIE6,366.46TOTAL209,525.34209,525.343.5.5.2 BALANCE DE RESULTADOSRUBROAO 1AO 2AO 3AO 4AO 5AO 6AO 7AO 8AO 9AO 10INGRESOS9,747.0010,721.7012,153.2414,338.8616,938.9020,046.0223,772.5828,228.1433,597.5439,981.36HUMUS7,047.007,751.708,886.2410,745.1612,985.8315,697.6418,989.3622,966.6127,809.8533,614.90PIE DE CRIA2,700.002,970.003,267.003,593.703,953.074,348.384,783.215,261.545,787.696,366.46- COSTOS DE PRODUCCION7,213.444,964.785,461.266,007.396,608.137,268.947,995.838,795.429,674.9610,642.46= Utilidad Bruta en Ventas2,533.565,756.926,691.988,331.4710,330.7812777.0815776.7419432.7223922.5829338.91- COSTOS OPERACIONALES758.47667.11577.95491.20407.12354.31389.74428.72471.59518.75Costos Administrativos180.00198.00217.80239.58263.54289.89318.88350.77385.85424.43Costos de Publicidad40.0044.0048.4053.2458.5664.4270.8677.9585.7494.32Costos Financieros538.47425.11311.75198.3885.020.000.000.000.000.00= Utilidad Operacional1,775.095,089.816,114.037,840.279,923.6512,422.7715,387.0019,004.0123,450.9928,820.165% IMPUESTOS88.75254.49305.70392.01496.18621.14769.35950.201,172.551,441.01= Utilidad Neta1,686.334,835.325,808.337,448.269,427.4711,801.6314,617.6518,053.8122,278.4427,379.15

Flujos3.5.4 FLUJOS DE CAJA PROYECTADODESCRIPCIONPreoperacinAo 1Ao 2Ao 3Ao 4Ao 5Ao 6Ao 7Ao 8Ao 9Ao 10AINGRESOS OPERACIONALESVentas09,747.0010,721.7012,153.2414,338.8616,938.9020,046.0223,772.5828,228.1433,597.5439,981.36BEGRESOS OPERACIONALESMateria Prima Directa2,700.000.000.000.000.000.000.000.000.000.00Mano de Obra Directa4,118.404,530.244,983.265,481.596,029.756,632.727,296.008,025.608,828.169,710.97Costos Indirectos (sacos embalaje)395.04434.54478.00525.80578.38636.22699.84769.82846.80931.48Gastos Administrativos180.00198.00217.80239.58263.54289.89318.88350.77385.85424.43Gastos de Marketing40.0044.0048.4053.2458.5664.4270.8677.9585.7494.327,433.445,206.785,727.466,300.216,930.237,623.258,385.589,224.1410,146.5511,161.20CFLUJO OPERACIONAL (A-B)2,313.565,514.926,425.788,038.6510,008.6812,422.7715,387.0019,004.0123,450.9928,820.16DINGRESOS NO OPERACIONALESCrdito a Largo Plazo7,085.16Crditos a Corto PlazoAportes de Capital10,634.36Otros Ingresos17,719.520.000.000.000.000.00EEGRESOS NO OPERACIONALESPago de Intereses538.47425.11311.75198.3885.020.000.000.000.000.00Pago Crdito a Largo Plazo1,798.301,798.301,798.301,798.301,798.301,798.301,798.303,596.601,798.30Pago de Impuestos88.75254.49305.70392.01496.18621.14769.35950.201,172.551,441.01Adquisicin de Activos Fijos:Infraestructura322.50Terrenos2,000.00Galpn presecado4,420.48Galpn clasificado0.00Oficina y Bodega579.52Camas500.00Maquinaria y Equipo466.44Muebles y Enseres430.00Activos Diferidos:Gastos de Instalaciones1,500.0010,218.94627.232,477.902,415.752,388.702,379.502,419.442,567.652,748.504,769.153,239.31FFlujo no operacional (E-D)7,500.58627.232,477.902,415.752,388.702,379.502,419.442,567.652,748.504,769.153,239.31GFlujo Neto Generado (C+F)7,500.582,940.797,992.828,841.5310,427.3512,388.1814,842.2017,954.6521,752.5128,220.1432,059.46HSaldo Inicial de Caja07,500.5810,441.3718,434.1827,275.7137,703.0650,091.2464,933.4482,888.09104,640.60132,860.74ISaldo Final de Caja (G+H)7,500.5810,441.3718,434.1827,275.7137,703.0650,091.2464,933.4482,888.09104,640.60132,860.74164,920.21

Balance3.5.2 BALANCE GENERAL HISTORICO Y PROYECTADODESCRIPCIONPreoperacinPerodo 1Perodo 2Perodo 3Perodo 4Perodo 5Perodo 6Perodo 7Perodo 8Perodo 9Perodo 10ACTIVO CORIENTECaja Bancos7,500.5810,441.3718,434.1827,275.7137,703.0650,091.2464,933.4482,888.09104,640.60132,860.74164,920.21Total Activo Corriente7,500.5810,441.3718,434.1827,275.7137,703.0650,091.2464,933.4482,888.09104,640.60132,860.74164,920.21ACTIVOS FIJOSTerrenos2,000.002,000.002,000.002,000.002,000.002,000.002,000.002,000.002,000.002,000.002,000.00Galpn presecado4,420.484,420.484,420.484,420.484,420.484,420.484,420.484,420.484,420.484,420.484,420.48Oficina y bodega579.52579.52579.52579.52579.52579.52579.52579.52579.52579.52579.52Camas500.00500.00500.00500.00500.00500.00500.00500.00500.00500.00500.00Infraestructura322.50322.50322.50322.50322.50322.50322.50322.50322.50322.50322.50Maquinaria, Equipo y herramientas466.44466.44466.44466.44466.44466.44466.44466.44466.44466.44466.44Muebles y Enseres430.00430.00430.00430.00430.00430.00430.00430.00430.00430.00430.00SUB TOTAL8,718.948,718.948,718.948,718.948,718.948,718.948,718.948,718.948,718.948,718.948,718.94(-) Depreciaciones600.201,200.411,800.612,400.823,001.023,601.234,201.434,801.645,401.846,002.05Total Activos Fijos8,718.9410,118.749,518.538,918.338,318.127,717.927,117.716,517.515,917.305,317.104,716.89ACTIVOS DIFERIDOSAsistencia Tcnia500.00500.00500.00500.00500.00500.00sub total500.00500.00500.00500.00500.00500.00(-) Amortizaciones350.00315.00280.00245.00210.00Otros Activos0.0Total Activos Diferidos500.00150.00185.00220.00255.00290.00TOTAL ACTIVOS16,719.5220,710.1028,137.7136,414.0346,276.1858,099.16PASIVO CORRIENTEObligaciones Bancarias1,417.031,193.601,193.601,193.601,193.60TOTAL PASIVOS6,191.451,417.031,193.601,193.601,193.601,193.60PATRIMONIOCapital10,528.0719,293.0726,944.1135,220.4345,082.5856,905.55TOTAL PASIVO Y PATRIMONIO16,719.5220,710.1028,137.7136,414.0346,276.1858,099.16

Evaluacin5. EVALUACION FINANCIERA Y ECONOMICA5.2 VALOR PRESENTE NETO (VPN)AOSFLUJO DEFactor deF.EfectivoF.EfectivoEFECTIVOActualizac.Actualiza.Act. Acum.12%0(17,719.52)1(17,719.52)(17,719.52)110,441.370.89285714299,322.65(8,396.87)218,434.180.797193877614,695.626,298.75327,275.710.711780247819,414.3125,713.06437,703.060.635518078423,960.9849,674.03550,091.240.567426855728,423.1278,097.15VAN95,816.675.3 TASA INTERNA DE RETORNO (TIR)5.3.1 TASA INTERNA DE RETORNOAOSFLUJO DEFactor deF.EfectivoF.EfectivoEFECTIVOActualizac.Actualiza.Act. Acum.97.40%0(17,719.52)1-17,719.52-17,719.52110,441.370.50657525215,289.34-12,430.18218,434.180.25661848614,730.55-7,699.63327,275.710.12999657433,545.75-4,153.88437,703.060.06585304742,482.86-1,671.02550,091.240.03335952411,671.020.005.3.2 TASA INTERNA DE RETORNO (TIR)AOSFLUJO DEF.EfectivoT1T2EFECTIVOActualiza.33%34%12%0(17,719.52)-17,719.52(17,719.52)-17,719.52110,441.379,322.657,009.516,957.20218,434.1814,695.628,307.778,184.24327,275.7119,414.318,252.158,068.77437,703.0623,960.987,657.697,431.65550,091.2428,423.126,829.896,578.8278,097.2720,337.4919,501.16826.80%5.4 RELACION BENEFICIO COSTO (B/C)AOSINGRESOSEGRESOSFACTORINGRESOSEGRESOSACTUALIZAC.ACTUALIZAD.ACTUALIZ12%19,747.007,971.910.89285714298,702.687,117.78210,721.705,631.890.89285714299,572.955,028.48312,153.246,039.210.892857142910,851.115,392.15414,338.866,498.590.892857142912,802.565,802.32516,938.907,015.250.892857142915,124.026,263.62Sumatorias63,899.7133,156.8657,053.3129,604.34B/C =1.93METODOS QUE NO TIENE EN CUENTA EL VALOR DEL DINEROPRI =0.92TRC =39%EEDI =1.93

Punto Equilibrio5.5 PUNTO DE EQUILIBRIODESCRIPCIONPerodo 1Perodo 2Perodo 3Perodo 4Perodo 5COSTOS FIJOSCostos Administrativos180.00198.00217.80239.586,608.13Costos de Publicidad40.0044.0048.4053.2458.56Costos Financieros538.47425.11311.75198.3885.02Depreciaciones600.20600.20600.20600.20600.20Amortizaciones350.00350.00350.00350.00350.00Mano de Obra Directa4,118.404,530.244,983.265,481.596,029.75Total Costos Fijos5,827.086,147.556,511.426,923.0013,731.67COSTOS VARIABLESMateria Prima2,700.000.000.000.000.00Costos Indirectos (sacos embalaje)395.04434.54478.00525.80578.38Total Costos Variables3,095.04434.54478.00525.80578.38Ingresos Por Ventas9,747.0010,721.7012,153.2414,338.8616,938.90Punto de Equilibrio en U.M.8,538.316,407.246,778.007,186.5314,217.11Punto de Equilibrio en Porcentaje88%60%56%50%84%Punto de Equilibrio en U.Produc.Costo total8922.126582.106989.417448.8014310.05

IndicesINDICES FINANCIEROS5.1 INDICES FINANCIEROSINDICESFORMULAPerodo 1Perodo 2Perodo 3Perodo 4Periodo 5ALIQUIDEZCapital de TrabajoActivo Circ. - Pasivo Circ.9,024.3317,240.5826,082.1036,509.4648,897.64SolvenciaActivo Circ. / Pasivo Circ.7.3715.4422.8531.5941.97LiquidezActivo Circulante - Inventarios5.4615.4422.8531.5941.97Pasivo CirculanteLiquidez GlobalTotal Activos / Total Pasivos14.6223.5730.5138.7748.68BACTIVIDADRotacin Capiatal TrabajoVentas Netas / Capital Trabajo1.30Rotacin de PatrimonioVentas Netas / Patrimonio0.93Rotacin de CarteraVentas Netas / Ctas. Por Cobrar0.0Rotacin de Activcos FijosVentas Netas / Activos fijos0.96Rotacin de Activos TotalesVentas Netas / Activos Totales0.47CENDEUDAMIENTOEndeudamientoDeuda Total0.34Activo TotalSolvencia TotalPatrimonio1.04Activo FijoDRENTABILIDADRentabilidad sobre la InversinUtilidad Neta0.08Activo TotalRentabilidad Sobre el PatrimonioUtilidad Neta0.16PatrimonioRentabilidad OperativaUtilidad Operacional0.18Ventas NetasRelacin Utilidad y CostosUtilidad Neta0.21Costos Totales

Sensibilidad5.6 ANALISIS DE SENSIBILIDAD5.6.1 FLUJOS DE CAJA PROYECTADODESCRIPCIONPreoperacinPerodo 1Perodo 2Perodo 3Perodo 4Perodo 5AINGRESOS OPERACIONALES0.09,747.0010,721.7012,153.2414,338.8616,938.90BEGRESOS OPERACIONALES0.07,433.445,206.785,727.466,300.216,930.23CFlujo Operacional (A-B)0.02,313.565,514.926,425.788,038.6510,008.68DINGRESOS NO OPERACIONALES17,719.52EEGRESOS NO OPERACIONALES10,218.94627.232,477.902,415.752,388.702,379.50FFlujo no operacional (E-D)-7,500.58627.232,477.902,415.752,388.702,379.50GFlujo Neto Generado (C+F)-7,500.582,940.797,992.828,841.5310,427.3512,388.18HSaldo Inicial de Caja0.0-7,500.58-4,559.793,433.0212,274.5522,701.90ISaldo Final de Caja (G+H)-7,500.58-4,559.793,433.0212,274.5522,701.9035,090.085.6.2 FLUJOS DE CAJA PROYECTADO SI LOS COSTOS SE INCREMENTAN EN10%DESCRIPCIONPreoperacinPerodo 1Perodo 2Perodo 3Perodo 4Perodo 5AINGRESOS OPERACIONALES0.09,747.0010,721.7012,153.2414,338.8616,938.90BEGRESOS OPERACIONALES0.08,176.785,727.466,300.216,930.237,623.25CFlujo Operacional (A-B)0.01,570.224,994.245,853.037,408.639,315.65DINGRESOS NO OPERACIONALES17,719.520.00.00.00.00.0EEGRESOS NO OPERACIONALES11,240.83689.952,725.692,657.322,627.572,617.46FFlujo no operacional (E-D)-6,478.69689.952,725.692,657.322,627.572,617.46GFlujo Neto Generado (C+F)-6,478.692,260.177,719.938,510.3510,036.2011,933.11HSaldo Inicial de Caja0.0-6,478.69-4,218.523,501.4112,011.7622,047.96ISaldo Final de Caja (G+H)-6,478.69-4,218.523,501.4112,011.7622,047.9633,981.075.6.3 FLUJOS DE CAJA PROYECTADO SI LOS INGRESOS DISMINUYEN EN UN10%DESCRIPCIONPreoperacinPerodo 1Perodo 2Perodo 3Perodo 4Perodo 5AINGRESOS OPERACIONALES0.08,772.309,649.5310,937.9212,904.9815,245.01BEGRESOS OPERACIONALES0.07,433.445,206.785,727.466,300.216,930.23CFlujo Operacional (A-B)0.01,338.864,442.755,210.456,604.778,314.78DINGRESOS NO OPERACIONALES15,947.570.00.00.00.00.0EEGRESOS NO OPERACIONALES10,218.94627.232,477.902,415.752,388.702,379.50FFlujo no operacional (E-D)-5,728.63627.232,477.902,415.752,388.702,379.50GFlujo Neto Generado (C+F)-5,728.631,966.096,920.657,626.208,993.4710,694.29HSaldo Inicial de Caja0.0-5,728.63-3,762.543,158.1010,784.3119,777.77ISaldo Final de Caja (G+H)-5,728.63-3,762.543,158.1010,784.3119,777.7730,472.065.6.4 RESULTADOS DE LOS FLUJOS DE FONDOSAOSFLUJOS DE FONDOSNORMAL+10% Costos-10% IngresosPREOPERACION (Inversin Inicial)(17,719.52)(17,719.52)(17,719.52)AO 1(4,559.79)-4,218.52-3,762.54AO 23,433.023,501.413,158.10AO 312,274.5512,011.7610,784.31AO 422,701.9022,047.9619,777.77AO 535,090.0833,981.0730,472.06RESULTADOSCRITERIONORMAL+10% Costos-10% IngresosVAN21,447.6120,668.4216,941.56TIR36%35%32%B/C57,509.7463,899.7160,429.70