Minicaso GoodweekTires

GOODWEEK TIRES, INC
inversin equipo 140,000,000.00

venta equipo 54,000,000.00
precio unitario OEM 38.00
costos variable OEM 22.00
precio unitario mercado remplazo 59.00
costos variable mercado reemplazo 22.00
aumento de precio/ sobre h 1% 4.28%
aumento cv 1% 4.28%
gastos adm y mkt 26,000,000.00
tasa tributaria 40%
inflacus annual 3.25%
tasa descuento 15.90%
crecimiento produccion OEM 2.50% 1.043
produccion futura 5,600,000.00 22,400,000.00
mercado OEM empresa 11%
unidades venta mercado reemplazo 14,000,000.00
creciemiento cantidad 2%
participacin de mercado reemplazo 8%
capital de trabajo 9,000,000.00
capital trabajo neto/ ventas 15%
ao1 14.29%
ao2 24.49%
ao3 17.49%
ao4 12.49%
ao0
inversin equipo (140,000,000.00)

depreciacion
depreciacion acumulada
valor libros maquina
precio por unidad OEM
precio por unidad mercado reemplazo
unidades vendidad por ao OEM
unidades vendidad por ao mercado r
ingreso por ventas mercado r
ingreso por ventas OEM
ingreso total
costo por unidad OEM/ MR
costo operativo
capital de trabajo neto inicial

capital de trabajo neto final
fuljo del capital de trabajo
venta maquinaria
impuesto sobre venta
ganancia venta maquina
ingreso total
costo operativo
gatos adm y mkt
depreciacion
utilidad antes de impuestos (UAI)
impuestos
utilidad neta (UN)
depreciacion
inversion (140,000,000.00)
capital de trabajo (9,000,000.00)
flujo de efectivo operacional (FEO) ###
ao1 ao2 ao3 ao4
20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37

20,000,000.00 54,285,714.29 78,775,510.20 96,268,221.57
120,000,000.00 85,714,285.71 61,224,489.80 43,731,778.43
38.00 39.63 41.32 43.09
59.00 61.53 64.16 66.91
2,464,000.00 2,525,600.00 2,588,740.00 2,653,458.50
1,120,000.00 1,142,400.00 1,165,248.00 1,188,552.96
66,080,000.00 70,288,073.52 74,764,123.47 79,525,215.00
93,632,000.00 100,082,835.16 106,978,104.64 114,348,428.02
159,712,000.00 ### ### ###
22.00 22.94 23.92 24.95
78,848,000.00 84,151,806.20 89,812,839.90 95,855,191.49
9,000,000.00 23,956,800.00 25,555,636.30 27,261,334.22

23,956,800.00 25,555,636.30 27,261,334.22
(14,956,800.00) (1,598,836.30) (1,705,697.92) 27,261,334.22
54,000,000.00
4,107,288.63
49,892,711.37
159,712,000.00 170,370,908.68 181,742,228.11 193,873,643.02

78,848,000.00 84,151,806.20 89,812,839.90 95,855,191.49
26,000,000.00 26,845,000.00 27,717,462.50 28,618,280.03
20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37
34,864,000.00 25,088,388.19 39,722,129.80 51,907,460.14
13,945,600.00 10,035,355.28 15,888,851.92 20,762,984.05
20,918,400.00 15,053,032.92 23,833,277.88 31,144,476.08
20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37
49,892,711.37
(14,956,800.00) (1,598,836.30) (1,705,697.92) 27,261,334.22
25,961,600.00 47,739,910.90 46,617,375.88 ###
For this Master It! assignment, refer to the Goodweek Tires, Inc. case at the end of Chapte
1. What is the profitability index of the project?
IR 1.06
2. What is the IRR of the project?
IRR 18%
3. What is the NPV of the project?

TASA 0.159
NPV 8,596,390.55 FEO (149,000,000.00)
4. At what OEM price would Goodweek Tires be indifferent to accepting the project? Ass
5. At what level of variable costs per unit would Goodweek Tires be indifferent to accep

costos variable MR 23.31
6.Realice el anlisis de sensibilidad de todas las variables que considere relevantes
El proyecto tendra un VPN positivo si la tasa de descuentro se encuentra entre 19% y 22

Haciendo refernecia a la tasa de inflacion del proyecto que es de 3,25% el proyecto refle
7. Informe Gerencial
Estimados,
GOODWEEK TIRES es una empresa que esta en las condiciones de in
produccin de neumticos, los resultamos que hemos obtenido con la informacin previa
ndice de rentabilidad del proyecto es del 1,06%, por lo tanto el VPN tambin esta en cifr
8 596390,55 y la tasa interna de retorno es del 18%. Se debe tener en cuenta que el pre
OEM es de $38 y el proyecto puede correr riesgo si este valor es menor a $36,05. Por otr
mercado de remplazo los costos variables pueden ubicarse en un rango de $22 y $23,31
proyecto pueda tener condiciones de inversin sin tener prdidas
se at the end of Chapter 6. For this project, answer the following questions:
25,961,600.00 47,739,910.90 46,617,375.88 125,791,233.04
cepting the project? Assume the replacement market price is constant.
be indifferent to accepting the project?
onsidere relevantes
encuentra entre 19% y 22% con numeros inferiores o superiores, dependiendo el caso el VPN ser negativo
de 3,25% el proyecto refleja un VPN positiva, de la misma manera con tasas inferiores y superiores a la mencio
ta en las condiciones de invertir en la nueva

o con la informacin previa son positivas. El
el VPN tambin esta en cifras positivas; $
tener en cuenta que el precio del mercado
es menor a $36,05. Por otro lado en el
un rango de $22 y $23,31 para que el
das
uestions:
VNA IR
$ 157,596,390.55
ant.
endo el caso el VPN ser negativo

as inferiores y superiores a la mencionada principalmente

GOODWEEK TIRES, INC

aumento cv 1% 4.28%
tasa tributaria 40%
ao1 14.29%
ao2 24.49%
ao3 17.49%
ao4 12.49%
VAN
-
ao0

depreciacion
ingreso total
costo operativo

venta maquinaria
ingreso total
costo operativo
gatos adm y mkt
depreciacion
impuestos
utilidad neta (UN)
depreciacion
inversion (140,000,000.00)
ao1 ao2 ao3 ao4
20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37

20,000,000.00 54,285,714.29 78,775,510.20 96,268,221.57
120,000,000.00 85,714,285.71 61,224,489.80 43,731,778.43
36.05 37.60 39.21 40.89
59.00 61.53 64.16 66.91
2,464,000.00 2,525,600.00 2,588,740.00 2,653,458.50
1,120,000.00 1,142,400.00 1,165,248.00 1,188,552.96
66,080,000.00 70,288,073.52 74,764,123.47 79,525,215.00
88,835,740.57 94,956,134.44 101,498,196.67 108,490,978.37
154,915,740.57 ### ### ###
22.00 22.94 23.92 24.95
78,848,000.00 84,151,806.20 89,812,839.90 95,855,191.49
9,000,000.00 23,237,361.09 24,786,631.19 26,439,348.02

23,237,361.09 24,786,631.19 26,439,348.02
(14,237,361.09) (1,549,270.11) (1,652,716.83) 26,439,348.02
54,000,000.00
4,107,288.63
49,892,711.37
154,915,740.57 165,244,207.96 176,262,320.15 188,016,193.37

78,848,000.00 84,151,806.20 89,812,839.90 95,855,191.49
26,000,000.00 26,845,000.00 27,717,462.50 28,618,280.03
20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37
30,067,740.57 19,961,687.48 34,242,221.83 46,050,010.48
12,027,096.23 7,984,674.99 13,696,888.73 18,420,004.19
18,040,644.34 11,977,012.49 20,545,333.10 27,630,006.29
20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37
49,892,711.37
(14,237,361.09) (1,549,270.11) (1,652,716.83) 26,439,348.02
23,803,283.26 44,713,456.66 43,382,412.19 ###
GOODWEEK TIRES, INC

aumento cv 1% 4.28%
tasa tributaria 40%
ao1 14.29%
ao2 24.49%
ao3 17.49%
ao4 12.49%
VAN
-
ao0

depreciacion
ingreso total
costo operativo

venta maquinaria
ingreso total
costo operativo
gatos adm y mkt
depreciacion
impuestos
utilidad neta (UN)
depreciacion
inversion (140,000,000.00)
ao1 ao2 ao3 ao4
20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37

20,000,000.00 54,285,714.29 78,775,510.20 96,268,221.57
120,000,000.00 85,714,285.71 61,224,489.80 43,731,778.43
38.00 39.63 41.32 43.09
59.00 61.53 64.16 66.91
2,464,000.00 2,525,600.00 2,588,740.00 2,653,458.50
1,120,000.00 1,142,400.00 1,165,248.00 1,188,552.96
66,080,000.00 70,288,073.52 74,764,123.47 79,525,215.00
93,632,000.00 100,082,835.16 106,978,104.64 114,348,428.02
159,712,000.00 ### ### ###
23.31 24.30 25.34 26.43
83,525,982.49 89,144,458.84 95,141,356.69 ###
9,000,000.00 23,956,800.00 25,555,636.30 27,261,334.22

23,956,800.00 25,555,636.30 27,261,334.22
(14,956,800.00) (1,598,836.30) (1,705,697.92) 27,261,334.22
54,000,000.00
4,107,288.63
49,892,711.37
159,712,000.00 170,370,908.68 181,742,228.11 193,873,643.02

83,525,982.49 89,144,458.84 95,141,356.69 101,542,195.69
26,000,000.00 26,845,000.00 27,717,462.50 28,618,280.03
20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37
30,186,017.51 20,095,735.55 34,393,613.01 46,220,455.94
12,074,407.00 8,038,294.22 13,757,445.20 18,488,182.37
18,111,610.51 12,057,441.33 20,636,167.80 27,732,273.56
20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37
49,892,711.37
(14,956,800.00) (1,598,836.30) (1,705,697.92) 27,261,334.22
23,154,810.51 44,744,319.31 43,420,265.81 ###
GOODWEEK TIRES, INC

aumento de precio/ sobre h 1%
aumento cv 1%
tasa tributaria 40%
inflacion anua l 3.25%
tasa de descuento 15.90%
crecimiento produccion OEM 2.50%
ao1 14.29%
ao2 24.49%
ao3 17.49%
ao4 12.49%
Relacin tasa de descuento y VPN

ao0

depreciacion
ingreso total
costo operativo

venta maquinaria
ingreso total
costo operativo
gatos adm y mkt
depreciacion
impuestos
utilidad neta (UN)
depreciacion
inversion (140,000,000.00)
flujo de efectivo operacional (FEO) (149,000,000.00)
VPN
8,534,155.61
TASA DESCUENCO VPN
$ 8,534,155.61
8%
9%
10%
12%
13%
14%
15.90%
16%
17%
18%
19%
20%
21%
22%
ao1 ao2 ao3 ao4
20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37

20,000,000.00 54,285,714.29 78,775,510.20 96,268,221.57
120,000,000.00 85,714,285.71 61,224,489.80 43,731,778.43
38.00 39.62 41.30 43.05
59.00 61.51 64.12 66.85
2,464,000.00 2,525,600.00 2,588,740.00 2,653,458.50
1,120,000.00 1,142,400.00 1,165,248.00 1,188,552.96
66,080,000.00 70,266,168.00 74,717,529.74 79,450,885.25
93,632,000.00 100,051,644.00 106,911,434.84 114,241,550.09
159,712,000.00 170,317,812.00 ### ###
22.00 22.94 23.91 24.93
78,848,000.00 84,125,580.00 89,756,867.66 95,765,598.61
9,000,000.00 23,956,800.00 25,547,671.80 27,244,344.69

23,956,800.00 25,547,671.80 27,244,344.69
(14,956,800.00) (1,590,871.80) (1,696,672.89) 27,244,344.69
54,000,000.00
4,107,288.63
49,892,711.37
159,712,000.00 170,317,812.00 181,628,964.58 193,692,435.35

78,848,000.00 84,125,580.00 89,756,867.66 95,765,598.61
26,000,000.00 26,845,000.00 27,717,462.50 28,618,280.03
20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37
34,864,000.00 25,061,517.71 39,664,838.51 51,815,845.33
13,945,600.00 10,024,607.09 15,865,935.40 20,726,338.13
20,918,400.00 15,036,910.63 23,798,903.10 31,089,507.20
20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37
49,892,711.37
(14,956,800.00) (1,590,871.80) (1,696,672.89) 27,244,344.69
25,961,600.00 47,731,753.11 46,592,026.14 ###
GOODWEEK TIRES, INC

aumento de precio/ sobre h 1%
aumento cv 1%
tasa tributaria 40%
crecimiento produccion OEM 2.50%
ao1 14.29%
ao2 24.49%
ao3 17.49%
ao4 12.49%
ao0

depreciacion
ingreso total
costo operativo

venta maquinaria
ingreso total
costo operativo
gatos adm y mkt
depreciacion
impuestos
utilidad neta (UN)
depreciacion
inversion (140,000,000.00)
VPN 8,534,155.61
TASA INFLACION VPN

$ 8,534,155.61
1.5%
2%
3.25%
5%
10%
12%
ao1 ao2 ao3 ao4
20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37

20,000,000.00 54,285,714.29 78,775,510.20 96,268,221.57
120,000,000.00 85,714,285.71 61,224,489.80 43,731,778.43
38.00 39.62 41.30 43.05
59.00 61.51 64.12 66.85
2,464,000.00 2,525,600.00 2,588,740.00 2,653,458.50
1,120,000.00 1,142,400.00 1,165,248.00 1,188,552.96
66,080,000.00 70,266,168.00 74,717,529.74 79,450,885.25
93,632,000.00 100,051,644.00 106,911,434.84 114,241,550.09
159,712,000.00 ### ### ###
22.00 22.94 23.91 24.93
78,848,000.00 84,125,580.00 89,756,867.66 95,765,598.61
9,000,000.00 23,956,800.00 25,547,671.80 27,244,344.69

23,956,800.00 25,547,671.80 27,244,344.69
(14,956,800.00) (1,590,871.80) (1,696,672.89) 27,244,344.69
54,000,000.00
4,107,288.63
49,892,711.37
159,712,000.00 170,317,812.00 181,628,964.58 193,692,435.35

78,848,000.00 84,125,580.00 89,756,867.66 95,765,598.61
26,000,000.00 26,845,000.00 27,717,462.50 28,618,280.03
20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37
34,864,000.00 25,061,517.71 39,664,838.51 51,815,845.33
13,945,600.00 10,024,607.09 15,865,935.40 20,726,338.13
20,918,400.00 15,036,910.63 23,798,903.10 31,089,507.20
20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37
49,892,711.37
(14,956,800.00) (1,590,871.80) (1,696,672.89) 27,244,344.69
25,961,600.00 47,731,753.11 46,592,026.14 ###

Minicaso GoodweekTires

Transféré par

Informations du document

Description originale:

Copyright

Formats disponibles

Partager ce document

Partager ou intégrer le document

Options de partage

Avez-vous trouvé ce document utile ?

Ce contenu est-il inapproprié ?

Droits d'auteur :

Formats disponibles

Minicaso GoodweekTires

Transféré par

Droits d'auteur :

Formats disponibles

GOODWEEK TIRES, INC

inversin equipo 140,000,000.00

inversin equipo (140,000,000.00)

capital de trabajo neto inicial

20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37

9,000,000.00 23,956,800.00 25,555,636.30 27,261,334.22

159,712,000.00 170,370,908.68 181,742,228.11 193,873,643.02

1. What is the profitability index of the project?

2. What is the IRR of the project?

3. What is the NPV of the project?

precio unitario OEM 36.07

precio unitario OEM 36.05

6.Realice el anlisis de sensibilidad de todas las variables que considere relevantes

El proyecto tendra un VPN positivo si la tasa de descuentro se encuentra entre 19% y 22

25,961,600.00 47,739,910.90 46,617,375.88 125,791,233.04

cepting the project? Assume the replacement market price is constant.

be indifferent to accepting the project?

ta en las condiciones de invertir en la nueva

endo el caso el VPN ser negativo

inversin equipo 140,000,000.00

inversin equipo (140,000,000.00)

capital de trabajo neto inicial

20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37

9,000,000.00 23,237,361.09 24,786,631.19 26,439,348.02

154,915,740.57 165,244,207.96 176,262,320.15 188,016,193.37

inversin equipo 140,000,000.00

inversin equipo (140,000,000.00)

capital de trabajo neto inicial

20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37

9,000,000.00 23,956,800.00 25,555,636.30 27,261,334.22

159,712,000.00 170,370,908.68 181,742,228.11 193,873,643.02

inversin equipo 140,000,000.00

Relacin tasa de descuento y VPN

inversin equipo (140,000,000.00)

capital de trabajo neto inicial

20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37

9,000,000.00 23,956,800.00 25,547,671.80 27,244,344.69

159,712,000.00 170,317,812.00 181,628,964.58 193,692,435.35

inversin equipo 140,000,000.00

inversin equipo (140,000,000.00)

capital de trabajo neto inicial

TASA INFLACION VPN

20,000,000.00 34,285,714.29 24,489,795.92 17,492,711.37

9,000,000.00 23,956,800.00 25,547,671.80 27,244,344.69

159,712,000.00 170,317,812.00 181,628,964.58 193,692,435.35

Vous aimerez peut-être aussi