Cálculo del Valor Presente, Valor Presente Neto y la TIR

Año Flujo de Efectivo Valor Presente Tasa de interes 9%

0 -PEN 100,000.00 -PEN 100,000.00
1 25000 R$ 22,935.78
2 25000 R$ 21,042.00
3 25000 R$ 19,304.59
4 25000 R$ 17,710.63
5 25000 R$ 16,248.28

Valor Presente Neto (VPN) -PEN 2,758.72

-PEN 2,758.72
Tasa Interna de Retorno (TIR) 7.9308%
 DATOS VALORES
Número de periodos 8
Tipo de periodo anual
Tasa de desucento 10%

periodos anuales
DETALLE
0 1 2 3 4
Flujo neto de efectivo proyectado S/. -800,000.00 S/. 82,844.00 S/. 200,334.50 S/. 261,444.50 S/. 326,267.60
s anuales
5 6 7 8
S/. 391,943.60 S/. 387,119.90 S/. 316,585.70 S/. 375,554.00
 DATOS
Número de periodos
Tipo de periodo
Tasa de descuento (i)

periodos anuale
DETALLE
0 1 2 3
Flujo neto de efectivo de caja proyectado S/. -800,000.00 S/. 82,844.00 S/. 200,334.50 S/. 261,444.50

Tabla. Valor Actual Neto

Número FNE (1 + i ) ^ n FNE / (1 + i ) ^ n

0 S/. -800,000.00
1 S/. 82,844.00
2 S/. 200,334.50
3 S/. 261,444.50
4 S/. 326,267.60
5 S/. 391,943.60
6 S/. 387,119.90
7 S/. 316,585.70
8 S/. 375,554.00
TOTAL
 VALORES
8
anual
10%

periodos anuales
4 5 6 7 8
S/. 326,267.60 S/. 391,943.60 S/. 387,119.90 S/. 316,585.70 S/. 375,554.00
 DATOS
Número de periodos
Tipo de periodo
Tasa de descuento

periodos anuale
DETALLE
0 1 2 3
Flujo neto de efectivo de caja proyectado S/. -800,000.00 S/. 82,844.00 S/. 200,334.50 S/. 261,444.50

Tabla. Valor Actual Neto

Número FNE (1 + i ) ^ n FNE / (1 + i ) ^ n

0 S/. -800,000.00
1 S/. 82,844.00 1.10
2 S/. 200,334.50
3 S/. 261,444.50
4 S/. 326,267.60
5 S/. 391,943.60
6 S/. 387,119.90
7 S/. 316,585.70
8 S/. 375,554.00
TOTAL
 VALORES
8
anual
10%

periodos anuales
4 5 6 7 8
S/. 326,267.60 S/. 391,943.60 S/. 387,119.90 S/. 316,585.70 S/. 375,554.00
 DATOS
Número de periodos
Tipo de periodo
Tasa de descuento

periodos anuale
DETALLE
0 1 2 3
Flujo neto de efectivo de caja proyectado S/. -800,000.00 S/. 82,844.00 S/. 200,334.50 S/. 261,444.50

Tabla. Valor Actual Neto

Número FNE (1 + i ) ^ n FNE / (1 + i ) ^ n

0 S/. -800,000.00 S/. -800,000.00
1 S/. 82,844.00 1.10 S/. 75,312.73
2 S/. 200,334.50 1.21 S/. 165,565.70
3 S/. 261,444.50 1.33 S/. 196,427.12
4 S/. 326,267.60 1.46 S/. 222,845.16
5 S/. 391,943.60 1.61 S/. 243,366.14
6 S/. 387,119.90 1.77 S/. 218,519.09
7 S/. 316,585.70 1.95 S/. 162,458.52
8 S/. 375,554.00 2.14 S/. 175,198.71
TOTAL
 VALORES
8
anual
10%

periodos anuales
4 5 6 7 8
S/. 326,267.60 S/. 391,943.60 S/. 387,119.90 S/. 316,585.70 S/. 375,554.00
 DATOS
Número de periodos
Tipo de periodo
Tasa de descuento

periodos anuale
DETALLE
0 1 2 3
Flujo neto de efectivo de caja proyectado S/. -800,000.00 S/. 82,844.00 S/. 200,334.50 S/. 261,444.50

Tabla. Valor Actual Neto

Número FNE (1 + i ) ^ n FNE / (1 + i ) ^ n

0 S/. -800,000.00 S/. -800,000.00
1 S/. 82,844.00 1.10 S/. 75,312.73
2 S/. 200,334.50 1.21 S/. 165,565.70
3 S/. 261,444.50 1.33 S/. 196,427.12
4 S/. 326,267.60 1.46 S/. 222,845.16
5 S/. 391,943.60 1.61 S/. 243,366.14
6 S/. 387,119.90 1.77 S/. 218,519.09
7 S/. 316,585.70 1.95 S/. 162,458.52
8 S/. 375,554.00 2.14 S/. 175,198.71
TOTAL S/. 659,693.18
 VALORES
8
anual
10%

periodos anuales
4 5 6 7 8
S/. 326,267.60 S/. 391,943.60 S/. 387,119.90 S/. 316,585.70 S/. 375,554.00
 DATOS
Número de periodos
Tipo de periodo
Tasa de descuento

periodos anuale
DETALLE
0 1 2 3
Flujo neto de efectivo de caja proyectado S/. -800,000.00 S/. 82,844.00 S/. 200,334.50 S/. 261,444.50

Tabla. Valor Actual Neto

Número FNE (1 + i ) ^ n FNE / (1 + i ) ^ n

0 S/. -800,000.00 S/. -800,000.00
1 S/. 82,844.00 1.10 S/. 75,312.73
2 S/. 200,334.50 1.21 S/. 165,565.70
3 S/. 261,444.50 1.33 S/. 196,427.12
4 S/. 326,267.60 1.46 S/. 222,845.16
5 S/. 391,943.60 1.61 S/. 243,366.14
6 S/. 387,119.90 1.77 S/. 218,519.09
7 S/. 316,585.70 1.95 S/. 162,458.52
8 S/. 375,554.00 2.14 S/. 175,198.71
TOTAL S/. 659,693.18

VAN S/. 1,459,693.18

VAN S/. 659,693.18

 VALORES
8
anual
10%

periodos anuales
4 5 6 7 8
S/. 326,267.60 S/. 391,943.60 S/. 387,119.90 S/. 316,585.70 S/. 375,554.00
 DATOS
Número de periodos
Tipo de periodo
Tasa de descuento

periodos
DETALLE
0 1 2 3
Flujo neto de efectivo de caja proyectado S/. -800,000.00 S/. 82,844.00 S/. 200,334.50 S/. 261,444.50

Tabla. Valor Actual Neto

Número FNE (1 + i ) ^ n FNE / (1 + i ) ^ n

0 S/. -800,000.00 S/. -800,000.00
1 S/. 82,844.00 1.10 S/. 75,312.73
2 S/. 200,334.50 1.21 S/. 165,565.70
3 S/. 261,444.50 1.33 S/. 196,427.12
4 S/. 326,267.60 1.46 S/. 222,845.16
5 S/. 391,943.60 1.61 S/. 243,366.14
6 S/. 387,119.90 1.77 S/. 218,519.09
7 S/. 316,585.70 1.95 S/. 162,458.52
8 S/. 375,554.00 2.14 S/. 175,198.71
TOTAL S/. 659,693.18

VAN S/. 1,459,693.18

VAN S/. 659,693.18

 VALORES
8
anual
10%

periodos anuales
4 5 6 7 8
S/. 326,267.60 S/. 391,943.60 S/. 387,119.90 S/. 316,585.70 S/. 375,554.00

Tasa interna de retorno TIR

Tasa de descuento VAN

0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
60%
 DATOS
Número de periodos
Tipo de periodo
Tasa de descuento

periodo
DETALLE
0 1 2 3
Flujo neto de efectivo de caja proyectado S/. -800,000.00 S/. 82,844.00 S/. 200,334.50 S/. 261,444.50

Tabla. Valor Actual Neto

Número FNE (1 + i ) ^ n FNE / (1 + i ) ^ n

0 S/. -800,000.00 S/. -800,000.00
1 S/. 82,844.00 1.10 S/. 75,312.73
2 S/. 200,334.50 1.21 S/. 165,565.70
3 S/. 261,444.50 1.33 S/. 196,427.12
4 S/. 326,267.60 1.46 S/. 222,845.16
5 S/. 391,943.60 1.61 S/. 243,366.14
6 S/. 387,119.90 1.77 S/. 218,519.09
7 S/. 316,585.70 1.95 S/. 162,458.52
8 S/. 375,554.00 2.14 S/. 175,198.71
TOTAL S/. 659,693.18

VAN S/. 1,459,693.18

VAN S/. 659,693.18

 VALORES
8
anual
10%

periodos anuales
4 5 6 7 8
S/. 326,267.60 S/. 391,943.60 S/. 387,119.90 S/. 316,585.70 S/. 375,554.00

Tasa interna de retorno TIR

Tasa de descuento VAN

0% S/. 2,342,093.80
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
60%
 DATOS
Número de periodos
Tipo de periodo
Tasa de descuento

periodo
DETALLE
0 1 2 3
Flujo neto de efectivo de caja proyectado S/. -800,000.00 S/. 82,844.00 S/. 200,334.50 S/. 261,444.50

Tabla. Valor Actual Neto

Número FNE (1 + i ) ^ n FNE / (1 + i ) ^ n

0 S/. -800,000.00 S/. -800,000.00
1 S/. 82,844.00 1.10 S/. 75,312.73
2 S/. 200,334.50 1.21 S/. 165,565.70
3 S/. 261,444.50 1.33 S/. 196,427.12
4 S/. 326,267.60 1.46 S/. 222,845.16
5 S/. 391,943.60 1.61 S/. 243,366.14
6 S/. 387,119.90 1.77 S/. 218,519.09
7 S/. 316,585.70 1.95 S/. 162,458.52
8 S/. 375,554.00 2.14 S/. 175,198.71
TOTAL S/. 659,693.18

VAN S/. 1,459,693.18

VAN S/. 659,693.18

 VALORES
8
anual
10%

periodos anuales
4 5 6 7 8
S/. 326,267.60 S/. 391,943.60 S/. 387,119.90 S/. 316,585.70 S/. 375,554.00

Tasa interna de retorno TIR

Tasa de descuento VAN

0% S/. 1,542,093.80
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
60%
 DATOS
Número de periodos
Tipo de periodo
Tasa de descuento

periodo
DETALLE
0 1 2 3
Flujo neto de efectivo de caja proyectado S/. -800,000.00 S/. 82,844.00 S/. 200,334.50 S/. 261,444.50

Tabla. Valor Actual Neto

Número FNE (1 + i ) ^ n FNE / (1 + i ) ^ n

0 S/. -800,000.00 S/. -800,000.00
1 S/. 82,844.00 1.10 S/. 75,312.73
2 S/. 200,334.50 1.21 S/. 165,565.70
3 S/. 261,444.50 1.33 S/. 196,427.12
4 S/. 326,267.60 1.46 S/. 222,845.16
5 S/. 391,943.60 1.61 S/. 243,366.14
6 S/. 387,119.90 1.77 S/. 218,519.09
7 S/. 316,585.70 1.95 S/. 162,458.52
8 S/. 375,554.00 2.14 S/. 175,198.71
TOTAL S/. 659,693.18

VAN S/. 1,459,693.18

VAN S/. 659,693.18

 VALORES
8
anual
10%

periodos anuales
4 5 6 7 8
S/. 326,267.60 S/. 391,943.60 S/. 387,119.90 S/. 316,585.70 S/. 375,554.00

Tasa interna de retorno TIR

Tasa de descuento VAN

0% S/. 1,542,093.80
5% S/. 1,030,029.27
10% S/. 659,693.18
15% S/. 385,981.90
20% S/. 179,654.43
25% S/. 21,301.65
30% S/. -102,240.78
35% S/. -200,080.67
40% S/. -278,635.75
45% S/. -342,505.37
50% S/. -395,037.79
55% S/. -438,706.26
60% S/. -475,362.54
 DATOS
Número de periodos
Tipo de periodo
Tasa de descuento

periodo
DETALLE
0 1 2 3
Flujo neto de efectivo de caja proyectado S/. -800,000.00 S/. 82,844.00 S/. 200,334.50 S/. 261,444.50

Tabla. Valor Actual Neto

Número FNE (1 + i ) ^ n FNE / (1 + i ) ^ n

0 S/. -800,000.00 S/. -800,000.00
1 S/. 82,844.00 1.10 S/. 75,312.73
2 S/. 200,334.50 1.21 S/. 165,565.70
3 S/. 261,444.50 1.33 S/. 196,427.12
4 S/. 326,267.60 1.46 S/. 222,845.16
5 S/. 391,943.60 1.61 S/. 243,366.14
6 S/. 387,119.90 1.77 S/. 218,519.09
7 S/. 316,585.70 1.95 S/. 162,458.52
8 S/. 375,554.00 2.14 S/. 175,198.71
TOTAL S/. 659,693.18

VAN S/. 1,459,693.18

VAN S/. 659,693.18

 VALORES
8
anual
10%

periodos anuales
4 5 6 7 8
S/. 326,267.60 S/. 391,943.60 S/. 387,119.90 S/. 316,585.70 S/. 375,554.00

Tasa interna de retorno TIR

Tasa de descuento VAN

TASA INTE
0% S/. 1,542,093.80
5% S/. 1,030,029.27 VA
10% S/. 659,693.18 S/. 1,500,000.00
15% S/. 385,981.90
S/. 1,250,000.00
20% S/. 179,654.43
S/. 1,000,000.00
25% S/. 21,301.65
30% S/. -102,240.78 S/. 750,000.00
35% S/. -200,080.67 S/. 500,000.00
40% S/. -278,635.75 S/. 250,000.00
45% S/. -342,505.37 S/. 0.00
50% S/. -395,037.79 0% 5% 10% 15% 20%
S/. -250,000.00
55% S/. -438,706.26
60% S/. -475,362.54 S/. -500,000.00
 TASA INTERNA DE RETORNO
VAN Tasa de descuento

10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60%
 DATOS
Número de periodos
Tipo de periodo
Tasa de descuento

periodo
DETALLE
0 1 2 3
Flujo neto de efectivo de caja proyectado S/. -500,000.00 S/. 50,600.00 S/. 70,000.00 S/. 90,700.00

Tabla. Valor Actual Neto

Número FNE (1 + i ) ^ n FNE / (1 + i ) ^ n

0 S/. -500,000.00 S/. -500,000.00
1 S/. 50,600.00 1.06 S/. 47,735.85
2 S/. 70,000.00 1.12 S/. 62,299.75
3 S/. 90,700.00 1.19 S/. 76,153.47
4 S/. 135,850.00 1.26 S/. 107,605.92
5 S/. 148,000.00 1.34 S/. 110,594.21
6 S/. 170,000.00 1.42 S/. 119,843.29
7 S/. 210,550.00 1.50 S/. 140,027.78
8 S/. 220,500.00 1.59 S/. 138,344.43
TOTAL S/. 302,604.70

VAN S/. 802,604.70

VAN S/. 302,604.70

 VALORES
5
anual
6%

periodos anuales
4 5 6 7 8
S/. 135,850.00 S/. 148,000.00 S/. 170,000.00 S/. 210,550.00 S/. 220,500.00

Tasa interna de retorno TIR

Tasa de descuento VAN

TASA INTERNA DE RET
0% S/. 596,200.00
800000
5% S/. 343,492.26
10% S/. 163,550.11 600000

15% S/. 32,552.69 400000

20% S/. -64,767.28 200000
25% S/. -138,427.02
0
30% S/. -195,142.16 0% 5% 10% 15% 20% 25% 30% 35
35% S/. -239,505.23 -200000
40% S/. -274,715.12 -400000
45% S/. -303,038.26 TA
-600000
50% S/. -326,106.08
55% S/. -345,110.40
60% S/. -360,933.95
ERNA DE RETORNO

0% 25% 30% 35% 40% 45% 50% 55% 60%

TASA DE DESCUENTO
 DATOS
Número de periodos
Tipo de periodo
Tasa de descuento

periodo
DETALLE
0 1 2 3
Flujo neto de efectivo de caja proyectado S/. -800,000.00 S/. 82,844.00 S/. 200,334.50 S/. 261,444.50

Tabla. Valor Actual Neto

Número FNE (1 + i ) ^ n FNE / (1 + i ) ^ n

0 S/. -800,000.00 S/. -800,000.00
1 S/. 82,844.00 1.10 S/. 75,312.73
2 S/. 200,334.50 1.21 S/. 165,565.70
3 S/. 261,444.50 1.33 S/. 196,427.12
4 S/. 326,267.60 1.46 S/. 222,845.16
5 S/. 391,943.60 1.61 S/. 243,366.14
6 S/. 57,119.90 1.77 S/. 32,242.69
7 S/. 316,585.70 1.95 S/. 162,458.52
8 S/. 375,554.00 2.14 S/. 175,198.71
TOTAL S/. 473,416.78

VAN S/. 1,273,416.78

VAN S/. 473,416.78

 VALORES
8
anual
10%

periodos anuales
4 5 6 7 8
S/. 326,267.60 S/. 391,943.60 S/. 57,119.90 S/. 316,585.70 S/. 375,554.00

Tasa interna de retorno TIR

Tasa de descuento VAN

TASA INTE
0% S/. 1,212,093.80
5% S/. 783,778.19 VA
10% S/. 473,416.78 S/. 1,500,000.00
15% S/. 243,313.79
S/. 1,250,000.00
20% S/. 69,138.10
S/. 1,000,000.00
25% S/. -65,205.87
30% S/. -170,608.93 S/. 750,000.00
35% S/. -254,595.08 S/. 500,000.00
40% S/. -322,463.15 S/. 250,000.00
45% S/. -378,011.71 S/. 0.00
50% S/. -424,008.99 0% 5% 10% 15% 20%
S/. -250,000.00
55% S/. -462,503.35
60% S/. -495,032.08 S/. -500,000.00

TIR 22.4%

Conclusión Un proyecto no puede tener la tasa de retorno superior al 25,78 % por el hecho qu
Para que la inversión se a viable, solamente se puede aceptar proyectos con la tasa
 TASA INTERNA DE RETORNO
VAN Tasa de descuento

10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60%

% por el hecho que al serlo el VAN sería negativo por lo tanto la inversión no sería viable
oyectos con la tasa inferior al 25,8%
 DATOS
Número de periodos
Tipo de periodo
Tasa de descuento

periodo
DETALLE
0 1 2 3
Flujo neto de efectivo de caja proyectado S/. -800,000.00 S/. 82,844.00 S/. 200,334.50 S/. 261,444.50

Tabla. Valor Actual Neto

Número FNE (1 + i ) ^ n FNE / (1 + i ) ^ n

0 S/. -800,000.00 S/. -800,000.00
1 S/. 82,844.00 1.26 S/. 65,864.06
2 S/. 200,334.50 1.58 S/. 126,628.26
3 S/. 261,444.50 1.99 S/. 131,383.81
4 S/. 326,267.60 2.50 S/. 130,353.81
5 S/. 391,943.60 3.15 S/. 124,497.55
6 S/. 387,119.90 3.96 S/. 97,762.02
7 S/. 316,585.70 4.98 S/. 63,562.86
8 S/. 375,554.00 6.26 S/. 59,947.62
TOTAL S/. -0.01

VAN S/. 799,999.99

VAN S/. -0.01

 VALORES
8
anual
26%

periodos anuales
4 5 6 7 8
S/. 326,267.60 S/. 391,943.60 S/. 387,119.90 S/. 316,585.70 S/. 375,554.00

Tasa interna de retorno TIR

Tasa de descuento VAN

TASA INTE
0% S/. 1,542,093.80
5% S/. 1,030,029.27 VA
10% S/. 659,693.18 S/. 1,500,000.00
15% S/. 385,981.90
S/. 1,250,000.00
20% S/. 179,654.43
S/. 1,000,000.00
25% S/. 21,301.65
30% S/. -102,240.78 S/. 750,000.00
35% S/. -200,080.67 S/. 500,000.00
40% S/. -278,635.75 S/. 250,000.00
45% S/. -342,505.37 S/. 0.00
50% S/. -395,037.79 0% 5% 10% 15% 20%
S/. -250,000.00
55% S/. -438,706.26
60% S/. -475,362.54 S/. -500,000.00

TIR 25.780279%

Conclusión Un proyecto no puede tener la tasa de retorno superior al 25,78 % por el hecho qu
Para que la inversión se a viable, solamente se puede aceptar proyectos con la tasa
 TASA INTERNA DE RETORNO
VAN Tasa de descuento

10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60%

% por el hecho que al serlo el VAN sería negativo por lo tanto la inversión no sería viable
oyectos con la tasa inferior al 25,8%