PROJET A

0 1 2 3 4
DEPENSES
MATERIEL 1,800,000
bfr 112,500 118,125 123,750 129,375
VAR BFR 112,500 5,625 5,625 5,625 -
TOTAL DEPENSES 1,912,500 5,625 5,625 5,625 -
RECETTES
CA 1,350,000 1,417,500 1,485,000 1,552,500
charges d'exploitation 570,000 598,500 627,000 655,500
Charges d'entretien 70,000 73,500 77,175 81,034
Dot amort 360,000 360,000 360,000 360,000
RES AV IMPOT 350,000 385,500 420,825 455,966
RES NET 245,000 269,850 294,578 319,176
CFN 605,000 629,850 654,578 679,176
PCNI
RECUP BFR
TOTAL RECETTES 605,000 629,850 654,578 679,176
FNT - 1,912,500 599,375 624,225 648,953 679,176
FNT ACT - 1,912,500 539,977 506,635 474,508 447,395
FNT ACT CUM CROISS - 1,912,500 - 1,372,523 - 865,888 - 391,379 56,015

PROJETA
VAN 613,097
IP 1.32
TRI 22.22%
PAY-BACK 3 ANS, 10 MOIS 15 JOURS 315
 5

129,375

1,552,500
655,500
85,085
360,000
451,915
316,340
676,340
133,000
129,375
938,715
938,715
557,082
613,097
PROJET B
0 1 2 3 4
DEPENSES
MATERIEL 1,650,000
bfr 112,500 118,125 123,750 129,375
VAR BFR 112,500 5,625 5,625 5,625 -
TOTAL DEPENSES 1,762,500 5,625 5,625 5,625 -
RECETTES
CA 1,350,000 1,417,500 1,485,000 1,552,500
charges d'exploitation 570,000 598,500 627,000 655,500
Charges d'entretien 55,000 60,500 66,550 73,205
Dot amort 330,000 330,000 330,000 330,000
RES AV IMPOT 395,000 428,500 461,450 493,795
RES NET 276,500 299,950 323,015 345,657
CFN 606,500 629,950 653,015 675,657
PCNI
RECUP BFR
TOTAL RECETTES 606,500 629,950 653,015 675,657
FNT - 1,762,500 600,875 624,325 647,390 675,657
FNT ACT - 1,762,500 541,329 506,716 473,366 445,076
FNT ACT CUM CROISS - 1,762,500 - 1,221,171 - 714,455 - 241,089 203,987

PROJETB PROJET A CMPC1

VAN 732,697 613,097 CMPC2
IP 1.42 1.32 CMPC3
TRI 25.47% 22.22%
PAY-BACK 3 ANS, 6MOIS 1 3 ANS, 10 MOIS 195

IMMOB CAUTION LOYER ECO FISC/LOY

0 1650000 150000 500000
1 500000 150000
2 500000 150000
3 500000 150000
4 500000 150000
5 185000 150000

Coût actuariel 23.94%

23.37%
 5

129,375

1,552,500
655,500
80,526
330,000
486,475
340,532
670,532
91,000
129,375
890,907
890,907
528,710
732,697

15.00% avant après

10.84% Mais DLMT/CP 0.7306 1.1645
23.37%

PERTE ECO/DODECAISS
-1000000
99000 449000
99000 449000
99000 449000
99000 449000
99000 -236000