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PROJET A 0 1 2 3

EQUIP 1,800,000
BFR 112,500 118,125 123,750
VAR BFR 112,500 5,625 5,625 5,625
TOTAL DEPENSES 1,912,500 5,625 5,625 5,625
CA 1,350,000 1,417,500 1,485,000
CH VAR 570,000 598,500 627,000
CH FIX H AMORT 10,000 10,500 11,025
DOT AMORT 360,000 360,000 360,000
RES AV IMPOT 410,000 448,500 486,975
RES NET 287,000 313,950 340,883
CFN 647,000 673,950 700,883
PCNI
RECUP BFR
TOTAL RECETTES 647,000 673,950 700,883
FNT - 1,912,500 641,375 668,325 695,258
FNT ACT - 1,912,500 577,815 542,428 508,366
FNT ACT CUMUL - 1,912,500 - 1,334,685 - 792,257 - 283,891

Projet A
VAN 782,910
IP 1.41
TRI 25.16%
PAY-back 3ans, 7 mois
3jours
4 5

129,375 129,375
-
- -
1,552,500 1,552,500
655,500 655,500
11,576 12,155
360,000 360,000
525,424 524,845
367,797 367,391
727,797 727,391
133,000
129,375
727,797 989,766
727,797 989,766
479,422 587,378 782,910
195,531 782,910

0.592152058
213.1747407
PROJET B 0 1 2 3
EQUIP 1,650,000
BFR 112,500 118,125 123,750
VAR BFR 112,500 5,625 5,625 5,625
TOTAL DEPENSES 1,762,500 5,625 5,625 5,625
CA 1,350,000 1,417,500 1,485,000
CH VAR 570,000 598,500 627,000
CH FIX H AMORT 15,000 16,500 18,150
DOT AMORT 330,000 330,000 330,000
RES AV IMPOT 435,000 472,500 509,850
RES NET 304,500 330,750 356,895
CFN 634,500 660,750 686,895
PCNI
RECUP BFR
TOTAL RECETTES 634,500 660,750 686,895
FNT - 1,762,500 628,875 655,125 681,270
FNT ACT - 1,762,500 566,554 531,714 498,139
FNT ACT CUMUL - 1,762,500 - 1,195,946 - 664,232 - 166,093

Projet B Projet A
VAN 802,567 782,910
IP 1.46 1.41
TRI 27.00% 25.16%

PAY-back 3ans, 4mois 7 3ans, 7 mois


JOURS 3jours

FINANCEMENT

M1 CMPC 15%

M2 CMPC 10.84% C DETTE

M3 CMPC 12.55%
0 1
-1500000 449000

a 12.39%

Ratio d'endettement R 1.164


M2

CHOISIR M3
4 5

129,375 129,375
-
- -
1,552,500 1,552,500
655,500 655,500
19,965 21,962
330,000 330,000
547,035 545,039
382,925 381,527
712,925 711,527
-
129,375
712,925 840,902
712,925 840,902
469,625 499,034 802,567
303,532 802,567

0.353671307
127.3216707

9.80%

Flux crédit-bail
2 3 4 5 Hypothèse
449000 449000 449000 264000 Loyers de fin d'année