Costo de capital fuente externa: Crédito FOMDES

Impuesto
N° de periodos (Meses): 60 0.15
Comisión flat: 3% -3,404.02
133,490.99
Periodo Pagos Flujo neto Intereses
0 -3,404.02 130,086.97
1 -2,836.29 -2,669.43 1,112.42
2 -2,836.29 -2,671.58 1,098.06
3 -2,836.29 -2,673.75 1,083.57
4 -2,836.29 -2,675.94 1,068.97
5 -2,836.29 -2,678.15 1,054.24
6 -2,836.29 -2,680.38 1,039.39
7 -2,836.29 -2,682.63 1,024.42
8 -2,836.29 -2,684.89 1,009.32
9 -2,836.29 -2,687.18 994.09
10 -2,836.29 -2,689.48 978.74
11 -2,836.29 -2,691.80 963.26
12 -2,836.29 -2,694.14 947.65
13 -2,836.29 -2,696.50 931.91
14 -2,836.29 -2,698.88 916.04
15 -2,836.29 -2,701.28 900.04
16 -2,836.29 -2,703.70 883.91
17 -2,836.29 -2,706.14 867.64
18 -2,836.29 -2,708.60 851.23
19 -2,836.29 -2,711.09 834.69
20 -2,836.29 -2,713.59 818.01
21 -2,836.29 -2,716.11 801.19
22 -2,836.29 -2,718.65 784.23
23 -2,836.29 -2,721.22 767.13
24 -2,836.29 -2,723.81 749.89
25 -2,836.29 -2,726.41 732.50
26 -2,836.29 -2,729.04 714.97
27 -2,836.29 -2,731.70 697.29
28 -2,836.29 -2,734.37 679.47
29 -2,836.29 -2,737.07 661.49
30 -2,836.29 -2,739.78 643.37
31 -2,836.29 -2,742.52 625.10
32 -2,836.29 -2,745.29 606.67
33 -2,836.29 -2,748.08 588.09
34 -2,836.29 -2,750.89 569.35
35 -2,836.29 -2,753.72 550.46
36 -2,836.29 -2,756.58 531.41
37 -2,836.29 -2,759.46 512.21
38 -2,836.29 -2,762.36 492.84
39 -2,836.29 -2,765.29 473.31
40 -2,836.29 -2,768.25 453.62
41 -2,836.29 -2,771.22 433.76
42 -2,836.29 -2,774.23 413.74
43 -2,836.29 -2,777.26 393.55
44 -2,836.29 -2,780.31 373.20
45 -2,836.29 -2,783.39 352.67
46 -2,836.29 -2,786.49 331.98
47 -2,836.29 -2,789.62 311.11
48 -2,836.29 -2,792.78 290.06
49 -2,836.29 -2,795.96 268.84
50 -2,836.29 -2,799.17 247.45
51 -2,836.29 -2,802.41 225.88
52 -2,836.29 -2,805.67 204.12
53 -2,836.29 -2,808.96 182.19
54 -2,836.29 -2,812.28 160.07
55 -2,836.29 -2,815.62 137.77
56 -2,836.29 -2,819.00 115.28
57 -2,836.29 -2,822.40 92.61
58 -2,836.29 -2,825.83 69.74
59 -2,836.29 -2,829.29 46.69
60 -2,836.29 -2,832.77 23.44
 𝑗
𝐼𝑛𝑡ሺ1 − 𝑇ሻ+ 𝐼𝑜/𝑛
𝐼𝑜 − 𝐺𝑡𝑐ሺ1 − 𝑇ሻ= ෍
(1 − 𝐶𝐶)𝑛
𝑇=1
Amortizacion
Costo de capital 0.00799485085
1,723.86
1,738.23 Tasa anual equivalente 10.0271245533
1,752.71
1,767.32
1,782.05
1,796.90
1,811.87
1,826.97
1,842.20
1,857.55
1,873.03
1,888.64
1,904.38
1,920.25
1,936.25
1,952.38
1,968.65
1,985.06
2,001.60
2,018.28
2,035.10
2,052.06
2,069.16
2,086.40
2,103.79
2,121.32
2,139.00
2,156.82
2,174.80
2,192.92
2,211.19
2,229.62
2,248.20
2,266.94
2,285.83
2,304.88
2,324.08
2,343.45
2,362.98
2,382.67
2,402.53
2,422.55
2,442.73
2,463.09
2,483.62
2,504.31
2,525.18
2,546.23
2,567.44
2,588.84
2,610.41
2,632.17
2,654.10
2,676.22
2,698.52
2,721.01
2,743.68
2,766.55
2,789.60
2,812.85
 COSTO DE CAPITAL DE LAS ACCIONES COMUNES

D Dividendos 43,926.21 K= 0.1535881

IB Captación bruta 286,000.00
GE Gastos incurridos en la colocación 0
t tasa impositiva 0.15

COSTO PROMEDIO PONDERADO DE CAPITAL

P Pasivos 133,490.99 Ko= 0.1072573

KD Costo del pasivo 0.0079948509
C Capital 286,000.00
Ke Costo de capital de las acciones 0.1535881