r*= 57.

84% NACB
ia*= 2.410% BA
i*= 2.470% BIMENSUAL=2VECES EN EL MES
5% MENSUAL
10% BIMESTRAL
INVERSION
1.50% INGRESOS MENSUALES DC
4% INGRESOS SEMESTRALES DL
-$ 1,200,000.00 ARRIENDO BIMESTRAL
-$ 90,000.00 SERVIVIOS PUBLICOS
-$ 350,000.00 APP MOVIL
15% Trabajadores
5% Mantenimiento de la flota veicular
$ 12,000,000.00 Perpetuidad
FCL
PRESENTE DE LA PERPETUIDAD
FCL MODIFICADO
VPN=
VAN=
VFN=
Rb-c=
TIR=

Tiempo de recuperación
 0 1 2 3

-$ 200,000,000.00
$10,500,000.00 $10,657,500.00 $10,817,362.50

-$8,000,000.00
-$700,000.00

-$5,000,000.00 -$5,000,000.00 -$5,000,000.00

-$ 200,000,000.00 $ 5,500,000.00 -$ 2,342,500.00 $ 5,117,362.50

-$ 200,000,000.00 $ 5,500,000.00 -$ 2,342,500.00 $ 5,117,362.50

$ 28,360,631.31 FACTIBLE
$ 1,568,865.62 FACTIBLE
$ 294,986,574.533 FACTIBLE
$ 1.14 FACTIBLE
5.647% FACTIBLE

0 1 2 3
-$ 200,000,000.00 $ 5,500,000.00 -$ 2,342,500.00 $ 5,117,362.50

-$ 210,000,000.014 -$ 215,185,966.106 -$ 220,500,000.029

-$ 200,000,000.00 -$ 210,000,000.01 -$ 215,185,966.11 -$ 220,500,000.03
 4 5 6 7

$10,979,622.94 $11,144,317.28 $11,311,482.04 $11,481,154.27

$75,000,000.00
-$8,000,000.00 -$8,000,000.00
-$790,000.00

-$5,000,000.00 -$5,000,000.00 -$5,000,000.00 -$5,000,000.00

-$ 20,000,000.00

-$ 2,020,377.06 $ 6,144,317.28 $ 52,521,482.04 $ 6,481,154.27

-$ 2,020,377.06 $ 6,144,317.28 $ 52,521,482.04 $ 6,481,154.27

4 5 6 7
-$ 2,020,377.06 $ 6,144,317.28 $ 52,521,482.04 $ 6,481,154.27

-$ 225,945,264.426 -$ 231,525,000.045 -$ 237,242,527.663 -$ 243,101,250.064

-$ 225,945,264.43 -$ 231,525,000.05 -$ 237,242,527.66 -$ 243,101,250.06
 8 9 10 11

$11,653,371.59 $11,828,172.16 $12,005,594.74 $12,185,678.66

-$8,000,000.00 -$8,000,000.00
-$880,000.00

-$5,000,000.00 -$5,000,000.00 -$5,000,000.00 -$5,000,000.00

-$ 1,346,628.41 $ 5,948,172.16 -$ 994,405.26 $ 7,185,678.66

-$ 1,346,628.41 $ 5,948,172.16 -$ 994,405.26 $ 7,185,678.66

8 9 10 11
-$ 1,346,628.41 $ 5,948,172.16 -$ 994,405.26 $ 7,185,678.66

-$ 249,104,654.063 -$ 255,256,312.583 -$ 261,559,886.783 -$ 268,019,128.230

-$ 249,104,654.06 -$ 255,256,312.58 -$ 261,559,886.78 -$ 268,019,128.23
 12 13 14 15

$12,368,463.84 $12,553,990.80 $12,742,300.66 $12,933,435.17

$78,000,000.00
-$8,000,000.00 -$9,200,000.00
-$970,000.00 -$1,060,000.00
-$2,350,000.00
-$5,000,000.00 -$5,750,000.00 -$5,750,000.00 -$5,750,000.00
-$ 20,000,000.00

$ 54,048,463.84 $ 6,803,990.80 -$ 2,207,699.34 $ 6,123,435.17

$ 54,048,463.84 $ 6,803,990.80 -$ 2,207,699.34 $ 6,123,435.17

12 13 14 15
$ 54,048,463.84 $ 6,803,990.80 -$ 2,207,699.34 $ 6,123,435.17

-$ 274,637,881.140 -$ 281,420,084.660 -$ 288,369,775.216 -$ 295,491,088.912

-$ 274,637,881.14 -$ 281,420,084.66 -$ 288,369,775.22 -$ 295,491,088.91
 16 17 18 19

$13,127,436.70 $13,324,348.25 $13,524,213.47 $13,727,076.68

$81,120,000.00
-$9,200,000.00 -$9,200,000.00
-$1,150,000.00

-$5,750,000.00 -$5,750,000.00 -$5,750,000.00 -$5,750,000.00

-$ 19,000,000.00

-$ 1,822,563.30 $ 7,574,348.25 $ 59,544,213.47 $ 7,977,076.68

-$ 1,822,563.30 $ 7,574,348.25 $ 59,544,213.47 $ 7,977,076.68

16 17 18 19
-$ 1,822,563.30 $ 7,574,348.25 $ 59,544,213.47 $ 7,977,076.68

-$ 302,788,263.996 -$ 310,265,643.378 -$ 317,927,677.217 -$ 325,778,925.568

-$ 302,788,264.00 -$ 310,265,643.38 -$ 317,927,677.22 -$ 325,778,925.57
 20 21 22 23

$13,932,982.83 $14,141,977.57 $14,354,107.23 $14,569,418.84

-$9,200,000.00 -$9,200,000.00
-$1,240,000.00

-$5,750,000.00 -$5,750,000.00 -$5,750,000.00 -$5,750,000.00

-$ 1,017,017.17 $ 7,151,977.57 -$ 595,892.77 $ 8,819,418.84

-$ 1,017,017.17 $ 7,151,977.57 -$ 595,892.77 $ 8,819,418.84

20 21 22 23
-$ 1,017,017.17 $ 7,151,977.57 -$ 595,892.77 $ 8,819,418.84

-$ 333,824,061.099 -$ 342,067,871.869 -$ 350,515,264.177 -$ 359,171,265.486

-$ 333,824,061.10 -$ 342,067,871.87 -$ 350,515,264.18 -$ 359,171,265.49
 24 25 26 27

$14,787,960.12 $15,009,779.53 $15,234,926.22 $15,463,450.11

$84,364,800.00
-$9,200,000.00 -$10,400,000.00
-$1,330,000.00 -$1,420,000.00
-$2,700,000.00
-$5,750,000.00 -$6,612,500.00 -$6,612,500.00 -$6,612,500.00
-$ 18,050,000.00

$ 62,122,760.12 $ 8,397,279.53 -$ 1,777,573.78 $ 7,430,950.11

$ 62,122,760.12 $ 8,397,279.53 -$ 1,777,573.78 $ 7,430,950.11

24 25 26 27
$ 62,122,760.12 $ 8,397,279.53 -$ 1,777,573.78 $ 7,430,950.11

-$ 368,041,027.410 -$ 377,129,828.785 -$ 386,443,078.806 -$ 395,986,320.250

-$ 368,041,027.41 -$ 377,129,828.78 -$ 386,443,078.81 -$ 395,986,320.25
 28 29 30 31

$15,695,401.86 $15,930,832.89 $16,169,795.38 $16,412,342.32

$87,739,392.00
-$10,400,000.00 -$10,400,000.00
-$1,510,000.00

-$6,612,500.00 -$6,612,500.00 -$6,612,500.00 -$6,612,500.00

-$ 17,147,500.00

-$ 1,317,098.14 $ 9,318,332.89 $ 68,239,187.38 $ 9,799,842.32

-$ 1,317,098.14 $ 9,318,332.89 $ 68,239,187.38 $ 9,799,842.32

28 29 30 31
-$ 1,317,098.14 $ 9,318,332.89 $ 68,239,187.38 $ 9,799,842.32

-$ 405,765,232.773 -$ 415,785,636.290 -$ 426,053,494.439 -$ 436,574,918.133

-$ 405,765,232.77 -$ 415,785,636.29 -$ 426,053,494.44 -$ 436,574,918.13
 32 33 34 35

$16,658,527.45 $16,908,405.36 $17,162,031.44 $17,419,461.91

-$10,400,000.00 -$10,400,000.00
-$1,600,000.00

-$6,612,500.00 -$6,612,500.00 -$6,612,500.00 -$6,612,500.00

-$ 353,972.55 $ 8,695,905.36 $ 149,531.44 $ 10,806,961.91

-$ 353,972.55 $ 8,695,905.36 $ 149,531.44 $ 10,806,961.91

32 33 34 35
-$ 353,972.55 $ 8,695,905.36 $ 149,531.44 $ 10,806,961.91

-$ 447,356,169.190 -$ 458,403,664.069 -$ 469,723,977.681 -$ 481,323,847.304

-$ 447,356,169.19 -$ 458,403,664.07 -$ 469,723,977.68 -$ 481,323,847.30
 36 37 38 39

$17,680,753.84 $17,945,965.15 $18,215,154.63 $18,488,381.95

$91,248,967.68
-$10,400,000.00 -$11,600,000.00
-$1,690,000.00 -$1,780,000.00
-$3,050,000.00
-$6,612,500.00 -$7,604,375.00 -$7,604,375.00 -$7,604,375.00
-$ 16,290,125.00

$ 70,887,096.52 $ 10,341,590.15 -$ 989,220.37 $ 9,104,006.95

$ 70,887,096.52 $ 10,341,590.15 -$ 989,220.37 $ 9,104,006.95

36 37 38 39
$ 70,887,096.52 $ 10,341,590.15 -$ 989,220.37 $ 9,104,006.95

-$ 493,210,176.597 -$ 505,390,039.702 -$ 517,870,685.460 -$ 530,659,541.722

-$ 493,210,176.60 -$ 505,390,039.70 -$ 517,870,685.46 -$ 530,659,541.72
 40 41 42 43

$18,765,707.68 $19,047,193.29 $19,332,901.19 $19,622,894.71

$94,898,926.39
-$11,600,000.00 -$11,600,000.00
-$1,870,000.00

-$7,604,375.00 -$7,604,375.00 -$7,604,375.00 -$7,604,375.00

-$ 15,475,618.75

-$ 438,667.32 $ 11,442,818.29 $ 77,681,833.83 $ 12,018,519.71

-$ 438,667.32 $ 11,442,818.29 $ 77,681,833.83 $ 12,018,519.71

40 41 42 43
-$ 438,667.32 $ 11,442,818.29 $ 77,681,833.83 $ 12,018,519.71

-$ 543,764,219.769 -$ 557,192,518.844 -$ 570,952,430.795 -$ 585,052,144.825

-$ 543,764,219.77 -$ 557,192,518.84 -$ 570,952,430.79 -$ 585,052,144.82
 44 45 46 47

$19,917,238.13 $20,215,996.70 $20,519,236.65 $20,827,025.20

-$11,600,000.00 -$11,600,000.00
-$1,960,000.00

-$7,604,375.00 -$7,604,375.00 -$7,604,375.00 -$7,604,375.00

$ 712,863.13 $ 10,651,621.70 $ 1,314,861.65 $ 13,222,650.20

$ 712,863.13 $ 10,651,621.70 $ 1,314,861.65 $ 13,222,650.20

44 45 46 47
$ 712,863.13 $ 10,651,621.70 $ 1,314,861.65 $ 13,222,650.20

-$ 599,500,052.374 -$ 614,304,752.106 -$ 629,475,055.033 -$ 645,019,989.754

-$ 599,500,052.37 -$ 614,304,752.11 -$ 629,475,055.03 -$ 645,019,989.75
 48 49 50 51

$21,139,430.58
$98,694,883.44
-$11,600,000.00
-$2,050,000.00
-$3,400,000.00
-$7,604,375.00
-$ 14,701,837.81
$ 12,000,000.00
$ 80,478,101.21 $ 0.00 $ 12,000,000.00 $ 0.00
$ 117,073,170.57
$ 197,551,271.78

48
$ 197,551,271.78

-$ 660,948,807.828
-$ 660,948,807.83
 52 53 54 55

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 56 57 58 59

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 60 61 62 63

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 64 65 66 67

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 68 69 70 71

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 72 73 74 75

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 76 77 78 79

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 80 81 82 83

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 84 85 86 87

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 88 89 90 91

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 92 93 94 95

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 96 97 98 99

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 100 101 102 103

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 104 105 106 107

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 108 109 110 111

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 112 113 114 115

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 116 117 118 119

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 120 121 122 123

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 124 125 126 127

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 128 129 130 131

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 132 133 134 135

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 136 137 138 139

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 140 141 142 143

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 144 145 146 147

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 148 149 150 151

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 152 153 154 155

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 156 157 158 159

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 160 161 162 163

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 164 165 166 167

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 168 169 170 171

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 172 173 174 175

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 176 177 178 179

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 180 181 182 183

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 184 185 186 187

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 188 189 190 191

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 192 193 194 195

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 196 197 198 199

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 200 201 202 203

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 204 205 206 207

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 208 209 210 211

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 212 213 214 215

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 216 217 218 219

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 220 221 222 223

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 224 225 226 227

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 228 229 230 231

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 232 233 234 235

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 236 237 238 239

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 240 241 242 243

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 244 245 246 247

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 248 249 250 251

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 252 253 254 255

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 256 257 258 259

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 260 261 262 263

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 264 265 266 267

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 268 269 270 271

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 272 273 274 275

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 276 277 278 279

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 280 281 282 283

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 284 285 286 287

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 288 289 290 291

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 292 293 294 295

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 296 297 298 299

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 300 x
x
x
x
x
x
x
x
x
x
$ 12,000,000.00 x
$ 12,000,000.00 x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
r*= 57.84% NACB
ia*= 2.410% BA
i*= 2.470% BIMENSUAL=2VECES EN EL MES
5% MENSUAL
10% BIMESTRAL
INVERSION
1.50% INGRESOS MENSUALES DC
4% INGRESOS SEMESTRALES DL
-$ 1,200,000.00 ARRIENDO BIMESTRAL
-$ 90,000.00 SERVIVIOS PUBLICOS
-$ 350,000.00 APP MOVIL
15% Trabajadores
5% Mantenimiento de la flota veicular
$ 12,000,000.00 Perpetuidad
FCL
PRESENTE DE LA PERPETUIDAD
FCL MODIFICADO
VPN=
VAN=
VFN=
Rb-c=
TIR=

Tiempo de recuperación
 0 1 2 3

-$ 200,000,000.00
$10,500,000.00 $10,657,500.00 $10,817,362.50

-$8,000,000.00
-$700,000.00

-$5,000,000.00 -$5,000,000.00 -$5,000,000.00

-$ 200,000,000.00 $ 5,500,000.00 -$ 2,342,500.00 $ 5,117,362.50

-$ 200,000,000.00 $ 5,500,000.00 -$ 2,342,500.00 $ 5,117,362.50

-$ 1.00 NO FACTIBLE
-$ 0.06 NO FACTIBLE
-$ 10.401 NO FACTIBLE
$ 1.00 FACTIBLE
5.000% FACTIBLE

0 1 2 3
-$ 200,000,000.00 $ 5,500,000.00 -$ 2,342,500.00 $ 5,117,362.50

-$ 210,000,000.014 -$ 215,185,966.106 -$ 220,500,000.029

-$ 200,000,000.00 -$ 210,000,000.01 -$ 215,185,966.11 -$ 220,500,000.03
 4 5 6 7

$10,979,622.94 $11,144,317.28 $11,311,482.04 $11,481,154.27

$65,199,587.92
-$8,000,000.00 -$8,000,000.00
-$790,000.00

-$5,000,000.00 -$5,000,000.00 -$5,000,000.00 -$5,000,000.00

-$ 20,000,000.00

-$ 2,020,377.06 $ 6,144,317.28 $ 42,721,069.96 $ 6,481,154.27

-$ 2,020,377.06 $ 6,144,317.28 $ 42,721,069.96 $ 6,481,154.27

4 5 6 7
-$ 2,020,377.06 $ 6,144,317.28 $ 42,721,069.96 $ 6,481,154.27

-$ 225,945,264.426 -$ 231,525,000.045 -$ 237,242,527.663 -$ 243,101,250.064

-$ 225,945,264.43 -$ 231,525,000.05 -$ 237,242,527.66 -$ 243,101,250.06
 8 9 10 11

$11,653,371.59 $11,828,172.16 $12,005,594.74 $12,185,678.66

-$8,000,000.00 -$8,000,000.00
-$880,000.00

-$5,000,000.00 -$5,000,000.00 -$5,000,000.00 -$5,000,000.00

-$ 1,346,628.41 $ 5,948,172.16 -$ 994,405.26 $ 7,185,678.66

-$ 1,346,628.41 $ 5,948,172.16 -$ 994,405.26 $ 7,185,678.66

8 9 10 11
-$ 1,346,628.41 $ 5,948,172.16 -$ 994,405.26 $ 7,185,678.66

-$ 249,104,654.063 -$ 255,256,312.583 -$ 261,559,886.783 -$ 268,019,128.230

-$ 249,104,654.06 -$ 255,256,312.58 -$ 261,559,886.78 -$ 268,019,128.23
 12 13 14 15

$12,368,463.84 $12,553,990.80 $12,742,300.66 $12,933,435.17

$67,807,571.44
-$8,000,000.00 -$9,200,000.00
-$970,000.00 -$1,060,000.00
-$2,350,000.00
-$5,000,000.00 -$5,750,000.00 -$5,750,000.00 -$5,750,000.00
-$ 20,000,000.00

$ 43,856,035.28 $ 6,803,990.80 -$ 2,207,699.34 $ 6,123,435.17

$ 43,856,035.28 $ 6,803,990.80 -$ 2,207,699.34 $ 6,123,435.17

12 13 14 15
$ 43,856,035.28 $ 6,803,990.80 -$ 2,207,699.34 $ 6,123,435.17

-$ 274,637,881.140 -$ 281,420,084.660 -$ 288,369,775.216 -$ 295,491,088.912

-$ 274,637,881.14 -$ 281,420,084.66 -$ 288,369,775.22 -$ 295,491,088.91
 16 17 18 19

$13,127,436.70 $13,324,348.25 $13,524,213.47 $13,727,076.68

$70,519,874.30
-$9,200,000.00 -$9,200,000.00
-$1,150,000.00

-$5,750,000.00 -$5,750,000.00 -$5,750,000.00 -$5,750,000.00

-$ 19,000,000.00

-$ 1,822,563.30 $ 7,574,348.25 $ 48,944,087.77 $ 7,977,076.68

-$ 1,822,563.30 $ 7,574,348.25 $ 48,944,087.77 $ 7,977,076.68

16 17 18 19
-$ 1,822,563.30 $ 7,574,348.25 $ 48,944,087.77 $ 7,977,076.68

-$ 302,788,263.996 -$ 310,265,643.378 -$ 317,927,677.217 -$ 325,778,925.568

-$ 302,788,264.00 -$ 310,265,643.38 -$ 317,927,677.22 -$ 325,778,925.57
 20 21 22 23

$13,932,982.83 $14,141,977.57 $14,354,107.23 $14,569,418.84

-$9,200,000.00 -$9,200,000.00
-$1,240,000.00

-$5,750,000.00 -$5,750,000.00 -$5,750,000.00 -$5,750,000.00

-$ 1,017,017.17 $ 7,151,977.57 -$ 595,892.77 $ 8,819,418.84

-$ 1,017,017.17 $ 7,151,977.57 -$ 595,892.77 $ 8,819,418.84

20 21 22 23
-$ 1,017,017.17 $ 7,151,977.57 -$ 595,892.77 $ 8,819,418.84

-$ 333,824,061.099 -$ 342,067,871.869 -$ 350,515,264.177 -$ 359,171,265.486

-$ 333,824,061.10 -$ 342,067,871.87 -$ 350,515,264.18 -$ 359,171,265.49
 24 25 26 27

$14,787,960.12 $15,009,779.53 $15,234,926.22 $15,463,450.11

$73,340,669.27
-$9,200,000.00 -$10,400,000.00
-$1,330,000.00 -$1,420,000.00
-$2,700,000.00
-$5,750,000.00 -$6,612,500.00 -$6,612,500.00 -$6,612,500.00
-$ 18,050,000.00

$ 51,098,629.39 $ 8,397,279.53 -$ 1,777,573.78 $ 7,430,950.11

$ 51,098,629.39 $ 8,397,279.53 -$ 1,777,573.78 $ 7,430,950.11

24 25 26 27
$ 51,098,629.39 $ 8,397,279.53 -$ 1,777,573.78 $ 7,430,950.11

-$ 368,041,027.410 -$ 377,129,828.785 -$ 386,443,078.806 -$ 395,986,320.250

-$ 368,041,027.41 -$ 377,129,828.78 -$ 386,443,078.81 -$ 395,986,320.25
 28 29 30 31

$15,695,401.86 $15,930,832.89 $16,169,795.38 $16,412,342.32

$76,274,296.04
-$10,400,000.00 -$10,400,000.00
-$1,510,000.00

-$6,612,500.00 -$6,612,500.00 -$6,612,500.00 -$6,612,500.00

-$ 17,147,500.00

-$ 1,317,098.14 $ 9,318,332.89 $ 56,774,091.42 $ 9,799,842.32

-$ 1,317,098.14 $ 9,318,332.89 $ 56,774,091.42 $ 9,799,842.32

28 29 30 31
-$ 1,317,098.14 $ 9,318,332.89 $ 56,774,091.42 $ 9,799,842.32

-$ 405,765,232.773 -$ 415,785,636.290 -$ 426,053,494.439 -$ 436,574,918.133

-$ 405,765,232.77 -$ 415,785,636.29 -$ 426,053,494.44 -$ 436,574,918.13
 32 33 34 35

$16,658,527.45 $16,908,405.36 $17,162,031.44 $17,419,461.91

-$10,400,000.00 -$10,400,000.00
-$1,600,000.00

-$6,612,500.00 -$6,612,500.00 -$6,612,500.00 -$6,612,500.00

-$ 353,972.55 $ 8,695,905.36 $ 149,531.44 $ 10,806,961.91

-$ 353,972.55 $ 8,695,905.36 $ 149,531.44 $ 10,806,961.91

32 33 34 35
-$ 353,972.55 $ 8,695,905.36 $ 149,531.44 $ 10,806,961.91

-$ 447,356,169.190 -$ 458,403,664.069 -$ 469,723,977.681 -$ 481,323,847.304

-$ 447,356,169.19 -$ 458,403,664.07 -$ 469,723,977.68 -$ 481,323,847.30
 36 37 38 39

$17,680,753.84 $17,945,965.15 $18,215,154.63 $18,488,381.95

$79,325,267.88
-$10,400,000.00 -$11,600,000.00
-$1,690,000.00 -$1,780,000.00
-$3,050,000.00
-$6,612,500.00 -$7,604,375.00 -$7,604,375.00 -$7,604,375.00
-$ 16,290,125.00

$ 58,963,396.72 $ 10,341,590.15 -$ 989,220.37 $ 9,104,006.95

$ 58,963,396.72 $ 10,341,590.15 -$ 989,220.37 $ 9,104,006.95

36 37 38 39
$ 58,963,396.72 $ 10,341,590.15 -$ 989,220.37 $ 9,104,006.95

-$ 493,210,176.597 -$ 505,390,039.702 -$ 517,870,685.460 -$ 530,659,541.722

-$ 493,210,176.60 -$ 505,390,039.70 -$ 517,870,685.46 -$ 530,659,541.72
 40 41 42 43

$18,765,707.68 $19,047,193.29 $19,332,901.19 $19,622,894.71

$82,498,278.60
-$11,600,000.00 -$11,600,000.00
-$1,870,000.00

-$7,604,375.00 -$7,604,375.00 -$7,604,375.00 -$7,604,375.00

-$ 15,475,618.75

-$ 438,667.32 $ 11,442,818.29 $ 65,281,186.04 $ 12,018,519.71

-$ 438,667.32 $ 11,442,818.29 $ 65,281,186.04 $ 12,018,519.71

40 41 42 43
-$ 438,667.32 $ 11,442,818.29 $ 65,281,186.04 $ 12,018,519.71

-$ 543,764,219.769 -$ 557,192,518.844 -$ 570,952,430.795 -$ 585,052,144.825

-$ 543,764,219.77 -$ 557,192,518.84 -$ 570,952,430.79 -$ 585,052,144.82
 44 45 46 47

$19,917,238.13 $20,215,996.70 $20,519,236.65 $20,827,025.20

-$11,600,000.00 -$11,600,000.00
-$1,960,000.00

-$7,604,375.00 -$7,604,375.00 -$7,604,375.00 -$7,604,375.00

$ 712,863.13 $ 10,651,621.70 $ 1,314,861.65 $ 13,222,650.20

$ 712,863.13 $ 10,651,621.70 $ 1,314,861.65 $ 13,222,650.20

44 45 46 47
$ 712,863.13 $ 10,651,621.70 $ 1,314,861.65 $ 13,222,650.20

-$ 599,500,052.374 -$ 614,304,752.106 -$ 629,475,055.033 -$ 645,019,989.754

-$ 599,500,052.37 -$ 614,304,752.11 -$ 629,475,055.03 -$ 645,019,989.75
 48 49 50 51

$21,139,430.58
$85,798,209.74
-$11,600,000.00
-$2,050,000.00
-$3,400,000.00
-$7,604,375.00
-$ 14,701,837.81
$ 12,000,000.00
$ 67,581,427.51 $ 0.00 $ 12,000,000.00 $ 0.00
$ 117,073,170.57
$ 184,654,598.07

48
$ 184,654,598.07

-$ 660,948,807.828
-$ 660,948,807.83
 52 53 54 55

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 56 57 58 59

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 60 61 62 63

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 64 65 66 67

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 68 69 70 71

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 72 73 74 75

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 76 77 78 79

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 80 81 82 83

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 84 85 86 87

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 88 89 90 91

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 92 93 94 95

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 96 97 98 99

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 100 101 102 103

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 104 105 106 107

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 108 109 110 111

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 112 113 114 115

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 116 117 118 119

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 120 121 122 123

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 124 125 126 127

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 128 129 130 131

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 132 133 134 135

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 136 137 138 139

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 140 141 142 143

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 144 145 146 147

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 148 149 150 151

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 152 153 154 155

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 156 157 158 159

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 160 161 162 163

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 164 165 166 167

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 168 169 170 171

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 172 173 174 175

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 176 177 178 179

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 180 181 182 183

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 184 185 186 187

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 188 189 190 191

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 192 193 194 195

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 196 197 198 199

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 200 201 202 203

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 204 205 206 207

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 208 209 210 211

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 212 213 214 215

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 216 217 218 219

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 220 221 222 223

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 224 225 226 227

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 228 229 230 231

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 232 233 234 235

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 236 237 238 239

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 240 241 242 243

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 244 245 246 247

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 248 249 250 251

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 252 253 254 255

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 256 257 258 259

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 260 261 262 263

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 264 265 266 267

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 268 269 270 271

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 272 273 274 275

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 276 277 278 279

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 280 281 282 283

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 284 285 286 287

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 288 289 290 291

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 292 293 294 295

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 296 297 298 299

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 300 x
x
x
x
x
x
x
x
x
x
$ 12,000,000.00 x
$ 12,000,000.00 x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
r*= 57.84% NACB
ia*= 2.410% BA
i*= 2.470% BIMENSUAL=2VECES EN EL MES
5% MENSUAL
10% BIMESTRAL
INVERSION
1.50% INGRESOS MENSUALES DC
4% INGRESOS SEMESTRALES DL
-$ 1,200,000.00 ARRIENDO BIMESTRAL
-$ 90,000.00 SERVIVIOS PUBLICOS
-$ 350,000.00 APP MOVIL
15% Trabajadores
5% Mantenimiento de la flota veicular
$ 12,000,000.00 Perpetuidad
FCL
PRESENTE DE LA PERPETUIDAD
FCL MODIFICADO
VPN=
VAN=
VFN=
Rb-c=
TIR=

Tiempo de recuperación
 0 1 2 3

-$ 200,000,000.00
$11,442,556.65 $11,614,195.00 $11,788,407.92

-$8,000,000.00
-$700,000.00

-$5,000,000.00 -$5,000,000.00 -$5,000,000.00

-$ 200,000,000.00 $ 6,442,556.65 -$ 1,385,805.00 $ 6,088,407.92

-$ 200,000,000.00 $ 6,442,556.65 -$ 1,385,805.00 $ 6,088,407.92

$ 50,000,000.00 FACTIBLE
$ 2,765,921.53 FACTIBLE
$ 520,063,483.977 FACTIBLE
$ 1.25 FACTIBLE
6.140% FACTIBLE

0 1 2 3
-$ 200,000,000.00 $ 6,442,556.65 -$ 1,385,805.00 $ 6,088,407.92

-$ 210,000,000.014 -$ 215,185,966.106 -$ 220,500,000.029

-$ 200,000,000.00 -$ 210,000,000.01 -$ 215,185,966.11 -$ 220,500,000.03
 4 5 6 7

$11,965,234.04 $12,144,712.55 $12,326,883.24 $12,511,786.49

$75,000,000.00
-$8,000,000.00 -$8,000,000.00
-$790,000.00

-$5,000,000.00 -$5,000,000.00 -$5,000,000.00 -$5,000,000.00

-$ 20,000,000.00

-$ 1,034,765.96 $ 7,144,712.55 $ 53,536,883.24 $ 7,511,786.49

-$ 1,034,765.96 $ 7,144,712.55 $ 53,536,883.24 $ 7,511,786.49

4 5 6 7
-$ 1,034,765.96 $ 7,144,712.55 $ 53,536,883.24 $ 7,511,786.49

-$ 225,945,264.426 -$ 231,525,000.045 -$ 237,242,527.663 -$ 243,101,250.064

-$ 225,945,264.43 -$ 231,525,000.05 -$ 237,242,527.66 -$ 243,101,250.06
 8 9 10 11

$12,699,463.29 $12,889,955.24 $13,083,304.57 $13,279,554.13

-$8,000,000.00 -$8,000,000.00
-$880,000.00

-$5,000,000.00 -$5,000,000.00 -$5,000,000.00 -$5,000,000.00

-$ 300,536.71 $ 7,009,955.24 $ 83,304.57 $ 8,279,554.13

-$ 300,536.71 $ 7,009,955.24 $ 83,304.57 $ 8,279,554.13

8 9 10 11
-$ 300,536.71 $ 7,009,955.24 $ 83,304.57 $ 8,279,554.13

-$ 249,104,654.063 -$ 255,256,312.583 -$ 261,559,886.783 -$ 268,019,128.230

-$ 249,104,654.06 -$ 255,256,312.58 -$ 261,559,886.78 -$ 268,019,128.23
 12 13 14 15

$13,478,747.45 $13,680,928.66 $13,886,142.59 $14,094,434.73

$78,000,000.00
-$8,000,000.00 -$9,200,000.00
-$970,000.00 -$1,060,000.00
-$2,350,000.00
-$5,000,000.00 -$5,750,000.00 -$5,750,000.00 -$5,750,000.00
-$ 20,000,000.00

$ 55,158,747.45 $ 7,930,928.66 -$ 1,063,857.41 $ 7,284,434.73

$ 55,158,747.45 $ 7,930,928.66 -$ 1,063,857.41 $ 7,284,434.73

12 13 14 15
$ 55,158,747.45 $ 7,930,928.66 -$ 1,063,857.41 $ 7,284,434.73

-$ 274,637,881.140 -$ 281,420,084.660 -$ 288,369,775.216 -$ 295,491,088.912

-$ 274,637,881.14 -$ 281,420,084.66 -$ 288,369,775.22 -$ 295,491,088.91
 16 17 18 19

$14,305,851.25 $14,520,439.02 $14,738,245.60 $14,959,319.29

$81,120,000.00
-$9,200,000.00 -$9,200,000.00
-$1,150,000.00

-$5,750,000.00 -$5,750,000.00 -$5,750,000.00 -$5,750,000.00

-$ 19,000,000.00

-$ 644,148.75 $ 8,770,439.02 $ 60,758,245.60 $ 9,209,319.29

-$ 644,148.75 $ 8,770,439.02 $ 60,758,245.60 $ 9,209,319.29

16 17 18 19
-$ 644,148.75 $ 8,770,439.02 $ 60,758,245.60 $ 9,209,319.29

-$ 302,788,263.996 -$ 310,265,643.378 -$ 317,927,677.217 -$ 325,778,925.568

-$ 302,788,264.00 -$ 310,265,643.38 -$ 317,927,677.22 -$ 325,778,925.57
 20 21 22 23

$15,183,709.07 $15,411,464.71 $15,642,636.68 $15,877,276.23

-$9,200,000.00 -$9,200,000.00
-$1,240,000.00

-$5,750,000.00 -$5,750,000.00 -$5,750,000.00 -$5,750,000.00

$ 233,709.07 $ 8,421,464.71 $ 692,636.68 $ 10,127,276.23

$ 233,709.07 $ 8,421,464.71 $ 692,636.68 $ 10,127,276.23

20 21 22 23
$ 233,709.07 $ 8,421,464.71 $ 692,636.68 $ 10,127,276.23

-$ 333,824,061.099 -$ 342,067,871.869 -$ 350,515,264.177 -$ 359,171,265.486

-$ 333,824,061.10 -$ 342,067,871.87 -$ 350,515,264.18 -$ 359,171,265.49
 24 25 26 27

$16,115,435.37 $16,357,166.91 $16,602,524.41 $16,851,562.28

$84,364,800.00
-$9,200,000.00 -$10,400,000.00
-$1,330,000.00 -$1,420,000.00
-$2,700,000.00
-$5,750,000.00 -$6,612,500.00 -$6,612,500.00 -$6,612,500.00
-$ 18,050,000.00

$ 63,450,235.37 $ 9,744,666.91 -$ 409,975.59 $ 8,819,062.28

$ 63,450,235.37 $ 9,744,666.91 -$ 409,975.59 $ 8,819,062.28

24 25 26 27
$ 63,450,235.37 $ 9,744,666.91 -$ 409,975.59 $ 8,819,062.28

-$ 368,041,027.410 -$ 377,129,828.785 -$ 386,443,078.806 -$ 395,986,320.250

-$ 368,041,027.41 -$ 377,129,828.78 -$ 386,443,078.81 -$ 395,986,320.25
 28 29 30 31

$17,104,335.71 $17,360,900.74 $17,621,314.26 $17,885,633.97

$87,739,392.00
-$10,400,000.00 -$10,400,000.00
-$1,510,000.00

-$6,612,500.00 -$6,612,500.00 -$6,612,500.00 -$6,612,500.00

-$ 17,147,500.00

$ 91,835.71 $ 10,748,400.74 $ 69,690,706.26 $ 11,273,133.97

$ 91,835.71 $ 10,748,400.74 $ 69,690,706.26 $ 11,273,133.97

28 29 30 31
$ 91,835.71 $ 10,748,400.74 $ 69,690,706.26 $ 11,273,133.97

-$ 405,765,232.773 -$ 415,785,636.290 -$ 426,053,494.439 -$ 436,574,918.133

-$ 405,765,232.77 -$ 415,785,636.29 -$ 426,053,494.44 -$ 436,574,918.13
 32 33 34 35

$18,153,918.48 $18,426,227.26 $18,702,620.67 $18,983,159.98

-$10,400,000.00 -$10,400,000.00
-$1,600,000.00

-$6,612,500.00 -$6,612,500.00 -$6,612,500.00 -$6,612,500.00

$ 1,141,418.48 $ 10,213,727.26 $ 1,690,120.67 $ 12,370,659.98

$ 1,141,418.48 $ 10,213,727.26 $ 1,690,120.67 $ 12,370,659.98

32 33 34 35
$ 1,141,418.48 $ 10,213,727.26 $ 1,690,120.67 $ 12,370,659.98

-$ 447,356,169.190 -$ 458,403,664.069 -$ 469,723,977.681 -$ 481,323,847.304

-$ 447,356,169.19 -$ 458,403,664.07 -$ 469,723,977.68 -$ 481,323,847.30
 36 37 38 39

$19,267,907.38 $19,556,925.99 $19,850,279.88 $20,148,034.07

$91,248,967.68
-$10,400,000.00 -$11,600,000.00
-$1,690,000.00 -$1,780,000.00
-$3,050,000.00
-$6,612,500.00 -$7,604,375.00 -$7,604,375.00 -$7,604,375.00
-$ 16,290,125.00

$ 72,474,250.06 $ 11,952,550.99 $ 645,904.88 $ 10,763,659.07

$ 72,474,250.06 $ 11,952,550.99 $ 645,904.88 $ 10,763,659.07

36 37 38 39
$ 72,474,250.06 $ 11,952,550.99 $ 645,904.88 $ 10,763,659.07

-$ 493,210,176.597 -$ 505,390,039.702 -$ 517,870,685.460 -$ 530,659,541.722

-$ 493,210,176.60 -$ 505,390,039.70 -$ 517,870,685.46 -$ 530,659,541.72
 40 41 42 43

$20,450,254.58 $20,757,008.40 $21,068,363.53 $21,384,388.98

$94,898,926.39
-$11,600,000.00 -$11,600,000.00
-$1,870,000.00

-$7,604,375.00 -$7,604,375.00 -$7,604,375.00 -$7,604,375.00

-$ 15,475,618.75

$ 1,245,879.58 $ 13,152,633.40 $ 79,417,296.17 $ 13,780,013.98

$ 1,245,879.58 $ 13,152,633.40 $ 79,417,296.17 $ 13,780,013.98

40 41 42 43
$ 1,245,879.58 $ 13,152,633.40 $ 79,417,296.17 $ 13,780,013.98

-$ 543,764,219.769 -$ 557,192,518.844 -$ 570,952,430.795 -$ 585,052,144.825

-$ 543,764,219.77 -$ 557,192,518.84 -$ 570,952,430.79 -$ 585,052,144.82
 44 45 46 47

$21,705,154.82 $22,030,732.14 $22,361,193.12 $22,696,611.02

-$11,600,000.00 -$11,600,000.00
-$1,960,000.00

-$7,604,375.00 -$7,604,375.00 -$7,604,375.00 -$7,604,375.00

$ 2,500,779.82 $ 12,466,357.14 $ 3,156,818.12 $ 15,092,236.02

$ 2,500,779.82 $ 12,466,357.14 $ 3,156,818.12 $ 15,092,236.02

44 45 46 47
$ 2,500,779.82 $ 12,466,357.14 $ 3,156,818.12 $ 15,092,236.02

-$ 599,500,052.374 -$ 614,304,752.106 -$ 629,475,055.033 -$ 645,019,989.754

-$ 599,500,052.37 -$ 614,304,752.11 -$ 629,475,055.03 -$ 645,019,989.75
 48 49 50 51

$23,037,060.18
$98,694,883.44
-$11,600,000.00
-$2,050,000.00
-$3,400,000.00
-$7,604,375.00
-$ 14,701,837.81
$ 12,000,000.00
$ 82,375,730.81 $ 0.00 $ 12,000,000.00 $ 0.00
$ 117,073,170.57
$ 199,448,901.38

48
$ 199,448,901.38

-$ 660,948,807.828
-$ 660,948,807.83
 52 53 54 55

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 56 57 58 59

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 60 61 62 63

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 64 65 66 67

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 68 69 70 71

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 72 73 74 75

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 76 77 78 79

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 80 81 82 83

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 84 85 86 87

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 88 89 90 91

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 92 93 94 95

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 96 97 98 99

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 100 101 102 103

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 104 105 106 107

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 108 109 110 111

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 112 113 114 115

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 116 117 118 119

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 120 121 122 123

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 124 125 126 127

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 128 129 130 131

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 132 133 134 135

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 136 137 138 139

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 140 141 142 143

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 144 145 146 147

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 148 149 150 151

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 152 153 154 155

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 156 157 158 159

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 160 161 162 163

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 164 165 166 167

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 168 169 170 171

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 172 173 174 175

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 176 177 178 179

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 180 181 182 183

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 184 185 186 187

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 188 189 190 191

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 192 193 194 195

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 196 197 198 199

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 200 201 202 203

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 204 205 206 207

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 208 209 210 211

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 212 213 214 215

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 216 217 218 219

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 220 221 222 223

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 224 225 226 227

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 228 229 230 231

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 232 233 234 235

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 236 237 238 239

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 240 241 242 243

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 244 245 246 247

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 248 249 250 251

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 252 253 254 255

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 256 257 258 259

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 260 261 262 263

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 264 265 266 267

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 268 269 270 271

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 272 273 274 275

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 276 277 278 279

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 280 281 282 283

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 284 285 286 287

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 288 289 290 291

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 292 293 294 295

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 296 297 298 299

$ 12,000,000.00 $ 12,000,000.00
$ 12,000,000.00 $ 0.00 $ 12,000,000.00 $ 0.00
 300 x
x
x
x
x
x
x
x
x
x
$ 12,000,000.00 x
$ 12,000,000.00 x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x