Année 0 1 2 3 4 5

ventes 20,000.00 22,000.00 24,200.00 26,620.00 29,282.00

prix de vente 110.00 121.00 133.10 146.41 161.05
recettes 2,200,000 2,662,000 3,221,020 3,897,434 ###
dépenses 6,000,000 840,000 924,000 1,016,400 1,118,040 1,229,844
amortissement 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000
résultat avant impot -6,000,000.00 160,000.00 538,000.00 ### ### ###
impots 56,000.00 188,300.00 351,617.00 552,787.97 800,117.98
résultat après impoots 104,000.00 349,700.00 653,003.00 ### ###
amortissement ### ### ### ### ###
flux de tresorerie -6,000,000.00 ### ### ### ### ###
flux actualisé -6,000,000.00
VAN 2,573 2,940 3,367 3,865 4,447 0
 1.1

Err:504
Année flux non actualisé cumul de flux non actualisé flux actualisé
0 -100,000 -100,000 -100,000
1 50,000 -50,000 45,454.545
2 40,000 -10,000 33,057.851
3 30,000 20,000 22,539.444
4 20,000 40,000 13,660.269
5 10,000 50,000 6,209.213
2 ans +10000/30000*12 de manière non actualisé= 2ans 4mois

1+i TRI
actualisé= rammener au present

-11.44

an mont
1 60000
2 60000
3 55000
4 55000
5 45000
6 45000
cumul de flux actualisé
-100,000
-54,545.455
-21,487.603
1,051.841
14,712.110
20,921.323

9%
 machine A machine B machine C
invest -50,000 -70,000 -100,000
cqsh 1 8,000 15,000 15,232
cqsh 2 8,000 15,000 36,582
cqsh 3 8,000 98,225 21,142
cqsh 4 8,000 63,254 2,134
cqsh 5 8,000 22,412 2,143
prix de cession 5,000 33,681 3,684

TRI -3% 46% -8%

VAN -18,279.24 FCFA 70,295.47 FCFA -35,925.27 FCFA
INVEST 225,000
années valeur
1 60,000
2 60,000
3 55,000
4 55,000
5 45,000
6 45,000
VNR 30,000
TRI