0.05 0 1 2 3 0.

05 0
Proyecto A -500.00 200.00 200.00 200.00 Proyecto B -1,000.00
va -500.00 190.48 181.41 172.77 va -1,000.00
van 44.65 van 80.44
tir 9.70% tir 8.90%

k VAN_A VAN_B 0
0.0% 100.00 200.00 -100.00 INCREMENT. -500.00
0.1% 98.80 197.40 -98.60 kf 8.21%
0.2% 97.61 194.82 -97.21
0.3% 96.42 192.24 -95.82
0.4% 95.23 189.67 -94.44
0.5% 94.05 187.11 -93.06
0.6% 92.87 184.56 -91.69
0.7% 91.70 182.02 -90.32
0.8% 90.53 179.48 -88.96
250.00
0.9% 89.36 176.96 -87.60
1.0% 88.20 174.44 -86.25
1.1% 87.04 171.94 -84.90 200.00
1.2% 85.88 169.44 -83.55
1.3% 84.73 166.95 -82.21 150.00
1.4% 83.58 164.46 -80.88
1.5% 82.44 161.99 -79.55 100.00
1.6% 81.30 159.52 -78.22
1.7% 80.16 157.07 -76.90
1.8% 79.03 154.62 -75.59 50.00
1.9% 77.90 152.18 -74.28
2.0% 76.78 149.75 -72.97 0.00
2.1% 75.66 147.32 -71.67 0.0% 2.0% 4.0% 6
2.2% 74.54 144.91 -70.37 -50.00
2.3% 73.42 142.50 -69.08
2.4% 72.31 140.10 -67.79
2.5% 71.20 137.71 -66.50
2.6% 70.10 135.33 -65.22
2.7% 69.00 132.95 -63.95
2.8% 67.90 130.58 -62.68
2.9% 66.81 128.22 -61.41
3.0% 65.72 125.87 -60.15
3.1% 64.64 123.53 -58.89
3.2% 63.55 121.19 -57.64
3.3% 62.47 118.86 -56.39
3.4% 61.40 116.54 -55.14
3.5% 60.33 114.23 -53.90
3.6% 59.26 111.93 -52.67
3.7% 58.19 109.63 -51.43
3.8% 57.13 107.34 -50.21
3.9% 56.07 105.06 -48.98
4.0% 55.02 102.78 -47.76
4.1% 53.97 100.52 -46.55
4.2% 52.92 98.26 -45.34
4.3% 51.87 96.00 -44.13
4.4% 50.83 93.76 -42.93
4.5% 49.79 91.52 -41.73
4.6% 48.76 89.29 -40.53
4.7% 47.73 87.07 -39.34
4.8% 46.70 84.85 -38.16
4.9% 45.67 82.65 -36.97
5.0% 44.65 80.44 -35.80
5.1% 43.63 78.25 -34.62
5.2% 42.61 76.06 -33.45
5.3% 41.60 73.89 -32.28
5.4% 40.59 71.71 -31.12
5.5% 39.59 69.55 -29.96
5.6% 38.58 67.39 -28.81
5.7% 37.58 65.24 -27.66
5.8% 36.59 63.09 -26.51
5.9% 35.59 60.96 -25.36
6.0% 34.60 58.83 -24.22
6.1% 33.61 56.70 -23.09
6.2% 32.63 54.59 -21.96
6.3% 31.65 52.48 -20.83
6.4% 30.67 50.37 -19.70
6.5% 29.70 48.28 -18.58
6.6% 28.72 46.19 -17.47
6.7% 27.75 44.11 -16.35
6.8% 26.79 42.03 -15.24
6.9% 25.82 39.96 -14.14
7.0% 24.86 37.90 -13.04
7.1% 23.91 35.84 -11.94
7.2% 22.95 33.79 -10.84
7.3% 22.00 31.75 -9.75
7.4% 21.05 29.71 -8.66
7.5% 20.11 27.68 -7.58
7.6% 19.16 25.66 -6.50
7.7% 18.22 23.64 -5.42
7.8% 17.29 21.63 -4.35
7.9% 16.35 19.63 -3.28
8.0% 15.42 17.63 -2.21
8.1% 14.49 15.64 -1.15
8.2% 13.57 13.65 -0.09
8.3% 12.64 11.67 0.97
8.4% 11.72 9.70 2.02
 8.5% 10.80 7.73 3.07
8.6% 9.89 5.77 4.12
8.7% 8.98 3.82 5.16
8.8% 8.07 1.87 6.20
8.9% 7.16 -0.07 7.23
9.0% 6.26 -2.01 8.27
9.1% 5.36 -3.94 9.29
9.2% 4.46 -5.86 10.32
9.3% 3.56 -7.78 11.34
9.4% 2.67 -9.69 12.36
9.5% 1.78 -11.60 13.38
9.6% 0.89 -13.50 14.39
9.7% 0.01 -15.39 15.40
9.8% -0.87 -17.28 16.41
9.9% -1.75 -19.16 17.41
10.0% -2.63 -21.04 18.41
10.1% -3.50 -22.91 19.40
10.2% -4.38 -24.77 20.40
10.3% -5.24 -26.63 21.39
 1 2 3
300.00 400.00 500.00
285.71 362.81 431.92

1 2 3
100.00 200.00 300.00

VAN_A
VAN_B

.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0%

 0.05 0 1 2 3
PROYECTO A -500.00 200.00 200.00 200.00
va -500.00 190.48 181.41 172.77
van 44.65
tir 9.70%

VAN >0
Desembolso
A<

Primer flujo
Q1>

Segundo flujo
Q2>

Tercer flujo
Q3>

Coste de capital
k<
 0.05 0 1 2 3
PROY. B -1,000.00 300.00 400.00 500.00
va -1,000.00 285.71 362.81 431.92
van 80.44
tir 8.90%

VAN > 0
Desembolso
A<

Primer flujo
Q1>

Segundo flujo
Q2>

Tercer flujo
Q3>

Coste de capital
k<
 5.00% 0 1 2 3 5.00% 0 1 2 3
PROY B -1,000.00 300.00 400.00 500.00 PROY A -500.00 200.00 200.00 200.00
va -1,000.00 285.71 362.81 431.92 va -500.00 190.48 181.41 172.77
van 80.44 van 44.65
tir 8.90% tir 9.70%

80,44>VAN VAN>0
Desembolso
A> A<

Primer flujo
Q1< Q1>

Segundo flujo
Q2< Q2>

Tercer flujo
Q3< Q3>

Coste de capital
k> k<
 5.00% 0 1 2 3 5.00% 0 1 2 3
PROY B -1,000.00 300.00 400.00 500.00 PROY A -500.00 200.00 200.00 200.00
va -1,000.00 285.71 362.81 431.92 va -500.00 190.48 181.41 172.77
van 80.44 van 44.65
tir 8.90% tir 9.70%

Desembolso
A<

Primer flujo
Q1>

Segundo flujo
Q2>

Tercer flujo
Q3>

Coste de capital
k<
 5.00% 0 1 2 3 5.00% 0 1 2 3
PROY. A -500.00 200.00 200.00 200.00 PROY. B -1,000.00 300.00 400.00 500.00
va -500.00 190.48 181.41 172.77 va -1,000.00 285.71 362.81 431.92
van 44.65 van 80.44
tir 9.70% tir 8.90%

Desembolso
A<

Primer flujo
Q1>

Segundo flujo
Q2>

Tercer flujo
Q3>

Coste de capital
k
 5.00% 0 1 2 3 5.00% 0 1 2 3
PROY A -500.00 200.00 200.00 200.00 PROY B -1,000.00 300.00 400.00 500.00
va -500.00 190.48 181.41 172.77 va -1,000.00 285.71 362.81 431.92
van 44.65 van 80.44
tir 9.70% tir 8.90%

Desembolso
A> A<

Primer flujo
Q1< Q1>

Segundo flujo
Q2< Q2>

Tercer flujo
Q3< Q3>