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2-1 Modelo FCD

The document presents financial projections for two investment projects. Project 1 has annual sales of $110 million in year 1 growing at 10% annually, with costs of goods sold growing at 4.7% and operating expenses at 20% of sales. It generates a positive NPV of $20.1 million and IRR of 29.16%. Project 2 has annual sales of $120 million in year 1 growing at 10% annually, with costs of goods sold growing at 5% and operating expenses at 20% of sales. It generates a higher positive NPV of $27 million and IRR of 30.82%.

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PaolaRamosAlbarracin
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51 views12 pages

2-1 Modelo FCD

The document presents financial projections for two investment projects. Project 1 has annual sales of $110 million in year 1 growing at 10% annually, with costs of goods sold growing at 4.7% and operating expenses at 20% of sales. It generates a positive NPV of $20.1 million and IRR of 29.16%. Project 2 has annual sales of $120 million in year 1 growing at 10% annually, with costs of goods sold growing at 5% and operating expenses at 20% of sales. It generates a higher positive NPV of $27 million and IRR of 30.82%.

Uploaded by

PaolaRamosAlbarracin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Note: $MM

Assumptions Opex%/Sales
Prj. 1 Sales Year 1 $110.0 Prj. 1 Capital Inv. $40.0 Min
Prj. 1 Sales Growth Rate 10.0% Prj. 1 Discount Rate 10% 15%
Prj. 1 COGS Growth Rate 4.7% Prj. 1 Tax Rate 40.0%
Prj. 1 OPEX/Sales % 20.0% Capital Investment
$35
Year 1 Year 2 Year 3 Year 4 $40
$45
Sales $110.0 $121.0 $133.1 $146.4
COGS $65.0 $68.1 $71.3 $74.6
Net Sales $45.0 $52.9 $61.8 $71.8

Total OPEX $22.0 $24.2 $26.6 $29.3

EBITDA $23.0 $28.7 $35.2 $42.5


Taxes $9.2 $11.5 $14.1 $17.0
Capital Investment ($40.0)
Operating Cash Flow ($40.0) $13.8 $17.2 $21.1 $25.5

NPV Project 1 $20.1


IRR Project 1 29.16%
Sales Growth Rate COGS Growth Rate
Opex%/Sales 10.2% K2:K201 4.0% M2:M201
M-L Max 9.2% 3.5%
20% 23% 10.8% 4.0%
11.3% 4.2%
Capital Investment 12.0% 4.9%
11.2% 4.7%
10.1% 3.8%
9.1% 3.2%
9.2% 3.4%
11.3% 3.8%
10.2% 4.1%
10.1% 3.3%
11.1% 4.4%
11.2% 4.9%
10.5% 4.6%
9.8% 3.2%
10.3% 3.2%
10.6% 3.7%
9.7% 3.8%
10.7% 4.6%
9.3% 3.7%
9.0% 3.3%
11.6% 4.9%
9.3% 4.0%
9.4% 3.4%
9.6% 3.8%
10.5% 3.9%
9.3% 3.3%
9.3% 3.6%
10.4% 3.4%
9.2% 3.1%
8.5% 3.6%
11.5% 4.5%
10.5% 4.3%
11.5% 4.4%
9.8% 3.6%
10.2% 4.1%
10.9% 4.5%
9.7% 3.3%
9.1% 3.4%
10.8% 4.3%
11.4% 4.9%
9.4% 3.3%
9.9% 3.8%
10.2% 3.4%
10.1% 4.9%
12.6% 4.7%
11.4% 4.5%
10.1% 3.7%
10.6% 3.8%
10.1% 4.1%
9.4% 3.3%
9.6% 3.4%
11.1% 4.0%
11.5% 4.7%
10.1% 4.4%
11.4% 5.0%
10.3% 3.8%
10.7% 5.0%
10.4% 4.2%
11.3% 4.5%
11.3% 4.4%
10.8% 3.4%
10.0% 3.7%
9.3% 3.3%
13.1% 4.7%
10.0% 3.8%
9.7% 3.1%
10.5% 4.9%
12.0% 4.9%
10.2% 3.7%
10.1% 3.7%
11.1% 4.8%
10.2% 3.3%
10.1% 3.3%
10.1% 4.7%
11.2% 4.9%
10.4% 4.2%
11.4% 4.6%
12.5% 4.7%
10.6% 3.9%
9.8% 4.2%
9.9% 4.0%
9.5% 4.5%
9.1% 3.2%
9.2% 3.1%
9.6% 3.2%
10.8% 4.4%
10.2% 4.4%
9.5% 3.6%
9.4% 3.7%
8.3% 3.3%
9.7% 3.8%
11.1% 4.9%
12.8% 5.0%
9.6% 3.5%
9.3% 3.3%
10.0% 3.5%
12.3% 5.0%
10.0% 3.1%
9.4% 3.7%
10.0% 4.2%
11.1% 4.3%
10.5% 3.4%
12.0% 4.7%
10.3% 3.2%
9.0% 3.2%
11.0% 4.3%
9.0% 3.8%
9.6% 3.1%
9.1% 3.9%
9.7% 4.0%
9.8% 3.8%
10.4% 4.1%
10.6% 4.7%
11.1% 4.5%
10.3% 4.6%
10.1% 4.6%
10.0% 4.2%
9.4% 4.1%
10.1% 4.1%
10.7% 4.6%
9.1% 3.5%
11.2% 4.7%
9.6% 3.2%
12.0% 4.9%
11.8% 4.4%
12.0% 4.5%
8.8% 3.1%
10.9% 4.4%
10.5% 3.7%
11.0% 4.5%
9.8% 4.1%
10.5% 4.5%
11.0% 4.1%
9.5% 3.3%
9.8% 3.2%
9.0% 3.1%
10.7% 4.1%
10.0% 4.3%
8.6% 3.3%
9.9% 3.3%
10.0% 3.8%
11.4% 3.8%
8.8% 3.7%
9.7% 3.2%
9.4% 3.2%
9.8% 3.2%
9.1% 4.0%
11.9% 4.9%
10.8% 4.2%
11.1% 4.8%
11.4% 4.0%
11.3% 4.4%
11.9% 4.8%
12.5% 4.8%
12.4% 4.8%
10.4% 4.2%
11.1% 4.0%
10.7% 4.4%
10.2% 4.3%
11.4% 4.5%
10.5% 4.1%
10.6% 4.7%
10.7% 3.7%
11.1% 4.0%
9.9% 3.8%
10.3% 3.9%
10.2% 4.8%
11.5% 4.2%
10.8% 4.4%
9.3% 4.6%
10.1% 3.7%
10.2% 4.0%
9.3% 3.2%
10.7% 4.1%
9.9% 4.1%
10.9% 4.1%
9.2% 3.2%
11.3% 5.0%
10.7% 3.8%
9.3% 4.7%
9.7% 3.5%
10.3% 3.2%
11.1% 3.8%
11.7% 4.5%
10.5% 4.3%
10.2% 3.9%
10.0% 4.0%
10.1% 4.6%
10.7% 3.8%
8.3% 3.8%
10.5% 4.8%
10.2% 4.4%
10.1% 4.1%
10.9% 4.7%
8.4% 3.3%
9.7% 3.7%
10.9% 4.0%
9.6% 4.3%
Note: $MM
Assumptions Opex%/Sales
Prj. 2 Sales Year 1 $120.0 Prj. 2 Capital Inv. $50.0 Min
Prj. 2 Sales Growth Rate 10.0% Prj. 2 Discount Rate 10% 18%
Prj. 2 COGS Growth Rate 5.0% Prj. 2 Tax Rate 40.0%
Prj. 2 OPEX/Sales % 20.0% Capital Investment
$45
Year 1 Year 2 Year 3 Year 4 $50
$55
Sales $120.0 $132.0 $145.2 $159.7
COGS $65.0 $68.3 $71.7 $75.2
Net Sales $55.0 $63.8 $73.5 $84.5

Total OPEX $24.0 $26.4 $29.0 $31.9

EBITDA $31.0 $37.4 $44.5 $52.5


Taxes $12.4 $14.9 $17.8 $21.0
Capital Investment ($50.0)
Operating Cash Flow ($50.0) $18.6 $22.4 $26.7 $31.5

NPV Project 2 $27.0


IRR Project 2 30.82%
COGS Growth Rate
Opex%/Sales 5.6% L2:L201
M-L Max 4.7%
20% 27% 4.8%
4.3%
Capital Investment 4.6%
5.5%
5.7%
5.9%
4.2%
5.3%
4.8%
5.8%
5.3%
4.9%
5.1%
4.2%
4.8%
4.1%
4.6%
5.1%
4.9%
4.7%
5.5%
5.1%
4.6%
5.5%
5.2%
5.8%
5.8%
5.6%
4.1%
5.5%
4.5%
4.2%
5.5%
5.1%
4.4%
4.7%
4.8%
5.7%
4.4%
5.0%
5.4%
4.3%
5.9%
4.8%
5.2%
5.4%
5.8%
4.9%
6.0%
5.1%
5.3%
5.2%
5.0%
4.3%
5.4%
5.9%
4.5%
4.8%
5.7%
4.5%
5.7%
5.6%
4.1%
4.6%
5.8%
4.1%
5.2%
4.1%
5.4%
5.1%
4.6%
5.2%
5.7%
4.4%
5.5%
4.3%
5.8%
4.4%
4.1%
5.9%
5.2%
5.6%
5.6%
5.1%
4.6%
4.0%
4.2%
5.2%
4.3%
5.4%
4.6%
5.4%
5.8%
5.3%
4.6%
5.9%
4.4%
4.2%
5.2%
4.8%
4.4%
4.8%
4.6%
4.0%
4.5%
5.9%
5.3%
5.6%
4.8%
4.7%
4.4%
5.1%
5.4%
5.5%
4.8%
6.0%
4.7%
4.5%
4.7%
4.8%
4.5%
5.3%
4.9%
4.3%
4.4%
5.6%
4.9%
5.9%
5.7%
4.9%
5.3%
5.0%
5.0%
5.9%
5.4%
5.4%
5.3%
5.8%
4.8%
5.8%
5.8%
5.7%
5.9%
5.1%
5.8%
4.3%
4.5%
5.0%
5.5%
4.4%
6.0%
4.6%
4.2%
4.4%
5.5%
4.6%
5.6%
5.0%
5.1%
5.4%
5.0%
4.0%
5.5%
4.8%
5.0%
5.2%
4.3%
5.6%
5.9%
5.9%
5.5%
5.7%
4.8%
4.4%
5.9%
5.5%
5.4%
5.6%
5.5%
4.6%
5.6%
6.0%
4.2%
4.9%
5.8%
5.0%
4.3%
5.7%
4.9%
5.0%
5.6%
4.8%
4.1%
5.0%
4.7%
4.2%
4.7%
4.7%

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