i VP5 $1,052,794,030.766 $952,850,720.677 $860,649,894.748 $775,481,808.319 $696,710,485.92

10 $775,481,808.3111 $775,481,808.3112 $775,481,808.3113 $775,481,808.3114 $775,481,808.3115 $775,481,808.3116 $775,481,808.3117 $775,481,808.3118 $775,481,808.3119 $775,481,808.3120 $775,481,808.3121 $775,481,808.3122 $775,481,808.3123 $775,481,808.3124 $775,481,808.3125 $775,481,808.312627282930313233

0.05 0.06 0.07-500000000 -499999999 -499999998

-$285,714,285.71 -$283,018,867.92 -$280,373,831.78-$1,930,433,732.30 -$1,840,021,762.85 -$1,755,895,385.23$1,838,508,316.47 $1,735,869,587.60 $1,641,023,724.52$1,052,794,030.76 $952,850,720.67 $860,649,894.74

InversionBeneficios 0 1 2 3FNE -500000000 -300000000 250000000 250000000

TIR 24.0138%

1 3 5 7 9 11 13 15 17 19 21 23 25

($200,000,000.00)

$0.00

$200,000,000.00

$400,000,000.00

$600,000,000.00

$800,000,000.00

$1,000,000,000.00

$1,200,000,000.00

Chart Title

Axis Title

0 1 2 3-1000 200 200 200

-8.4%

A VP VP B0 -16000 -16000 01 4500 $3,600.00 12 5500 $3,520.00 23 6000 $3,072.00 34 7000 $2,867.20 45 12000 $3,932.16 5

$ 991.36 TIR 27.55% TIR

VP -16000 VA

0.2 0.21 0.22 0.23$5,350.08 $5,468.25 $5,587.29 $5,707.21

VP -$2,964.77 -$2,900.70 -$2,838.90 -$2,779.25-$991.36 -$991.36 -$991.36 -$991.36

$4,476.89 $4,595.93 $4,715.85

0.08 0.09 0.1 0.11-499999997 -499999996 -499999995 -499999994

-$277,777,777.78 -$275,229,357.80 -$272,727,272.73 -$270,270,270.27-$1,677,520,349.74 -$1,604,414,425.29 -$1,536,141,776.43 -$1,472,308,002.79$1,553,259,583.09 $1,471,939,839.72 $1,396,492,524.02 $1,326,403,606.11

$775,481,808.31 $696,710,485.92 $623,765,256.30 $556,133,341.84

4 5 6 7250000000 250000000 250000000 250000000

1 3 5 7 9 11 13 15 17 19 21 23 25

($200,000,000.00)

$0.00

$200,000,000.00

$400,000,000.00

$600,000,000.00

$800,000,000.00

$1,000,000,000.00

$1,200,000,000.00

Chart Title

Axis Title

4200

VP-15000 -15000

6500 $5,200.007000 $4,480.007500 $3,840.008000 $3,276.80

12000 $3,932.16$5,728.96

40.94%

0.24 0.25 0.26 0.27$5,827.96 $5,949.55 $6,071.94 $6,195.13

-$2,721.66 -$2,666.04 -$2,612.30 -$2,560.36-$991.36 -$991.36 -$991.36 -$991.36

$4,836.60 $4,958.19 $5,080.58 $5,203.77

0.12 0.13 0.14 0.15-499999993 -499999992 -499999991 -499999990

-$267,857,142.86 -$265,486,725.66 -$263,157,894.74 -$260,869,565.22-$1,412,555,757.10 -$1,356,560,868.99 -$1,304,028,911.57 -$1,254,692,156.46$1,261,210,497.41 $1,200,496,344.24 $1,143,885,010.15 $1,091,036,657.79

$493,353,361.56 $435,009,626.57 $380,727,124.42 $330,167,102.58

8 9 10 11250000000 250000000 250000000 250000000

0.28 0.29 0.3$6,319.10 $6,443.83 $6,569.30

-$2,510.13 -$2,461.54 -$2,414.53-$991.36 -$991.36 -$991.36

$5,327.74 $5,452.47 $5,577.94

0.16 0.17 0.18 0.19-499999989 -499999988 -499999987 -499999986

-$258,620,689.66 -$256,410,256.41 -$254,237,288.14 -$252,100,840.34-$1,208,306,869.61 -$1,164,650,906.93 -$1,123,521,573.73 -$1,084,733,716.74$1,041,643,853.12 $995,428,125.58 $952,136,926.89 $911,540,938.44

$283,023,174.46 $239,017,881.17 $197,899,651.76 $159,440,112.10

0.2 0.21 0.22 0.23-499999985 -499999984 -499999983 -499999982

-$250,000,000.00 -$247,933,884.30 -$245,901,639.34 -$243,902,439.02-$1,048,118,021.39 -$1,013,519,490.45 -$980,796,083.16 -$949,817,496.50

$873,431,684.49 $837,619,413.59 $803,931,215.70 $772,209,346.75$123,431,699.49 $89,685,545.30 $58,029,593.36 $28,306,925.72

0.24 0.25 0.26 0.27-499999981 -499999980 -499999979 -499999978

-$241,935,483.87 -$240,000,000.00 -$238,095,238.10 -$236,220,472.44-$920,464,072.51 -$892,625,817.60 -$866,201,521.29 -$841,097,963.58$742,309,735.90 $714,100,654.08 $687,461,524.83 $662,281,861.08

$374,271.02 -$25,899,325.92 -$50,633,692.26 -$73,938,589.36

0.28 0.29 0.3-499999977 -499999976 -499999975

-$234,375,000.00 -$232,558,139.53 -$230,769,230.77-$817,229,201.14 -$794,515,923.96 -$772,884,874.76$638,460,313.39 $615,903,817.02 $594,526,826.74-$95,914,663.61 -$116,654,298.51 -$136,242,379.03

Periodos Flujos 0.01 $7.39 TIR 1 1.86048%0 -180 0.02 -$0.951 100 0.03 -$6.16 TIR 2 14.348%2 100 0.04 -$9.083 100 0.05 -$10.38 TIR 3 29.022%4 100 0.06 -$10.545 100 0.07 -$9.946 -100 0.08 -$8.857 -100 0.09 -$7.488 -100 0.1 -$5.979 -100 0.11 -$4.45

10 -100 0.12 -$2.9811 0 0.13 -$1.6112 0 0.14 -$0.3913 0 0.15 $0.6714 0 0.16 $1.5615 0 0.17 $2.2816 0 0.18 $2.8217 0 0.19 $3.1918 0 0.2 $3.4119 0 0.21 $3.4820 200 0.22 $3.41

0.23 $3.210.24 $2.900.25 $2.490.26 $1.980.27 $1.400.28 $0.740.29 $0.02

0.3 -$0.760.31 -$1.580.32 -$2.440.33 -$3.340.34 -$4.260.35 -$5.200.36 -$6.160.37 -$7.120.38 -$8.100.39 -$9.08

0.4 -$10.060.41 -$11.040.42 -$12.010.43 -$12.980.44 -$13.940.45 -$14.89

0.46 -$15.830.47 -$16.750.48 -$17.660.49 -$18.55

0.5 -$19.430.51 -$20.290.52 -$21.140.53 -$21.960.54 -$22.770.55 -$23.560.56 -$24.340.57 -$25.090.58 -$25.830.59 -$26.54

0.6 -$27.240.61 -$27.920.62 -$28.590.63 -$29.230.64 -$29.860.65 -$30.470.66 -$31.060.67 -$31.640.68 -$32.200.69 -$32.74

0.7 -$33.270.71 -$33.780.72 -$34.270.73 -$34.750.74 -$35.220.75 -$35.670.76 -$36.100.77 -$36.520.78 -$36.930.79 -$37.33

0.8 -$37.710.81 -$38.080.82 -$38.440.83 -$38.780.84 -$39.120.85 -$39.440.86 -$39.750.87 -$40.050.88 -$40.340.89 -$40.62

0.9 -$40.890.91 -$41.140.92 -$41.390.93 -$41.63

0.94 -$41.870.95 -$42.090.96 -$42.300.97 -$42.510.98 -$42.700.99 -$42.89

1 -$43.081.01 -$43.251.02 -$43.421.03 -$43.581.04 -$43.731.05 -$43.881.06 -$44.021.07 -$44.151.08 -$44.281.09 -$44.40

1.1 -$44.521.11 -$44.631.12 -$44.731.13 -$44.831.14 -$44.931.15 -$45.021.16 -$45.101.17 -$45.181.18 -$45.261.19 -$45.33

1.2 -$45.401.21 -$45.461.22 -$45.521.23 -$45.571.24 -$45.621.25 -$45.671.26 -$45.711.27 -$45.751.28 -$45.791.29 -$45.82

1.3 -$45.851.31 -$45.871.32 -$45.901.33 -$45.921.34 -$45.931.35 -$45.951.36 -$45.961.37 -$45.971.38 -$45.981.39 -$45.98

1.4 -$45.981.41 -$45.98

1.42 -$45.981.43 -$45.971.44 -$45.961.45 -$45.951.46 -$45.941.47 -$45.931.48 -$45.911.49 -$45.90

1.5 -$45.881.51 -$45.861.52 -$45.831.53 -$45.811.54 -$45.781.55 -$45.751.56 -$45.731.57 -$45.701.58 -$45.661.59 -$45.63

1.6 -$45.601.61 -$45.561.62 -$45.521.63 -$45.481.64 -$45.441.65 -$45.401.66 -$45.361.67 -$45.321.68 -$45.271.69 -$45.23

1.7 -$45.181.71 -$45.141.72 -$45.091.73 -$45.041.74 -$44.991.75 -$44.941.76 -$44.891.77 -$44.841.78 -$44.781.79 -$44.73

1.8 -$44.671.81 -$44.621.82 -$44.561.83 -$44.511.84 -$44.451.85 -$44.391.86 -$44.331.87 -$44.281.88 -$44.221.89 -$44.16

1.9 -$44.101.91 -$44.041.92 -$43.971.93 -$43.911.94 -$43.851.95 -$43.791.96 -$43.731.97 -$43.661.98 -$43.601.99 -$43.53

2 -$43.472.01 -$43.412.02 -$43.342.03 -$43.282.04 -$43.212.05 -$43.142.06 -$43.082.07 -$43.012.08 -$42.942.09 -$42.88

2.1 -$42.812.11 -$42.742.12 -$42.682.13 -$42.612.14 -$42.542.15 -$42.472.16 -$42.402.17 -$42.342.18 -$42.272.19 -$42.20

2.2 -$42.132.21 -$42.062.22 -$41.992.23 -$41.922.24 -$41.852.25 -$41.782.26 -$41.722.27 -$41.652.28 -$41.582.29 -$41.51

Tomr el valor presente neto y no tomar la TIR ya que el comportamiento del proyecto no es estable.

1 12 23 34 45 56 67 78 89 100111122133144155166177188199210221

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($40.00)

($30.00)

($20.00)

($10.00)

$0.00

$10.00

$20.00

Chart Title

Column E

1 12 23 34 45 56 67 78 89 100111122133144155166177188199210221

($50.00)

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($30.00)

($20.00)

($10.00)

$0.00

$10.00

$20.00

Chart Title

Column E

Periodos Flujos Tasa VAN0 -365 0.0% $35.001 200 0.5% $21.182 200 1.0% $9.833 200 1.5% $0.604 200 2.0% -$6.815 200 2.5% -$12.666 -200 3.0% -$17.177 -200 3.5% -$20.558 -200 4.0% -$22.989 -200 4.5% -$24.59

10 -200 5.0% -$25.5211 0 5.5% -$25.9012 0 6.0% -$25.8013 0 6.5% -$25.3314 0 7.0% -$24.5515 0 7.5% -$23.5316 0 8.0% -$22.3317 0 8.5% -$20.9818 0 9.0% -$19.5419 0 9.5% -$18.0320 400 10.0% -$16.49

10.5% -$14.9411.0% -$13.4011.5% -$11.8912.0% -$10.4212.5% -$9.0013.0% -$7.6513.5% -$6.3714.0% -$5.1614.5% -$4.0415.0% -$3.0015.5% -$2.0516.0% -$1.1816.5% -$0.4117.0% $0.2817.5% $0.8818.0% $1.4018.5% $1.8319.0% $2.1919.5% $2.4620.0% $2.6520.5% $2.7721.0% $2.8221.5% $2.8022.0% $2.72

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76

($30.00)

($20.00)

($10.00)

$0.00

$10.00

$20.00

$30.00

$40.00

VAN

VAN

22.5% $2.5723.0% $2.3623.5% $2.0924.0% $1.7724.5% $1.4025.0% $0.9825.5% $0.5126.0% -$0.0026.5% -$0.5527.0% -$1.1427.5% -$1.7728.0% -$2.4328.5% -$3.1229.0% -$3.8429.5% -$4.5930.0% -$5.3730.5% -$6.1631.0% -$6.9831.5% -$7.8232.0% -$8.6732.5% -$9.5533.0% -$10.4333.5% -$11.3334.0% -$12.2534.5% -$13.1735.0% -$14.1035.5% -$15.0436.0% -$15.9936.5% -$16.9437.0% -$17.9037.5% -$18.8638.0% -$19.8238.5% -$20.7939.0% -$21.7639.5% -$22.7340.0% -$23.6940.5% -$24.6641.0% -$25.6341.5% -$26.5942.0% -$27.5542.5% -$28.5143.0% -$29.4643.5% -$30.4144.0% -$31.3544.5% -$32.2945.0% -$33.2345.5% -$34.1546.0% -$35.08

46.5% -$35.9947.0% -$36.9047.5% -$37.8048.0% -$38.7048.5% -$39.5849.0% -$40.4649.5% -$41.3350.0% -$42.2050.5% -$43.0551.0% -$43.9051.5% -$44.7352.0% -$45.5652.5% -$46.3853.0% -$47.2053.5% -$48.0054.0% -$48.7954.5% -$49.5855.0% -$50.3555.5% -$51.1256.0% -$51.8856.5% -$52.6357.0% -$53.3757.5% -$54.1058.0% -$54.8258.5% -$55.5359.0% -$56.2359.5% -$56.9360.0% -$57.6160.5% -$58.2961.0% -$58.9661.5% -$59.6162.0% -$60.2662.5% -$60.9063.0% -$61.5363.5% -$62.1664.0% -$62.7764.5% -$63.3765.0% -$63.9765.5% -$64.5666.0% -$65.1466.5% -$65.7167.0% -$66.2767.5% -$66.8268.0% -$67.3768.5% -$67.9169.0% -$68.4469.5% -$68.9670.0% -$69.47

70.5% -$69.9871.0% -$70.4871.5% -$70.9772.0% -$71.4572.5% -$71.9273.0% -$72.3973.5% -$72.8574.0% -$73.3174.5% -$73.7575.0% -$74.1975.5% -$74.6276.0% -$75.0576.5% -$75.4677.0% -$75.8777.5% -$76.2878.0% -$76.6878.5% -$77.0779.0% -$77.4579.5% -$77.8380.0% -$78.2080.5% -$78.5681.0% -$78.9281.5% -$79.2882.0% -$79.6282.5% -$79.9683.0% -$80.3083.5% -$80.6384.0% -$80.9584.5% -$81.2785.0% -$81.5885.5% -$81.8886.0% -$82.1886.5% -$82.4887.0% -$82.7787.5% -$83.0588.0% -$83.3388.5% -$83.6189.0% -$83.8889.5% -$84.1490.0% -$84.4090.5% -$84.6691.0% -$84.9191.5% -$85.1592.0% -$85.3992.5% -$85.6393.0% -$85.8693.5% -$86.0994.0% -$86.31

94.5% -$86.5395.0% -$86.7495.5% -$86.9596.0% -$87.1596.5% -$87.3697.0% -$87.5597.5% -$87.7598.0% -$87.9398.5% -$88.1299.0% -$88.3099.5% -$88.48

100.0% -$88.65100.5% -$88.82

TIR 1 1.54%TIR 2 17%TIR 3 26%

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76

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VAN

VAN

TIR MODIFICADA TIR 1 1.876%TIR 2 9.615%TIR 3 40.127%

AÑO Flujo de caja Tasa VAN Año Q+ Q-0 -15000 0.0% $1,489.00 0.00 0.00 -15000.001 10229 0.5% $962.93 1.00 10229.00 0.002 9609 1.0% $539.16 2.00 9609.00 0.003 15004 1.5% $203.01 3.00 15004.00 0.004 3774 2.0% -$58.30 4.00 3774.00 0.005 -9709 2.5% -$255.92 5.00 0.00 -9709.006 -18097 3.0% -$399.54 6.00 0.00 -18097.007 4217 3.5% -$497.61 7.00 4217.00 0.008 18298 4.0% -$557.43 8.00 18298.00 0.009 -12041 4.5% -$585.38 9.00 0.00 -12041.00

10 -10 5.0% -$586.95 10.00 0.00 -10.0011 -7500 5.5% -$566.92 11.00 0.00 -7500.0012 -11855 6.0% -$529.38 12.00 0.00 -11855.0013 -12070 6.5% -$477.90 13.00 0.00 -12070.0014 -6349 7.0% -$415.52 14.00 0.00 -6349.0015 13570 7.5% -$344.86 15.00 13570.00 0.0016 377 8.0% -$268.15 16.00 377.00 0.0017 -10068 8.5% -$187.30 17.00 0.00 -10068.0018 16642 9.0% -$103.92 18.00 16642.00 0.0019 1609 9.5% -$19.40 19.00 1609.00 0.0020 10859 10.0% $65.13 20.00 10859.00 0.00

1489 10.5% $148.7111.0% $230.5511.5% $309.9812.0% $386.5012.5% $459.6613.0% $529.1613.5% $594.7314.0% $656.2014.5% $713.4415.0% $766.3815.5% $814.9916.0% $859.2816.5% $899.2717.0% $935.0217.5% $966.6118.0% $994.1418.5% $1,017.7119.0% $1,037.4519.5% $1,053.4720.0% $1,065.9220.5% $1,074.92

21.0% $1,080.6221.5% $1,083.1722.0% $1,082.6922.5% $1,079.3423.0% $1,073.2523.5% $1,064.5624.0% $1,053.4024.5% $1,039.9125.0% $1,024.2225.5% $1,006.4526.0% $986.7226.5% $965.1527.0% $941.8627.5% $916.9528.0% $890.5328.5% $862.7029.0% $833.5529.5% $803.1930.0% $771.6930.5% $739.1631.0% $705.6531.5% $671.2632.0% $636.0632.5% $600.1233.0% $563.5033.5% $526.2734.0% $488.4934.5% $450.2135.0% $411.5035.5% $372.4036.0% $332.9636.5% $293.2337.0% $253.2637.5% $213.0738.0% $172.7238.5% $132.2439.0% $91.6639.5% $51.0240.0% $10.3440.5% -$30.3441.0% -$70.9941.5% -$111.6042.0% -$152.1342.5% -$192.5743.0% -$232.8843.5% -$273.0744.0% -$313.0944.5% -$352.95

45.0% -$392.6145.5% -$432.0746.0% -$471.3146.5% -$510.3347.0% -$549.1047.5% -$587.6148.0% -$625.8648.5% -$663.8449.0% -$701.5349.5% -$738.9450.0% -$776.0550.5% -$812.8551.0% -$849.3451.5% -$885.5152.0% -$921.3752.5% -$956.9053.0% -$992.0953.5% -$1,026.9654.0% -$1,061.4954.5% -$1,095.6855.0% -$1,129.5355.5% -$1,163.0356.0% -$1,196.1956.5% -$1,229.0157.0% -$1,261.4757.5% -$1,293.5958.0% -$1,325.3658.5% -$1,356.7959.0% -$1,387.8659.5% -$1,418.5860.0% -$1,448.9660.5% -$1,478.9961.0% -$1,508.6861.5% -$1,538.0162.0% -$1,567.0162.5% -$1,595.6663.0% -$1,623.9763.5% -$1,651.9464.0% -$1,679.5764.5% -$1,706.8665.0% -$1,733.8265.5% -$1,760.4566.0% -$1,786.7566.5% -$1,812.7267.0% -$1,838.3667.5% -$1,863.6868.0% -$1,888.6768.5% -$1,913.35

69.0% -$1,937.7269.5% -$1,961.7670.0% -$1,985.5070.5% -$2,008.9371.0% -$2,032.0571.5% -$2,054.8772.0% -$2,077.3972.5% -$2,099.6173.0% -$2,121.5373.5% -$2,143.1674.0% -$2,164.5074.5% -$2,185.5675.0% -$2,206.3375.5% -$2,226.8276.0% -$2,247.0376.5% -$2,266.9777.0% -$2,286.6377.5% -$2,306.0278.0% -$2,325.1578.5% -$2,344.0179.0% -$2,362.6179.5% -$2,380.9580.0% -$2,399.0480.5% -$2,416.8781.0% -$2,434.4581.5% -$2,451.7882.0% -$2,468.8782.5% -$2,485.7283.0% -$2,502.3283.5% -$2,518.6984.0% -$2,534.8384.5% -$2,550.7385.0% -$2,566.4185.5% -$2,581.8686.0% -$2,597.0986.5% -$2,612.0987.0% -$2,626.8887.5% -$2,641.4588.0% -$2,655.8188.5% -$2,669.9589.0% -$2,683.8989.5% -$2,697.6290.0% -$2,711.1590.5% -$2,724.4891.0% -$2,737.6191.5% -$2,750.5492.0% -$2,763.2892.5% -$2,775.83

93.0% -$2,788.1993.5% -$2,800.3694.0% -$2,812.3594.5% -$2,824.1595.0% -$2,835.7895.5% -$2,847.2296.0% -$2,858.4996.5% -$2,869.5997.0% -$2,880.5197.5% -$2,891.2798.0% -$2,901.8698.5% -$2,912.2899.0% -$2,922.5499.5% -$2,932.64

100.0% -$2,942.57100.5% -$2,952.36101.0% -$2,961.98101.5% -$2,971.45102.0% -$2,980.78102.5% -$2,989.95103.0% -$2,998.97103.5% -$3,007.85104.0% -$3,016.58104.5% -$3,025.17105.0% -$3,033.62105.5% -$3,041.93106.0% -$3,050.10106.5% -$3,058.14107.0% -$3,066.05107.5% -$3,073.82108.0% -$3,081.46108.5% -$3,088.97109.0% -$3,096.36109.5% -$3,103.62110.0% -$3,110.76110.5% -$3,117.77111.0% -$3,124.66111.5% -$3,131.44112.0% -$3,138.09112.5% -$3,144.63113.0% -$3,151.05113.5% -$3,157.36114.0% -$3,163.56114.5% -$3,169.65115.0% -$3,175.63115.5% -$3,181.50116.0% -$3,187.26116.5% -$3,192.92

117.0% -$3,198.47117.5% -$3,203.92118.0% -$3,209.27118.5% -$3,214.52119.0% -$3,219.67119.5% -$3,224.72120.0% -$3,229.68120.5% -$3,234.54121.0% -$3,239.31121.5% -$3,243.98122.0% -$3,248.57122.5% -$3,253.06123.0% -$3,257.46123.5% -$3,261.78124.0% -$3,266.00124.5% -$3,270.14125.0% -$3,274.20125.5% -$3,278.17126.0% -$3,282.06126.5% -$3,285.87127.0% -$3,289.60127.5% -$3,293.24128.0% -$3,296.81128.5% -$3,300.30129.0% -$3,303.72129.5% -$3,307.05130.0% -$3,310.32130.5% -$3,313.51131.0% -$3,316.62131.5% -$3,319.67132.0% -$3,322.64132.5% -$3,325.54133.0% -$3,328.37133.5% -$3,331.14134.0% -$3,333.84134.5% -$3,336.47135.0% -$3,339.03135.5% -$3,341.53136.0% -$3,343.96136.5% -$3,346.33137.0% -$3,348.64137.5% -$3,350.89138.0% -$3,353.07138.5% -$3,355.19139.0% -$3,357.26139.5% -$3,359.26140.0% -$3,361.21140.5% -$3,363.10

141.0% -$3,364.93141.5% -$3,366.71142.0% -$3,368.43142.5% -$3,370.10143.0% -$3,371.71143.5% -$3,373.27144.0% -$3,374.78144.5% -$3,376.24145.0% -$3,377.64145.5% -$3,378.99146.0% -$3,380.30146.5% -$3,381.55147.0% -$3,382.76147.5% -$3,383.91148.0% -$3,385.02148.5% -$3,386.08149.0% -$3,387.10149.5% -$3,388.07150.0% -$3,389.00

Tasa de descuento gastos 8%Tasa de capitalizacion ingresos 10%

TIR modificada 9.3498%

Valor Actual Gastos $56,285.27Valor Final Ingresos $336,321.08

$49,991.98Otra forma de calcular la TIR

TIR modificada 9.3498%

Cuando se tiene multiples TIR, se obtiene la TIR modificada y es la que se compara con las TREMA

1 22 43 64 85 106127148169190211232253274295

($4,000.00)

($3,000.00)

($2,000.00)

($1,000.00)

$0.00

$1,000.00

$2,000.00

VAN

VAN