EVALUACION SOCIAL ALTERNATIVA IAOBeneficios sociales tramo I excedente de productor Beneficios sociales tramo II excedente de productor Beneficios sociales por ahorros en perdidas y mermas de mercaderia tramo III Beneficios sociales por ahorros en perdidas y mermas de mercaderia tramo IV Beneficios sociales tramo V excedente de productor Beneficios por ahorros en costos de operacin vehicular tramo IIIBeneficios por ahorros en costos de operacin vehicular tramo IVAhorros por perdidas de tiempo VST GANADOFlujo de beneficios totales 0-106,143,471.08-100,959,093.29-100,005,099.50-121,853,021.34-89,655,396.56- 0- 0- 0-518,616,081.77110,170,679.96174,669.95416,507.73947,048.04679,045.141,063,902.285,150,105.6932,639,888.4851,241,847.28210,847,256.94210,885.62473,350.121,032,746.09711,522.241,114,138.315,240,273.4232,639,888.4852,270,061.23311,411,889.50188,752.51498,274.71875,948.74745,685.501,166,975.355,333,392.1532,639,888.4852,860,806.94412,309,887.15289,177.00596,957.341,218,008.90781,623.941,222,550.625,429,600.0232,639,888.4854,487,693.45513,099,842.11331,461.55664,103.411,318,067.88329,697.71508,151.055,529,042.2932,639,888.4854,420,254.46613,783,861.68315,718.96699,920.011,176,392.57859,206.241,342,501.565,631,871.7332,639,888.4856,449,361.23714,807,573.85422,872.67810,116.591,534,376.26901,052.721,407,189.605,738,249.0432,639,888.4858,261,319.20815,729,906.20472,243.09889,434.051,651,202.71945,080.141,475,241.465,848,343.2232,639,888.4859,651,339.35916,553,319.18463,961.92938,117.031,527,183.55991,403.731,546,834.785,962,332.0632,639,888.4860,623,040.731017,723,812.59578,972.511,061,914.651,903,759.161,040,144.821,622,156.606,080,402.5832,639,888.4862,651,051.401118,800,705.60636,616.231,155,609.782,040,162.901,091,431.151,701,403.886,202,751.5132,639,888.4864,268,569.521224,292,790.41878,238.791,586,218.542,507,497.091,145,397.241,784,783.986,329,585.8032,639,888.4871,164,400.331325,873,475.801,015,206.051,747,022.762,936,029.321,202,184.741,872,515.296,461,123.2032,639,888.4873,747,445.641427,382,300.961,095,970.141,879,837.563,127,143.371,261,942.791,964,827.746,597,592.7732,639,888.4875,949,503.821528,823,290.861,120,746.501,985,072.593,081,349.071,324,828.442,061,963.446,739,235.5432,639,888.4877,776,374.911630,644,092.771,270,566.672,168,651.383,540,295.461,391,007.052,164,177.336,886,305.0732,639,888.4880,704,984.201732,405,760.631,364,864.882,325,541.173,763,435.621,460,652.762,271,737.857,039,068.1832,639,888.4883,270,949.561834,112,993.881,403,892.662,456,225.873,751,364.811,533,948.912,384,927.677,197,805.6332,639,888.4885,481,047.921936,214,150.061,568,719.582,666,707.514,245,822.021,611,088.582,504,044.437,362,812.8432,639,888.4888,813,233.502048,885,378.0611,774,729.2212,852,546.2613,471,894.754,071,419.852,629,401.547,534,400.6632,639,888.48133,859,658.81Van54,212,299.79Tir10.26%ALTERNATIVA IIAOBeneficios sociales tramo I excedente de productor Beneficios sociales por ahorros en perdidas y mermas de mercaderia tramo III Beneficios sociales por ahorros en perdidas y mermas de mercaderia tramo IV Beneficios sociales tramo V excedente de productor Beneficios por ahorros en costos de operacin vehicular tramo IIIBeneficios por ahorros en costos de operacin vehicular tramo IVAhorros por perdidas de tiempo VST GanadoFlujo de beneficios totales 0-262,920,887.67-100,005,099.50-121,853,021.34-89,655,396.56- 0- 0- 0-574,434,405.0718,619,443.53362,735.72726,067.05679,045.141,063,902.285,150,105.6932,639,888.4849,241,187.9029,234,513.51362,735.72726,067.05711,522.241,114,138.315,240,273.4232,639,888.4850,029,138.7339,586,576.21327,572.21479,029.65745,685.501,166,975.355,333,392.1532,639,888.4850,279,119.55410,564,177.33362,735.72726,067.05781,623.941,222,550.625,429,600.0232,639,888.4851,726,643.16511,282,318.21362,735.72726,067.05329,697.71508,151.055,529,042.2932,639,888.4851,377,900.50611,742,914.55327,572.21479,029.65859,206.241,342,501.565,631,871.7332,639,888.4853,022,984.42712,834,801.61362,735.72726,067.05901,052.721,407,189.605,738,249.0432,639,888.4854,609,984.21813,673,285.57362,735.72726,067.05945,080.141,475,241.465,848,343.2232,639,888.4855,670,641.63914,260,603.18327,572.21479,029.65991,403.731,546,834.785,962,332.0632,639,888.4856,207,664.101015,485,927.74362,735.72726,067.051,040,144.821,622,156.606,080,402.5832,639,888.4857,957,322.991116,464,921.38362,735.72726,067.051,091,431.151,701,403.886,202,751.5132,639,888.4859,189,199.161217,200,195.69327,572.21479,029.651,145,397.241,784,783.986,329,585.8032,639,888.4859,906,453.061318,581,318.65362,735.72726,067.051,202,184.741,872,515.296,461,123.2032,639,888.4861,845,833.1314119,724,368.02362,735.72726,067.051,261,942.791,964,827.746,597,592.7732,639,888.4863,277,422.561520,632,393.00327,572.21479,029.651,324,828.442,061,963.446,739,235.5432,639,888.4864,204,910.751622,195,422.42362,735.72726,067.051,391,007.052,164,177.336,886,305.0732,639,888.4866,365,603.111723,530,019.28362,735.72726,067.051,460,652.762,271,737.857,039,068.1832,639,888.4868,030,169.321824,639,743.78327,572.21479,029.651,533,948.912,384,927.677,197,805.6332,639,888.4869,202,916.341926,415,162.79362,735.72726,067.051,611,088.582,504,044.437,362,812.8432,639,888.4871,621,799.882054,265,494.6510,363,245.669,691,606.714,071,419.852,629,401.547,534,400.6632,639,888.48121,195,457.55Van-54,866,868.82Tir7.76%ALTERNATIVA IIIAOBeneficios sociales tramo I excedente de productor Beneficios sociales tramo II excedente de productor Beneficios sociales por ahorros en perdidas y mermas de mercaderia tramo III Beneficios sociales por ahorros en perdidas y mermas de mercaderia tramo IV Beneficios sociales tramo V excedente de productor Beneficios por ahorros en costos de operacin vehicular tramo IIIBeneficios por ahorros en costos de operacin vehicular tramo IVAhorros por perdidas de tiempo VST GanadoFlujo de beneficios totales 0-106,032,283.49-131,550,157.48-100,005,099.50-122,048,484.34-89,655,396.56- 0- 0- 0-549,291,421.3719,010,170.56114,969.14362,735.72726,067.05679,045.141,063,902.285,150,105.6932,639,888.4849,746,884.0729,625,240.55150,577.49362,735.72726,067.05711,522.241,114,138.315,240,273.4232,639,888.4850,570,443.26310,125,106.24127,950.86327,572.21479,029.65745,685.501,166,975.355,333,392.1532,639,888.4850,945,600.44410,954,904.37228,010.00362,735.72726,067.05781,623.941,222,550.625,429,600.0232,639,888.4852,345,380.20511,673,045.24270,072.99362,735.72726,067.05329,697.71508,151.055,529,042.2932,639,888.4852,038,700.52612,281,444.58254,269.54327,572.21479,029.65859,206.241,342,501.565,631,871.7332,639,888.4853,815,784.00713,225,528.64361,541.49362,735.72726,067.05901,052.721,407,189.605,738,249.0432,639,888.4855,362,252.73814,064,012.60411,229.12362,735.72726,067.05945,080.141,475,241.465,848,343.2232,639,888.4856,472,597.79914,799,133.21403,485.69327,572.21479,029.65991,403.731,546,834.785,962,332.0632,639,888.4857,149,679.821015,876,654.77519,277.87362,735.72726,067.051,040,144.821,622,156.606,080,402.5832,639,888.4858,867,327.891116,855,648.42577,972.25362,735.72726,067.051,091,431.151,701,403.886,202,751.5132,639,888.4860,157,898.451217,738,725.73579,749.86327,572.21479,029.651,145,397.241,784,783.986,329,585.8032,639,888.4861,024,732.951318,972,045.69705,606.73362,735.72726,067.051,202,184.741,872,515.296,461,123.2032,639,888.4862,942,166.8914120,115,095.05774,940.48362,735.72726,067.051,261,942.791,964,827.746,597,592.7732,639,888.4864,443,090.081521,170,923.03787,964.98327,572.21479,029.651,324,828.442,061,963.446,739,235.5432,639,888.4865,531,405.761622,586,149.45925,710.93362,735.72726,067.051,391,007.052,164,177.336,886,305.0732,639,888.4867,682,041.071723,920,746.311,007,612.63362,735.72726,067.051,460,652.762,271,737.857,039,068.1832,639,888.4869,428,508.981825,178,273.811,033,922.70327,572.21479,029.651,533,948.912,384,927.677,197,805.6332,639,888.4870,775,369.081926,805,889.821,185,712.84362,735.72726,067.051,611,088.582,504,044.437,362,812.8432,639,888.4873,198,239.762038,967,361.2714,437,476.4110,363,245.669,691,606.714,071,419.852,629,401.547,534,400.6632,639,888.48120,334,800.58Van-22,332,392.03Tir8.48%

EVALUACION PRIVADA ALTERNATIVA IAOBeneficios Privados tramo I Beneficios sociales tramo II excedente de productor Beneficios sociales tramo III excedente de productor Beneficios sociales tramo IV excedente de productor Beneficios sociales tramo V excedente de productor Flujo de beneficios totales 0-135,230,376.84-167,086,822.55-126,937,480.69-154,491,752.33-103,554,284.61-687,300,717.00112,216,539.492,081,367.903,808,237.931,059,722.141,957,054.5021,122,921.96213,663,361.622,652,829.614,523,139.981,425,153.982,366,268.1924,630,753.38315,059,535.313,258,754.955,299,048.061,735,820.332,507,855.8727,861,014.52417,010,903.234,163,125.916,292,806.342,453,961.483,379,234.4933,300,031.44518,942,405.945,152,484.847,382,379.553,168,910.934,002,911.9138,649,093.16620,871,780.706,259,902.298,589,179.313,916,483.884,391,144.2544,028,490.44723,409,722.787,766,079.4010,078,483.095,180,767.945,546,175.7151,981,228.91825,986,510.559,477,621.4711,737,953.886,578,405.816,496,065.4960,276,557.20928,625,752.9111,451,674.6213,600,156.328,179,349.157,259,453.7769,116,386.771031,944,603.9213,997,830.6415,843,193.8410,510,356.168,845,926.3781,141,910.951135,380,446.6316,957,363.6718,369,479.3113,241,407.7910,291,985.4294,240,682.831238,964,705.1020,429,022.3721,228,539.7116,509,128.4911,625,980.42108,757,376.101343,323,130.0524,772,321.6224,617,985.1820,923,617.4913,868,662.95127,505,717.2914147,902,560.8829,888,443.2428,462,661.3026,259,031.9616,069,375.72148,582,073.101552,744,823.6435,948,025.1832,837,892.6632,782,216.6818,271,234.92172,584,193.091658,487,111.2343,396,849.3837,970,956.6741,266,046.2921,511,973.84202,632,937.421764,588,849.4952,239,618.2043,820,816.2651,688,147.2124,860,464.15237,197,895.301871,105,709.5062,771,194.1850,502,031.0064,569,700.8028,382,280.33277,330,915.801978,690,113.7575,586,428.8358,286,998.4981,001,502.3733,140,982.71326,706,026.1520100,341,278.30107,577,590.2079,880,317.98116,807,754.5038,235,144.06442,842,085.03Van89,889,203.79Tir10.22%

EVALUACION Y SENSIBILIDADCOK0.09

ALTERNATIVA IINICIO10.00%RAZON5.00%PRECIOS DE MERCADOINVERSIONCOSTOS DE OPERACIN Y MANTENIMIENTO BENEFICIOSC. INCREMENTALFLUJOFLUJOFLUJOFLUJOFLUJOFLUJOFLUJOANALISIS DE SENSIBILIDAD A PRECIOS DE MERCADO-20.00%-15.00%-10.00%0.00%10.00%15.00%20.00%VAR.ALTERNATIVA IALTERNATIVA II00.000.000.000.000.000.000.000.000.00INVERSIONVANCEINVERSIONVANCE10.000.000.000.000.000.000.000.000.000.0020.00%0.000.00ERROR:#NUM!0.000.00ERROR:#NUM!20.000.000.000.000.000.000.000.000.000.0015.00%0.000.00ERROR:#NUM!0.000.00ERROR:#NUM!30.000.000.000.000.000.000.000.000.000.0010.00%0.000.00ERROR:#NUM!0.000.00ERROR:#NUM!40.000.000.000.000.000.000.000.000.000.000.00%0.000.00ERROR:#NUM!0.000.00ERROR:#NUM!50.000.000.000.000.000.000.000.000.000.00-10.00%0.000.00ERROR:#NUM!0.000.00ERROR:#NUM!60.000.000.000.000.000.000.000.000.000.00-15.00%0.000.00ERROR:#NUM!0.000.00ERROR:#NUM!70.000.000.000.000.000.000.000.000.000.00-20.00%0.000.00ERROR:#NUM!0.000.00ERROR:#NUM!80.000.000.000.000.000.000.000.000.000.0090.000.000.000.000.000.000.000.000.000.00100.000.000.000.000.000.000.000.000.000.00ANALISIS DE SENSIBILIDAD RESPECTO ANALISIS DE SENSIBILIDAD RESPECTO 110.000.000.000.000.000.000.000.000.000.00120.000.000.000.000.000.000.000.000.000.00130.000.000.000.000.000.000.000.000.000.00140.000.000.000.000.000.000.000.000.000.00150.000.000.000.000.000.000.000.000.000.00160.000.000.000.000.000.000.000.000.000.00170.000.000.000.000.000.000.000.000.000.00180.000.000.000.000.000.000.000.000.000.00190.000.000.000.000.000.000.000.000.000.002000.000.000.000.000.000.000.000.000.000.00VAN0.0000- 00.000.000.000.000.000.000.00A LA INVERSION A PRECIOS SOCIALESTIRERROR:#NUM!ERROR:#NUM!ERROR:#NUM!ERROR:#NUM!ERROR:#NUM!ERROR:#NUM!ERROR:#NUM!ERROR:#NUM!

PRECIOS SOCIALESPRECIOS SOCIALESINVERSIONCOSTOS DE OPERACIN Y MANTENIMIENTO BENEFICIOSC. INCREMENTALFLUJOFLUJOFLUJOFLUJOFLUJOFLUJOFLUJO-20.00%-15.00%-10.00%0.00%10.00%15.00%20.00%0-518,616,081.77-414,892,865.41-440,823,669.50-466,754,473.59-518,616,081.77-570,477,689.94-596,408,494.03-622,339,298.12151,241,847.2851,241,847.2851,241,847.2851,241,847.2851,241,847.2851,241,847.2851,241,847.2851,241,847.28252,270,061.2352,270,061.2352,270,061.2352,270,061.2352,270,061.2352,270,061.2352,270,061.2352,270,061.23352,860,806.9452,860,806.9452,860,806.9452,860,806.9452,860,806.9452,860,806.9452,860,806.9452,860,806.94454,487,693.4554,487,693.4554,487,693.4554,487,693.4554,487,693.4554,487,693.4554,487,693.4554,487,693.45554,420,254.4654,420,254.4654,420,254.4654,420,254.4654,420,254.4654,420,254.4654,420,254.4654,420,254.46656,449,361.2356,449,361.2356,449,361.2356,449,361.2356,449,361.2356,449,361.2356,449,361.2356,449,361.23758,261,319.2058,261,319.2058,261,319.2058,261,319.2058,261,319.2058,261,319.2058,261,319.2058,261,319.20859,651,339.3559,651,339.3559,651,339.3559,651,339.3559,651,339.3559,651,339.3559,651,339.3559,651,339.35960,623,040.7360,623,040.7360,623,040.7360,623,040.7360,623,040.7360,623,040.7360,623,040.7360,623,040.731062,651,051.4062,651,051.4062,651,051.4062,651,051.4062,651,051.4062,651,051.4062,651,051.4062,651,051.401164,268,569.5264,268,569.5264,268,569.5264,268,569.5264,268,569.5264,268,569.5264,268,569.5264,268,569.521271,164,400.3371,164,400.3371,164,400.3371,164,400.3371,164,400.3371,164,400.3371,164,400.3371,164,400.331373,747,445.6473,747,445.6473,747,445.6473,747,445.6473,747,445.6473,747,445.6473,747,445.6473,747,445.641475,949,503.8275,949,503.8275,949,503.8275,949,503.8275,949,503.8275,949,503.8275,949,503.8275,949,503.821577,776,374.9177,776,374.9177,776,374.9177,776,374.9177,776,374.9177,776,374.9177,776,374.9177,776,374.911680,704,984.2080,704,984.2080,704,984.2080,704,984.2080,704,984.2080,704,984.2080,704,984.2080,704,984.201783,270,949.5683,270,949.5683,270,949.5683,270,949.5683,270,949.5683,270,949.5683,270,949.5683,270,949.561885,481,047.9285,481,047.9285,481,047.9285,481,047.9285,481,047.9285,481,047.9285,481,047.9285,481,047.921988,813,233.5088,813,233.5088,813,233.5088,813,233.5088,813,233.5088,813,233.5088,813,233.5088,813,233.5020133,859,658.81133,859,658.81133,859,658.81133,859,658.81133,859,658.81133,859,658.81133,859,658.81133,859,658.81VAN0.000054,212,299.79157,935,516.15132,004,712.06106,073,907.9754,212,299.792,350,691.62-23,580,112.47-49,510,916.56TIR10.26%13.35%12.47%11.66%10.26%9.05%8.51%8.00%

ALTERNATIVA II

PRECIOS DE MERCADOANALISIS DE SENSIBILIDAD A PRECIOS SOCIALESINVERSIONCOSTOS DE OPERACIN Y MANTENIMIENTO BENEFICIOSC. INCREMENTALFLUJOFLUJOFLUJOFLUJOFLUJOFLUJOFLUJOVARIACIONALTERNATIVA IALTERNATIVA IIALTERNATIVA III-20.00%-15.00%-10.00%0.00%10.00%15.00%20.00%INVERSIONVANTIRINVERSIONVANTIRINVERSIONVANTIR00.000.000.000.000.000.000.000.000.0020.00%0.00-49,510,916.568.00%132,213,654.46-169,753,749.835.66%0.00-162,362,256.755.82%10.000.000.000.000.000.000.000.000.000.0015.00%0.00-23,580,112.478.51%126,704,752.19-141,032,029.586.14%0.00-133,640,536.496.30%20.000.000.000.000.000.000.000.000.000.0010.00%0.002,350,691.629.05%121,195,849.92-112,310,309.336.64%0.00-104,918,816.246.80%30.000.000.000.000.000.000.000.000.000.000.00%0.0054,212,299.7910.26%110,178,045.39-54,866,868.827.76%0.00-47,475,375.737.93%40.000.000.000.000.000.000.000.000.000.00-10.00%0.00106,073,907.9711.66%99,160,240.852,576,571.699.06%0.009,968,064.789.24%50.000.000.000.000.000.000.000.000.000.00-15.00%0.00132,004,712.0612.47%93,651,338.5831,298,291.949.80%0.0031,298,291.949.99%60.000.000.000.000.000.000.000.000.000.00-20.00%0.00157,935,516.1513.35%88,142,436.3160,020,012.2010.62%0.0067,411,505.2810.81%70.000.000.000.000.000.000.000.000.000.0080.000.000.000.000.000.000.000.000.000.0090.000.000.000.000.000.000.000.000.000.00100.000.000.000.000.000.000.000.000.000.00110.000.000.000.000.000.000.000.000.000.00120.000.000.000.000.000.000.000.000.000.00130.000.000.000.000.000.000.000.000.000.00140.000.000.000.000.000.000.000.000.000.00150.000.000.000.000.000.000.000.000.000.00160.000.000.000.000.000.000.000.000.000.00170.000.000.000.000.000.000.000.000.000.00180.000.000.000.000.000.000.000.000.000.00190.000.000.000.000.000.000.000.000.000.0020-13,946,5880.000.000.000.000.000.000.000.000.000.00VAN0.00000.000.000.000.000.000.000.000.00TIRERROR:#NUM!ERROR:#NUM!ERROR:#NUM!ERROR:#NUM!ERROR:#NUM!ERROR:#NUM!ERROR:#NUM!ERROR:#NUM!962090038

PRECIOS SOCIALESPRECIOS SOCIALESINVERSIONCOSTOS DE OPERACIN Y MANTENIMIENTO BENEFICIOSC. INCREMENTALFLUJOFLUJOFLUJOFLUJOFLUJOFLUJOFLUJO-20.00%-15.00%-10.00%0.00%10.00%15.00%20.00%0110,178,045.39-574,434,405.07-459,547,524.06-488,269,244.31-516,990,964.57-574,434,405.07-631,877,845.58-660,599,565.84-689,321,286.091206,675.220.0049,241,187.9049,241,187.9049,241,187.9049,241,187.9049,241,187.9049,241,187.9049,241,187.9049,241,187.902206,675.220.0050,029,138.7350,029,138.7350,029,138.7350,029,138.7350,029,138.7350,029,138.7350,029,138.7350,029,138.733125,416.620.0050,279,119.5550,279,119.5550,279,119.5550,279,119.5550,279,119.5550,279,119.5550,279,119.5550,279,119.554206,675.220.0051,726,643.1651,726,643.1651,726,643.1651,726,643.1651,726,643.1651,726,643.1651,726,643.1651,726,643.165206,675.220.0051,377,900.5051,377,900.5051,377,900.5051,377,900.5051,377,900.5051,377,900.5051,377,900.5051,377,900.506125,416.620.0053,022,984.4253,022,984.4253,022,984.4253,022,984.4253,022,984.4253,022,984.4253,022,984.4253,022,984.427206,675.220.0054,609,984.2154,609,984.2154,609,984.2154,609,984.2154,609,984.2154,609,984.2154,609,984.2154,609,984.218206,675.220.0055,670,641.6355,670,641.6355,670,641.6355,670,641.6355,670,641.6355,670,641.6355,670,641.6355,670,641.639125,416.620.0056,207,664.1056,207,664.1056,207,664.1056,207,664.1056,207,664.1056,207,664.1056,207,664.1056,207,664.1010206,675.220.0057,957,322.9957,957,322.9957,957,322.9957,957,322.9957,957,322.9957,957,322.9957,957,322.9957,957,322.9911206,675.220.0059,189,199.1659,189,199.1659,189,199.1659,189,199.1659,189,199.1659,189,199.1659,189,199.1659,189,199.1612125,416.620.0059,906,453.0659,906,453.0659,906,453.0659,906,453.0659,906,453.0659,906,453.0659,906,453.0659,906,453.0613206,675.220.0061,845,833.1361,845,833.1361,845,833.1361,845,833.1361,845,833.1361,845,833.1361,845,833.1361,845,833.1314206,675.220.0063,277,422.5663,277,422.5663,277,422.5663,277,422.5663,277,422.5663,277,422.5663,277,422.5663,277,422.5615125,416.620.0064,204,910.7564,204,910.7564,204,910.7564,204,910.7564,204,910.7564,204,910.7564,204,910.7564,204,910.7516206,675.220.0066,365,603.1166,365,603.1166,365,603.1166,365,603.1166,365,603.1166,365,603.1166,365,603.1166,365,603.1117206,675.220.0068,030,169.3268,030,169.3268,030,169.3268,030,169.3268,030,169.3268,030,169.3268,030,169.3268,030,169.3218125,416.620.0069,202,916.3469,202,916.3469,202,916.3469,202,916.3469,202,916.3469,202,916.3469,202,916.3469,202,916.3419206,675.220.0071,621,799.8871,621,799.8871,621,799.8871,621,799.8871,621,799.8871,621,799.8871,621,799.8871,621,799.8820-11,017,805206,675.220.00121,195,457.55121,195,457.55121,195,457.55121,195,457.55121,195,457.55121,195,457.55121,195,457.55121,195,457.55VAN110,178,045.391177758.7050-54,866,868.8260,020,012.2031,298,291.942,576,571.69-54,866,868.82-112,310,309.33-141,032,029.58-169,753,749.83TIR7.76%10.62%9.80%9.06%7.76%6.64%6.14%5.66%

ALTERNATIVA III

PRECIOS DE MERCADOANALISIS DE SENSIBILIDAD A PRECIOS SOCIALESINVERSIONCOSTOS DE OPERACIN Y MANTENIMIENTO BENEFICIOSC. INCREMENTALFLUJOFLUJOFLUJOFLUJOFLUJOFLUJOFLUJOVARIACIONALTERNATIVA IALTERNATIVA II-45954752405.93%-48826924431.30%-51699096456.68%-57443440507.42%-63187784558.16%-66059956583.53%-68932128608.90%INVERSIONVANTIRINVERSIONVANTIRDETALLEPRECIOS DE MERCADOPRECIOS SOCIALES00.000.000.000.000.000.000.000.000.000.00%0.000.060.00%0.00-162,362,256.755.82%ALTERNATIVA IALTERNATIVA IIALTERNATIVA IALTERNATIVA II10.000.000.000.000.000.000.000.000.000.00-10.00%0.000.060.00%0.00-133,640,536.496.30%INVERSION0.0088,142,436.310.000.0020.000.000.000.000.000.000.000.000.000.00-15.00%0.000.070.00%0.00-104,918,816.246.80%VAN 157,935,516.1560,020,012.200.08-47,475,375.7330.000.000.000.000.000.000.000.000.000.00-20.00%0.000.080.00%0.00-47,475,375.737.93%TIR13.3%10.6%0.0%7.9%40.000.000.000.000.000.000.000.000.000.000.00%0.000.090.00%0.009,968,064.789.24%50.000.000.000.000.000.000.000.000.000.000.00%0.000.100.00%0.0038,689,785.039.99%60.000.000.000.000.000.000.000.000.000.000.00%0.000.110.00%0.0067,411,505.2810.81%70.000.000.000.000.000.000.000.000.000.0080.000.000.000.000.000.000.000.000.000.0090.000.000.000.000.000.000.000.000.000.00100.000.000.000.000.000.000.000.000.000.00110.000.000.000.000.000.000.000.000.000.00120.000.000.000.000.000.000.000.000.000.00130.000.000.000.000.000.000.000.000.000.00140.000.000.000.000.000.000.000.000.000.00150.000.000.000.000.000.000.000.000.000.00160.000.000.000.000.000.000.000.000.000.00170.000.000.000.000.000.000.000.000.000.00180.000.000.000.000.000.000.000.000.000.00190.000.000.000.000.000.000.000.000.000.0020ERROR:#REF!0.000.000.000.000.000.000.000.000.000.00VAN0.00000.000.000.000.000.000.000.000.00TIRERROR:#NUM!ERROR:#NUM!ERROR:#NUM!ERROR:#NUM!ERROR:#NUM!ERROR:#NUM!ERROR:#NUM!ERROR:#NUM!962090038

PRECIOS SOCIALESPRECIOS SOCIALESINVERSIONCOSTOS DE OPERACIN Y MANTENIMIENTO BENEFICIOSC. INCREMENTALFLUJOFLUJOFLUJOFLUJOFLUJOFLUJOFLUJO-20.00%-15.00%-10.00%0.00%10.00%15.00%20.00%00.00-549,291,421.37-459,547,524.06-488,269,244.31-516,990,964.57-574,434,405.07-631,877,845.58-660,599,565.84-689,321,286.0910.000.0049,746,884.0749,746,884.0749,746,884.0749,746,884.0749,746,884.0749,746,884.0749,746,884.0749,746,884.0720.000.0050,570,443.2650,570,443.2650,570,443.2650,570,443.2650,570,443.2650,570,443.2650,570,443.2650,570,443.2630.000.0050,945,600.4450,945,600.4450,945,600.4450,945,600.4450,945,600.4450,945,600.4450,945,600.4450,945,600.4440.000.0052,345,380.2052,345,380.2052,345,380.2052,345,380.2052,345,380.2052,345,380.2052,345,380.2052,345,380.2050.000.0052,038,700.5252,038,700.5252,038,700.5252,038,700.5252,038,700.5252,038,700.5252,038,700.5252,038,700.5260.000.0053,815,784.0053,815,784.0053,815,784.0053,815,784.0053,815,784.0053,815,784.0053,815,784.0053,815,784.0070.000.0055,362,252.7355,362,252.7355,362,252.7355,362,252.7355,362,252.7355,362,252.7355,362,252.7355,362,252.7380.000.0056,472,597.7956,472,597.7956,472,597.7956,472,597.7956,472,597.7956,472,597.7956,472,597.7956,472,597.7990.000.0057,149,679.8257,149,679.8257,149,679.8257,149,679.8257,149,679.8257,149,679.8257,149,679.8257,149,679.82100.000.0058,867,327.8958,867,327.8958,867,327.8958,867,327.8958,867,327.8958,867,327.8958,867,327.8958,867,327.89110.000.0060,157,898.4560,157,898.4560,157,898.4560,157,898.4560,157,898.4560,157,898.4560,157,898.4560,157,898.45120.000.0061,024,732.9561,024,732.9561,024,732.9561,024,732.9561,024,732.9561,024,732.9561,024,732.9561,024,732.95130.000.0062,942,166.8962,942,166.8962,942,166.8962,942,166.8962,942,166.8962,942,166.8962,942,166.8962,942,166.89140.000.0064,443,090.0864,443,090.0864,443,090.0864,443,090.0864,443,090.0864,443,090.0864,443,090.0864,443,090.08150.000.0065,531,405.7665,531,405.7665,531,405.7665,531,405.7665,531,405.7665,531,405.7665,531,405.7665,531,405.76160.000.0067,682,041.0767,682,041.0767,682,041.0767,682,041.0767,682,041.0767,682,041.0767,682,041.0767,682,041.07170.000.0069,428,508.9869,428,508.9869,428,508.9869,428,508.9869,428,508.9869,428,508.9869,428,508.9869,428,508.98180.000.0070,775,369.0870,775,369.0870,775,369.0870,775,369.0870,775,369.0870,775,369.0870,775,369.0870,775,369.08190.000.0073,198,239.7673,198,239.7673,198,239.7673,198,239.7673,198,239.7673,198,239.7673,198,239.7673,198,239.762000.000.00120,334,800.58120,334,800.58120,334,800.58120,334,800.58120,334,800.58120,334,800.58120,334,800.58120,334,800.58VAN0.0000-22,332,392.0367,411,505.2838,689,785.039,968,064.78-47,475,375.73-104,918,816.24-133,640,536.49-162,362,256.75TIR8.48%10.81%9.99%9.24%7.93%6.80%6.30%5.82%

Hoja2

Hoja3