Aula_02 Adm. Financeira 2016 Estacio
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Transcript of Aula_02 Adm. Financeira 2016 Estacio
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Administração Financeira
Daniel FerreiraCaixe
Aula 2
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Agenda
• Métodos de análise de investimento: (orçamento de capital).
• Payback simples (efetivo) e descontado.
• Taxa Interna de Retorno (TIR/IRR).
• Valor Presente Líquido (VPL/NPV).
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Payback simples
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Payback simples
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Payback descontado
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Payback descontado
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Payback descontado
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Taxa Interna de Retorno (TIR)
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Taxa Interna de Retorno (TIR)
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Taxa Interna de Retorno (TIR)
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HP 12C
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HP 12C
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Excel
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Valor Presente Líquido (VPL)
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Valor Presente Líquido (VPL)
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HP 12C
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Excel
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Administração Financeira
Daniel FerreiraCaixe
Atividade 2
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Atividade 2
• Para a avaliação de projetos de investimento, é preferível utilizar o VPL ou a TIR?
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Atividade 2
• TIR:Pressuposto: os fluxo de caixa
intermediários são reinvestidos à TIR.
• VPL:Pressuposto: os fluxo de caixa
intermediários são reinvestidos à TMA.
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Atividade 2
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Atividade 2
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