Viabilidade econômica da aquisição de um novo sistema de pintura para equipamentos agrícolas

Abstract

This study aims to analyze the economic viability of the acquisition of a paint system with automatic color changer, in conjunction with an electrostatic application system, in an agricultural implements industry located in the southwest of Paraná. By means of a case study, this Investment Project (PI) is evaluated using the Multi-Index Expanded Methodology (MMIA) proposed by Souza and Clemente (2009) and extended by Lima et al. (2015) and Lima (2016). All calculations were performed using web application $AV€PI over a 120-month horizon, using a Minimum Attractiveness Rate (TMA) of 1.09% per month. The result of the economic feasibility study was of great important for the company's decision making, since it demonstrated that the acquisition of the equipment presents an excellent return, with the ROIA/TMA index equal to 104.84%, according to the scale proposed by Lima (2016). On the other hand, in the dimension of risks, it was observed that the return on investment occurs in the twenty-second month and that the Internal Rate of Return (IRR) equal to 5.41% per month, is far from the TMA used (1.09%), Thus characterizing a low-risk investment (LIMA, 2016). Finally, elastic limits were analyzed which show that the project may suffer high variations in the TMA and the initial investment value, however, the cash flow cannot vary more than 74.42%. After analyzing the indicators, the company opted for the acquisition of the equipment in question.