Descripción: “...Then analyzes the historical financial structure of the company and presents the valuation model, primarily through the projection results, finally ¡t ¡s identified the impact of the structure on the value of the company and with different scenarios we demonstrate the hypothesis.To achieve this, we ¡dentified the value drivers and analyzed operating investing and financing flows, which helped us to define the assumptions of the model, adjust and set the initial valuation scenario, then calculated the cost of debt based on coverage indicators, which allowed to calculated credit risk rating ¡in order to assign debt rates. Finally, some scenarios were carried out in terms of amount, duration, source and rate debt, and estimated the value of the company and the change in the Weighted Average Cost of Capital (WACC), based on two ditferent scenarios. 1) Maintaining the same level of perceived risk (same rating) and 2) Changing rating – increasing leverage but decreasing the WACC. ...”