TUJUAN DAN SASARAN TUJUAN SASARAN Meningkatkan Shareholders Value Pengembalian Investasi < 5 Tahun Pengembalian Investasi = 1% + Biaya Modal
PERHITUNGAN KELAYAKAN BISNIS Net Present Value NPV > 0 Discounted Payback Period Disc. Payback Period < Required Payback Period Modified Rate of Return MIRR > Biaya Modal
NET PRESENT VALUE 13.65% TOTAL NPV: Rp28,266,501.44 Tahun Arus Kas (Rp50,000,000.00) 1 Rp48,141,755.00 2 Rp29,212,888.72 3 (Rp19,082,402.91) 4 Rp15,191,127.71 5 Rp32,572,165.40 Total Rp56,035,533.92 PV Arus Kas (Rp50,000,000.00) Rp42,360,779.43 Rp22,618,226.69 (Rp13,000,472.40) Rp9,106,638.80 Rp17,181,328.91 Rp28,266,501.44 13.65% TOTAL NPV: Rp28,266,501.44
PERHITUNGAN KELAYAKAN BISNIS Net Present Value V NPV > 0 NPV = Rp28,266,501.44 Discounted Payback Period Disc. Payback Period < Required Payback Period Modified Rate of Return MIRR > Cost of Capital
DISCOUNTED PAYBACK PERIOD Tahun PV Arus Kas (Rp50,000,000.00) 1 Rp42,360,779.43 2 Rp22,618,226.69 3 (Rp13,000,472.40) 4 Rp9,106,638.80 5 Rp17,181,328.91 Total Rp28,266,501.44 PV Arus Kas (Rp124,940,874.63) Rp42,360,779.43 Rp22,618,226.69 Rp61,940,402.23 Rp9,106,638.80 Rp17,181,328.91 Arus Kas Kumulatif (Rp124,940,874.63) (Rp82,580,095.20) (Rp59,961,868.51) Rp1,978,533.73 Rp11,085,172.52 Rp28,266,501.44 1 2 2,96 Tahun
PERHITUNGAN KELAYAKAN BISNIS Net Present Value V NPV > 0 NPV = Rp28,266,501.44 Discounted Payback Period V Disc. Payback Period < Required Payback Period 2.96 Tahun < 5 Tahun Modified Rate of Return MIRR > Cost of Capital
MODIFIED INTERNAL RATE OF RETURN Tahun Arus Kas (Rp50,000,000.00) 1 Rp48,141,755.00 2 Rp29,212,888.72 3 (Rp19,082,402.91) 4 Rp15,191,127.71 5 Rp32,572,165.40 Total Rp56,035,533.92 Niai Terminal ∑CIFt(1+k)n-1 PV Biaya = = (1+MIRR)n (1+MIRR)n MIRR = 22.392%
PERHITUNGAN KELAYAKAN BISNIS Net Present Value V NPV > 0 NPV = Rp28,266,501.44 Discounted Payback Period V Disc. Payback Period < Required Payback Period 2.96 Tahun < 5 Tahun Modified Rate of Return V MIRR > Cost of Capital 22.392% > 13.65%