BIAYA INVESTASI

Alternatif 1
Tahun
Pembelian Alat
Infrastruktur
Working Capital
1966
2175000
1050000
1967
2175000
1050000
300000

Total
3225000
3525000

YA INVESTASI
Alternatif 2
Pembelian Alat
Infrastruktur
Working Capital
1700000
900000
1700000
900000
200000

Total
2600000
2800000

Tahun
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988

BIAYA TETAP
Alternatif 1
Alternatif 2
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000
300000
350000

BIAYA VARIABEL
Raw Material

Tahun

Limestone
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987

276000
276000
276000
276000
276000
276000
276000
276000
276000
276000
276000
276000
276000
276000
276000
276000
276000
276000
276000
276000

Gypsum
72000
72000
72000
72000
72000
72000
72000
72000
72000
72000
72000
72000
72000
72000
72000
72000
72000
72000
72000
72000

Power
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000

in US$
Limestone:
Gypsum:
Power:
Worker fee:
Maintainance:
Packing:

Variabel
Worker Fee

Fuel

1.38 * 200000
(((10/1000) * 30) * 200000 * 0.2) + 60000
1.2 * 200000
Alternatif 1 = 0.8 * 200000
Alternatif 2 = 1.2 * 200000
Alternatif 1 = 0.6 * 200000
Alternatif 2 = 0.5 * 200000
1.4 * 200000

Alternatif 1
648000
648000
648000
648000
648000
648000
648000
648000
648000
648000
648000
648000
648000
648000
648000
648000
648000
648000
648000
648000

Alternatif 2
460000
460000
460000
460000
460000
460000
460000
460000
460000
460000
460000
460000
460000
460000
460000
460000
460000
460000
460000
460000

Alternatif 1
160000
160000
160000
160000
160000
160000
160000
160000
160000
160000
160000
160000
160000
160000
160000
160000
160000
160000
160000
160000

Total

Maintainance

Alternatif 2
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000
240000

Alternatif 1
120000
120000
120000
120000
120000
120000
120000
120000
120000
120000
120000
120000
120000
120000
120000
120000
120000
120000
120000
120000

Alternatif 2
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000

Packing
280000
280000
280000
280000
280000
280000
280000
280000
280000
280000
280000
280000
280000
280000
280000
280000
280000
280000
280000
280000

Transport
839.5
816.5
795.3
774.3
753.3
732.3
711.3
690.3
669.3
848.3
627.3
606.3
600
600
600
600
600
600
600
600

Alternatif 1
Alternatif 2
1796839.5
1668839.5
1796816.5
1668816.5
1796795.3
1668795.3
1796774.3
1668774.3
1796753.3
1668753.3
1796732.3
1668732.3
1796711.3
1668711.3
1796690.3
1668690.3
1796669.3
1668669.3
1796848.3
1668848.3
1796627.3
1668627.3
1796606.3
1668606.3
1796600
1668600
1796600
1668600
1796600
1668600
1796600
1668600
1796600
1668600
1796600
1668600
1796600
1668600
1796600
1668600

ALTERNATIF I
Tahun
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987

Investasi

Revenue

Depresiasi

Fixed Operational
Variable
Total Operational
Cost
Operational Cost
Cost

Profit Before
Tax

Profit After
Tax

-3525000
-3525000

Revenue:
Total Operational Cost:
Profit Before Tax:
Profit After Tax:
Net Cash Flow:
Present Value:

4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000

642500
642500
642500
642500
642500
512000
512000
512000
512000
512000
392500
392500
392500
392500
392500
392500
392500
392500
392500
392500

300000
300000
300000
300000
300000
300000
300000
300000
300000
300000
300000
300000
300000
300000
300000
300000
300000
300000
300000
300000

1796839.5
1796816.5
1796795.3
1796774.3
1796753.3
1796732.3
1796711.3
1796690.3
1796669.3
1796848.3
1796627.3
1796606.3
1796600
1796600
1796600
1796600
1796600
1796600
1796600
1796600
NPV

23 * 200000
Fixed Cost + Variabel Cost
Revenue - (Total Operational Cost + Depresisasi)
Profit Before Tax * 20%
Profit After Tax + Depresiasi
p/f * Net Cash Flow

2096839.5
2096816.5
2096795.3
2096774.3
2096753.3
2096732.3
2096711.3
2096690.3
2096669.3
2096848.3
2096627.3
2096606.3
2096600
2096600
2096600
2096600
2096600
2096600
2096600
2096600

1860660.5
1860683.5
1860704.7
1860725.7
1860746.7
1991267.7
1991288.7
1991309.7
1991330.7
1991151.7
2110872.7
2110893.7
2110900
2110900
2110900
2110900
2110900
2110900
2110900
2110900

1488528.4
1488546.8
1488563.76
1488580.56
1488597.36
1593014.16
1593030.96
1593047.76
1593064.56
1592921.36
1688698.16
1688714.96
1688720
1688720
1688720
1688720
1688720
1688720
1688720
1688720

Net Cash Flow

-3225000
-3525000
2131028.4
2131046.8
2131063.76
2131080.56
2131097.36
2105014.16
2105030.96
2105047.76
2105064.56
2104921.36
2081198.16
2081214.96
2081220
2081220
2081220
2081220
2081220
2081220
2081220
2081220

p/f 10%

0.9091
0.8264
0.7513
0.6830
0.6209
0.5645
0.5132
0.4665
0.4241
0.3855
0.3505
0.3186
0.2897
0.2633
0.2394
0.2176
0.1978
0.1799
0.1635
0.1486
0.1351

Present Value
-3225000
-3204545.45454545
1761180.49586777
1601087.00225394
1455545.22232088
1323233.36086084
1202948.90212643
1080205.10519459
982012.47840998
892745.741576334
811593.514923929
737762.095568075
663133.87153809
602853.840487116
548050.273086899
498227.52098809
452934.109989173
411758.281808339
374325.710734854
340296.100668049
309360.091516408
281236.446833098
$
9,900,944.71

ALTERNATIF II
Tahun

Investasi

1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987

Revenue:
Total Operational Cost:
Profit Before Tax:
Profit After Tax:
Net Cash Flow:
Present Value:

Revenue

Depresiasi

Fixed Operational
Cost

Variable
Operational Cost

Total Operational
Cost

Profit Before Tax Profit After Tax Net Cash Flow

-2600000
-2800000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000
4600000

550000
550000
550000
550000
550000
420000
420000
420000
420000
420000
330000
330000
330000
330000
330000
330000
330000
330000
330000
330000

350000
350000
350000
350000
350000
350000
350000
350000
350000
350000
350000
350000
350000
350000
350000
350000
350000
350000
350000
350000

23 * 200000
Fixed Cost + Variabel Cost
Revenue - (Total Operational Cost + Depresisasi)
Profit Before Tax * 20%
Profit After Tax + Depresiasi
p/f * Net Cash Flow

1668839.5
1668816.5
1668795.3
1668774.3
1668753.3
1668732.3
1668711.3
1668690.3
1668669.3
1668848.3
1668627.3
1668606.3
1668600
1668600
1668600
1668600
1668600
1668600
1668600
1668600
NPV

2018839.5
2018816.5
2018795.3
2018774.3
2018753.3
2018732.3
2018711.3
2018690.3
2018669.3
2018848.3
2018627.3
2018606.3
2018600
2018600
2018600
2018600
2018600
2018600
2018600
2018600

2031160.5
2031183.5
2031204.7
2031225.7
2031246.7
2161267.7
2161288.7
2161309.7
2161330.7
2161151.7
2251372.7
2251393.7
2251400
2251400
2251400
2251400
2251400
2251400
2251400
2251400

1624928.4
1624946.8
1624963.76
1624980.56
1624997.36
1729014.16
1729030.96
1729047.76
1729064.56
1728921.36
1801098.16
1801114.96
1801120
1801120
1801120
1801120
1801120
1801120
1801120
1801120

-2600000
-2800000
2174928.4
2174946.8
2174963.76
2174980.56
2174997.36
2149014.16
2149030.96
2149047.76
2149064.56
2148921.36
2131098.16
2131114.96
2131120
2131120
2131120
2131120
2131120
2131120
2131120
2131120

p/f

Present Value

0.9091
0.8264
0.7513
0.6830
0.6209
0.5645
0.5132
0.4665
0.4241
0.3855
0.3505
0.3186
0.2897
0.2633
0.2394
0.2176
0.1978
0.1799
0.1635
0.1486
0.1351
$

-2600000
-2545454.54545455
1797461.48760331
1634069.72201352
1485529.51301141
1350491.80694314
1227729.30765579
1102784.06239674
1002538.80313921
911406.036784723
828557.419658829
753183.827145257
679033.549341836
617308.093035976
561190.502676773
510173.184251611
463793.803865101
421630.730786456
383300.664351323
348455.149410294
316777.408554813
287979.462322557
11,537,939.99

Net Cash Flow Diagram Alternatif 1

Net Cash Flow Diagram Alternatif 2

3000000

3000000

2000000

2000000

1000000

1000000

-1000000

-1000000

-2000000

-2000000

-3000000

-3000000

-4000000

-4000000

Uji Kelayakan
NPV - Investasi
Alternatif 1:
9900944.71-7050000=2850945
Alternatif 2:
11537939.99-5600000=5937940
Usaha ini layak dan lebih baik menggunakan alternatif kedua.