PROYEK A

Investasi awal
Usia proyek
Discount rate
Tahun
1
2
3
4
5
6

60,000,000,000 IDR
6 tahun
10%

Proyeksi laba setelah

pajak
10,000,000,000
10,000,000,000
10,000,000,000
10,000,000,000
10,000,000,000
10,000,000,000

Profitabilitas Index =

Depresiasi
10,000,000,000
10,000,000,000
10,000,000,000
10,000,000,000
10,000,000,000
10,000,000,000

Net Cash Inflow

20,000,000,000
20,000,000,000
20,000,000,000
20,000,000,000
20,000,000,000
20,000,000,000

PVA kas masuk

PVA kas keluar
= 1.45

Payback period =

atau

3 tahun

Discount factor 10%, n

0.90909
0.82645
0.75131
0.68301
0.62092
0.56447
Jumlah PV
PV pengeluaran
NPV

Present Value of
Net Cash Inflow
18,181,818,182
16,528,925,620
15,026,296,018
13,660,269,107
12,418,426,461
11,289,478,601

Tahun
18,181,818,182
34,710,743,802
49,737,039,820
63,397,308,927

87,105,213,989
60,000,000,000
27,105,213,989

(investasi awal - net cas inflow 3 thn)

(net cash inflow 4 thn - net cash inflow 3 thn)
60,000,000,000
49,737,039,820
10,262,960,180
63,397,308,927
49,737,039,820
13,660,269,107

9.02 bulan

1
2
3
4
5
6

PROYEK B
Investasi awal
Usia proyek
Discount rate

72,000,000,000 IDR
6 tahun
10%

Proyeksi laba setelah

pajak
33,000,000,000
10,000,000,000
8,000,000,000
1,000,000,000
1,000,000,000
1,000,000,000

Profitabilitas Index =

Depresiasi

Net Cash Inflow

12,000,000,000
12,000,000,000
12,000,000,000
12,000,000,000
12,000,000,000
12,000,000,000

45,000,000,000
22,000,000,000
20,000,000,000
13,000,000,000
13,000,000,000
13,000,000,000

PVB kas masuk

PVB kas keluar
= 1.37
72,000,000,000
87,000,000,000

67,000,000,000
67,000,000,000

Payback period =

2 tahun

atau

2 tahun

Discount factor
10%, n
0.90909
0.82645
0.75131
0.68301
0.62092
0.56447
Jumlah PV
PV pengeluaran
NPV

Present Value of Net Cash Inflow

40,909,090,909
18,181,818,182
15,026,296,018
8,879,174,920
8,071,977,200
7,338,161,091
98,406,518,319
72,000,000,000
26,406,518,319

5,000,000,000 (investasi awal - net cas inflow 2 thn)

20,000,000,000 (net cash inflow 3 thn - net cash inflow 2 thn)
3 bulan

10.31 bulan

40,909,090,909
59,090,909,091
74,117,205,109

Proyek A
Tahun
1
2
3
4
5
6

Investasi Awal
60,000,000,000
50,000,000,000
40,000,000,000
30,000,000,000
20,000,000,000
10,000,000,000

Depresiasi
10,000,000,000
10,000,000,000
10,000,000,000
10,000,000,000
10,000,000,000
10,000,000,000

Investasi Akhir
50,000,000,000
40,000,000,000
30,000,000,000
20,000,000,000
10,000,000,000
0

Jumlah
Rata-Rata
ARR
(rata-rata laba setelah pajak / rata rata investasi)

Rata-rata Investasi
55,000,000,000
45,000,000,000
35,000,000,000
25,000,000,000
15,000,000,000
5,000,000,000
180,000,000,000
30,000,000,000

Proyeksi Laba
Rate of Return
setelah Pajak
10,000,000,000
18%
10,000,000,000
22%
10,000,000,000
29%
10,000,000,000
40%
10,000,000,000
67%
10,000,000,000
200%
60,000,000,000
10,000,000,000
33%

376%
63%

Tahun
1
2
3
4
5
6

ProyekB
Investasi Awal
72,000,000,000
60,000,000,000
48,000,000,000
36,000,000,000
24,000,000,000
12,000,000,000

Depresiasi
12,000,000,000
12,000,000,000
12,000,000,000
12,000,000,000
12,000,000,000
12,000,000,000

Investasi Akhir

Rata-rata Investasi

60,000,000,000
48,000,000,000
36,000,000,000
24,000,000,000
12,000,000,000
0

66,000,000,000
54,000,000,000
42,000,000,000
30,000,000,000
18,000,000,000
6,000,000,000

Jumlah
Rata-Rata
ARR
(rata-rata laba setelah pajak / rata rata investasi)

216,000,000,000
36,000,000,000

Proyeksi Laba
Rate of
setelah Pajak
Return
33,000,000,000
15%
10,000,000,000
19%
8,000,000,000
24%
1,000,000,000
33%
1,000,000,000
56%
1,000,000,000
167%
54,000,000,000
9,000,000,000
25%

313%
52%

Payback Period Sabun Krim

Investasi
Tahun
1
2
3
4
5

150,000,000

Net Cash Inflow

64,974,000 64,974,000
61,600,000 126,574,000
68,975,000
70,400,000
72,000,000
23,426,000

2 tahun +

bulan

Payback Period Sabun Bubuk

Investasi
Tahun
1
2
3
4
5

200,000,000

Net Cash Inflow

62,160,000 62,160,000
67,450,000 129,610,000
63,650,000 193,260,000
74,750,000
69,600,000
6,740,000

3 tahun +

bulan