Tahun 0 1 2

Arus Kas Masuk

Pendapatan Rp5,100,000,000 Rp6,625,000,000
Arus Kas Keluar
Bangunan (Rp1,000,000,000)
Mesin-mesin produksi (Rp800,000,000)
Fasilitas-fasilitas pendukung (Rp400,000,000)
Alat transportasi (Rp800,000,000)
Biaya variabel (Rp750,000,000) (Rp937,500,000)
Gaji karyawan (Rp600,000,000) (Rp600,000,000)
Energi (Rp200,000,000) (Rp200,000,000)
Administrasi (Rp80,000,000) (Rp80,000,000)
Maintenance (Rp170,000,000) (Rp170,000,000)
Jumlah (Rp3,000,000,000) Rp3,300,000,000 Rp4,637,500,000
Arus Kas Sebelum Pajak (Rp3,000,000,000) Rp3,300,000,000 Rp4,637,500,000
Depresiasi (Rp1,200,000,000) (Rp720,000,000)
Taxable Income Rp2,100,000,000 Rp3,917,500,000
Pajak Rp525,000,000 Rp391,750,000
Arus Kas Setelah Pajak (Rp3,000,000,000) Rp2,775,000,000 Rp4,245,750,000

Pajak 25%, MARR 12%

NPV = Ft (P/F,i,t)
(Rp1,050,000,000) = (3.000.000.000) + 2.775.000.000(P/F,12%,1) + 3.798.750.000(P/F
= Rp13,942,095,771 Rp283,105,860

IRR untuk i = 15%

119.3767% = (3.000.000.000) + 2.775.000.000(P/F,15%,1) + 3.798.750.000(P/F
= Rp12,584,686,920
untuk i = 12%
= (3.000.000.000) + 2.775.000.000(P/F,12%,1) + 3.798.750.000(P/F
= Rp13,942,095,771

i= 109.8005%

Payback Period untuk 5 tahun

= (3.000.000.000) + 2.775.000.000(P/F,12%,1) + 3.798.750.000(P/F
= Rp13,942,095,771
untuk 4 tahun
= (3.000.000.000) + 2.775.000.000(P/F,12%,1) + 3.798.750.000(P/F
= Rp10,016,322,566
n= 1.44857330244991
(1,4 tahun)
 3 4 5

Rp7,980,000,000 Rp9,300,000,000 Rp9,920,000,000

(Rp800,000,000)
(Rp400,000,000)

(Rp1,050,000,000) (Rp1,162,500,000) (Rp1,200,000,000)

(Rp600,000,000) (Rp600,000,000) (Rp600,000,000)
(Rp200,000,000) (Rp200,000,000) (Rp200,000,000)
(Rp80,000,000) (Rp80,000,000) (Rp80,000,000)
(Rp170,000,000) (Rp170,000,000) (Rp170,000,000)
Rp5,480,000,000 Rp6,287,500,000 Rp7,670,000,000
Rp5,480,000,000 Rp6,287,500,000 Rp7,670,000,000
(Rp432,000,000) (Rp259,200,000) (Rp155,520,000)
Rp5,048,000,000 Rp6,028,300,000 Rp7,514,480,000
Rp504,800,000 Rp602,830,000 Rp751,448,000
Rp4,975,200,000 Rp5,684,670,000 Rp6,918,552,000

0(P/F,12%,1) + 3.798.750.000(P/F,12%,2) + 4.443.000.000(P/F,12%,3) + 5.089.000.000(P/F,12%,4) + 6.128.880.000(P/F,12%,5

Rp454,416,402

0(P/F,15%,1) + 3.798.750.000(P/F,15%,2) + 4.443.000.000(P/F,15%,3) + 5.089.000.000(P/F,15%,4) + 6.128.880.000(P/F,15%,5

0(P/F,12%,1) + 3.798.750.000(P/F,12%,2) + 4.443.000.000(P/F,12%,3) + 5.089.000.000(P/F,12%,4) + 6.128.880.000(P/F,12%,5

0(P/F,12%,1) + 3.798.750.000(P/F,12%,2) + 4.443.000.000(P/F,12%,3) + 5.089.000.000(P/F,12%,4) + 6.128.880.000(P/F,12%,5

0(P/F,12%,1) + 3.798.750.000(P/F,12%,2) + 4.443.000.000(P/F,12%,3) + 5.089.000.000(P/F,12%,4)

 (Rp1,800,000,000)

(P/F,12%,4) + 6.128.880.000(P/F,12%,5)

(P/F,15%,4) + 6.128.880.000(P/F,15%,5)

(P/F,12%,4) + 6.128.880.000(P/F,12%,5)

(P/F,12%,4) + 6.128.880.000(P/F,12%,5)

(P/F,12%,4)
 Periode 0 1 2
Cash in flow
volume penjualan (unit) 100000 125000
% ketercapaian penjualan 100% 100%
Ketercapaian volume penjualan 100000 125000
harga (Rp 000,-/unit) Rp51.00 Rp53.00
% ketercapaian harga 100% 100%
ketercapaian harga Rp51.00 Rp53.00
Total cash in flow(Rp) Rp0.00 Rp5,100,000.00 Rp6,625,000.00
Cash Out flow
investasi awal (Rp000,-) Rp3,000,000.00
Biaya mesin dan peralatan (Rp000,-)
Biaya tetap (Rp000,- ) Rp1,050,000.00 Rp1,050,000.00
Biaya variabel (Rp000,-) Rp7.50 Rp7.50
Total biaya variabel (Rp000,-) Rp750,000.00 Rp937,500.00
Total cash out flow(Rp) Rp3,000,000.00 Rp1,800,000.00 Rp1,987,500.00

Net cash flow -Rp3,000,000.00 Rp3,300,000.00 Rp4,637,500.00

NPV= Rp15,891,954.84
AW= Rp4,192,250.01 0.263797
FW= Rp25,594,152.19 1.61051
IRR= 134%
 3 4 5 dst

140000 155000 160000

100% 100% 100%
140000 155000 160000
Rp57.00 Rp60.00 Rp62.00
100% 100% 100%
Rp57.00 Rp60.00 Rp62.00
Rp7,980,000.00 Rp9,300,000.00 Rp9,920,000.00

Rp400,000.00 Rp800,000.00
Rp1,050,000.00 Rp1,050,000.00 Rp1,050,000.00
Rp7.50 Rp7.50 Rp7.50
Rp1,050,000.00 Rp1,162,500.00 Rp1,200,000.00
Rp2,100,000.00 Rp2,212,500.00 Rp2,250,000.00

Rp5,480,000.00 Rp6,287,500.00 Rp7,670,000.00

 ASSUMPTIONS
TIME UNIT START UNITS INCREMENT UNIT PRICE UNIT VARIABLE COST
Periode 0 100,000 56,600 7,500

Unit Sales Variable Cost Fixed Cost Total Cost

0 0 0 Rp3,000,000,000 Rp3,000,000,000
100000 Rp5,660,000,000 Rp750,000,000 Rp1,050,000,000 Rp1,800,000,000
200,000 Rp11,320,000,000 Rp1,500,000,000 Rp1,050,000,000 Rp2,550,000,000
300,000 Rp16,980,000,000 Rp2,250,000,000 Rp1,450,000,000 Rp3,700,000,000
400,000 Rp22,640,000,000 Rp3,000,000,000 Rp1,850,000,000 Rp4,850,000,000
500,000 Rp28,300,000,000 Rp3,750,000,000 Rp1,050,000,000 Rp4,800,000,000
600,000 Rp33,960,000,000 Rp4,500,000,000 Rp1,450,000,000 Rp5,950,000,000
700,000 Rp39,620,000,000 Rp5,250,000,000 Rp1,050,000,000 Rp6,300,000,000
800,000 Rp45,280,000,000 Rp6,000,000,000 Rp1,850,000,000 Rp7,850,000,000
900,000 Rp50,940,000,000 Rp6,750,000,000 Rp1,450,000,000 Rp8,200,000,000
1,000,000 Rp56,600,000,000 Rp7,500,000,000 Rp1,050,000,000 Rp8,550,000,000
1,100,000 Rp62,260,000,000 Rp8,250,000,000 Rp1,050,000,000 Rp9,300,000,000
1,200,000 Rp67,920,000,000 Rp9,000,000,000 Rp2,250,000,000 Rp11,250,000,000
1,300,000 Rp73,580,000,000 Rp9,750,000,000 Rp1,050,000,000 Rp10,800,000,000
1,400,000 Rp79,240,000,000 Rp10,500,000,000 Rp1,050,000,000 Rp11,550,000,000
1,500,000 Rp84,900,000,000 Rp11,250,000,000 Rp1,450,000,000 Rp12,700,000,000
1,600,000 Rp90,560,000,000 Rp12,000,000,000 Rp1,850,000,000 Rp13,850,000,000
1,700,000 Rp96,220,000,000 Rp12,750,000,000 Rp1,050,000,000 Rp13,800,000,000
1,800,000 Rp101,880,000,000 Rp13,500,000,000 Rp1,450,000,000 Rp14,950,000,000
1,900,000 Rp107,540,000,000 Rp14,250,000,000 Rp1,050,000,000 Rp15,300,000,000
2,000,000 Rp113,200,000,000 Rp15,000,000,000 Rp1,850,000,000 Rp16,850,000,000
2,100,000 Rp118,860,000,000 Rp15,750,000,000 Rp1,450,000,000 Rp17,200,000,000
2,200,000 Rp124,520,000,000 Rp16,500,000,000 Rp1,050,000,000 Rp17,550,000,000
 Break Even Poin
X Break Even Poin Y Label
21,384.93 1,210,386,965 BEP=21384.9287169043
TOTAL FIX COST
1,050,000,000

Income Statement Rp140,000,000,000

(Rp3,000,000,000)
Rp3,860,000,000 Rp120,000,000,000
Rp8,770,000,000
Rp13,280,000,000
Rp17,790,000,000 Rp100,000,000,000
Rp23,500,000,000
Rp28,010,000,000
Rp33,320,000,000 Rp80,000,000,000
Rp37,430,000,000
Rp42,740,000,000
Rp48,050,000,000 Rp60,000,000,000
Rp52,960,000,000
Rp56,670,000,000
Rp62,780,000,000 Rp40,000,000,000
Rp67,690,000,000
Rp72,200,000,000
Rp76,710,000,000 Rp20,000,000,000
Rp82,420,000,000
Rp86,930,000,000
Rp92,240,000,000
Rp0
Rp96,350,000,000 0 500000 1000000 1500000 2000000
Rp101,660,000,000
Sales Fixed Cost Total Cost
Rp106,970,000,000
2000000 2500000
 Unit Sales Variable Cost Fixed Cost Total Cost
0 0 0 Rp3,000,000,000 Rp3,000,000,000
100000 Rp5,100,000,000 Rp750,000,000 Rp1,050,000,000 Rp1,800,000,000
125000 Rp6,625,000,000 Rp937,500,000 Rp1,050,000,000 Rp1,987,500,000
140000 Rp7,980,000,000 Rp1,050,000,000 Rp1,450,000,000 Rp2,500,000,000
155000 Rp9,300,000,000 Rp1,162,500,000 Rp1,850,000,000 Rp3,012,500,000
160000 Rp9,920,000,000 Rp1,200,000,000 Rp1,050,000,000 Rp2,250,000,000

Break Even Point

Rp12,000,000,000

Rp10,000,000,000 f(x) = 1815857142.85714 x + 132000000

Rp8,000,000,000

Rp6,000,000,000

Rp4,000,000,000

Rp2,000,000,000 f(x) = 11428571.4285713 x + 2385000000

Rp0
0 100000 125000 140000 155000 160000

Sales Linear (Sales) Biaya Variabel

Biaya Tetap Total Cost Linear (Total Cost)
 Income Statement
(Rp3,000,000,000)
Rp3,300,000,000
Rp4,637,500,000
Rp5,480,000,000
Rp6,287,500,000
Rp7,670,000,000

160000

bel
Cost)