Tabel 1.

Cash Out Flows dan Cash In Flows

1 2 3 4=3-2 5 6 7=6-5 8 9
PROYEK A PROYEK B PROYEK C
TAHUN
TC B NET B TC B NET B TC B
0 750 0 -750 400 0 -400 200 0
1 400 400 0 275 275 0 285 155
2 360 375 15 80 250 170 40 160
3 210 500 290 80 250 170 40 170
4 220 500 280 80 250 170 40 170
5 230 600 370 100 300 200 45 180
6 340 600 260 100 300 200 45 180
7 250 600 350 100 300 200 45 180
8 250 600 350 100 350 250 45 190
9 250 600 350 100 350 250 45 190
10 250 600 350 100 350 250 45 190
3510 5375 1865 1515 2975 1460 875 1765

NPV NET B/C

Tingkat Bunga (i') 16 % Tingkat Bunga (i') 16 %
Proyek A = 286,4285 Proyek A = 1,3819
Proyek B = 375,8815 Proyek B = 1,9397
Proyek C = 214,8719 Proyek C = 1,6885

Tingkat Bunga (i") 35 % Tingkat Bunga (i") 35 %

Proyek A = -298,6763 Proyek A = 0,6018
Proyek B = -32,4498 Proyek B = 0,9189
Proyek C = -39,4583 Proyek C = 0,8668

Tabel 2 . NPV, Net B/C dan IRR

Proyek NPV Net B/C IRR (%)

A 286,4285 1,3819 0,2530
B 375,8815 1,9397 0,3349
C 214,8719 1,6885 0,3205
ws dan Cash In Flows Investasi A, B dan C
10 = 9 - 8 11 12 = 11 x 4 13 = 11 x7 14= 11 x 10 15 16 17 18
PROYEK C DF PV 16 %, PROYEK DF PV 35 %, PROYEK
NET B 16 % A B C 35 % A B C
-200 1,0000 -750,0000 -400,0000 -200,0000 1,0000 -750,0000 -400,0000 -200,0000
-130 0,8621 0,0000 0,0000 -112,0690 0,7407 0,0000 0,0000 -96,2963
120 0,7432 11,1474 126,3377 89,1795 0,5487 8,2305 93,2785 65,8436
130 0,6407 185,7907 108,9118 83,2855 0,4064 117,8682 69,0952 52,8375
130 0,5523 154,6415 93,8895 71,7978 0,3011 84,2991 51,1816 39,1389
135 0,4761 176,1618 95,2226 64,2753 0,2230 82,5150 44,6027 30,1068
135 0,4104 106,7150 82,0885 55,4097 0,1652 42,9507 33,0390 22,3014
135 0,3538 123,8403 70,7659 47,7670 0,1224 42,8284 24,4734 16,5195
145 0,3050 106,7589 76,2564 44,2287 0,0906 31,7247 22,6605 13,1431
145 0,2630 92,0335 65,7382 38,1282 0,0671 23,4998 16,7856 9,7356
145 0,2267 79,3393 56,6709 32,8691 0,0497 17,4073 12,4338 7,2116
890 286,4285 375,8815 214,871867 -298,676 -32,4498 -39,4583

IRR = i + NPV+__ (i” – i’)

IRR NPV+ - NPV-
Tingkat Bunga (i' = 16 % dan i" = 35 %)
Proyek A = 0,253
Proyek B = 0,335
Proyek C = 0,321

NPV
400 375,8815

300 286,4285

200 214,8719

100

16 35 -32,4498 TKT BUNGA (i)

-100 16 -39,4583
B
-200
-298,676
-300 A