tujuan dan sasaran
DESCRIPTION
TUJUAN DAN SASARAN. TUJUAN. Meningkatkan Shareholders Value. SASARAN. Pengembalian Investasi < 5 Tahun. Pengembalian Investasi = 1% + Biaya Modal. PERHITUNGAN KELAYAKAN BISNIS. Modified Rate of Return. Net Present Value. NPV > 0. Discounted Payback Period. - PowerPoint PPT PresentationTRANSCRIPT
TUJUAN DAN SASARAN
TUJUAN
SASARAN
Meningkatkan Shareholders Value
Pengembalian Investasi < 5 Tahun
Pengembalian Investasi = 1% + Biaya Modal
PERHITUNGAN KELAYAKAN BISNIS
• Modified Rate of Return
• Net Present Value
• Discounted Payback Period
NPV > 0
Disc. Payback Period < Required Payback Period
MIRR > Biaya Modal
NET PRESENT VALUE
Tahun Arus Kas
0 (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
• Modified Rate of Return
• Net Present Value
• Discounted Payback Period
NPV > 0
Disc. Payback Period < Required Payback Period
MIRR > Cost of Capital
Rp28,266,501.44 NPV =
V
DISCOUNTED PAYBACK PERIOD
Tahun PV Arus Kas
0 (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
0
1
2
2,96 Tahun
PERHITUNGAN KELAYAKAN BISNIS
• Modified Rate of Return
• Net Present Value
• Discounted Payback Period
NPV > 0
Disc. Payback Period < Required Payback Period
MIRR > Cost of Capital
Rp28,266,501.44 NPV =
V
V
2.96 Tahun < 5 Tahun
MODIFIED INTERNAL RATE OF RETURN
Tahun Arus Kas
0 (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
=∑CIFt(1+k)n-1Niai Terminal
(1+MIRR)n
PV Biaya =(1+MIRR)n
MIRR = 22.392%
PERHITUNGAN KELAYAKAN BISNIS
• Modified Rate of Return
• Net Present Value
• Discounted Payback Period
NPV > 0
Disc. Payback Period < Required Payback Period
MIRR > Cost of Capital
Rp28,266,501.44 NPV =
V
V
2.96 Tahun < 5 Tahun
V
22.392% > 13.65%