5.

Analisa Kelayakan Investasi

5.4.1 Analisa Payback Period

Perhitungan:
Cash Balance Periode 7 = - Rp. 326.091.499
Cash Balance Periode 8 = Rp. 411.709.004
Payback Period
= Laba Periode X = 0
Interpolasi:
7X Rp .326.091 .499
=
X8 0Rp . 411.709 .004

( 7 X ) ( Rp . 411.709 .004 )=( X 8 ) ( Rp. 326.091.499 )

( Rp. 2.881 .963.028 )+ (Rp . 411.709 .004 X ) =( Rp . 326.091.499 X ) + (Rp .2.608 .731 .990 )
(Rp . 411.709 .004 X )( Rp .326.091 .499 X )=(Rp. 2.608 .731.990 )( Rp.2 .881.963 .028 )
Rp . 737.800.503 X =Rp . 5.490.695 .018
X=

Rp 5.490.695 .018
=7,442 periode
Rp .737.800 .503

Jadi, waktu terjadi Payback Period adalah 7,442 periode.

5.4.2 Analisa NPV

Perhitungan Periode 1:
1
1
1
DF = (1+6,75 )n = (1+0,0675)1 = 1,06751 =0,93
Present Value =

Net Benefit DF =Rp .218.609 .783 0,93=Rp. 204.786 .682

Jadi, karena nilai NPV > 0 yaitu Rp. 651.007.725 > 0, maka investasi layak dilakukan.
5.4.3 Analisa IRR
NPV1 (i = 6,75%)

NPV2 (i = 30%)

 Perhitungan IRR
NPV 1
IRR=i 1 +
( i 2i 1 )
NPV 1NPV 2

Rp 1.425 .516 .943

Rp651.007 .725() ( 306,75 )
Rp 651.007 .725

IRR=6,75+
IRR=6,75+

Rp .651.007 .725
( 23,25 )
( Rp2.076
.524 .668 )

IRR=6,75+(0,438 ( 23,25 ))
IRR=6,75+ 10,188

IRR=16,94 %
MARR = 6,75 %
Jadi, karena nilai IRR > MARR yaitu 16,94% > 6,75%, maka investasi layak dilakukan.