No Kawasan Luas Tanah (m2) Harga Lahan/m2 Konstruksi Gedung Pengadaan Lahan

1 Unika BSB 70,000 1,100,000 3,200,000 77,000,000,000

Biaya Konstruksi Gedung Total Investasi
224,000,000,000 301,000,000,000
224,000,000,000
11,200,000,000
2,240,000,000
 fasilitas mahasiswa Jarak Tempuh Mahasis
No
fasilitas biaya frekuensi Rute jarak tempuh
1 Kos 1,300,000 /bulan 6 bulan Ungaran - BSB 14 km
2 fotocopy 15,000 /minggu 6 bulan Gajah - BSB 15.40 km
3 Tempat makan 30,000 /hari 6 bulan Jangli - BSB 21 km
4 Fatmawati - BSB 23 km
Jarak Tempuh Mahasiswa Gedung
BBM/hari (L) Tarif Pertalite/L Frekuensi Kawasan panjang lebar
1.12 7,650 20 /bulan Gedung Justinus di
20 25
1.23 7,650 20 /bulan Pawiyatan
1.68 7,650 20 /bulan
1.84 7,650 20 /bulan
Gedung Opportunity Cost
luas tanah (m2) harga tanah/m2 fasilitas jarak tempuh gedung
7,800,000 171,360 1,250,000,000
500 2,500,000
360,000 188,190
5,400,000 257,040
281,520
13,560,000 898,110 1,250,000,000
 Program Studi baru Peningkatan Pendapa
No
Keterangan Jumlah Frekuensi Jumlah Mahasiswa Fasilitas

1 SKS 5,250,000 /semester 8 semester 300 mahasiswa Cafe

2 UKP 3,850,000 /semester 8 semester 300 mahasiswa Kos
3 UPP 23,000,000 /semester 1 kali 300 mahasiswa Fotocopy
TOTAL
Peningkatan Pendapatan Usaha Opportunity Revenue
Pendapatan per Program Studi Peningkatan
Jumlah bulan Frekuensi Baru Pendapatan Usaha
3 15,000,000 1 tahun 12,600,000,000 540,000,000
5 24,000,000 1 tahun 9,240,000,000 1,440,000,000
3 12,000,000 1 tahun 6,900,000,000 432,000,000
28,740,000,000 2,412,000,000
No Jenis Asumsi Ekonomi Nilai 1 2 3 4
1 Tingkat inflasi 1.31% 1.31% 1.31% 1.31% 1.31%
2 Tingkat suku bunga simpanan 2.35% 2.35% 2.35% 2.35% 2.35%
3 Tingkat suku bunga pinjaman 8% 8% 8% 8% 8%
4 Metode penyusutan Garis lurus
5 Estimasi umur aset tetap 20 tahun
6 Tingkat pajak 10% 10% 10% 10% 10%

Hutang 50%
Equity 50%
5 6 7 8 9 10 11
1.31% 1.31% 1.31% 1.31% 1.31% 1.31% 1.31%
2.35% 2.35% 2.35% 2.35% 2.35% 2.35% 2.35%
8% 8% 8% 8% 8% 8% 8%

10% 10% 10% 10% 10% 10% 10%

12 13 14 15 16 17 18
1.31% 1.31% 1.31% 1.31% 1.31% 1.31% 1.31%
2.35% 2.35% 2.35% 2.35% 2.35% 2.35% 2.35%
8% 8% 8% 8% 8% 8% 8%

10% 10% 10% 10% 10% 10% 10%

19 20
1.31% 1.31%
2.35% 2.35%
8% 8%

10% 10%
Jumlah Hutang 150,500,000,000 (total investasi x asumsi)
Jangka Waktu Hutang 10 Tahun
Bunga 8%
No Keterangan 0 1 2 3
A Nilai Buku Hutang
1 Jumlah Hutang (Rp) 150,500,000,000 135,450,000,000 120,400,000,000 105,350,000,000
Total Hutang 150,500,000,000 135,450,000,000 120,400,000,000 105,350,000,000
B Kebutuhan Kas
1 Cicilan Hutang (Rp) 15,050,000,000 15,050,000,000 15,050,000,000
2 Bunga Hutang (Rp) 12,040,000,000 10,836,000,000 9,632,000,000
Total Kebutuhan Kas 27,090,000,000 25,886,000,000 24,682,000,000
 4 5 6 7 8 9

90,300,000,000 75,250,000,000 60,200,000,000 45,150,000,000 30,100,000,000 15,050,000,000

90,300,000,000 75,250,000,000 60,200,000,000 45,150,000,000 30,100,000,000 15,050,000,000

15,050,000,000 15,050,000,000 15,050,000,000 15,050,000,000 15,050,000,000 15,050,000,000

8,428,000,000 7,224,000,000 6,020,000,000 4,816,000,000 3,612,000,000 2,408,000,000
23,478,000,000 22,274,000,000 21,070,000,000 19,866,000,000 18,662,000,000 17,458,000,000
 10

0
0

15,050,000,000
1,204,000,000
16,254,000,000
No Elemen 1 2
Opportunity Revenue
1 Program Studi Baru 652,283,021,240 28,740,000,000 29,116,494,000
2 Peningkatan Pendapatan Usaha 54,742,750,426 2,412,000,000 2,443,597,200
Total Pendapatan 707,025,771,666 31,152,000,000 31,560,091,200
Biaya
1 Opportunity cost 28,698,140,439 1,264,458,110 1,281,022,511
2 Biaya OM 50,839,038,538 2,240,000,000 2,269,344,000
3 Biaya penyusutan 224,000,000,000 11,200,000,000 11,200,000,000
Total Biaya 303,537,178,977 14,704,458,110 14,750,366,511
Laba (Rugi) 403,488,592,689 16,447,541,890 16,809,724,689
Laba (Rugi) Bersih 403,488,592,689 16,447,541,890 16,809,724,689
 3 4 5 6 7

29,497,920,071 29,884,342,824 30,275,827,715 30,672,441,058 31,074,250,036

2,475,608,323 2,508,038,792 2,540,894,101 2,574,179,813 2,607,901,569
31,973,528,395 32,392,381,617 32,816,721,816 33,246,620,872 33,682,151,605

1,297,803,906 1,314,805,137 1,332,029,085 1,349,478,666 1,367,156,836

2,299,072,406 2,329,190,255 2,359,702,647 2,390,614,752 2,421,931,805
11,200,000,000 11,200,000,000 11,200,000,000 11,200,000,000 11,200,000,000
14,796,876,313 14,843,995,392 14,891,731,732 14,940,093,418 14,989,088,641
17,176,652,082 17,548,386,224 17,924,990,084 18,306,527,454 18,693,062,964
17,176,652,082 17,548,386,224 17,924,990,084 18,306,527,454 18,693,062,964
 8 9 10 11 12

31,481,322,712 31,893,728,039 32,311,535,877 32,734,816,997 33,163,643,099

2,642,065,079 2,676,676,132 2,711,740,589 2,747,264,391 2,783,253,554
34,123,387,791 34,570,404,171 35,023,276,466 35,482,081,388 35,946,896,654

1,385,066,591 1,403,210,963 1,421,593,027 1,440,215,895 1,459,082,724

2,453,659,112 2,485,802,046 2,518,366,053 2,551,356,648 2,584,779,420
11,200,000,000 11,200,000,000 11,200,000,000 11,200,000,000 11,200,000,000
15,038,725,703 15,089,013,009 15,139,959,080 15,191,572,544 15,243,862,144
19,084,662,089 19,481,391,162 19,883,317,386 20,290,508,844 20,703,034,510
19,084,662,089 19,481,391,162 19,883,317,386 20,290,508,844 20,703,034,510
 13 14 15 16 17

33,598,086,824 34,038,221,761 34,484,122,466 34,935,864,471 35,393,524,295

2,819,714,176 2,856,652,432 2,894,074,579 2,931,986,956 2,970,395,985
36,417,801,000 36,894,874,193 37,378,197,045 37,867,851,426 38,363,920,280

1,478,196,707 1,497,561,084 1,517,179,134 1,537,054,181 1,557,189,591

2,618,640,031 2,652,944,215 2,687,697,784 2,722,906,625 2,758,576,702
11,200,000,000 11,200,000,000 11,200,000,000 11,200,000,000 11,200,000,000
15,296,836,738 15,350,505,299 15,404,876,919 15,459,960,806 15,515,766,293
21,120,964,262 21,544,368,894 21,973,320,126 22,407,890,620 22,848,153,987
21,120,964,262 21,544,368,894 21,973,320,126 22,407,890,620 22,848,153,987
 18 19 20

35,857,179,463 36,326,908,514 36,802,791,016

3,009,308,172 3,048,730,109 3,088,668,474
38,866,487,636 39,375,638,624 39,891,459,490

1,577,588,774 1,598,255,187 1,619,192,330

2,794,714,057 2,831,324,811 2,868,415,166
11,200,000,000 11,200,000,000 11,200,000,000
15,572,302,831 15,629,579,998 15,687,607,496
23,294,184,804 23,746,058,625 24,203,851,993
23,294,184,804 23,746,058,625 24,203,851,993
No Elemen 1 2
Opportunity Revenue
1 Program Studi Baru 652,283,021,240 28,740,000,000 29,116,494,000
2 Peningkatan Pendapatan Usaha 54,742,750,426 2,412,000,000 2,443,597,200
Total Pendapatan 707,025,771,666 31,152,000,000 31,560,091,200
Biaya
1 Opportunity cost 28,698,140,439 1,264,458,110 1,281,022,511
2 Biaya OM 50,839,038,538 2,240,000,000 2,269,344,000
3 Biaya Penyusutan 254,195,192,689 11,200,000,000 11,346,720,000
4 Biaya Bunga 66,220,000,000 12,040,000,000 10,836,000,000
Total Biaya 399,952,371,666 26,744,458,110 25,733,086,511
Laba (Rugi) 307,073,399,999 4,407,541,890 5,827,004,689
Laba (Rugi) Bersih 307,073,399,999 4,407,541,890 5,827,004,689
 3 4 5 6 7

29,497,920,071 29,884,342,824 30,275,827,715 30,672,441,058 31,074,250,036

2,475,608,323 2,508,038,792 2,540,894,101 2,574,179,813 2,607,901,569
31,973,528,395 32,392,381,617 32,816,721,816 33,246,620,872 33,682,151,605

1,297,803,906 1,314,805,137 1,332,029,085 1,349,478,666 1,367,156,836

2,299,072,406 2,329,190,255 2,359,702,647 2,390,614,752 2,421,931,805
11,495,362,032 11,645,951,275 11,798,513,236 11,953,073,760 12,109,659,026
9,632,000,000 8,428,000,000 7,224,000,000 6,020,000,000 4,816,000,000
24,724,238,345 23,717,946,667 22,714,244,968 21,713,167,177 20,714,747,667
7,249,290,050 8,674,434,950 10,102,476,848 11,533,453,694 12,967,403,938
7,249,290,050 8,674,434,950 10,102,476,848 11,533,453,694 12,967,403,938
 8 9 10 11 12

31,481,322,712 31,893,728,039 32,311,535,877 32,734,816,997 33,163,643,099

2,642,065,079 2,676,676,132 2,711,740,589 2,747,264,391 2,783,253,554
34,123,387,791 34,570,404,171 35,023,276,466 35,482,081,388 35,946,896,654

1,385,066,591 1,403,210,963 1,421,593,027 1,440,215,895 1,459,082,724

2,453,659,112 2,485,802,046 2,518,366,053 2,551,356,648 2,584,779,420
12,268,295,559 12,429,010,231 12,591,830,265 12,756,783,242 12,923,897,102
3,612,000,000 2,408,000,000 1,204,000,000 - -
19,719,021,262 18,726,023,240 17,735,789,345 16,748,355,785 16,967,759,246
14,404,366,529 15,844,380,931 17,287,487,121 18,733,725,602 18,979,137,408
14,404,366,529 15,844,380,931 17,287,487,121 18,733,725,602 18,979,137,408
 13 14 15 16 17

33,598,086,824 34,038,221,761 34,484,122,466 34,935,864,471 35,393,524,295

2,819,714,176 2,856,652,432 2,894,074,579 2,931,986,956 2,970,395,985
36,417,801,000 36,894,874,193 37,378,197,045 37,867,851,426 38,363,920,280

1,478,196,707 1,497,561,084 1,517,179,134 1,537,054,181 1,557,189,591

2,618,640,031 2,652,944,215 2,687,697,784 2,722,906,625 2,758,576,702
13,093,200,154 13,264,721,076 13,438,488,922 13,614,533,127 13,792,883,511
- - - - -
17,190,036,892 17,415,226,375 17,643,365,841 17,874,493,933 18,108,649,804
19,227,764,108 19,479,647,818 19,734,831,204 19,993,357,493 20,255,270,476
19,227,764,108 19,479,647,818 19,734,831,204 19,993,357,493 20,255,270,476
 18 19 20

35,857,179,463 36,326,908,514 36,802,791,016

3,009,308,172 3,048,730,109 3,088,668,474
38,866,487,636 39,375,638,624 39,891,459,490

1,577,588,774 1,598,255,187 1,619,192,330

2,794,714,057 2,831,324,811 2,868,415,166
13,973,570,285 14,156,624,056 14,342,075,831
- - -
18,345,873,116 18,586,204,054 18,829,683,327
20,520,614,519 20,789,434,569 21,061,776,162
20,520,614,519 20,789,434,569 21,061,776,162
No Cashflow 1 2
Cash Inflow
1 Program Studi Baru 652,283,021,240 28,740,000,000 29,116,494,000
2 Peningkatan Pendapatan Usaha 54,742,750,426 2,412,000,000 2,443,597,200
Total Cash Inflow 707,025,771,666 31,152,000,000 31,560,091,200
Cash Outflow
1 Investasi 301,000,000,000 301,000,000,000
2 Opportunity cost 28,698,140,439 1,264,458,110 1,281,022,511
3 Biaya OM 50,839,038,538 2,240,000,000 2,269,344,000
Total Cash Outflow 380,537,178,977 304,504,458,110 3,550,366,511
Cashflow 326,488,592,689 (273,352,458,110) 28,009,724,689
(273,352,458,110) (245,342,733,421)

Tahun 1- Tahun 10 Tahun 1- Tahun 20

Discount Factor 2.35% 5%
IRR -0.55% 9.01%
NPV (35,984,375,646) 96,244,029,094
Payback Period 10.76 10.76
B/C Ratio 2.22 2.33

Perhitungan Payback Period (7,643,743,976) 31,490,508,844

23,846,764,868
10 0.76
10.76
 3 4 5 6 7

29,497,920,071 29,884,342,824 30,275,827,715 30,672,441,058 31,074,250,036

2,475,608,323 2,508,038,792 2,540,894,101 2,574,179,813 2,607,901,569
31,973,528,395 32,392,381,617 32,816,721,816 33,246,620,872 33,682,151,605

1,297,803,906 1,314,805,137 1,332,029,085 1,349,478,666 1,367,156,836

2,299,072,406 2,329,190,255 2,359,702,647 2,390,614,752 2,421,931,805
3,596,876,313 3,643,995,392 3,691,731,732 3,740,093,418 3,789,088,641
28,376,652,082 28,748,386,224 29,124,990,084 29,506,527,454 29,893,062,964
(216,966,081,339) (188,217,695,115) (159,092,705,031) (129,586,177,577) (99,693,114,613)
 8 9 10 11 12

31,481,322,712 31,893,728,039 32,311,535,877 32,734,816,997 33,163,643,099

2,642,065,079 2,676,676,132 2,711,740,589 2,747,264,391 2,783,253,554
34,123,387,791 34,570,404,171 35,023,276,466 35,482,081,388 35,946,896,654

1,385,066,591 1,403,210,963 1,421,593,027 1,440,215,895 1,459,082,724

2,453,659,112 2,485,802,046 2,518,366,053 2,551,356,648 2,584,779,420
3,838,725,703 3,889,013,009 3,939,959,080 3,991,572,544 4,043,862,144
30,284,662,089 30,681,391,162 31,083,317,386 31,490,508,844 31,903,034,510
(69,408,452,524) (38,727,061,362) (7,643,743,976) 23,846,764,868 55,749,799,378
 13 14 15 16 17

33,598,086,824 34,038,221,761 34,484,122,466 34,935,864,471 35,393,524,295

2,819,714,176 2,856,652,432 2,894,074,579 2,931,986,956 2,970,395,985
36,417,801,000 36,894,874,193 37,378,197,045 37,867,851,426 38,363,920,280

1,478,196,707 1,497,561,084 1,517,179,134 1,537,054,181 1,557,189,591

2,618,640,031 2,652,944,215 2,687,697,784 2,722,906,625 2,758,576,702
4,096,836,738 4,150,505,299 4,204,876,919 4,259,960,806 4,315,766,293
32,320,964,262 32,744,368,894 33,173,320,126 33,607,890,620 34,048,153,987
88,070,763,639 120,815,132,533 153,988,452,659 187,596,343,279 221,644,497,266
 18 19 20

35,857,179,463 36,326,908,514 36,802,791,016

3,009,308,172 3,048,730,109 3,088,668,474
38,866,487,636 39,375,638,624 39,891,459,490

1,577,588,774 1,598,255,187 1,619,192,330

2,794,714,057 2,831,324,811 2,868,415,166
4,372,302,831 4,429,579,998 4,487,607,496
34,494,184,804 34,946,058,625 35,403,851,993
256,138,682,070 291,084,740,695 326,488,592,689
No Cashflow Total 1 2
A Project Cashflow
1 Project Cashflow 326,488,592,689 (273,352,458,110) 28,009,724,689
B Financing Cashflow
1 Loan Drawdown 150,500,000,000 150,500,000,000
2 Equity Contribution 150,500,000,000 150,500,000,000
3 Interest (66,220,000,000) (12,040,000,000) (10,836,000,000)
4 Principal Payment (150,500,000,000) (15,050,000,000) (15,050,000,000)
273,910,000,000 (25,886,000,000)
Net Cashflow 557,541,890 2,123,724,689
Cash Flow to Equity Holders (149,942,458,110) 2,123,724,689

(149,942,458,110) (147,818,733,421)

Periode Analisis
Indikator Kelayakan Keuangan
Tahun 1-5 Tahun 1-10 Tahun 1-15
Discount Factor
Equity_IRR
NPV
Payback Period
B/Ratio

Perhitungan Payback Period (10,470,200,622) 32,320,964,262

21,850,763,639
0.68
10.00 10.68
 3 4 5 6 7 8

28,376,652,082 28,748,386,224 29,124,990,084 29,506,527,454 29,893,062,964 30,284,662,089

(9,632,000,000) (8,428,000,000) (7,224,000,000) (6,020,000,000) (4,816,000,000) (3,612,000,000)

(15,050,000,000) (15,050,000,000) (15,050,000,000) (15,050,000,000) (15,050,000,000) (15,050,000,000)
(24,682,000,000) (23,478,000,000) (22,274,000,000) (21,070,000,000) (19,866,000,000) (18,662,000,000)
3,694,652,082 5,270,386,224 6,850,990,084 8,436,527,454 10,027,062,964 11,622,662,089
3,694,652,082 5,270,386,224 6,850,990,084 8,436,527,454 10,027,062,964 11,622,662,089

(144,124,081,339) (138,853,695,115) (132,002,705,031) (123,566,177,577) (113,539,114,613) (101,916,452,524)

e Analisis
Tahun 1-20 Tahun 1-25
12.50%
8.55%
(43,416,916,066)
10.68
1.28
 9 10 11 12 13 14

30,681,391,162 31,083,317,386 31,490,508,844 31,903,034,510 32,320,964,262 32,744,368,894

(2,408,000,000) (1,204,000,000) 0 0 0 0
(15,050,000,000) (15,050,000,000) 0 0 0 0
(17,458,000,000) (16,254,000,000) 0 0 0 0
13,223,391,162 14,829,317,386 31,490,508,844 31,903,034,510 32,320,964,262 32,744,368,894
13,223,391,162 14,829,317,386 31,490,508,844 31,903,034,510 32,320,964,262 32,744,368,894

(88,693,061,362) (73,863,743,976) (42,373,235,132) (10,470,200,622) 21,850,763,639 54,595,132,533

 15 16 17 18 19 20

33,173,320,126 33,607,890,620 34,048,153,987 34,494,184,804 34,946,058,625 35,403,851,993

0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
33,173,320,126 33,607,890,620 34,048,153,987 34,494,184,804 34,946,058,625 35,403,851,993
33,173,320,126 33,607,890,620 34,048,153,987 34,494,184,804 34,946,058,625 35,403,851,993

87,768,452,659 121,376,343,279 155,424,497,266 189,918,682,070 224,864,740,695 260,268,592,689