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

1 Unika BSB 70,000 1,100,000 1,500,000 77,000,000,000

Biaya Konstruksi Gedung Total Investasi
105,000,000,000 182,000,000,000
105,000,000,000
5,250,000,000
1,050,000,000
 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
Jumlah Hutang 91,000,000,000 (total investasi x hutang)
Jangka Waktu Hutang 10 Tahun
Bunga 8%
No Keterangan 0 1 2 3
A Nilai Buku Hutang
1 Jumlah Hutang (Rp) 91,000,000,000 81,900,000,000 72,800,000,000 63,700,000,000
Total Hutang
B Kebutuhan Kas
1 Cicilan Hutang (Rp) 9,100,000,000 9,100,000,000 9,100,000,000
2 Bunga Hutang (Rp) 7,280,000,000 6,552,000,000 5,824,000,000
Total Kebutuhan Kas 16,380,000,000 15,652,000,000 14,924,000,000
 4 5 6 7 8 9

54,600,000,000 45,500,000,000 36,400,000,000 27,300,000,000 18,200,000,000 9,100,000,000

9,100,000,000 9,100,000,000 9,100,000,000 9,100,000,000 9,100,000,000 9,100,000,000

5,096,000,000 4,368,000,000 3,640,000,000 2,912,000,000 2,184,000,000 1,456,000,000
14,196,000,000 13,468,000,000 12,740,000,000 12,012,000,000 11,284,000,000 10,556,000,000
 10

9,100,000,000
728,000,000
9,828,000,000
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%
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 23,830,799,315 1,050,000,000 1,063,755,000
3 Biaya penyusutan 105,000,000,000 5,250,000,000 5,250,000,000
Total Biaya 157,528,939,754 7,564,458,110 7,594,777,511
Laba (Rugi) 549,496,831,912 23,587,541,890 23,965,313,689
Laba (Rugi) Bersih 549,496,831,912 23,587,541,890 23,965,313,689
 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

1,077,690,191 1,091,807,932 1,106,110,616 1,120,600,665 1,135,280,534
5,250,000,000 5,250,000,000 5,250,000,000 5,250,000,000 5,250,000,000
7,625,494,097 7,656,613,069 7,688,139,701 7,720,079,331 7,752,437,370
24,348,034,298 24,735,768,547 25,128,582,115 25,526,541,541 25,929,714,235
24,348,034,298 24,735,768,547 25,128,582,115 25,526,541,541 25,929,714,235
 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

1,150,152,709 1,165,219,709 1,180,484,087 1,195,948,429 1,211,615,353
5,250,000,000 5,250,000,000 5,250,000,000 5,250,000,000 5,250,000,000
7,785,219,299 7,818,430,672 7,852,077,114 7,886,164,324 7,920,698,077
26,338,168,492 26,751,973,499 27,171,199,352 27,595,917,063 28,026,198,577
26,338,168,492 26,751,973,499 27,171,199,352 27,595,917,063 28,026,198,577
 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

1,227,487,514 1,243,567,601 1,259,858,336 1,276,362,481 1,293,082,829
5,250,000,000 5,250,000,000 5,250,000,000 5,250,000,000 5,250,000,000
7,955,684,222 7,991,128,685 8,027,037,471 8,063,416,662 8,100,272,420
28,462,116,778 28,903,745,508 29,351,159,574 29,804,434,765 30,263,647,860
28,462,116,778 28,903,745,508 29,351,159,574 29,804,434,765 30,263,647,860
 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

1,310,022,214 1,327,183,505 1,344,569,609
5,250,000,000 5,250,000,000 5,250,000,000
8,137,610,989 8,175,438,692 8,213,761,939
30,728,876,647 31,200,199,931 31,677,697,550
30,728,876,647 31,200,199,931 31,677,697,550
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 23,830,799,315 1,050,000,000 1,063,755,000
3 Biaya Penyusutan 5,250,000,000 5,318,775,000
4 Biaya Bunga 40,040,000,000 7,280,000,000 6,552,000,000
Total Biaya 211,722,936,327 14,844,458,110 14,215,552,511
Laba (Rugi) 495,302,835,339 16,307,541,890 17,344,538,689
Laba (Rugi) Bersih 495,302,835,339 16,307,541,890 17,344,538,689
 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

1,077,690,191 1,091,807,932 1,106,110,616 1,120,600,665 1,135,280,534
5,388,450,953 5,459,039,660 5,530,553,080 5,603,003,325 5,676,402,668
5,824,000,000 5,096,000,000 4,368,000,000 3,640,000,000 2,912,000,000
13,587,945,049 12,961,652,729 12,336,692,780 11,713,082,655 11,090,840,038
18,385,583,346 19,430,728,887 20,480,029,036 21,533,538,216 22,591,311,567
18,385,583,346 19,430,728,887 20,480,029,036 21,533,538,216 22,591,311,567
 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

1,150,152,709 1,165,219,709 1,180,484,087 1,195,948,429 1,211,615,353
5,750,763,543 5,826,098,546 5,902,420,437 5,979,742,144 6,058,076,767
2,184,000,000 1,456,000,000 728,000,000 - -
10,469,982,843 9,850,529,218 9,232,497,551 8,615,906,469 8,728,774,843
23,653,404,948 24,719,874,953 25,790,778,915 26,866,174,919 27,218,121,810
23,653,404,948 24,719,874,953 25,790,778,915 26,866,174,919 27,218,121,810
 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

1,227,487,514 1,243,567,601 1,259,858,336 1,276,362,481 1,293,082,829
6,137,437,572 6,217,838,004 6,299,291,682 6,381,812,403 6,465,414,146
- - - - -
8,843,121,794 8,958,966,689 9,076,329,153 9,195,229,065 9,315,686,566
27,574,679,206 27,935,907,504 28,301,867,892 28,672,622,361 29,048,233,714
27,574,679,206 27,935,907,504 28,301,867,892 28,672,622,361 29,048,233,714
 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

1,310,022,214 1,327,183,505 1,344,569,609
6,550,111,071 6,635,917,526 6,722,848,046
- - -
9,437,722,060 9,561,356,219 9,686,609,985
29,428,765,576 29,814,282,405 30,204,849,504
29,428,765,576 29,814,282,405 30,204,849,504
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 182,000,000,000 182,000,000,000
2 Opportunity cost 28,698,140,439 1,264,458,110 1,281,022,511
3 Biaya OM 23,830,799,315 1,050,000,000 1,063,755,000
Total Cash Outflow 234,528,939,754 184,314,458,110 2,344,777,511
Cashflow 472,496,831,912 (153,162,458,110) 29,215,313,689
(153,162,458,110) (123,947,144,421)

Tahun 1- Tahun 10 Tahun 1- Tahun 20

Discount Factor 2.35% 5%
IRR 14% 19.57%
NPV 91,392,617,263 226,058,528,448
Payback Period 31.80 31.80
B/C Ratio 4.29 4.49

435,569,134,362 36,927,697,550
472,496,831,912
19 12.80
31.80
 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

1,077,690,191 1,091,807,932 1,106,110,616 1,120,600,665 1,135,280,534
2,375,494,097 2,406,613,069 2,438,139,701 2,470,079,331 2,502,437,370
29,598,034,298 29,985,768,547 30,378,582,115 30,776,541,541 31,179,714,235
(94,349,110,123) (64,363,341,576) (33,984,759,460) (3,208,217,919) 27,971,496,316
 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

1,150,152,709 1,165,219,709 1,180,484,087 1,195,948,429 1,211,615,353
2,535,219,299 2,568,430,672 2,602,077,114 2,636,164,324 2,670,698,077
31,588,168,492 32,001,973,499 32,421,199,352 32,845,917,063 33,276,198,577
59,559,664,808 91,561,638,307 123,982,837,658 156,828,754,722 190,104,953,299
 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

1,227,487,514 1,243,567,601 1,259,858,336 1,276,362,481 1,293,082,829
2,705,684,222 2,741,128,685 2,777,037,471 2,813,416,662 2,850,272,420
33,712,116,778 34,153,745,508 34,601,159,574 35,054,434,765 35,513,647,860
223,817,070,077 257,970,815,585 292,571,975,159 327,626,409,924 363,140,057,784
 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

1,310,022,214 1,327,183,505 1,344,569,609
2,887,610,989 2,925,438,692 2,963,761,939
35,978,876,647 36,450,199,931 36,927,697,550
399,118,934,431 435,569,134,362 472,496,831,912
No Cashflow Total 1 2
A Project Cashflow
1 Project Cashflow 472,496,831,912 (153,162,458,110) 29,215,313,689
B Financing Cashflow
1 Loan Drawdown 91,000,000,000 91,000,000,000
2 Equity Contribution 91,000,000,000 91,000,000,000
3 Interest (40,040,000,000) (7,280,000,000) (6,552,000,000)
4 Principal Payment (91,000,000,000) (9,100,000,000) (9,100,000,000)
165,620,000,000 (15,652,000,000)
Net Cashflow 12,457,541,890 13,563,313,689
Cash Flow to Equity Holders (78,542,458,110) 13,563,313,689

(78,542,458,110) (64,979,144,421)

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 323,100,057,784 35,978,876,647

359,078,934,431
9.98
19.00 28.98
 3 4 5 6 7 8

29,598,034,298 29,985,768,547 30,378,582,115 30,776,541,541 31,179,714,235 31,588,168,492

(5,824,000,000) (5,096,000,000) (4,368,000,000) (3,640,000,000) (2,912,000,000) (2,184,000,000)

(9,100,000,000) (9,100,000,000) (9,100,000,000) (9,100,000,000) (9,100,000,000) (9,100,000,000)
(14,924,000,000) (14,196,000,000) (13,468,000,000) (12,740,000,000) (12,012,000,000) (11,284,000,000)
14,674,034,298 15,789,768,547 16,910,582,115 18,036,541,541 19,167,714,235 20,304,168,492
14,674,034,298 15,789,768,547 16,910,582,115 18,036,541,541 19,167,714,235 20,304,168,492

(50,305,110,123) (34,515,341,576) (17,604,759,460) 431,782,081 19,599,496,316 39,903,664,808

e Analisis
Tahun 1-20 Tahun 1-25
12.50%
23.62%
68,737,186,479
28.98
1.28
 9 10 11 12 13 14

32,001,973,499 32,421,199,352 32,845,917,063 33,276,198,577 33,712,116,778 34,153,745,508

(1,456,000,000) (728,000,000) 0 0 0 0
(9,100,000,000) (9,100,000,000) 0 0 0 0
(10,556,000,000) (9,828,000,000) 0 0 0 0
21,445,973,499 22,593,199,352 32,845,917,063 33,276,198,577 33,712,116,778 34,153,745,508
21,445,973,499 22,593,199,352 32,845,917,063 33,276,198,577 33,712,116,778 34,153,745,508

61,349,638,307 83,942,837,658 116,788,754,722 150,064,953,299 183,777,070,077 217,930,815,585

 15 16 17 18 19 20

34,601,159,574 35,054,434,765 35,513,647,860 35,978,876,647 36,450,199,931 36,927,697,550

0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
34,601,159,574 35,054,434,765 35,513,647,860 35,978,876,647 36,450,199,931 36,927,697,550
34,601,159,574 35,054,434,765 35,513,647,860 35,978,876,647 36,450,199,931 36,927,697,550

252,531,975,159 287,586,409,924 323,100,057,784 359,078,934,431 395,529,134,362 432,456,831,912