Ekonomi Manajerial Diskusi sesi-8

1. Diketahui
Keadaan Probabilitas Rate of Return on Stock
Ekonomi Kejadian PT. ICBP PT.INDF
Booming 0.3 30% 20%

Normal 0.4 15% 15%

Resesi 0.3 5% 10%

Dit: Expected Value (EV)

Jawab
Untuk PT.ICBP EV = (0.3x30%) + (0.4x15%) + (0.3x 5%
= 0.09 + 0.06 + 0.015
= 0,165
PT. INDF EV = (0.3x20%) + (0.4x15%) + (0.3x10%)
= 0.06 + 0.06 + 0.03
= 0.15
Karena EV PT.ICBP lebih besar daripada EV PT.INDF, maka investor sebaiknya berinvestasi
Di PT.ICBP

2. Diketahui:
Cost awal (Co) = Rp160.000.000
Revenue (R) = Rp60.000.000
Interest (i) = 12% (0.12)
Waktu (t) = 5 tahun
Dit: Net Present Value (NPV)
Jawab

PV = + + + +
. . . . .
. . . . . .
= + + + +
. . . . .
= 53.571.428 + 47.831.632 + 42.706.814 + 38.131.084 + 34.045.611
= 216.045.569
NPV = PV- Co
= 216.045.569 – 160.000.000
= Rp56.286.569
Sumber:
Lincolin Arsyad, Ekonomi Manajerial edisi 2, Universitas Terbuka, Modul- 9, hlm 9.18-9.30