1.

Menghitung NPV (Net Present Value)

Aplikasi Untuk Cash Flow Setiap Tahun Berbeda

Total Investasi 5 Milyar dan umur investasi 5 tahun
Capital Cost Yang diinginkan 20%
Satuan Ribu
1.75 1900

NPV = + +
(1 + 0,2) (1 + 0,2)2

Tabel 2 Perhitungan NPV dengan kas berbeda per tahun (ribuan)

Net Profit Depresiasi Cash Flow Capital Cost
Discount
No. Tahun E.A.T Penyusutan Kas Bersih (Process) Factor (DF)
20%
1 2022 Rp49,216,157,666 Rp1,000,000 Rp49,217,157,666 0.833
2 2023 Rp53,434,771,181 Rp1,000,000 Rp53,435,771,181 0.683
3 2024 Rp57,653,384,695 Rp1,000,000 Rp57,654,384,695 0.579
4 2025 Rp61,871,998,209 Rp1,000,000 Rp61,872,998,209 0.482
5 2026 Rp68,903,020,733 Rp1,000,000 Rp68,904,020,733 0.402
6 2027 Rp77,565,240,482 Rp1,000,000 Rp77,566,240,482 0.683
7 2028 Rp81,277,620,375 Rp1,000,000 Rp81,278,620,375 0.698
8 2029 Rp87,183,679,295 Rp1,000,000 Rp87,184,679,295 0.723
9 2030 Rp90,555,757,697 Rp1,000,000 Rp90,556,757,697 0.89
10 2031 Rp95,263,449,138 Rp1,000,000 Rp95,264,449,138 0.663
11 2032 Rp97,452,431,443 Rp1,000,000 Rp97,453,431,443 0.613
12 2033 Rp99,614,527,117 Rp1,000,000 Rp99,615,527,117 0.821
13 2034 Rp103,917,512,901 Rp1,000,000 Rp103,918,512,901 0.683
14 2035 Rp104,704,987,424 Rp1,000,000 Rp104,705,987,424 0.783
Sum Rp291,079,332,484 Rp5,000,000 ###
Jumlah PV Kas Bersih

NPV = 5.987.700.000 – 124448139180 = 987.700.000

Total PV kas bersih = Rp779,383,634,495

Total PV investasi = 124,448,139,180.00
NPV =
 2050 2200 2450
-          5000
(1 + 0,2)3 (1 + 0,2)5
+ +
(1 + 0,2)4

PV Kas Bersih

Rp40,997,892,336
Rp36,496,631,716
Rp33,381,888,738
Rp29,822,785,137
Rp27,699,416,335
Rp52,977,742,249
Rp56,732,477,022
Rp63,034,523,130
Rp80,595,514,351
Rp63,160,329,779
Rp59,738,953,474
Rp81,784,347,763
Rp70,976,344,312
Rp81,984,788,153

Rp779,383,634,495

6.26271826666456