KUNCI JAWABAN LATIHAN SOAL EKONOMI TEKNIK MATERI IRR

GANJIL

1. DIKET : MARR = 20%/THN

DIT : NPV, NEAC DAN IRR?
JAWAB :

NPV = -10M + 1,5M (P/A, MARR, 12) + 0,5M (P/G, MARR, 7) + 3,5M (F/A, MARR, 5) (P/F,
MARR, 12) + 1,5M (P/F, MARR, 12)
 NPV = -10M + 1,5M (4,439) + 0,5M (8,255) + 3,5M (7,442) (0,1122) + 1,5M (0,1122)
NPV = -10M + 6,659M + 3,721M + 2,922M + 0,168M
NPV = 3,47M

BERDASARKAN NILAI NPV DENGAN NILAI POSITIF (>0) MAKA RENCANA DINYATAKAN LAYAK.

NEAC = -10M (A/P, MARR, 12) + 1,5M + 0,5M (P/G, MARR, 7) (A/P, MARR, 12) + 3,5M (F/A,
MARR, 5) (A/F, MARR, 12) + 1,5M (A/F, MARR, 12)
= -10M (0,2253) + 1,5M + 0,5M (8,255) (0,2253) + 3,5M (7,442) (0,0253) + 1,5M
(0,0253)
= -2,253M + 1,5M + 0,930M + 0,659M + 0,038M
= 0,874M
BERDASARKAN NILAI NEAC DENGAN NILAI POSITIF (>0) MAKA RENCANA DINYATAKAN
LAYAK.

TRIAL AND ERROR UNTUK NILAI IRR BERDASARKAN NILAI NEAC

SUKU BUNGA 25%
NEAC = -10M (A/P, MARR, 12) + 1,5M + 0,5M (P/G, MARR, 7) (A/P, MARR, 12) + 3,5M (F/A,
MARR, 5) (A/F, MARR, 12) + 1,5M (A/F, MARR, 12)

NEAC = -10M (0,2684) + 1,5M + 0,5M (6,773) (0,2684) + 3,5M (8,207) (0,0184) + 1,5M
(0,0184)
NEAC = -2,684M + 1,5M + 0,909M + 0,529M + 0,028M
NEAC = 0,282M

SUKU BUNGA 30%

NEAC = -10M (A/P, MARR, 12) + 1,5M + 0,5M (P/G, MARR, 7) (A/P, MARR, 12) + 3,5M (F/A,
MARR, 5) (A/F, MARR, 12) + 1,5M (A/F, MARR, 12)

NEAC = -10M (0,3135) + 1,5M + 0,5M (5,622) (0,3135) + 3,5M (9,043) (0,0135) + 1,5M
(0,0135)
NEAC = -3,135M + 1,5M + 0,881M + 0,427M + 0,020M
NEAC = -0,307M

𝑖1 − 𝐼𝑅𝑅 𝑁𝑃𝑉1 − 0
=
𝐼𝑅𝑅 − 𝑖2 0 − 𝑁𝑃𝑉2

0,25 − 𝐼𝑅𝑅 0,282𝑀 − 0

=
𝐼𝑅𝑅 − 0,30 0 − (−0,307𝑀)
0,25 − 𝐼𝑅𝑅 = 0,91857(𝐼𝑅𝑅 − 0,30)
0,25 − 𝐼𝑅𝑅 = 0,91857 𝐼𝑅𝑅 − 0,27557
0,25 + 0,27557 = 0,91857 𝐼𝑅𝑅 + 𝐼𝑅𝑅
0,52557 = 1,91857 𝐼𝑅𝑅
𝐼𝑅𝑅 = 0,2739 = 27,39%

Jika dibandingkan, nilai IRR lebih BESAR dari MARR maka rencana investasi pada
perusahaan tersebut dinyatakan layak.
2. DIKET : MARR = 12% / tahun
DIT : NPV, NEAC DAN IRR?

NPV = -7.880.371.170 – 2.424.769.233 (P/F, MARR, 1) – 2.033.712.562 (P/F, MARR, 2) –

1.131.153.097 (P/F, MARR, 3) + 5.826.924.457 (P/F, MARR, 4)

NPV = -7.880.371.170 – 2.424.769.233 (0,8929) – 2.033.712.562 (0,7972) – 1.131.153.097

(0,7118) + 5.826.924.457 (0,6355)
NPV = -7.880.371.170 – 2.165.076.448 – 1.621.275.654 – 805.154.774,4 + 3.703.010.492
NPV = -8.768.867.554

BERDASARKAN NILAI NPV DENGAN NILAI NEGATIF (<0) MAKA RENCANA DINYATAKAN TIDAK
LAYAK.

NEAC = -7.880.371.170 (A/P, MARR, 4) – 2.424.769.233 (P/F, MARR, 1) (A/P, MARR, 4) –

2.033.712.562 (P/F, MARR, 2) (A/P, MARR, 4) – 1.131.153.097 (P/F, MARR, 3) (A/P, MARR,
4) + 5.826.924.457 (A/F, MARR, 4)
NEAC = -7.880.371.170 (0,3292) – 2.424.769.233 (0,8929) (0,3292) – 2.033.712.562 (0,7972)
(0,3292) – 1.131.153.097 (0,7118) (0,3292) + 5.826.924.457 (0,2092)
NEAC = -2.594.218.189 – 712.743.166,7 – 533.723.945,4 – 265.056.951,7 + 1.218.992.596
NEAC = -2.886.749.656
BERDASARKAN NILAI NEAC DENGAN NILAI NEGATIF (<0) MAKA RENCANA DINYATAKAN
TIDAK LAYAK.
 TRIAL AND ERROR UNTUK NILAI IRR BERDASARKAN NILAI NEAC
SUKU BUNGA 0,25%
NEAC = -7.880.371.170 (A/P, MARR, 4) – 2.424.769.233 (P/F, MARR, 1) (A/P, MARR, 4) –
2.033.712.562 (P/F, MARR, 2) (A/P, MARR, 4) – 1.131.153.097 (P/F, MARR, 3) (A/P, MARR,
4) + 5.826.924.457 (A/F, MARR, 4)
NEAC = -7.880.371.170 (0,2516) – 2.424.769.233 (0,9975) (0,2516) – 2.033.712.562 (0,9950)
(0,2516) – 1.131.153.097 (0,9925) (0,2516) + 5.826.924.457 (0,2491)
NEAC = -1.982.701.386 – 608.546.759,2 – 509.123.670,2 – 282.463.633,3 + 1.451.486.882
NEAC = -1.931.348.567

Nilai IRR tidak dapat ditentukan karena tidak terdapat nilai NEAC yang bernilai positif.

3. DIKET : MARR = 15% /tahun

DIT : NPV, NEAC DAN IRR?

NPV = -2.281.400.000 + 1.564.500.000 (P/F, MARR, 1) + 1.702.312.500 (P/F, MARR, 2) +

70.350.000 (P/F, MARR, 3) + 2.101.100.000 (P/F, MARR, 4)

NPV = -2.281.400.000 + 1.564.500.000 (0,8696) + 1.702.312.500 (0,7561) + 70.350.000

(0,6575) + 2.101.100.000 (0,5718)
NPV = -2.281.400.000 + 1.360.489.200 + 1.287.118.481 + 46.255.125 + 1.201.408.980
NPV = 1.613.871.786

BERDASARKAN NILAI NPV DENGAN NILAI POSITIF (>0) MAKA RENCANA DINYATAKAN LAYAK.

NEAC = -2.281.400.000 (A/P, MARR, 4) + 1.564.500.000 (P/F, MARR, 1) (A/P, MARR, 4) +

1.702.312.500 (P/F, MARR, 2) (A/P, MARR, 4) + 70.350.000 (P/F, MARR, 3) (A/P, MARR, 4)
+ 2.101.100.000 (A/F, MARR, 4)
NEAC = -2.281.400.000 (0,3503) + 1.564.500.000 (0,8696) (0,3503) + 1.702.312.500 (0,7561)
(0,3503) + 70.350.000 (0,6575) (0,3503) + 2.101.100.000 (0,2003)
NEAC = -799.174.420 + 476.579.366,8 + 450.877.604 + 16.203.170,29 + 420.850.330
NEAC = 565.336.051,1

BERDASARKAN NILAI NEAC DENGAN NILAI POSITIF (>0) MAKA RENCANA DINYATAKAN LAYAK.
TRIAL AND ERROR UNTUK NILAI IRR BERDASARKAN NILAI NEAC

SUKU BUNGA 45%

NEAC = -2.281.400.000 (A/P, MARR, 4) + 1.564.500.000 (P/F, MARR, 1) (A/P, MARR, 4) +
1.702.312.500 (P/F, MARR, 2) (A/P, MARR, 4) + 70.350.000 (P/F, MARR, 3) (A/P, MARR, 4) +
2.101.100.000 (A/F, MARR, 4)

NEAC = -2.281.400.000 (0,5816) + 1.564.500.000 (0,6897) (0,5816) + 1.702.312.500 (0,4756)

(0,5816) + 70.350.000 (0,3280) (0,5816) + 2.101.100.000 (0,1316)
NEAC = -1.326.862.240 + 627.567.134 + 470.874.890,2 + 13.420.303,68 + 276.504.760
NEAC = 61.504.847,88

SUKU BUNGA 50%

NEAC = -2.281.400.000 (A/P, MARR, 4) + 1.564.500.000 (P/F, MARR, 1) (A/P, MARR, 4) +
1.702.312.500 (P/F, MARR, 2) (A/P, MARR, 4) + 70.350.000 (P/F, MARR, 3) (A/P, MARR, 4) +
2.101.100.000 (A/F, MARR, 4)

NEAC = -2.281.400.000 (0,6231) + 1.564.500.000 (0,6667) (0,6231) + 1.702.312.500 (0,4444)

(0,6231) + 70.350.000 (0,2963) (0,6231) + 2.101.100.000 (0,1231)
NEAC = -1.421.540.340 + 649.925.794,7 + 471.379.932,3 + 12.988.335,69 + 258.645.410
NEAC = -28.600.867,31

𝑖1 − 𝐼𝑅𝑅 𝑁𝑃𝑉1 − 0
=
𝐼𝑅𝑅 − 𝑖2 0 − 𝑁𝑃𝑉2

0,45 − 𝐼𝑅𝑅 61.504.847,88 − 0

=
𝐼𝑅𝑅 − 0,50 0 − (−28.600.867,31)
0,45 − 𝐼𝑅𝑅 = 2,150454(𝐼𝑅𝑅 − 0,50)
0,45 − 𝐼𝑅𝑅 = 2,150454 𝐼𝑅𝑅 − 1,075227
0,45 + 1,075227 = 2,150454 𝐼𝑅𝑅 + 𝐼𝑅𝑅
1,525227 = 3,150454 𝐼𝑅𝑅
𝐼𝑅𝑅 = 0,4841 = 48,41%

Jika dibandingkan, nilai IRR lebih BESAR dari MARR maka rencana investasi pada perusahaan
tersebut dinyatakan layak.