(PT. Tiara merencanakan utk membeli mesin baru untuk melengkapi pabriknya.

)
(ada dua macam penawaran atas mesin yg diinginkan tersebut daru dua supplier yg berbeda )
(data-data dari kedua mesin adalah sbb: )
(Keterangan )
(Harga perolehan )
(nilai sisa )
(umur mesin )
(Metode penyusutan )
(Tax )
(Discount rate )
(Pendapatan bruto )
((EBT) )
(Tahun 1 )
(Tahun 2 )
(Tahun 3 )
(Tahun 4 )

(pembahasan )
(Depresiasi Mesin A )

(mesin A )
(Mesin B )
(Rp. 63.000.000(Rp.
) 60.000.000 )
(0 )
(4 thn )
1,500,000
(Straigineht ) (Sum of the year digit meth )
40%
40%
15%
15

7,200,000
7,800,000
8,400,000
9,000,000

(RP 63.000.000/4
(Rp.
= )15.750.000 )

(Depresiasi Mesin B )
(Tahun1 = )
4
(Tahun2 = )
3
(Tahun3 = )
2
(Tahun4 = )
1

6,600,000
7,500,000
8,100,000
8,700,000

10
10
10
10

60,000,000
58,500,000
58,500,000
58,500,000

1,500,000

1 (NCF utuk mesin A )

(Keterangan )(Tahun1 )
(Tahun2 )
(EBT )
7,200,000
(Tax 40% )
2,880,000
(EAT )
4,320,000
(Depreasiasi ) 15,750,000
(NCF )
20,070,000

7,800,000
3,120,000
4,680,000
15,750,000
20,430,000

(Tahun3 )
8,400,000
3,360,000
5,040,000
15,750,000
20,790,000

(NCF untuk mesin B )

(Keterangan )(Tahun1 )
(Tahun2 )
(EBT )
6,600,000
(Tax 40% )
2,640,000
(EAT )
3,960,000
(Depreasiasi ) 23,400,000
(NCF )
27,360,000

7,500,000
3,000,000
4,500,000
17,550,000
22,050,000

(Tahun3 )
8,100,000
3,240,000
4,860,000
11,700,000
16,560,000

(Metode NPV )
(Mesin A )
(Tahun )

(CF (Rp) )
(Df 15% )
1
20,070,000

(PV of CF (Rp) )
0.8696
17,452,872

2
3
4
(Nilai sisa )
(jumlah )
(investasi awal
(NPV )
(b. )

20,430,000
20,790,000
21,150,000

0.7561
0.6575
0.5718
0.5718

15,447,123
13,669,425
12,093,570
58,662,990
63000000
(4,337,010)

(PI.A 58.660.875/63.000.000 = 0.9311 )

(PI.A b 58.660.875/60.000.000 = 0.9756 )

3 (kedua investasi di atas "tidak jelas" jadi keduanya tidak usah dipilih/dibeli )
(alasan NPV keduanya < 0 (negatif) dan PI <1 )

pplier yg berbeda )

23,400,000
17,550,000
11,700,000
5,850,000

###

(Tahun4 )
9,000,000
3,600,000
5,400,000
15,750,000
21,150,000

(Tahun4 )
8,700,000
3,480,000
5,220,000
5,850,000
11,070,000

mesin B
(CF )
(PV of CF (Rp) )
27,360,000
23,792,256

1,710,000
###
0.081

360

29

###
###
0.639

360

230
210
20.21739

63,000,000

ih/dibeli )

22,050,000
16,560,000
11,070,000
1,500,000

16,672,005
10,888,200
6,329,826
857,700
58,539,987
60,000,000
(1,460,013)

58,660,875
1.07

0.9312
0.9757

(hari )

(hari )