1. Tugas Manajemen Keuangan
Studi Kelayakan Bisnis ” “
PROGRAM STUDI MANAJEMEN FAKULTAS EKONOMI
UNIVERSITAS MUHAMMADIYAH GRESIK
Nama Kelompok :
1. Abu Tholib (12311099)
2. Dwi Wahyu Agustin (12311066)
A. Judul :
B. Investasi Awal :
Investasi Frek Satuan Harga Jumlah
PC + CPU 10 Unit Rp. 3.500.000,- Rp. 35.000.000,-
Earphone 10 Unit Rp. 150.000,- Rp. 1.500.000,-
PC Operator 1 Unit Rp. 4.000.000.- Rp. 4.000.000,-
Speacker 1 Unit Rp. 350.000,- Rp. 350.000,-
Printer Inkject + Scan 1 Unit Rp. 850.000.- Rp. 850.000,-
Meja + Kursi 10 Buah Rp. 200.000,- Rp. 2.000.000,-
AC 1 Unit Rp. 2.000.000,- Rp. 2.000.000,-
Sewa Tempat Tahun Rp. 10.000.000,- Rp. 10.000.000,-
Total Rp. 55.700.000,-
C. Sumber Modal :
Modal berasal dari pemilik sedangkan sisanya berasal dari pinjaman Bank dengan
bunga 20%/tahun.
Sumber Modal Jumlah Bobot COC WACC
Modal Sendiri Rp. 27.850.000,- 50% 25%
Hutang Bank Rp. 27.850.000,- 50% 20%
 Setiap tahun saya dapat deviden 25% atau 2,08%/bulan, jadi nominal Rp.
579.280,-/bulan atau Rp. 6.962.500,-/tahun.
 Setiap tahun Bank dapat bunga 20%, nominalnya Rp. 5.570.000,-/tahun atau
1,67%/bulan dengan nominal Rp. 465.095,-/tahun
D. Harga jual setelah dirombeng selama 3 tahun (48 bulan)
Investasi Frek Satuan Jumlah Residu
PC + CPU 10 Unit Rp. 35.000.000,- Rp. 10.000.000,-
Earphone 10 Unit Rp. 1.500.000,- Rp. 500.000,-
PC operator 1 Unit Rp. 4.000.000,- Rp. 1.500.000,-
Speacker 1 Unit Rp. 350.000,- Rp. 50.000,-
Meja + Kursi 10 Buah Rp. 2.000.000,- Rp. 300.000,-
AC 1 Unit Rp. 2.000.000,- Rp. 700.000,-
Study Kelayakan Bisnis Warnet-Quw | Tugas Manajemen Keuangan 1

2. E. Depresiasi
Dep = Total Investasi Awal
Waktu Ekonomis(bln)
Rp 55.700.000,00
  Rp 1.160.417,00
(Rp. 1.160.450,00)
48 bulan
F. Pendapatan (Revenue)
 Buka jam 9 pagi – 12 malam = 15 jam
 Tarif = Rp. 3.000,-/jam
 15 jam x Rp. 3.000,- = Rp. 45.000,-
 Rp. 45.000,- x 10 unit = Rp. 450.000,-/hari
 Rp. 450.000,- x 30 hari = Rp. 13.500.000,-/bulan
G. Biaya Tetap ( FC)
 2 karyawan
 Gaji setiap karyawan tiap bulan Rp 1.000.000,-
 Jadi biaya karyawan, 2 karyawan X Rp1.000.000,00 = 2.000.000,00/bln, maka
setahun (12 bln) = Rp 24.000.000,00.
 Biaya Speedy Unlimited paket warnet = Rp. 1.000.000,-
H. Biaya Variabel (VC)
 Listrik 1 bulan = Rp. 1.500.000,-
 Kertas HVS 80 gr, toner = Rp. 500.000,-
I. Total Biaya per Tahun ( TC )
BIAYA TETAP JUMLAH
Karyawan Rp 24.000.000,00
Speedy Unlimited Rp 12.000.000,00
TOTAL FC Rp 36.000.000,00
BIAYA VARIABEL JUMLAH
Listrik Rp 18.000.000,00
Kertas HVS 80 gr,toner Rp 6.000.000,00
TOTAL VC Rp 24.000.000,00
TOTAL BIAYA Rp 60.000.000,00
Biaya per bulan = Rp.60.000.000,00 = Rp. 5.000.000,-
12
J. EBIT
KETERANGAN JUMLAH
REVENUE Rp13.500.000,00
TOTAL COST Rp5.000.000,00
DEPRESIASI Rp1.160.450,00
EBIT Rp7.339.550,00
Study Kelayakan Bisnis Warnet-Quw | Tugas Manajemen Keuangan 2

3. K. EAT
Tarif pajak diasumsikan sebesar 14%
KETERANGAN JUMLAH
EBIT Rp 7.339.550,00
BAYAR PAJAK 14% Rp 1.027.550,00
EAT Rp 6.312.000,00
L. Cash Flow
KETERANGAN JUMLAH
EAT Rp 6.312.000,00
DEPRESIASI Rp 1.160.450,00
CASH FLOW Rp 7. 472.450,00
RESIDU Rp 13.050.000,00
terminal cah flow Rp 20.522.450,00
M. Pola Arus Kas
BULAN CASH FLOW BULAN CASH FLOW
0 (Rp55.700.000,00) 25 Rp7.472.450,00
1 Rp7.472.450,00 26 Rp7.472.450,00
2 Rp7.472.450,00 27 Rp7.472.450,00
3 Rp7.472.450,00 28 Rp7.472.450,00
4 Rp7.472.450,00 29 Rp7.472.450,00
5 Rp7.472.450,00 30 Rp7.472.450,00
6 Rp7.472.450,00 31 Rp7.472.450,00
7 Rp7.472.450,00 32 Rp7.472.450,00
8 Rp7.472.450,00 33 Rp7.472.500,00
9 Rp7.472.450,00 34 Rp7.472.450,00
10 Rp7.472.450,00 35 Rp7.472.450,00
11 Rp7.472.450,00 36 Rp7.472.450,00
12 Rp7.472.450,00 37 Rp7.472.450,00
13 Rp7.472.450,00 38 Rp7.472.450,00
14 Rp7.472.450,00 39 Rp7.472.450,00
15 Rp7.472.450,00 40 Rp7.472.450,00
16 Rp7.472.450,00 41 Rp7.472.450,00
17 Rp7.472.450,00 42 Rp7.472.450,00
18 Rp7.472.450,00 43 Rp7.472.450,00
19 Rp7.472.450,00 44 Rp7.472.450,00
20 Rp7.472.450,00 45 Rp7.472.450,00
21 Rp7.472.450,00 46 Rp7.472.450,00
22 Rp7.472.450,00 47 Rp7.472.450,00
23 Rp7.472.450,00 48 Rp20.522.450,00
24 Rp7.472.450,00
Study Kelayakan Bisnis Warnet-Quw | Tugas Manajemen Keuangan 3

4. N. Payback Period
Payback Period =
IO
CF
PP 
7,45 bulan
Rp 55.700.000 ,00
PP  
Rp 7.472.450, 00
Payback Period = 7 bulan + 0.45 bulan x 30 hari = 7 bulan 14 hari
O. Average Rate of Return

 :Rp 55.700.000 ,00
= 0,139 = 0,14
Rp 371.727.65 0,00

ARR 
48



ARR = 14 %
Study Kelayakan Bisnis Warnet-Quw | Tugas Manajemen Keuangan 4

5. P. Net Present Value
BULAN CASH FLOW P/F,25 % NPV
0 (Rp55.700.000,00) 1 (Rp55.700.000,00)
1 Rp7.472.450,00 0,8 Rp5.977.960,00
2 Rp7.472.450,00 0,64 Rp4.782.368,00
3 Rp7.472.450,00 0,512 Rp3.825.894,40
4 Rp7.472.450,00 0,4096 Rp3.060.715,52
5 Rp7.472.450,00 0,3277 Rp2.448.721,87
6 Rp7.472.450,00 0,2621 Rp1.958.529,15
7 Rp7.472.450,00 0,2097 Rp1.566.972,77
8 Rp7.472.450,00 0,1678 Rp1.253.877,11
9 Rp7.472.450,00 0,1342 Rp1.002.802,79
10 Rp7.472.450,00 0,1074 Rp802.541,13
11 Rp7.472.450,00 0,0859 Rp641.883,46
12 Rp7.472.450,00 0,0687 Rp513.357,32
13 Rp7.472.450,00 0,055 Rp410.984,75
14 Rp7.472.450,00 0,044 Rp328.787,80
15 Rp7.472.450,00 0,0352 Rp263.030,24
16 Rp7.472.450,00 0,0281 Rp209.975,85
17 Rp7.472.450,00 0,0225 Rp168.130,13
18 Rp7.472.450,00 0,018 Rp134.504,10
19 Rp7.472.450,00 0,0144 Rp107.603,28
20 Rp7.472.450,00 0,0115 Rp85.933,18
21 Rp7.472.450,00 0,0092 Rp68.746,54
22 Rp7.472.450,00 0,0074 Rp55.296,13
23 Rp7.472.450,00 0,0059 Rp44.087,46
24 Rp7.472.450,00 0,0047 Rp35.120,52
25 Rp7.472.450,00 0,0038 Rp28.395,31
26 Rp7.472.450,00 0,003 Rp22.417,35
27 Rp7.472.450,00 0,0024 Rp17.933,88
28 Rp7.472.450,00 0,0019 Rp14.197,66
29 Rp7.472.450,00 0,0015 Rp11.208,68
30 Rp7.472.450,00 0,0012 Rp8.966,94
31 Rp7.472.450,00 0,001 Rp7.472,45
32 Rp7.472.450,00 0,0008 Rp5.977,96
33 Rp7.472.500,00 0,0006 Rp4.483,50
34 Rp7.472.450,00 0,0005 Rp3.736,23
35 Rp7.472.450,00 0,0004 Rp2.988,98
36 Rp7.472.450,00 0,0003 Rp2.241,74
37 Rp7.472.450,00 0,0003 Rp2.241,74
38 Rp7.472.450,00 0,0002 Rp1.494,49
39 Rp7.472.450,00 0,0002 Rp1.494,49
40 Rp7.472.450,00 0,0001 Rp747,25
41 Rp7.472.450,00 0,0001 Rp747,25
42 Rp7.472.450,00 0,0001 Rp747,25
43 Rp7.472.450,00 0,0001 Rp747,25
44 Rp7.472.450,00 0,0001 Rp747,25
45 Rp7.472.450,00 0 Rp0,00
46 Rp7.472.450,00 0 Rp0,00
47 Rp7.472.450,00 0 Rp0,00
48 Rp20.522.450,00 0 Rp0,00
JUMLAH (Rp25.813.188,85)
Tidak Layak (NPV≤0)
Study Kelayakan Bisnis Warnet-Quw | Tugas Manajemen Keuangan 5

6. Q. Profitability Index
BULAN CASH FLOW P/F,25 % NPV
1 Rp7.472.450,00 0,8 Rp5.977.960,00
2 Rp7.472.450,00 0,64 Rp4.782.368,00
3 Rp7.472.450,00 0,512 Rp3.825.894,40
4 Rp7.472.450,00 0,4096 Rp3.060.715,52
5 Rp7.472.450,00 0,3277 Rp2.448.721,87
6 Rp7.472.450,00 0,2621 Rp1.958.529,15
7 Rp7.472.450,00 0,2097 Rp1.566.972,77
8 Rp7.472.450,00 0,1678 Rp1.253.877,11
9 Rp7.472.450,00 0,1342 Rp1.002.802,79
10 Rp7.472.450,00 0,1074 Rp802.541,13
11 Rp7.472.450,00 0,0859 Rp641.883,46
12 Rp7.472.450,00 0,0687 Rp513.357,32
13 Rp7.472.450,00 0,055 Rp410.984,75
14 Rp7.472.450,00 0,044 Rp328.787,80
15 Rp7.472.450,00 0,0352 Rp263.030,24
16 Rp7.472.450,00 0,0281 Rp209.975,85
17 Rp7.472.450,00 0,0225 Rp168.130,13
18 Rp7.472.450,00 0,018 Rp134.504,10
19 Rp7.472.450,00 0,0144 Rp107.603,28
20 Rp7.472.450,00 0,0115 Rp85.933,18
21 Rp7.472.450,00 0,0092 Rp68.746,54
22 Rp7.472.450,00 0,0074 Rp55.296,13
23 Rp7.472.450,00 0,0059 Rp44.087,46
24 Rp7.472.450,00 0,0047 Rp35.120,52
25 Rp7.472.450,00 0,0038 Rp28.395,31
26 Rp7.472.450,00 0,003 Rp22.417,35
27 Rp7.472.450,00 0,0024 Rp17.933,88
28 Rp7.472.450,00 0,0019 Rp14.197,66
29 Rp7.472.450,00 0,0015 Rp11.208,68
30 Rp7.472.450,00 0,0012 Rp8.966,94
31 Rp7.472.450,00 0,001 Rp7.472,45
32 Rp7.472.450,00 0,0008 Rp5.977,96
33 Rp7.472.500,00 0,0006 Rp4.483,50
34 Rp7.472.450,00 0,0005 Rp3.736,23
35 Rp7.472.450,00 0,0004 Rp2.988,98
36 Rp7.472.450,00 0,0003 Rp2.241,74
37 Rp7.472.450,00 0,0003 Rp2.241,74
38 Rp7.472.450,00 0,0002 Rp1.494,49
39 Rp7.472.450,00 0,0002 Rp1.494,49
40 Rp7.472.450,00 0,0001 Rp747,25
41 Rp7.472.450,00 0,0001 Rp747,25
42 Rp7.472.450,00 0,0001 Rp747,25
43 Rp7.472.450,00 0,0001 Rp747,25
44 Rp7.472.450,00 0,0001 Rp747,25
45 Rp7.472.450,00 0 Rp0,00
46 Rp7.472.450,00 0 Rp0,00
47 Rp7.472.450,00 0 Rp0,00
48 Rp20.522.450,00 0 Rp0,00
ΔCFt/(1+K) Rp29.886.811,15
IO Rp55.700.000,00
PI 0,536567525
Tidak Layak (PI≤1)
Study Kelayakan Bisnis Warnet-Quw | Tugas Manajemen Keuangan 6

7. R. Internal Rate of Return
Trial And Error NPV1 : i1 = 13%
BULAN CASH FLOW P/F, 13% NPV
0 (Rp55.700.000,00) 1 (Rp55.700.000,00)
1 Rp7.472.450,00 0,885 Rp6.613.118,25
2 Rp7.472.450,00 0,7831 Rp5.851.675,60
3 Rp7.472.450,00 0,6931 Rp5.179.155,10
4 Rp7.472.450,00 0,6133 Rp4.582.853,59
5 Rp7.472.450,00 0,5428 Rp4.056.045,86
6 Rp7.472.450,00 0,4803 Rp3.589.017,74
7 Rp7.472.450,00 0,4251 Rp3.176.538,50
8 Rp7.472.450,00 0,3762 Rp2.811.135,69
9 Rp7.472.450,00 0,3329 Rp2.487.578,61
10 Rp7.472.450,00 0,2946 Rp2.201.383,77
11 Rp7.472.450,00 0,2607 Rp1.948.067,72
12 Rp7.472.450,00 0,2307 Rp1.723.894,22
13 Rp7.472.450,00 0,2042 Rp1.525.874,29
14 Rp7.472.450,00 0,1807 Rp1.350.271,72
15 Rp7.472.450,00 0,1599 Rp1.194.844,76
16 Rp7.472.450,00 0,1415 Rp1.057.351,68
17 Rp7.472.450,00 0,1252 Rp935.550,74
18 Rp7.472.450,00 0,1108 Rp827.947,46
19 Rp7.472.450,00 0,0981 Rp733.047,35
20 Rp7.472.450,00 0,0868 Rp648.608,66
21 Rp7.472.450,00 0,0768 Rp573.884,16
22 Rp7.472.450,00 0,068 Rp508.126,60
23 Rp7.472.450,00 0,0601 Rp449.094,25
24 Rp7.472.450,00 0,0532 Rp397.534,34
25 Rp7.472.450,00 0,0471 Rp351.952,40
26 Rp7.472.450,00 0,0417 Rp311.601,17
27 Rp7.472.450,00 0,0369 Rp275.733,41
28 Rp7.472.450,00 0,0326 Rp243.601,87
29 Rp7.472.450,00 0,0289 Rp215.953,81
30 Rp7.472.450,00 0,0256 Rp191.294,72
31 Rp7.472.450,00 0,0226 Rp168.877,37
32 Rp7.472.450,00 0,02 Rp149.449,00
33 Rp7.472.500,00 0,0177 Rp132.263,25
34 Rp7.472.450,00 0,0157 Rp117.317,47
35 Rp7.472.450,00 0,0139 Rp103.867,06
36 Rp7.472.450,00 0,0123 Rp91.911,14
37 Rp7.472.450,00 0,0109 Rp81.449,71
38 Rp7.472.450,00 0,0096 Rp71.735,52
39 Rp7.472.450,00 0,0085 Rp63.515,83
40 Rp7.472.450,00 0,0075 Rp56.043,38
41 Rp7.472.450,00 0,0067 Rp50.065,42
42 Rp7.472.450,00 0,0059 Rp44.087,46
43 Rp7.472.450,00 0,0052 Rp38.856,74
44 Rp7.472.450,00 0,0046 Rp34.373,27
45 Rp7.472.450,00 0,0041 Rp30.637,05
46 Rp7.472.450,00 0,0036 Rp26.900,82
47 Rp7.472.450,00 0,0032 Rp23.911,84
48 Rp20.522.450,00 0,0028 Rp57.462,86
NPV Positive Rp1.655.463,10
Study Kelayakan Bisnis Warnet-Quw | Tugas Manajemen Keuangan 7

8. Trial And Error NPV2 : i2 = 14%
BULAN CASH FLOW P/F, 14% NPV
0 (Rp55.700.000,00) 1 (Rp55.700.000,00)
1 Rp7.472.450,00 0,8772 Rp6.554.833,14
2 Rp7.472.450,00 0,7695 Rp5.750.050,28
3 Rp7.472.450,00 0,675 Rp5.043.903,75
4 Rp7.472.450,00 0,5921 Rp4.424.437,65
5 Rp7.472.450,00 0,5194 Rp3.881.190,53
6 Rp7.472.450,00 0,4556 Rp3.404.448,22
7 Rp7.472.450,00 0,3996 Rp2.985.991,02
8 Rp7.472.450,00 0,3506 Rp2.619.840,97
9 Rp7.472.450,00 0,3075 Rp2.297.778,38
10 Rp7.472.450,00 0,2697 Rp2.015.319,77
11 Rp7.472.450,00 0,2366 Rp1.767.981,67
12 Rp7.472.450,00 0,2076 Rp1.551.280,62
13 Rp7.472.450,00 0,1821 Rp1.360.733,15
14 Rp7.472.450,00 0,1597 Rp1.193.350,27
15 Rp7.472.450,00 0,1401 Rp1.046.890,25
16 Rp7.472.450,00 0,1229 Rp918.364,11
17 Rp7.472.450,00 0,1078 Rp805.530,11
18 Rp7.472.450,00 0,0946 Rp706.893,77
19 Rp7.472.450,00 0,0829 Rp619.466,11
20 Rp7.472.450,00 0,0728 Rp543.994,36
21 Rp7.472.450,00 0,0638 Rp476.742,31
22 Rp7.472.450,00 0,056 Rp418.457,20
23 Rp7.472.450,00 0,0491 Rp366.897,30
24 Rp7.472.450,00 0,0431 Rp322.062,60
25 Rp7.472.450,00 0,0378 Rp282.458,61
26 Rp7.472.450,00 0,0331 Rp247.338,10
27 Rp7.472.450,00 0,0291 Rp217.448,30
28 Rp7.472.450,00 0,0255 Rp190.547,48
29 Rp7.472.450,00 0,0224 Rp167.382,88
30 Rp7.472.450,00 0,0196 Rp146.460,02
31 Rp7.472.450,00 0,0172 Rp128.526,14
32 Rp7.472.450,00 0,0151 Rp112.834,00
33 Rp7.472.500,00 0,0132 Rp98.637,00
34 Rp7.472.450,00 0,0116 Rp86.680,42
35 Rp7.472.450,00 0,0102 Rp76.218,99
36 Rp7.472.450,00 0,0089 Rp66.504,81
37 Rp7.472.450,00 0,0078 Rp58.285,11
38 Rp7.472.450,00 0,0069 Rp51.559,91
39 Rp7.472.450,00 0,006 Rp44.834,70
40 Rp7.472.450,00 0,0053 Rp39.603,99
41 Rp7.472.450,00 0,0046 Rp34.373,27
42 Rp7.472.450,00 0,0041 Rp30.637,05
43 Rp7.472.450,00 0,0036 Rp26.900,82
44 Rp7.472.450,00 0,0031 Rp23.164,60
45 Rp7.472.450,00 0,0027 Rp20.175,62
46 Rp7.472.450,00 0,0024 Rp17.933,88
47 Rp7.472.450,00 0,0021 Rp15.692,15
48 Rp20.522.450,00 0,0019 Rp38.992,66
NPV Negative (Rp2.400.372,07)
Study Kelayakan Bisnis Warnet-Quw | Tugas Manajemen Keuangan 8

9. Internal Rate of Return
1
IRR  i 

1 2 1
(i i )
NPV
NPV 
NPV
1 2
(1%)
Rp 1.655.463, 10
Rp4.055.83 5,17
IRR 13% 
IRR = 0,13 + 0,408168 X 0,01
IRR = 0,13 + 0,004082
IRR = 0,134082 =0,1341
IRR =13,41%
Study Kelayakan Bisnis Warnet-Quw | Tugas Manajemen Keuangan 9

10. S. Modified Internal Rate of Return
BULAN CASH FLOW F/P, 25%
n-t
NPV
1 Rp7.472.450,00 35.873,24 Rp268.060.999.710,45
2 Rp7.472.450,00 28.698,59 Rp214.448.801.262,85
3 Rp7.472.450,00 22.958,87 Rp171.559.038.021,30
4 Rp7.472.450,00 18.367,10 Rp137.247.228.922,55
5 Rp7.472.450,00 14.693,68 Rp109.797.781.643,55
6 Rp7.472.450,00 1.754,94 Rp13.113.731.292,80
7 Rp7.472.450,00 9.403,96 Rp70.270.583.539,75
8 Rp7.472.450,00 7.523,16 Rp56.216.466.831,80
9 Rp7.472.450,00 6.018,53 Rp44.973.171.970,95
10 Rp7.472.450,00 4.814,83 Rp35.978.539.071,25
11 Rp7.472.450,00 3.851,86 Rp28.782.831.257,00
12 Rp7.472.450,00 3.081,49 Rp23.026.265.005,60
13 Rp7.472.450,00 2.465,19 Rp18.421.009.015,50
14 Rp7.472.450,00 1.972,15 Rp14.736.807.212,40
15 Rp7.472.450,00 1.577,72 Rp11.789.448.758,90
16 Rp7.472.450,00 1.262,18 Rp9.431.554.523,65
17 Rp7.472.450,00 1.009,74 Rp7.545.246.607,90
18 Rp7.472.450,00 807,79 Rp6.036.200.275,30
19 Rp7.472.450,00 646,24 Rp4.828.958.725,75
20 Rp7.472.450,00 516,988 Rp3.863.166.980,60
21 Rp7.472.450,00 413,59 Rp3.090.530.595,50
22 Rp7.472.450,00 330,872 Rp2.472.424.476,40
23 Rp7.472.450,00 264,698 Rp1.977.942.570,10
24 Rp7.472.450,00 211,758 Rp1.582.351.067,10
25 Rp7.472.450,00 169,407 Rp1.265.885.337,15
26 Rp7.472.450,00 135,525 Rp1.012.703.786,25
27 Rp7.472.450,00 108,42 Rp810.163.029,00
28 Rp7.472.450,00 86,736 Rp648.130.423,20
29 Rp7.472.450,00 69,389 Rp518.505.833,05
30 Rp7.472.450,00 55,511 Rp414.803.171,95
31 Rp7.472.450,00 44,41 Rp331.844.032,05
32 Rp7.472.450,00 35,53 Rp265.473.731,15
33 Rp7.472.500,00 28,42 Rp212.383.395,00
34 Rp7.472.450,00 22,74 Rp169.901.095,65
35 Rp7.472.450,00 18,19 Rp135.923.865,50
36 Rp7.472.450,00 14,55 Rp108.739.092,40
37 Rp7.472.450,00 11,64 Rp86.994.262,90
38 Rp7.472.450,00 9,31 Rp69.590.926,85
39 Rp7.472.450,00 7,45 Rp55.677.224,95
40 Rp7.472.450,00 5,96 Rp44.535.802,00
41 Rp7.472.450,00 4,77 Rp35.628.641,60
42 Rp7.472.450,00 3,82 Rp28.507.396,75
43 Rp7.472.450,00 3,05 Rp22.805.917,40
44 Rp7.472.450,00 2,44 Rp18.240.250,45
45 Rp7.472.450,00 1,95 Rp14.593.694,85
46 Rp7.472.450,00 1,56 Rp11.679.439,35
47 Rp7.472.450,00 1,25 Rp9.340.562,50
48 Rp20.522.450,00 1,00 Rp20.522.450,00
TV Rp1.265.563.652.700,90
Study Kelayakan Bisnis Warnet-Quw | Tugas Manajemen Keuangan 10

11. Modified Internal Rate of Return
(1+MIRR)
TV

IO
(1+MIRR)
Rp1.265.56 3.652.700, 90

Rp55.700.0 00,00
(1+MIRR) = 22.721,07
48 log(1+MIRR) = log 22.721,07
48 log(1+MIRR) = 4,35642878
Log(1+MIRR) =
4,3564287 8
48
Log(1+MIRR) = 0,0907589292
(1+MIRR) = -1,042110637
MIRR = -1,042110637 - 1
MIRR = -2,042110637
MIRR = -204,2%
Study Kelayakan Bisnis Warnet-Quw | Tugas Manajemen Keuangan 11