Project A

8%
CF

0
1
2
3
4
5

df
-100
10
20
30
40
50

1.00
0.93
0.86
0.79
0.74
0.68
NPV
PI

DCF=(PV) Cum CF
-100.00
-100.00
9.26
-90.74
17.15
-73.59
23.81
-49.78
29.40
-20.38
34.03
13.65
13.65
1.14

Cost of capital (i)

PB max 4 tahun
Accepted
Rejected
DPPa

Project B
CF
0
1
2
3
4
5

df
-100
30
30
30
30
30
NPV
PI

DCF=(PV) Cum CF
PB
Mutually Exc
1.00
-100.00
-100.00 -3.333333 Independent
0.93
27.78
-72.22
DPPb
0.86
25.72
-46.50
0.79
23.81
-22.69
Diterima
0.74
22.05
-0.64
Ditolak
0.68
20.42
19.78
19.78
1.20

8%

PB < PB max
PB > PB max
4.598834

A krn Pba < PBb

dilihat dari hasil project PB max
4.031159
NPV > 0
NPV < 0