Keterangan Aset Baru Aset Lama

Purchasing Price 350,000 700,000

Useful Life 5 tahun 10 tahun
Salvage Value (Sekarang) - 400,000
Salvage value (akhir penggunaan) 50,000 70,000
Shipping Cost 20,000 20,000
Installation Cost 30,000 50,000
Annual cost of defects per year 20,000 90,000
Salaries per year 100,000 200,000
Maintenance per year 80,000 20,000
Net Operating Working Capital 60,000 60,000

Initial Oullay
New asset
Price 350,000
Shipp 20,000
Instal 30,000
Cost of asset 400,000
NOWC -

Old asset
Price 700,000
Shipp 20,000
Instal 50,000
Cost asset 770,000 Depres
Sale 400,000 Acc
BV 420,000
Loss (20,000)
Tax (6,000)
Cash proceed 406,000

IO (6,000) Cash inflow

FCF 1 2 3
Revenue 80,000 100,000 150,000
Cost defect 70,000 70,000 70,000
salaries 100,000 100,000 100,000
maintenance (60,000) (60,000) (60,000)
Depresiasi - - -
Total EBIT 190,000 210,000 260,000
Tax (57,000) (63,000) (78,000)
Add depre - - -
OP cash flow 133,000 147,000 182,000
NOWC (8,000) (2,000) (5,000)
Capex
FCF 125,000 145,000 177,000
PVIF 0.893 0.797 0.712
PV FCF 111,607 115,593 125,985
TOTAL PV FCF 492,477
IO (6,000)
NPV 498,477
Sales Tahun - 1 2 3 4 5

Aset Baru 680,000 700,000 750,000 620,000 600,000

Aset Lama 600,000 600,000 600,000 600,000 600,000
Selisih - 80,000 100,000 150,000 20,000 -
OWC - 8,000 10,000 15,000 2,000 -
NOWC - 8,000 2,000 5,000 (13,000) (2,000)

Deprs 70,000

70,000
350,000

4 5
20,000 -
70,000 70,000
100,000 100,000
(60,000) (60,000)
- -
130,000 110,000
(39,000) (33,000)
 - -
91,000 77,000
13,000 2,000
50,000
104,000 129,000
0.636 0.567
66,094 73,198
Initial outlay:
Mesin Baru:
Price 500000
Ship 50000
Train 50000
OWC 40000
640000

Mesin Lama:
Price 800000
Ship 50000
Cost asset 850000
Accum Deprec 425000
Book Value 425000
Sale price 500000
Gain 75000
Tax 22500
Cash proceed 477500
IO 162500

FCF 1 2 3 4 5
Revenue #REF! #REF! #REF! #REF!
Cost defect #REF! #REF! #REF! #REF! #REF!
salaries #REF! #REF! #REF! #REF! #REF!
maintenance #REF! #REF! #REF! #REF! #REF!
Depresiasi - - - - -
Total EBIT #REF! #REF! #REF! #REF! #REF!
Tax #REF! #REF! #REF! #REF! #REF!
Add depre - - - - -
OP cash flow #REF! #REF! #REF! #REF! #REF!
NOWC #REF! #REF! #REF! #REF! #REF!
Capex 50,000
FCF #REF! #REF! #REF! #REF! #REF!
FCF 1
Revenue 250,000
COGS 100,000
GP 150,000
maintenance 15,000
Salaries 30,000
Utility 20,000
Deprec 85,000

Tax (6,000)
Add depre -
OP cash flow 14,000
NOWC #REF!
Capex
FCF #REF!