ekotek - agung cahyadi - 11

7/24/2019 Ekotek - Agung Cahyadi - 11

1/40

11.2

P $ 100,000.00

TIV $ 60,000.00

MV $ 15,000.00

P challenger $ 75,000.00

MARR 15%

Sunk Cost $ 25,000.00

11.4

The assump!"ns are#

1 The ser!ces pr"!e are neee &"r he !ne&!n!e &uure.

2 The challenger !s he 'es aa!la'le challenger n"( an !n he &uure. )hen h

challenger replaces he e&ener *n"( "r laer+, ! (!ll 'e repeae !n succee!

ccles.

- "s es!maes &"r eer l!&e ccle "& he e&ener an challenger (!ll 'e he s

unless "her(!se spec!&!e.

11.6

P $ /0,000.00 2 ears ag"

MV $/0000$000 !s n

A3 $ 65,000.00 &"r 4 ears

$ 6,-00.00 a&er ear 4

$ 7,000.00 10 ear

a n 2

P $ 74,000.00

$ 66,000.00A3 $ 65,000.00

' n -

P $ 66,000.00

$ 5,000.00

A3 $ 65,000.00

11.

P $ *10,000.00+

! 10%

ear 3pera!ng "s alage

1 $ *1,000.00+ $ 7,000.00

2 $ *1,200.00+ $ 5,000.00

- $ *1,-00.00+ $ 4,500.00

4 $ *2,000.00+ $ -,000.00

5 $ *-,000.00+ $ 2,000.00

c"n"m!c e!ce 8!&e !s - ears (!h A) 9 $-.1,7- per ear


2/40

11.10

! 10%

ear A) P A) 3

1 $ *51,700.00+ $ *15,000.00+

2 $ *27,0/1.00+ $ *17,000.00+

- $ *1,//.00+ $ *1/,000.00+4 $ *14,27.00+ $ *21,000.00+

5 $ *12,-/.00+ $ *2-,000.00+

A) !n ear -

! 10%

n -

P $ 46,///.02

$ 22,004.

11.12

P $ *65,000.00+n 7

3 $40000:$10000 !s n

alage $ -0,000.00 ear 1 an 2

$ 20,000.00 ear -7

! 10%


1 $ *50,000.00+ $ -0,000.00

2 $ *60,000.00+ $ -0,000.00

- $ *70,000.00+ $ 20,000.00

4 $ *0,000.00+ $ 20,000.00

5 $ */0,000.00+ $ 20,000.006 $ *100,000.00+ $ 20,000.00

7 $ *110,000.00+ $ 20,000.00

c"n"m!c er!ce 8!&e !s 2 ears (!h A) 9 $77./2,57 per ear

11.14

P $ *70,000.00+

n 6

ecrease 15% per ear

3pera!ng "s $ 75,000.00

! 12%


1 $ *75,000.00+ $ 5/,500.00

2 $ *75,000.00+ $ 50,575.00

- $ *75,000.00+ $ 42,/.75

4 $ *75,000.00+ $ -6,540.44

5 $ *75,000.00+ $ -1,05/.-7

$70.000(10

.15)^


3/40

6 $ *75,000.00+ $ 26,400.47

c"n"m!c er!ce 8!&e !s 6 ears (!h A) 9 $.772,5 per ear

11.16

! 14%

P $ *100,000.00+

ear alage 3pera!ng "s

1 $ 75,000.00 $ *2,000.00+

2 $ 60,000.00 $ *-1,000.00+

- $ 50,000.00 $ *-4,000.00+

4 $ 40,000.00 $ *-4,000.00+

5 $ 25,000.00 $ *-4,000.00+

6 $ 15,000.00 $ *45,000.00+

7 $ $ *4/,000.00+

c"n"m!c er!ce 8!&e !s 5 ears (!h A) 9 $57.140,7/

11.1

$ *-,000,000.00+

!"

$ 25,000,000.00

rea!ne 75%

rea!ne 50%

n 12

H#t%n& #'#(#nt )#*'+#(#nt $ *4,000,000.00+

AOC!ncrease 25%

10%

% 15%

ear MV A3

1 $ 25,000,000.00 $ *-,400,000.00+

2 $ 1,750,000.00 $ *-,740,000.00+

- $ 14,062,500.00 $ *4,114,000.00+

4 $ 10,546,75.00 $ *4,525,400.00+

5 $ 5,27-,4-7.50 $ *5,656,750.00+

6 $ 2,6-6,71.75 $ *11,070,/-7.50+

7 $ 1,-1,-5/.- $ *,-,671.+

$ 65/,17/.6/ $ *11,04,--/.4+

/ $ -2/,5/.4 $ *1-,10,424.0+

10 $ 164,7/4./2 $ *17,26-,0-1.01+

11 $ 2,-/7.46 $ *21,57,7.76+12 $ 41,1/.7- $ *26,/7-,45./5+

a *a+ The ne( 8 !s ears (!h A)9$14.127.4/,5/

' *;+ 8 has ecrease &r"m 12 " ears *a'"u a 25% ecrease+e&ener $ *54,025.-+

11.24

! 15%

urren Pr"cess 3?pure Pr"cess

3r!g!nal "s $ *450,000.00+ $

Ines @"( $ $ *700,000.00+

MV $ 25,000.00 $

A3 $ *10,000.00+ $ *70,000.00+

alage $ $ 50,000.00

n 5 10

ear urren Pr"cess *>e&ener+3?pure Pr"cess

@ @

0 $ *25,000.00+ $ *700,000.00+

1 $ *10,000.00+ $ *70,000.00+

2 $ *10,000.00+ $ *70,000.00+

- $ *10,000.00+ $ *70,000.00+

4 $ *10,000.00+ $ *70,000.00+

5 $ *10,000.00+ $ *70,000.00+


5/40

6 $ *70,000.00+

7 $ *70,000.00+

$ *70,000.00+

/ $ *70,000.00+

10 $ *20,000.00+

A) $ *17,457./+ $ *207,01-.4+

elec he e&ener, rea!n he urren Pr"cess

11.26

P $ *50,000.00+

3pera!ng "s $ *-7,000.00+ &"r he ne? 2 ears

MV $ 10,000.00 ear 1

$ 1,000.00

! 10%

ear 3 Mare Value

1 $ *-7,000.00+ $ 10,000.00

2 $ *-7,000.00+ $ 1,000.00

c"n"m!c er!ce 8!&e !s 2 ears (!h A) e&ener 9 $65.---,--

A) hallenger $ *56,000.00+

There&"re, he c"mpan sh"ul "us"urce he pr"cess n"(

11.2

P e&ener $ *54,000.00+

MV e&ener $ 40,000.00 ear 1

$ 20,000.00 ear 2MB3 "s $ *2-,000.00+

P challenger $ *1-,000.00+

3 challenger $ */,000.00+

alage $ -2,000.00 a&er 5 ears

n challenger 5

! 10%

>e&ene

ear Mare Value MB3 "s

1 $ 40,000.00 $ *2-,000.00+

2 $ 20,000.00 $ *2-,000.00+

hallenger

ear @

0 $ *1-,000.00+

1 $ */,000.00+

2 $ */,000.00+

- $ */,000.00+

4 $ */,000.00+

5 $ 2-,000.00

A) $ *40,162.5-+


6/40

Replace he e&ener (!h he challenger

11.-0

MARR 12%

ear >e&ener hallenger @ @

0 $ *250,000.00+ $ *-00,000.00+

1 $ ===

2 $ ===

- $ 40,000.00 $

4 $

5 $

6 $

7 $

$

/ $

10 $ 50,000.00A) $ */2,2--.2/+ $ *50,246.04+

The c"mpan sh"ul purchase he challenger

11.-2

! 15%

>e&ener

P $ *,000.00+

n -

ear Mare Value A3

1 $ 6,000.00 $ *50,000.00+

2 $ 4,000.00 $ *5-,000.00+

- $ 1,000.00 $ *60,000.00+

hallenger

P $ *125,000.00+

n 5

ear Mare Value A3

1 $ $ *-1,000.00+

2 $ $ *-1,000.00+- $ $ *-1,000.00+

4 $ $ *-1,000.00+

5 $ 10,000.00 $ *-1,000.00+

elec he e&ener r!gh n"( an replace ! a&er "ne ear

11.-4

The cash&l"( appr"ach su'racs he mare alue "& he e&ener &r"m he &!rs c"s "& he challe


7/40

I !s n" a g"" !ea " " h!s appr"ach 'ecause#

1+ I (!ll !el he (r"ng c"s &"r he challenger !& he rea!n!ng l!&e "& he e&ener !s n" eDual " h

2+ ; su'rac!ng he e&ener mare alue &r"m he &!rs c"s "& he challenger, he resul!ng cap!

Th!s m!gh resul !n !naccurae pr!c!ng "& g""s "r ser!ces pr"!e ' he challenger.

11.-6

! 10%n 5

3p!"nT!me !n er!ce

>e&ener hallenger

1 5 0

2 4 1

- - 2

4 2 -

5 1 4

6 0 5

The l"(es P) !s $1-.727,27 &"r "p!"n 5 *e&ener !n ear 1 an challenger !n ear 4

11.-

R"'" E R"'"

P $ *2,000.00+ $ */7,000.00+

MB3 "s $ *-0,000.00+ $ *27,000.00+

alage

ear 1 $ 50,000.00 $ 60,000.00

ear 2 $ 42,000.00 $ 51,000.00

ear - $ -5,000.00 $ 42,000.00

! 15%

R"'" E

ear MB3 "s alage

1 $ *-0,000.00+ $ 50,000.00

2 $ *-0,000.00+ $ 42,000.00

R"'"

ear MB3 "s alage

1 $ *27,000.00+ $ 60,000.00

2 $ *27,000.00+ $ 51,000.00

elec R"'" E

11.40

Pr"cess F Pr"cess 8

P $ *165,000.00+ $ *2-0,000.00+

3 $ *6/,000.00+ $ *65,000.00+

alage

ear 1 $ 50,000.00 $ 100,000.00

ear 2 $ 40,000.00 $ 70,000.00

ear - $ $ 45,000.00


8/40

ear 4 $ $ 26,000.00

MARR 12%

a

>e&ener

ear 3 alage

1 $ *6/,000.00+ $ 50,000.002 $ *6/,000.00+ $ 40,000.00

hallenger

ear 3 alage

1 $ *65,000.00+ $ 100,000.00

2 $ *65,000.00+ $ 70,000.00

elec Pr"cess F

'

>e&ener

ear 3 alage1 $ *6/,000.00+ $ 50,000.00

2 $ *6/,000.00+ $ 40,000.00

hallenger

ear 3 alage

1 $ *65,000.00+ $ 100,000.00

2 $ *65,000.00+ $ 70,000.00

- $ *65,000.00+ $ 45,000.00

elec Pr"cess 8

11.42

n 5

ear A) l"se>"(n ?pense

0 $ $ *-,000,000.00+

1 $ *2,-00,000.00+ $ *2,500,000.00+

2 $ *2,-00,000.00+ $ *2,000,000.00+

- $ *-,000,000.00+ $ *1,000,000.00+

4 $ *-,000,000.00+ $ *1,000,000.00+

5 $ *-,500,000.00+ $ *500,000.00+

a MARR %

3p!"n >e&ener

1 0

2 1

- 2

4 -

5 4

6 5


9/40

elec "p!"n 6

' 3p!"n 6 !s he 'es s"lu!"n (h"se he m"s ec"n"m!c reen!"n per!". " h

11.44

! 12%

>e&ener

P $ *5,/6-.54+

ear A3 alage

1 $ *6-,000.00+ $ 25,000.00

2 $ *6-,000.00+ $ 25,000.00

- $ *6-,000.00+ $ 25,000.00

hallenger

P $ *1-0,000.00+

ear A3 alage1 $ *-2,000.00+ $ 45,000.00

2 $ *-2,000.00+ $ 45,000.00

- $ *-2,000.00+ $ 45,000.00

4 $ *-2,000.00+ $ 45,000.00

5 $ *-2,000.00+ $ 45,000.00

6 $ *-2,000.00+ $ 45,000.00

The mare alue &"r he e?!s!ng asse (!ll eDuall rener he challenge !& he mare alue !s $5./

11.46

! 12%

Pur!&!er A

P $ 77,4.75

ear 3 alage

1 $ *140,000.00+ $

2 $ *142,000.00+ $

- $ *144,000.00+ $

Pur!&!er ;

P $ *150,000.00+

ear 3 alage

1 $ *2,000.00+ $ 50,000.00

2 $ *2,500.00+ $ 50,000.00

- $ *-,000.00+ $ 50,000.00

4 $ *-,500.00+ $ 50,000.00

5 $ *4,000.00+ $ 50,000.00

6 $ *4,500.00+ $ 50,000.00

7 $ *5,000.00+ $ 50,000.00

$ *5,500.00+ $ 50,000.00


10/40

The mare alue &"r pur!&!er A (!ll eDuall rener he challenge !& he mare alue !s $77.4,75


11/40

TUGAS EKOTEK

AGUNG CAH

140660665

!s

g l!&e

me,

A) 3 ap!al Rec"er A) T"al

$ *1,000.00+ $ *4,000.00+ $ *5,000.00+

$ *1,0/5.24+ $ *-,-0./5+ $ *4,476.1/+

$ *1,157.10+ $ *2,661.6-+ $ *-,1.7-+

$ *1,--.72+ $ *2,50.-0+ $ *-,47.02+

$ *1,610.-+ $ *2,-10.-+ $ *-,/21.21+


12/40

A) alage

$ -5,000.00

$ 1-,10.00

$ 6,64.00$ 4,-0/.00

$ 2,457.00


$ *50,000.00+ $ *41,500.00+ $ */1,500.00+

$ *54,761./0+ $ *2-,166.67+ $ *77,/2.57+

$ *5/,-65.56+ $ *20,0/5.17+ $ *7/,460.7-+

$ *6-,11.6+ $ *16,1/6.1/+ $ *0,007.6+

$ *6,101.26+ $ *1-,70./+ $ *1,/72.15+$ *72,2-5.57+ $ *12,--2.--+ $ *4,567./0+

$ *76,216.15+ $ *11,24-.25+ $ *7,45/.40+


$ *75,000.00+ $ *1,/00.00+ $ */-,/00.00+

$ *75,000.00+ $ *17,562.74+ $ */2,562.74+

$ *75,000.00+ $ *16,404.76+ $ */1,404.76+

$ *75,000.00+ $ *15,400./+ $ */0,400./+

$ *75,000.00+ $ *14,52/.6-+ $ */,52/.6-+


13/40

$ *75,000.00+ $ *1-,772.5+ $ *,772.5+

ap!al Rec"er A) 3 A) T"al

$ *-/,000.00+ $ *2,000.00+ $ *67,000.00+

$ *-2,6/1.5/+ $ *2/,401.7+ $ *62,0/-.46+

$ *2,5-6.57+ $ *-0,7-.6/+ $ *5/,275.26+

$ *26,1/2.2/+ $ *-1,401.40+ $ *57,5/-.6/+

$ *25,-46.27+ $ *-1,7/4.5-+ $ *57,140.7/+

$ *2-,/5.-/+ $ *--,-41.65+ $ *57,-00.04+

$ *2-,-1/.24+ $ *-4,00./+ $ *5,120.1-+

ear 1

sar!ng ear 5

ear 6

sar!ng ear 5

'e&"re ear 5

R *A) alage+ A) A3 A) T"al

$ *1,700,000.00+ $ *-,400,000.00+ $ *22,100,000.00+

$ *14,65-,4.-7+ $ *-,55,1-/.5-+ $ *1,211,627./1+

$ *12,5/-,44.52+ $ *-,71,214.54+ $ *16,-11,66-.07+

$ *11,1/7,/0/.7-+ $ *-,7/,65.2+ $ *15,077,775.55+

$ *10,55-,5.20+ $ *4,14-,405.-+ $ *14,6/7,26-.5+

$ */,7-/,7/1.6+ $ *4,/-4,75.22+ $ *14,674,577.0+

$ */,014,566.-+ $ *5,27,541.4+ $ *14,-02,10.22+

$ *,420,22.11+ $ *5,707,216.4/+ $ *14,127,4/.5/+

$ *7,/44,177.5+ $ *6,1/,/57.14+ $ *14,1-4,1-4.72+

$ *7,56-,461./+ $ *6,7-5,-2.7+ $ *14,2/,7/0.75+

$ *7,257,2-7.-7+ $ *7,-44,/-4.67+ $ *14,602,172.04+$ *7,00,4./-+ $ *,021,742.-5+ $ *15,0-0,5/1.2+

an annual !ncrease "& 14.7%


14/40

& he e&ener &"r an num'er "& ears "& reen!"n.


15/40


$ *-7,000.00+ $ *45,000.00+ $ *2,000.00+

$ *-7,000.00+ $ *2,---.--+ $ *65,---.--+

ap!al Rec"er A) "s T"al A)

$ *1/,400.00+ $ *2-,000.00+ $ *42,400.00+

$ *21,5/0.4+ $ *2-,000.00+ $ *44,5/0.4+


16/40

ap!al Rec"er A) A3 T"al A)

$ *-,200.00+ $ *50,000.00+ $ *5-,200.00+

$ *-,060.47+ $ *51,-/5.-5+ $ *54,455.1+

$ *-,215.4+ $ *5-,7-.2/+ $ *57,0/.1-+

ap!al Rec"er A) A3 T"al A)

$ *14-,750.00+ $ *-1,000.00+ $ *174,750.00+

$ *76,/.5-+ $ *-1,000.00+ $ *107,/.5-+$ *54,747.12+ $ *-1,000.00+ $ *5,747.12+

$ *4-,7-.17+ $ *-1,000.00+ $ *74,7-.17+

$ *-5,06.2/+ $ *-1,000.00+ $ *66,06.2/+

ger 'e&"re am"r!C!ng he c"s "& challenger.


17/40

l!&e "& he challenger

al rec"er alue "es n" represen he rue c"s "& he challenger *he R "'a!ne !s l

P) "& ash l"(

0 1 2

$ *217,000.00+

$ *166,000.00+ $ $

$ *125,000.00+ $ $

$ *75,000.00+ $ $ *102,000.00+

$ *-6,000.00+ $ *11-,000.00+

$ *14/,000.00+

A) "s ap!al Rec"er A) T"al

$ *-0,000.00+ $ *44,-00.00+ $ *74,-00.00+

$ *-0,000.00+ $ *-0,/04.65+ $ *60,/04.65+

A) "s ap!al Rec"er A) T"al

$ *27,000.00+ $ *51,550.00+ $ *7,550.00+

$ *27,000.00+ $ *-5,/45.-5+ $ *62,/45.-5+


18/40

A) 3 ap!al Rec"er T"al A)

$ *6/,000.00+ $ *1-4,00.00+ $ *20-,00.00+$ *6/,000.00+ $ *7,762.26+ $ *147,762.26+


$ *65,000.00+ $ *157,600.00+ $ *222,600.00+

$ *65,000.00+ $ *10-,071.70+ $ *16,071.70+

A) 3 ap!al Rec"er T"al A)$ *6/,000.00+ $ *27,20.00+ $ */6,20.00+

$ *6/,000.00+ $ *21,/5/.25+ $ */0,/5/.25+


$ *65,000.00+ $ *157,600.00+ $ *222,600.00+

$ *65,000.00+ $ *10-,071.70+ $ *16,071.70+

$ *65,000.00+ $ *2,424.56+ $ *147,424.56+

hallenger

0 1

5 $ *-,000,000.00+ $ *5,000,000.00+

4 $ $ *4,00,000.00+

- $ $ *2,-00,000.00+

2 $ $ *-,000,000.00+

1 $ $ *-,000,000.00+

0 $ $ *-,500,000.00+


19/40

!saanage m!gh 'e $0 eDu!alen per ear &"r 5 ears


$ *6-,000.00+ $ 1,-20.- $ *44,67/.17+

$ *6-,000.00+ $ ,26-.4 $ *54,7-6.16+

$ *6-,000.00+ $ 4,/25.1 $ *5,074.1/+

A) 3 ap!al Rec"er A) T"al$ *-2,000.00+ $ *100,600.00+ $ *1-2,600.00+

$ *-2,000.00+ $ *55,6/4.-4+ $ *7,6/4.-4+

$ *-2,000.00+ $ *40,7/.66+ $ *72,7/.66+

$ *-2,000.00+ $ *--,-4./-+ $ *65,-4./-+

$ *-2,000.00+ $ *2,/7/.-+ $ *60,/7/.-+

$ *-2,000.00+ $ *26,074.1/+ $ *5,074.1/+

6-,54


$ *140,000.00+ $ 6,77.-/ $ *5-,212.61+

$ *140,/4-.40+ $ 45,4/./4 $ */5,0/-.45+

$ *141,4/.22+ $ -2,262.-6 $ *10/,56.6+


$ *2,000.00+ $ *11,000.00+ $ *200,000.00+

$ *2,2-5.5+ $ *65,16/.1+ $ *147,405.66+

$ *2,462.-0+ $ *47,6-4./0+ $ *1-0,0/7.20+

$ *2,67/.4-+ $ *-,/2-.44+ $ *121,602.7+

$ *2,7.-0+ $ *--,740./7+ $ *116,62.27+

$ *-,06.02+ $ *-0,-22.57+ $ *11-,40.60+

$ *-,275.7-+ $ *27,/11.77+ $ *111,17.51+

$ *-,456.57+ $ *26,1-0.2+ $ *10/,56.6+


20/40


21/40

BAB 11

ADI

0


22/40


23/40


24/40


25/40


26/40


27/40

(er han he rue c"s+.

&"r each 3p!"n

- 4 5

$ $ */,000.00+

$ */6,000.00+


28/40

ash l"( &r"m !&&eren su per!" lenghs

2 - 4

$ *5,000,000.00+ $ *5,000,000.00+ $ *5,000,000.00+

$ *5,000,000.00+ $ *5,000,000.00+ $ *5,000,000.00+

$ *4,-00,000.00+ $ *5,500,000.00+ $ *5,500,000.00+

$ *-,000,000.00+ $ *4,000,000.00+ $ *5,500,000.00+

$ *-,000,000.00+ $ *-,000,000.00+ $ *4,000,000.00+

$ *-,500,000.00+ $ *-,500,000.00+ $ *-,500,000.00+


29/40


30/40


31/40


32/40


33/40


34/40


35/40


36/40


37/40

3p!"n P)

$ *217,000.00+

$ *226,7.20+

$ *1/7,126.22+

$ *15/,2/7.52+

$ *1-,727.27+

$ *14/,000.00+


38/40

P) A) % change !n A)5

$ *5,000,000.00+ $ *22,/6-,550.1/+ $ *5,751,-6/.-6+

$ *5,000,000.00+ $ *1/,77,-65.00+ $ *4,/5-,61/.1+ 1-./%

$ *5,500,000.00+ $ *17,/6,1-5.66+ $ *4,500,2-5.55+ /.2%

$ *5,500,000.00+ $ *16,-10,//4./+ $ *4,05,1/-./7+ /.2%

$ *5,500,000.00+ $ *14,414,617./6+ $ *-,610,2-4.11+ 11.6%

$ *4,000,000.00+ $ *14,-14,776.7-+ $ *-,55,22.2-+ 0.7%


39/40


40/40

ekotek - agung cahyadi - 11

Documents