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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 6 The result of IRR and NPV on the full discounting method analysis (in Millions Rp).

From: Return to education and financial value of investment in higher education in Indonesia

ItemsPublic collegesPrivate colleges
LowHighLowHigh
Pooled
 Direct cost− 66.0− 226.4− 134.3− 405.2
 Opportunity cost− 58.2− 58.2− 58.2− 58.2
 Benefit (Wc−Ws)606.8606.8606.8606.8
 IRR46.2%18.0%29.5%5.9%
 NPV482.6322.3414.3143.4
BEP after14 years25 years19 years33 years
Male
 Direct cost− 66.0− 226.4− 134.3− 405.2
 Opportunity cost− 57.9− 57.9− 57.9− 57.9
 Benefit (Wc−Ws)786.8786.8786.8786.8
 IRR54.9%24.7%37.1%11.8%
 NPV662.9502.6594.6323.7
 BEP after10 years20 years15 years30 years
Female
 Direct cost− 66.0− 226.4− 134.3− 405.2
 Opportunity cost− 57.7− 57.7− 57.7− 57.7
 Benefit (Wc−Ws)704.2704.2704.2704.2
 IRR51.2%21.8%33.8%9.3%
 NPV580.5420.2512.2241.3
 BEP after16 years24 years20 years32 years
Urban
 Direct cost− 66.0− 226.4− 134.3− 405.2
 Opportunity cost− 57.9− 57.9− 57.9− 57.9
 Benefit (Wc−Ws)738.0738.0738.0738.0
 IRR52.8%23.0%35.2%10.3%
 NPV614.1453.8545.8274.9
 BEP after13 years22 years16 years31 years
Rural
 Direct cost− 66.0− 226.4− 134.3− 405.2
 Opportunity cost− 56.8− 56.8− 56.8− 56.8
 Benefit (Wc−Ws)623.1623.1623.1623.1
 IRR47.3%18.7%30.4%6.5%
 NPV500.2339.9431.9161.0
 BEP after24 years30 years28 years34 years