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
Items | Public colleges | Private colleges | ||
|---|---|---|---|---|
Low | High | Low | High | |
Pooled | ||||
Direct cost | − 66.0 | − 226.4 | − 134.3 | − 405.2 |
Opportunity cost | − 58.2 | − 58.2 | − 58.2 | − 58.2 |
Benefit (Wc−Ws) | 606.8 | 606.8 | 606.8 | 606.8 |
IRR | 46.2% | 18.0% | 29.5% | 5.9% |
NPV | 482.6 | 322.3 | 414.3 | 143.4 |
BEP after | 14 years | 25 years | 19 years | 33 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) | 786.8 | 786.8 | 786.8 | 786.8 |
IRR | 54.9% | 24.7% | 37.1% | 11.8% |
NPV | 662.9 | 502.6 | 594.6 | 323.7 |
BEP after | 10 years | 20 years | 15 years | 30 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) | 704.2 | 704.2 | 704.2 | 704.2 |
IRR | 51.2% | 21.8% | 33.8% | 9.3% |
NPV | 580.5 | 420.2 | 512.2 | 241.3 |
BEP after | 16 years | 24 years | 20 years | 32 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) | 738.0 | 738.0 | 738.0 | 738.0 |
IRR | 52.8% | 23.0% | 35.2% | 10.3% |
NPV | 614.1 | 453.8 | 545.8 | 274.9 |
BEP after | 13 years | 22 years | 16 years | 31 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) | 623.1 | 623.1 | 623.1 | 623.1 |
IRR | 47.3% | 18.7% | 30.4% | 6.5% |
NPV | 500.2 | 339.9 | 431.9 | 161.0 |
BEP after | 24 years | 30 years | 28 years | 34 years |