Page 222 - Proceeding The 2nd International Seminar of Science and Technology : Accelerating Sustainable Innovation Towards Society 5.0

nd
The 2 International Seminar of Science and Technology
“Accelerating Sustainable innovation towards Society 5.0”
ISST 2022 FST UT 2022
Universitas Terbuka
than 0 (NPV > 0), which is Rp1,600,706,111 which means the
business is profitable or provides benefits.

3.2.2 Gross Benefit – Cost Ratio (Gross B/C)
Based on the calculation of the Gross B/C in Table. 2, the Fish Jelly
Processing Unit carried out TSM is declared feasible because the
Gross Benefit – Cost Ratio is greater than 1 (Gross B/C > 1), which is
1.198, which means that each TSM increases production costs spent
Rp1, then the benefits that will be received by TSM is Rp1,198.

3.2.3 Net Benefit – Cost Ratio (Net B/C)
Based on the calculation of the Net B/C in Table. 3, the Fish Jelly
Processing Unit conducted by TSM is declared feasible because the
Net Benefit – Cost Ratio is greater than 1 (Net B/C > 1), which is
11.702. This value is greater than the results of previous research on
the development of a milkfish jelly fish business of 2.5615 [20].

3.2.4 Internal Rate of Return (IRR)
Based on the calculation of the Internal Rate of Return (IRR) in Table.
4, the Fish Jelly Processing Unit carried out by TSM is declared
feasible because the IRR is greater than its Opportunity Cost of
Capital (DR=10%), which is 286.00%. This illustrates that the
investment made will generate a greater return than previously
planned.

ISST 2022 – FST Universitas Terbuka, Indonesia 199
International Seminar of Science and Technology “Accelerating Sustainable
Towards Society 5.0