Current Capital Structure (Debt 0)

Sales
Fixed Op Costs
Variable Op Costs
EBIT
Interest Expense
EBT
Tax (40%)
EAC
EPS
Average EPS
Std Dev EPS
CV
P0

0.2
Rp300,000
-Rp110,000
-Rp120,000
Rp70,000
Rp0
Rp70,000
-Rp28,000
Rp42,000
Rp1.40
Rp2.60
Rp0.76
0.29
20.00

Probability
0.6
Rp400,000
-Rp110,000
-Rp160,000
Rp130,000
Rp0
Rp130,000
-Rp52,000
Rp78,000

0.2
Rp500,000
-Rp110,000
-Rp200,000
Rp190,000
Rp0
Rp190,000
-Rp76,000
Rp114,000

Rp2.60

Rp3.80

Debt Ratio

Total Asset

Debt

Common Stock

Rp450,000

Rp0

Rp450,000

0.2
0.4
0.6

Rp450,000
Rp450,000
Rp450,000

Rp90,000
Rp180,000
Rp270,000

Rp360,000
Rp270,000
Rp180,000

Capital Structure 1 (Debt 0.2)

Sales
Fixed Op Costs
Variable Op Costs
EBIT
Interest Expense
EBT
Tax (40%)
EAC
EPS
Average EPS
Std Dev EPS
CV
P0

0.2
Rp300,000
-Rp110,000
-Rp120,000
Rp70,000
-Rp10,800
Rp59,200
-Rp23,680
Rp35,520
Rp1.48
Rp2.98
Rp0.95
0.32
Rp22.07

Probability
0.6
Rp400,000
-Rp110,000
-Rp160,000
Rp130,000
-Rp10,800
Rp119,200
-Rp47,680
Rp71,520
Rp2.98

0.2
Rp500,000
-Rp110,000
-Rp200,000
Rp190,000
-Rp10,800
Rp179,200
-Rp71,680
Rp107,520
Rp4.48

CS Outstanding
Rp30,000
Rp24,000
Rp18,000
Rp12,000

Capital Structure 2 (Debt 0.4)

Sales
Fixed Op Costs
Variable Op Costs
EBIT
Interest Expense
EBT
Tax (40%)
EAC
EPS
Average EPS
Std Dev EPS
CV
P0

0.2
Rp300,000
-Rp110,000
-Rp120,000
Rp70,000
-Rp25,200
Rp44,800
-Rp17,920
Rp26,880
Rp1.49
Rp3.49
Rp1.26
0.36
Rp24.95

Probability
0.6
Rp400,000
-Rp110,000
-Rp160,000
Rp130,000
-Rp25,200
Rp104,800
-Rp41,920
Rp62,880
Rp3.49

bt 0.4)

Capital Structure 3 (Debt 0.6)

bability

Probability
0.2
Rp500,000
-Rp110,000
-Rp200,000
Rp190,000
-Rp25,200
Rp164,800
-Rp65,920
Rp98,880
Rp5.49

Sales
Fixed Op Costs
Variable Op Costs
EBIT
Interest Expense
EBT
Tax (40%)
EAC
EPS
Average EPS
Std Dev EPS
CV
P0

0.2
Rp300,000
-Rp110,000
-Rp120,000
Rp70,000
-Rp43,200
Rp26,800
-Rp10,720
Rp16,080
Rp1.34
Rp4.34
Rp1.90
0.44
Rp24.11

ructure 3 (Debt 0.6)

Probability
0.6
Rp400,000
-Rp110,000
-Rp160,000
Rp130,000
-Rp43,200
Rp86,800
-Rp34,720
Rp52,080
Rp4.34

0.2
Rp500,000
-Rp110,000
-Rp200,000
Rp190,000
-Rp43,200
Rp146,800
-Rp58,720
Rp88,080
Rp7.34