ABSTRACT

The aim of this research is to analys investment risk level that faced Maju Tambak Makmur
and Arnawa Stambhaputra Company in Maronge, Sumbawa region in 2013-2017 periods. This
research using cases study method with analys unit Maju Tambak Makmur and Arnawa
Stambhaputra Company in Maronge, Sumbawa. Analysis procedure in this cases using
quantitative method with statistic formula to count; proceeds, Net Present Value (NPV), Internal
Rate of Return (IRR), deviation standard and determined risk factors causing.
Result of this research shows Net Present Value counting result of both company that
analys and the result is positive which Net Present Value (NPV) value bigger than real Net Present
Value (NPV) value. Then from Internal Rate of Return (IRR) counting, both target and real from
both company shows Internal Rate of Return (IRR) bigger than discount factor. Terminal cash
flow (PVNCF) and Present Value Terminal Cash Flow (PVTCF) could covering initial investment
with any kind of idea this investment project accepted. Deviation standard shows the number of
risk that faced with both company in 2013-2017 periods. Maju Tambak makmur is 76.660.947 and
Arnawa Stambhaputra is 3.522.403. So the conclusion is the risk that faced Maju Tambak Makmur
bigger than Arnawa Stambhaputra Company. That risk happened because of income difference,
cost and profits which each company designed with income difference, cost and profits realized.

Key word: proceeds, Net Present Value (NPV), Internal Rate of Return (IRR), deviation standard.