시나리오별 수변 · 산악 개발 사업수익성 탐색

In this study, the project of water reservoir watershed (Scenario 1), the development of waterside space around dam (scenario 2), the mountain tourism development project based on traditional Hanok, and the scenarios 1 and 2 are simultaneously implemented using hydrophilic scenery (Scenario 3). The analysis of Scenario 1 shows that the payback period (PP) is about 1.5 years and the internal rate of return (IRR) is 105%, which is very good. The net present value (NPV) is about 120 billion won, which is considerable when considering the investment amount is approximately 150 billion KRW. Scenario 2 analysis shows that the payback period (PP) is about 1.5 years and the internal rate of return (IRR) is 56.25%, which means that the capital cost (risk free rate) is 5-10%. The net present value (NPV) is approximately KRW 78.1 billion, which is considerable when considering the investment funds of KRW 200 billion. Scenario 3 analysis shows that the payback period (PP) is about 1.5 years and the internal rate of return (IRR) is 67.40%, which is very good when considering 5 ~ 10% of capital cost (risk free rate). The net present value (NPV) is about KRW 268.9 billion, showing good profitability, considering the investment funds of KRW 500 billion. In conclusion, if the scenarios are separately performed or the scenario of the integration concept is carried out, the overall financial feasibility of the project seems to be very good.