Financial Feasibility Study of Udon Thani Rajabhat University Small Animal Hospital

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Savinee Suriyanrattakorn
Patchadaporn Sangtamat
Somkid Naprom


The objective of this study is to study the financial feasibility of Udon Thani Rajabhat University Small Animal Hospital renovation project. Also, the analysis aims to evaluate the project's sensitivity by using investment decision criteria based on three scenarios: the base case scenario, which predicts the situation when the investment is made; the income drop scenario, which assumes a 14% reduction in revenue while costs remain constant; and the cost rise scenario, which assumes a 5% increase in costs while revenue remains constant. The results show that the net present value (NPV) of all three scenarios is greater than zero, the internal rate of return (IRR) is greater than the discount rate of 7%, and the benefit-cost ratio (B/C ratio) is greater than 1. This means that the project to improve the small animal hospital at Rajabhat University, Udon Thani, is expected to be financially viable under the assumptions and scenarios used in the analysis. However, other considerations such as social and environmental costs and benefits should also be taken into account in making investment decisions from all aspects for future research.

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