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1 2 3 Capital Buclgeting (10 points) presented below. There is no sal Mercantile Corp uses a 12% target rate of return for new investment
1 2 3 Capital Buclgeting (10 points) presented below. There is no sal Mercantile Corp uses a 12% target rate of return for new investment proposals. Answer the questions in the text box below and show y Vote: the Present Value Tables are provided below this question (scroll down). 1) What is the cash payback period for this proposal? (2 pts) 2) What is the average annual net income for this imvestment? (1 pt ) 3) What is the annual rate of return for this imvestment? (2 pis)
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