Question
1. Christopher electronics bought new machinery for $5,045,000 million. This is expected to result in additional cash flows of $1,225,000 million over the next 7
1. Christopher electronics bought new machinery for $5,045,000 million. This is expected to result in additional cash flows of $1,225,000 million over the next 7 years. What is the payback period for this project? Their acceptance period is five years.
2.AMP, Inc., has invested $2,165,800 on equipment. The firm uses payback period criteria of not accepting any project that takes more than four years to recover costs. The company anticipates cash flows of $448,386, $512,178, $564,755, $764,997, $816,500, and $825,375 over the next six years. What is the payback period?
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