FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

A project has an initial cost of $ 6 5 , 0 0 0 , expected net cash inflows of $ 1 2 , 0

A project has an initial cost of $65,000, expected net cash inflows of $12,000 per year for 9 years, and a cost of capital of 13%. What is the project's payback period? Round your answer to two decimal places.
years
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

1. Discuss the psychology of illegal drug use by athletes. Why do they use illegal drugs when they know it is cheating and they know there are health risks?

Answered: 1 week ago

Question

★★★★★
Rob Davis, Stewart Vintu, and Vern Wilson are liquidating their partnership. Before selling the assets and paying the liabilities, the capital balances are Davis $40,000; Vintu, $24,000; and Wilson,...

Answered: 1 week ago

Question

★★★★★
A physical inventory of Liverpool Company taken at December 31 reveals the following. Per Unit Item Units Cost Market Car audio equipment Speakers 353 $ 108 $ 116 Stereos 268 129 119 Amplifiers 334...

Answered: 1 week ago

Question

★★★★★
The drilling operation in the following process occurs separately from, and simultaneously with, sawing and sanding. A product needs to go through only one of the three assembly operations. a) What is

Answered: 1 week ago

Question

★★★★★
1. [-/10 Points] DETAILS Find the average value gave t of the function g on the given interval. g(t) = [3, 7] 7 + gave =

Answered: 1 week ago

Question

★★★★★
The in-control model for a certain quality characteristic (x bar.jpg ) is given by CL = 10, UCL = 10.15 and LCL = 9.85 with 3-sigma control limits and n = 16. Calculate the Upper Warning Limit (UWL),...

Answered: 1 week ago

Question

★★★★★
An Australian company has an existing 90-day 8.0% promissory note facility with a face value of AUD 1,400,000, which rolls over in 90 days. When it does roll-over (90 days later), the interest rate...

Answered: 1 week ago

Question

★★★★★
What happens to the price elasticity of the demand for coal when the quantity of coal demanded is measured in kilograms instead of tons? The price elasticity will be neither more nor less elastic....

Answered: 1 week ago

Question

★★★★★
1. Review Critical Legal Thinking Case 17 on page 310 of the textbook entitled United States v. Michaels Jewelers, Inc. Using IRAC, identity the issue(s) in this case. Explain the applicable rule....

Answered: 1 week ago

Previous Question Next Question