Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An investment project provides cash inflows of $ 5 8 5 per year for eight years. a . What is the project payback period if

An investment project provides cash inflows of $585 per year for eight years.
a. What is the project payback period if the initial cost is $1,650?(Enter 0 if the projigct never pays back. Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
b. What is the project payback period if the initial cost is $3,250?(Enter 0 if the project never pays back. Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
c. What is the project payback period if the initial cost is $4,700?(Enter 0 if the project never pays back. Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
\table[[a. Payback period,2.82,years],[b. Payback period,5.56,years],[c. Payback period,8.04ox,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

2. Did you consider any other alternatives?

Answered: 1 week ago

Question

please dont use chat gpt 1 8 4 .

Answered: 1 week ago