Question
Compute the Payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown below if
Compute the Payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown below if the appropriate cost of capital is 11 percent and the maximum allowable payback is 4 years.
| Time: | 0 | 1 | 2 | 3 | 4 | 5 |
| Cash flow: | -2,900 | 800 | 750 | 950 | 900 | 475 |
Multiple Choice
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3.44 years, Accept
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2.44 years, Reject
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2.44 years, Accept
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3.44 years, Reject
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Cryptocurrency And Bitcoin 101 Beginner S Guide To Becoming A Professional Trader And Investor In Digital Currency Without The Fear Of Liquidation Or Crash
Authors: Robert J Lewis
1st Edition
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