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

Question

1 Approved Answer

Consider the following investment project with a required return of 10 percent: Year Cash Flows 0 -47925 1 14217 2 14263 3 13804 4 14115

Consider the following investment project with a required return of 10 percent:

Year Cash Flows
0 -47925
1 14217
2 14263
3 13804
4 14115

What is the payback period for this project? (Round your answers to 2 decimal places. (e.g., 32.16))

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Essential Finance Guide

Essential Finance Guide

Authors: DK Publishing

1st Edition

078948157X, 978-0789481573

More Books

Students also viewed these Finance questions

Question

★★★★★
Sandy is asked to produce 250 squidgets an hour. It takes 30 minutes to receive the necessary material from the previous workstation. Each output container holds 25 squidgets. The factory currently...

Answered: 1 week ago

Question

★★★★★
=+Show that, if all p(i) are positive, the states are all equally likely in the limit.

Answered: 1 week ago

Question

★★★★★
An economist wants to determine the relation between ones FICO score, x, and the interest rate of a 36-month auto loan, y. The given data represent the interest rate (in percent) a bank would offer...

Answered: 1 week ago

Question

★★★★★
Computing the amount of equity income and preparing [ I ] consolidation journal entries - Equity method Assume that a wholly owned subsidiary sells inventory to the parent company. The parent...

Answered: 1 week ago

Question

★★★★★
..J.._...__. A hawk spots a mouse in a field. Once it begins its dive, it cannot change course. Suppose that the hawk dives from a height of 20 m and that the mouse has a reaction time of 0.3 5. At...

Answered: 1 week ago

Question

★★★★★
Income Statement for the ear Ended 3 0 Net Saies ( All on Credit ) . 7 4 1 8 COGS. 5 2 7 1 Depreciation. 7 4 5 EBIT 1 4 0 2 Interest. 3 0 5 . Taxes 3 8 4 Net Incorne. 7 1 3 Dividends paid 2 5 0...

Answered: 1 week ago

Question

★★★★★
When prioritizing risk, what are the two primary criteria that need to be determined for analyzing the level of risk for a particular event? Using these two criteria, how would you describe the risk...

Answered: 1 week ago

Question

★★★★★
Tanya ( born 1 0 - 3 1 - 9 0 ) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya can claim adjustments of $ 8 0 0 for her...

Answered: 1 week ago

Question

★★★★★
Bugs NoMore Company manufactures a product effective in controlling beetles. The company uses a standard cost system and a flexible budget. Standard cost of a gallon is as follows: Direct material: 2...

Answered: 1 week ago

Question

★★★★★
Your director at the department of Home Affairs has appointed you as the lead project manager for a project to rollout the new card type identification to all South African citizens, replacing the...

Answered: 1 week ago

Question

★★★★★
How can multimedia from the Internet be incorporated in a slide presentation? Give an example. (Objective 7)

Answered: 1 week ago

Question

★★★★★
Teamwork. Work with three or four of your classmates to develop a job description for the role of business communication student. Then, prepare a performance appraisal that discusses whether you meet...

Answered: 1 week ago

Question

★★★★★
You have a large amount of numeric data to include in your report. What type of visual aid would be most appropriate? Why? (Objective 3)

Answered: 1 week ago

Previous Question Next Question