Question
Crane Crafts Corp. management is evaluating two independent capital projects that will each cost the company $230,000. The two projects will provide the following cash
Crane Crafts Corp. management is evaluating two independent capital projects that will each cost the company $230,000. The two projects will provide the following cash flows:
| Year | Project A | Project B | ||
|---|---|---|---|---|
| 1 | $84,750 | $40,450 | ||
| 2 | 93,450 | 66,125 | ||
| 3 | 38,235 | 139,250 | ||
| 4 | 147,655 | 98,110 |
(a1)
What is the payback period of both projects? (Round answers to 2 decimal places, e.g. 15.25.)
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Shipping Finance A Practical Handbook
Authors: Stephenson Harwood
4th Edition
1787421406, 978-1787421400
