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

Question

1 Approved Answer

discounted payback period ? Peaceful Cruises wants to build a new cruise ship that has an initial investment of $300 million. It is estimated to

discounted payback period ?
image text in transcribed
Peaceful Cruises wants to build a new cruise ship that has an initial investment of $300 million. It is estimated to provide an annual cash flow over the next 20 years of $34 million per year. The discount rate is 9% What is the discounted payback period? Enter your answer rounded to two decimal places Number

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

Cash Confident An Entrepreneurs Guide To Creating A Profitable Business

Cash Confident An Entrepreneurs Guide To Creating A Profitable Business

Authors: Melissa Houston

1st Edition

1637586361, 978-1637586365

More Books

Students also viewed these Finance questions

Question

★★★★★
In 2001, Clara made taxable gifts of $2 million. This year, Clara dies with a taxable estate of $4 million. At the time of her death, the FMV of the property Clara gifted in 2001 is $8 million. What...

Answered: 1 week ago

Question

★★★★★
Two astronomers in different parts of the world make measurements M 1 and M 2 of the number of stars N in some small region of the sky, using their telescopes. Normally, there is a small possibility...

Answered: 1 week ago

Question

★★★★★
=+4. What three types of reasoning can you use in logical appeals? [LO-2]

Answered: 1 week ago

Question

★★★★★
Sandblasting equipment acquired at a cost of $36,000 has an estimated residual value of $6,000 and an estimated useful life of 10 years. It was placed into service on April 1 of the current fiscal...

Answered: 1 week ago

Question

★★★★★
Discuss the disadvantages of normalizing a database to a high degree of normalization. Should there be a definite rule on when to stop normalizing? Provide some examples from sources other than the...

Answered: 1 week ago

Question

★★★★★
Assume that XYZ tires has the following totals on its balance sheet: Assets: $100,000 Liabilities: $40,000 XYZ Tires now borrows $50,000 from the bank. 1. How will the totals for assets and...

Answered: 1 week ago

Question

★★★★★
How do books become world of wonder?

Answered: 1 week ago

Question

★★★★★
What was the Vedic civilization of India and how was the system of education in the Vedic civilization? Mention the most powerful kings in the Vedic civilization.

Answered: 1 week ago

Question

★★★★★
What is mathematics, in what fields does mathematics contribute and take a look at its history.

Answered: 1 week ago

Question

★★★★★
If ( A^2 - A + I = 0 ), then inverse of matrix ( A ) is?

Answered: 1 week ago

Question

★★★★★
If ( A ) and ( B ) are two square matrices such that ( A cdot B = A ) and ( B cdot A = B ), then ..

Answered: 1 week ago

Previous Question Next Question