Question
Google LLC is considering two investment projects: Project X and Project Y. The following data is available: Project Initial Investment ($) Annual Cash Flows ($)
Google LLC is considering two investment projects: Project X and Project Y. The following data is available:
Project | Initial Investment ($) | Annual Cash Flows ($) | Project Lifespan (Years) |
X | $3,000,000 | $600,000 | 5 |
Y | $2,500,000 | $550,000 | 6 |
Calculate the payback period for each project.
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
5th edition
978-1259317552, 1259317552, 978-0078025600, 78025605, 978-1259335013, 1259335011, 978-1259347641
