Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need help please Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $264,000
I need help please
Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $264,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 3 years, and it requires a 10% return on its investments. (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the table provided.) Period Cash Flow $123,500 92,600 70,300 52,900 47.300 Required: Determine the payback period for this investment Enter cash outflows with a minus sign. Round your Payback period answer to 1 decimal place.) Cumulative Net Cash Inflow Year Cash inflow (outflow) $ (264,000) 0 WN - O Payback period =
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started