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I need help with my assignment please Heels, a shoe manufacturer, is evaluating the costs and benefits of new equipment that would custom fit each
I need help with my assignment please
Heels, a shoe manufacturer, is evaluating the costs and benefits of new equipment that would custom fit each pair of athletic shoes. The customer would have his or her foot scanned by digital computer equipment; this information would be used to cut the raw materia new equipment costs $114,000 and is expected to generate an additional $45,000 in cash flows for 5 years. A bank will make a $114,000 loan to the company at a 10% interest rate for this equipment's purchase Compute the recovery time for both the payback period and break-even time. (PV of $1. FV of $1. PVA of $1, and FVA of $1). (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Payback Period Choose Denominator: = Choose Numerator: Payback Period Payback period Chart Values are Based on: Cash Inflow (Outflow) x Year Present Value PV Factor = Cumulative Present Value of Inflow (Outflow) 0 $ (114,000) X 1.0000 = $ (114,000) $ (114,000) own - O
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