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(Ignore income taxes in this problem.) Shields Company has gathered the following data on a proposed investment project: Investment required in equipment $700,000 Annual cash
| (Ignore income taxes in this problem.) Shields Company has gathered the following data on a proposed investment project: |
| Investment required in equipment | $700,000 |
| Annual cash inflows | $76,000 |
| Salvage value | $0 |
| Life of the investment | 20 years |
| Discount rate | 8% |
| The payback period for the investment is closest to: (Round your answer to 1 decimal place.) |
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Auditing A Quality System For The Defense Industry
Authors: Charles B. Robinson
1st Edition
0873890787, 978-0873890786
