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Investment Proposal Initial Cost and Book Value Annual Annual Cash Flows Year Net Income $104,100 69,500 $10,600 $45,200 41,700 39,400 11,600 35,300 20,800 14,400 4
Investment Proposal Initial Cost and Book Value Annual Annual Cash Flows Year Net Income $104,100 69,500 $10,600 $45,200 41,700 39,400 11,600 35,300 20,800 14,400 4 6,400 29,000 14,600 24,500 18,100 Drake Corporation uses an 11% target rate of return for new investment proposals. Click here to view PV table. What is the cash payback period for this proposal? (Round answer to 2 decimal places, .g. 10.50.) Cash payback period 2.55 years what is the annual rate of return for the investment? (Round answer to 2 decimal places, e.g. 10.50.) Annual rate of return for the investment
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