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Kylie Jenner Company is considering three possible investment opportunities and has to review the following information: Iny. A1 Inv. B1 iny. C1 invest $240,000 $54,000
Kylie Jenner Company is considering three possible investment opportunities and has to review the following information: Iny. A1 Inv. B1 iny. C1 invest $240,000 $54,000 $240,000 Residual value 18,000 38,000 Net cash Inflows Year 1 62,000 34,000 98000 Near 2 62,000 25,000 68,000 Year 3 52.000 21,000 78,000 lear 4 62,000 18,000 38,000 Year 5 62,000 Calculate the payback period for investment A17 (Assume that the company uses the straight line depreciation method.) (Round your answer to two decimal places) 2.87 years 1.59 years 5.00 years
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