Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 29, 2024

Lester feed mill is spending 230,000 to update its factory. The company estimates that this investment will improve its cash inflows by 46,500 a year

Lester feed mill is spending 230,000 to update its factory. The company estimates that this investment will improve its cash inflows by 46,500 a year for ten years. What is the payback period?

A. 4.03 years

B. 4.95 years

C. 5.39 years

D. 5.67 years

E. project never pays back

show work please

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

Recommended Textbook for

Financial Management For Nurse Managers Merging The Heart With The Dollar

Authors: Janne Dunham-Taylor, Joseph Z. Pinczuk

1st Edition

1284031039, 9781284031034

More Books

Students also viewed these Finance questions

Question

★★★★★

Assume a task is divided into four equal-sized segments and that the system builds an eight-entry page descriptor table for each segment. Thus, the system has a combination of segmentation and...

Answered: 1 week ago

Question

★★★★★

What is the significance of a debt coverage ratio? AppendixLO1

Answered: 1 week ago

Question

★★★★★

Summarize key skills and behaviors for a psychologist conducting a clinical interview.

Answered: 1 week ago

Question

★★★★★

On January 15, the end of the first biweekly pay period of the year, North Companys payroll register showed that its employees earned $ 35,000 of sales salaries. Withholdings from the employees...

Answered: 1 week ago

Question

★★★★★

Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in...

Answered: 1 week ago

Question

★★★★★

A - Answer ALL questions in this section. [40 MARKS] Question 1 (20 Marks) 1.1. Provide a critical reflection on the Global Strategy initiative pursued by Coke's Atlanta Office. Give justifica

Answered: 1 week ago

Question

★★★★★

Complete the solution to the following differential equation. y" + 4y + 3y = 16et y(0) = 0, y(0) = 1 Applying the Laplace transform in both sides we get s2Y(s) - sy(0) -y (0) + 4[sY(s) = y(0)] +...

Answered: 1 week ago

Question

★★★★★

CheersInc., a small health insurance company, manages its own call center to provide customer service. A call is first taken by a general representative who will try to resolve the client's inquiry....

Answered: 1 week ago

Question

★★★★★

Many practices have tried to reduce no-shows through automated text and phone call reminders. But that only solves the issue of forgetfulness. Much more effective are options for online scheduling...

Answered: 1 week ago

Question

★★★★★

An action plan for a personal leadership portfolio. Please don't forget support in-text as well as in references. Developing the degree of self-awareness and direction setting as this assignment...

Answered: 1 week ago

Question

★★★★★

When considering QI, some people believe that major opportunities for improvement can be realized by increasing clinician's skills and competence. However, others believe that more opportunities for...

Answered: 1 week ago

Question

★★★★★

2 To what extent does their relevance vary internationally?

Answered: 1 week ago

Question

★★★★★

8 What can HRM do to manage diversity?

Answered: 1 week ago

Question

★★★★★

7 How should HRM practitioners approach conflict in the workplace?

Answered: 1 week ago

Previous Question Next Question