Question
Maxwell Software, Inc., has the following mutually exclusive projects. Year Project A Project B 0 $19,000 $22,000 1 11,500 12,500 2 8,000 9,000 3 2,800
| Maxwell Software, Inc., has the following mutually exclusive projects. |
| Year | Project A | Project B | ||
| 0 | $19,000 | $22,000 | ||
| 1 | 11,500 | 12,500 | ||
| 2 | 8,000 | 9,000 | ||
| 3 | 2,800 | 8,000 | ||
| a-1. | Calculate the payback period for each project. (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) |
| Payback period | |
| Project A | years |
| Project B | years |
|
|
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Analysis for Financial Management
Authors: Robert C. Higgins
12th edition
1259918963, 9781260140729 , 978-1259918964
