Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

Payback A project has an initial cost of $52,425, expected net cash inflows of $13,000 per year for 7 years, and a cost of capital

Payback

A project has an initial cost of $52,425, expected net cash inflows of $13,000 per year for 7 years, and a cost of capital of 13%. What is the project's payback period? Round your answer to two decimal places.

years

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 Freedom

Authors: Timothy Turner

1st Edition

1801573573, 978-1801573573

More Books

Students also viewed these Finance questions

Question

★★★★★

Kinsella, Inc., has a gross payroll of $8,000 for the pay period. Social Security and Medicare for both the employees and Kinsella are 6.2% and 1.45%, respectively, of the entire payroll. Kinsella...

Answered: 1 week ago

Question

★★★★★

Given the following information, would it be better for Illinois resident Salem Marcos to itemize her sales tax or her state income tax on her federal tax return? Federal taxable income $47,900...

Answered: 1 week ago

Question

★★★★★

Miss Campbell wanted to ensure that her drivers education students were safe under all circumstances. To ensure this, she had her students drive in the rain and snow. She also made sure they had...

Answered: 1 week ago

Question

★★★★★

The financial condition of White Co. Inc. is expressed in the following accounting equation: Required a. Are dividends paid to creditors or investors? Explain why. b. How much cash is in the Retained...

Answered: 1 week ago

Question

★★★★★

Aegis Industries Inc., is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): Net Sales Revenue Cost of Goods Sold Average...

Answered: 1 week ago

Question

★★★★★

Question 5 [15 marks). Thomas Brown plans to retire at age 67 with a pension of 30,000 per year, paid annually in advance during his remaining lifetime. Assume an effective annual interest rate of 4%...

Answered: 1 week ago

Question

★★★★★

Curious George sold Store 1 on June 30 for $340,000. The carrying value (balance sheet value) of this component at the date of sale was $400,000. The income from the retail store component through...

Answered: 1 week ago

Question

★★★★★

QUESTION 2 Paul takes out a PLUS loan for $5400. After a year, Paul decides to pay off the interest, which is 7.9% of $5400. How much will he pay?

Answered: 1 week ago

Question

★★★★★

Lanco Corporation, an accrual-method corporation, reported taxable income of $1,460,000 this year. Included in the computation of taxable income were the following items: - MACRS depreciation of...

Answered: 1 week ago

Question

★★★★★

Compute the interest rate if future value (FV) = $7,198, present value (FV) = $2,694, and number of years (t) = 9. (Do not round intermediate calculations and round your answers to 2 decimal places,...

Answered: 1 week ago

Question

★★★★★

The U.S. dollar has been steadily strengthening with respect to the Hong Kong dollar. A U.S. parent has a Hong Kong subsidiary. The subsidiary has positive net assets and its monetary assets are less...

Answered: 1 week ago

Question

★★★★★

Compare the different types of employee separation actions.

Answered: 1 week ago

Question

★★★★★

Assess alternative dispute resolution methods.

Answered: 1 week ago

Question

★★★★★

Distinguish between intrinsic and extrinsic rewards.

Answered: 1 week ago

Previous Question Next Question