Question
Payback Period Folsom Advertising, Inc. is considering an investment in a new information system. The new system requires an investment of $1,800,000 and either has
Payback Period
Folsom Advertising, Inc. is considering an investment in a new information system. The new system requires an investment of $1,800,000 and either has
Even cash flows of $750,000 per year or
The following expected annual cash flows: $450,000, $225,000, $600,000, $600,000, and $150,000.
Required:
Calculate the payback period for each case.
| a. | years |
| b. | years |
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
2nd Canadian Edition
0176707123, 978-0176707125
