Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 24, 2024

Peaceful Cruises wants to build a new cruise ship that has an initial investment of $500 million. It is estimated to provide an annual cash

Peaceful Cruises wants to build a new cruise ship that has an initial investment of $500 million. It is estimated to provide an annual cash flow over the next 10 years of $88 million per year. The discount rate is 11%.

What is the discounted payback period? Enter your answer rounded to two decimal places

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

Risk Management And Financial Institutions

Authors: John C. Hull

3rd Edition

1118269039, 9781118269039

More Books

Students also viewed these Finance questions

Question

★★★★★

How is the saver's credit computed?

Answered: 1 week ago

Question

★★★★★

Which of the following is not a cash equivalent? a. Short-term U.S. Treasury bill b. Short-term certificate of deposit c. Money-market account d. IBM common stock

Answered: 1 week ago

Question

★★★★★

2. Be tactful, but dont avoid talking about tough issues.

Answered: 1 week ago

Question

★★★★★

An air-to-water compact heat exchanger is to be designed to serve as an intercooler for a 5,000 hp gas turbine plant. The exchanger is to meet the following heat transfer and pressure drop...

Answered: 1 week ago

Question

★★★★★

Prepare a statement of cash flows for the year ended December 31,2020 using the inderect method. Additional information: 1. Net income for the year ending December 31,2020 was $35,000. 2. Cash...

Answered: 1 week ago

Question

★★★★★

Discuss the difference between capital and reserve requirements. Explain what risks they are intended to control, and how they reduce these risks. Does either control Moral Hazard? Can either reduce...

Answered: 1 week ago

Question

★★★★★

A closed, rigid tank having a volume of 3 m ^ 3 initially contains air at 1 0 0 \\ you C , 4 . 4 bar, ^ and 4 0 % relative humidity. Determine the heat transfer, in kJ , if the tank contents are...

Answered: 1 week ago

Question

★★★★★

a) Analyse the reaction forces at support A and D. b) Compute the bending moment at B. CoursHeroTranscribedText A 275N B C y = 3 = f(x) = 5x - 3 100 7m 3m 10m D

Answered: 1 week ago

Question

★★★★★

Quantities on contamination. Regularly it is pushed that contamination decreases ought to be accomplished via tradeable outflows licenses, which if unreservedly exchanged may guarantee that decreases...

Answered: 1 week ago

Question

★★★★★

Tanjung Bidara Enterprise produces and supplies high-quality soap for the local market. The company employs 20 workers who are paid RM7 per hour. The workers work 20 days a month and the working...

Answered: 1 week ago

Question

★★★★★

Tom Pastorius and his wife Mary Beth started Penn Brewery, an authentic German microbrewery in Pittsburgh, Pennsylvania, in 1986. They built the brewery into a successful business, pro- ducing more...

Answered: 1 week ago

Question

★★★★★

In interviewing a prospective employee, why should you consider it important to inquire about the presence of information gaps or time periods that are not accounted for in an applicants work record?

Answered: 1 week ago

Question

★★★★★

Can you make use of personal information in rendering an employment decision if the information was voluntarily provided to you? Why or why not?

Answered: 1 week ago

Question

★★★★★

Why should an interviewing manager review all available information about an applicant before beginning an interview? Managers are busy people. Is arriving for an interview with an application in...

Answered: 1 week ago

Previous Question Next Question