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Please answer all parts, thank you Storage facility: Even cash flows of $120,000 per year Car wash: $112,500,$142,500,$60,000,$120,000, and $90,000 Required: 1. Calculate the payback
Please answer all parts, thank you
Storage facility: Even cash flows of $120,000 per year Car wash: $112,500,$142,500,$60,000,$120,000, and $90,000 Required: 1. Calculate the payback period for the storage facility (even cash flows). years 2. Calculate the payback period for the car wash facility (uneven cash flows). Round your answer to three decimal places. years Which project should be accepted based on payback analysis? 3. What if a third mutually exclusive project, a laundry facility, became available with the same investment and annual cash flows of $150,000 ? Now which project would be chosenStep by Step Solution
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