Question
Porter Company is analyzing two potential investments. Project X Project Y Initial investment $ 68,000 $ 60,000 Net cash flow: Year 1 24,000 4,000 Year
Porter Company is analyzing two potential investments. Project X Project Y Initial investment $ 68,000 $ 60,000 Net cash flow: Year 1 24,000 4,000 Year 2 24,000 26,000 Year 3 24,000 26,000 Year 4 0 20,000 The payback period in years (rounded to 2 decimal places) for Project X is:
Porter Company is analyzing two potential investments.
| Project X | Project Y | |
|---|---|---|
| Initial investment | $ 68,000 | $ 60,000 |
| Net cash flow: | ||
| Year 1 | 24,000 | 4,000 |
| Year 2 | 24,000 | 26,000 |
| Year 3 | 24,000 | 26,000 |
| Year 4 | 0 | 20,000 |
The payback period in years (rounded to 2 decimal places) for Project X is:
Multiple Choice
2.00.
3.83.
3.50.
2.83.
4.00.
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Auditing Excellence Principles And Practices In Accounting Ensuring Accuracy Transparency And Compliance In Financial Reporting
Authors: Ryan Flores
1st Edition
B0C6448LC8, 979-8395841360
