Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Problem 19-05 Three investments cost $5,000 each and have the following cash flows. Rank them on the basis of their payback periods. Round your answers
Problem 19-05
Three investments cost $5,000 each and have the following cash flows. Rank them on the basis of their payback periods. Round your answers to one decimal place.
Year | A | B | C | |||
1 | $ | 1,900 | $ | 2,900 | $ | 0 |
2 | 1,900 | 2,200 | 900 | |||
3 | 1,900 | 1,200 | 1,300 | |||
4 | 1,900 | 900 | 4,200 | |||
5 | 1,900 | 600 | 7,200 |
Payback for A: ____ years
Payback for B: ____ years
Payback for C: ____ 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