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Problem 2: A Chemical Engineering Project has the following cashflows: Initial investment of $1.28 million. Annual savings of $60,000 in year 1, $215,000 in years
Problem 2: A Chemical Engineering Project has the following cashflows: Initial investment of $1.28 million. Annual savings of $60,000 in year 1, $215,000 in years 2 through 6, and $80,000 in years 7 through 10. Calculate the simple payback periodand determine if the project is acceptable.
| Problem 2: | ||||||||
| A Chemical Engineering Project has the following cashflows: | ||||||||
| Initial investment of $1.28 million. | ||||||||
| Annual savings of $60,000 in year 1, $215,000 in years 2 through 6, and $80,000 in years 7 through 10. | ||||||||
| Calculate the simple payback periodand determine if the project is acceptable. |
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Mathematical Statistics With Applications In R
Authors: Chris P. Tsokos, K.M. Ramachandran
2nd Edition
124171133, 978-0124171138
