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QUESTION 1 Back to the Future Inc. is considering purchasing new flux capacitors to replace worn out capacitors that have a book value of

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QUESTION 1 Back to the Future Inc. is considering purchasing new flux capacitors to replace worn out capacitors that have a book value of zero and a market value of $15,000. New flux capacitors cost $90,000 and are expected to provide production savings and increased profits of $30,000 annually for the next 10 years. Classify this project with respect to risk (enter "Replacement", "Expansion", or "New Venture", excluding the quotation marks): Classify this project with respect to conditionality (enter "Stand-Alone", "Mutually-Exclusive", or "Contingent", excluding the quotation marks): What is the payback period, in years (Enter a number only, without "years")?

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