FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 30 3 pts If a project costs $20,305, and has the cash flows outlined in the table below, what is this project's payback period

image text in transcribed
Question 30 3 pts If a project costs $20,305, and has the cash flows outlined in the table below, what is this project's payback period in years (use two decimal places in your response)? Year 1 Year 2 Year 3 Year 4 7,830 8,281 8,008 7,028 8,348 Year 5

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information Technology Auditing

Information Technology Auditing

Authors: James A. Hall

4th edition

1133949886, 978-1305445154, 1305445155, 978-1133949886

More Books

Students also viewed these Accounting questions

Question

Go to the website of the Bureau of Labor Statistics (http://www.bls.gov) and find data on the CPI. By how much has the index including all items risen over the past year? For which categories of...

Answered: 1 week ago

Question

★★★★★
Assume that Olive Corporation, in Comprehensive Problem 1, is an S corporation owned 50 percent by Linda Holiday and 50 percent by Ralph Winston. The corporation is not subject to any special taxes....

Answered: 1 week ago

Question

★★★★★
The management of Ballard MicroBrew is considering the purchase of an automated bottling machine for $57.000. The machine would replace an old piece of equipment that costs $15,000 per year to...

Answered: 1 week ago

Question

★★★★★
On January 1, 2021, Marigold Ltd. purchased equipment for $744,000. The equipment was assumed to have an 8-year useful life and no residual value and was to be depreciated using the straight-line...

Answered: 1 week ago

Question

★★★★★
Diana is 7 years away from retirement and wants to have a total of $125,000 saved by then. She expects to earn 9% compounded semiannually on her investments. IF she currently has $50,000 saved, how...

Answered: 1 week ago

Question

★★★★★
What is the weight of Amphotec , an antibiotic preparation for aspergillus infection, necessary for a 135 pound patient at the rate of 3.5 mg/kg per dose?

Answered: 1 week ago

Question

★★★★★
98% Several students in a preschool class are having difficulty tracing lines and forming the letters of their own names using the correct direction and sequence. The teacher asks the COTA for...

Answered: 1 week ago

Question

★★★★★
The system shown starts from rest. The length of the upper cord is adjusted so that A, B, C are initially at the same level. Each component moves with constant acceleration. After 2 seconds, block C...

Answered: 1 week ago

Question

★★★★★
Why did very few French settlers move to New France in the seventeenth century? Oa. France made extensive use of indigenous labor and did not need many settlers. O b. The treaty of Nantes prevented...

Answered: 1 week ago

Question

★★★★★
2. For each of the strategic objectives that you listed, identify some key measures that will help you determine whether or not you are on track to achieve that objective. Remember, one objective may...

Answered: 1 week ago

Question

★★★★★
2. Create a chart of earliest and latest start and finish times. Determine the critical path. What is the shortest time from start to finish?

Answered: 1 week ago

Question

★★★★★
' Do you see any objectives that appear to be contradictory?

Answered: 1 week ago

Previous Question Next Question