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Scroll down and answer PART B for me. Grouper Manufacturing Company is considering three new projects, each requiring an equipment investment of $24,400. Each project
Scroll down and answer PART B for me.
Grouper Manufacturing Company is considering three new projects, each requiring an equipment investment of $24,400. Each project will last for 3 years and produce the following cash flows. The salvage value for each of the projects is zero. Grouper uses straight-line depreciation. Grouper will not accept any project with a payback period over 2.3 years. Grouper's minimum required rate of return is 12%. (a) Your answer has been saved. See score details after the due date. Compute each project's payback period. (Round answers to 2 decimal places, e. 52.75. ) Indicating the most desirable project and the least desirable project using this method. Most desirable Least desirable Attempts: 1 of 1 used (b) Compute the net present value of each project. (Use the above table.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, eg. 5,275.) Indicating the most desirable project and the least desirable project using this methodStep by Step Solution
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