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Shields Company has gathered the following data on a proposed investment project: (Ignore income taxes.) Investment required in equipment $610,000 Annual cash inflows $88,000 Salvage
| Shields Company has gathered the following data on a proposed investment project: (Ignore income taxes.) |
| Investment required in equipment | $610,000 |
| Annual cash inflows | $88,000 |
| Salvage value | $0 |
| Life of the investment | 16 years |
| Discount rate | 10% |
| The payback period for the investment is closest to: (Round your answer to 1 decimal place.) |
| 6.9 years | |
| 0.1 years | |
| 1.0 years | |
| 4.9 years |
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Auditing The Art And Science Of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan, Joanne C. Jones
15th Canadian Edition
0136692087, 9780136692089
