Question
Siemens AG invests 80,000,000 to build a manufacturing plant to build wind turbines. The company predicts net cash flows of 16,000,000 per year for the
| Siemens AG invests 80,000,000 to build a manufacturing plant to build wind turbines. The company predicts net cash flows of 16,000,000 per year for the next 8 years. Assume the company requires an 8% rate of return from its investments. (PV of $1,FV of $1,PVA of $1, andFVA of $1).(Use appropriate factor(s) from the tables provided.) |
| (1) | What is the payback period of this investment? |
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Financial Statement Fraud Prevention And Detection
Authors: Zabihollah Rezaee, Richard Riley
2nd Edition
0470543205, 9780470543207
