Question
Sterling Corporation has borrowed $52,500 that must be repaid in three years. This $52,500 is to be invested in an nine-year project with an estimated
Sterling Corporation has borrowed $52,500 that must be repaid in three years. This $52,500 is to be invested in an nine-year project with an estimated annual net cash flow of $10,500. The payback period for this investment is:
A) Three years.
B) Five years.
C) Indeterminable with the given information.
D) Nine years.
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Cost Accounting College Version
Authors: Steven M. Bragg
1st Edition
1938910702, 978-1938910708
