Answered step by step
Verified Expert Solution
Question
1 Approved Answer
tares. ) : table [ [ Sales , $ 2 1 5 , 0 0 0 Olinick Corporation is considering a project that would
tares.:
tableSales$
Olinick Corporation is considering a project that would require an investment of $329,000 and would last for 8 years. The incremental annual revenues and expenses generated by the project during those 8 years would be as follows 28, 187 , ee 126, $ 61, taxes.): Sales Variable expenses Contribution margin Fixed expenses: Sa tar ies Rents Depreciation Total fixed expenses Net operating income $ 215,o 35, 48 , e 43, oe The scrap value of the projects assets at the end of the project would be $25,000. The cash Inflows occur evenly throughout the year The payback period Of the project is closest to: Note: Round your answer to 1 decimal place. Mu'tip/e Choice O O O O 54 years 4.3 years 28 years 3.2 years
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started