Question
TB MC Qu. 24-63 (Algo) A project requires a... A project requires a $1,476,000 initial investment for new machinery. The project is expected to yield
TB MC Qu. 24-63 (Algo) A project requires a...
A project requires a $1,476,000 initial investment for new machinery. The project is expected to yield income of $101,000 per year and net cash flows of $360,000 per year for the next five years. The projects payback period is:
Multiple Choice
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4.1 years.
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3.6 years.
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14.6 years.
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3.2 years.
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5.8 years.
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Financial Accounting
Authors: Michael J. Jones
1st Edition
0470058986, 978-0470058985
