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The JB Hi-Fi cash flow statement (page 59, 2016 JB Hi-Fi annual report_ASX.pdf)) indicates payments for property, plant and equipment. Assume that these investments have
The JB Hi-Fi cash flow statement (page 59, 2016 JB Hi-Fi annual report_ASX.pdf)) indicates payments for property, plant and equipment. Assume that these investments have an average useful life of 10 years and that JB Hi-Fi requires a 14% rate of return on such investments. Calculate the minimum average annual net cash inflow that would justify these investments.
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