Question
The management of Weimar, Inc., a civil engineering design company, is considering an investment in a high-quality blueprint printer with the following cash flows: Year
| The management of Weimar, Inc., a civil engineering design company, is considering an investment in a high-quality blueprint printer with the following cash flows: |
| Year | Investment | Cash Inflow |
| 1 | $73,000 | $6,000 |
| 2 | $6,000 | $12,000 |
| 3 | $20,000 | |
| 4 | $22,000 | |
| 5 | $25,000 | |
| 6 | $23,000 | |
| 7 | $21,000 | |
| 8 | $19,000 | |
| 9 | $18,000 | |
| 10 | $18,000 |
| Required: | |
| 1. | Determine the payback period of the investment.(Round your answer to 1 decimal place.) Payback period________years |
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Accounting A Pathway Into The World Of Business And Data Analytics
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
29th Edition
0357899644, 9780357899649
