Question
The Zingstad Corporation is considering an investment with the following data (Ignore income taxes.): Year 1Year 2Year 3Year 4Year 5Investment$32,000$12,000Cash inflow$8,000$8,000$20,000$16,000$16,000 Cash inflows occur evenly
The Zingstad Corporation is considering an investment with the following data (Ignore income taxes.):
Year 1Year 2Year 3Year 4Year 5Investment$32,000$12,000Cash inflow$8,000$8,000$20,000$16,000$16,000
Cash inflows occur evenly throughout the year. The payback period for this investment is:
Multiple Choice
- 3.0 years
- 3.5 years
- 4.0 years
- 4.5 years
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
