Which of the following statements is correct? C The payback period is the length of time it takes for an investment to recoup its A) own initial cost out of the cash receipts it generates. O B Projects with shorter payback periods are always more profitable than projects with longer payback periods. C The payback method of making capital budgeting decisions gives ful c) consideration to the time value of money. O If new equipment is replacing old equipment, any salvage received from sale of the old equipment should not be considered in computing the payback period of the new equi Hogan Company has gathered the following data on a proposed investment project. Discount rate Life of the investment Investment required in equipment Anmual cash inflows Salvage value What is the payback period for the proposed investment? 10% 10 years $400,000 80,000 0 0.2 years A) B)1.0 years 3.0 years C) 5.0 years D) Hogan Company has gathered the following data on a proposed investment project. Discount rate Life of the investment Investment required in equipment Annual cash inflows Salvage value (Note that this is the same data that was provided for the previous question.) What is the net present value on the proposed investment? 10% 10 years $400,000 80,000 $96,720 B)ss0,000 $91,600 A) C) the new equipment. Hogan Company has gathered the following data on a proposed investment project. Discount rate Life of the investment Investment required in equipment Anmual cash inflows Salvage value What is the payback period for the proposed investment? 10% 10 years S400,000 80,000 0.2 years A) B)1.0 years 3.0 years C) 5.0 years D) Hogan Company has gathered the following data on a proposed investment project. Discount rate Life of the investment Investment required in equipment Annual cash inflows Salvage value (Note that this is the same data that was provided for the previous question.) What is th net present value on the proposed investment? 10% 10 years $400,000 80,000 $96,720 B)$80,000 S91,600 A) C) Required