Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have invested $2,00,000 in a project. You expect: $70,000 in the first year of the project; $60,000 in the second year of the project;

You have invested $2,00,000 in a project. You expect:

  1. $70,000 in the first year of the project;
  2. $60,000 in the second year of the project;
  3. $55,000 in the third year of the project;
  4. $40,000 in the fourth year of the project;
  5. $30,000 in the fifth year of the project;
  6. $25,000 in the sixth year of the project.

Calculate the pay back period of the above data

Step by Step Solution

3.43 Rating (159 Votes )

There are 3 Steps involved in it

Step: 1

The payback period is the time it takes for an investment to generate an ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Engineering Economics Analysis

Authors: Ted G. Feller

9th Edition

9780195168075

More Books

Students also viewed these Finance questions

Question

2. What are the human needs categorized by Abraham Maslow?

Answered: 1 week ago

Question

c. What is the persons contact information?

Answered: 1 week ago

Question

What does stickiest refer to in regard to social media

Answered: 1 week ago

Question

Calculate the percentage change in utilization for the two months.

Answered: 1 week ago