Payback period : Academic response
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Question 16: (1 point)
(Ignore income taxes in this problem.) Chee Company has gathered the following data on a proposed investment project:
Investment required in equipment $211,218
Annual cash inflows $47,000
Salvage value $0
Life of the investment 10 years
Required rate of return 11%
The payback period (by using Payback Method) for the investment is closest to:
4.5 years
3.3 years
9 years
5.7 years
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Solution Summary
The following posting provides the steps to calculate the payback period.
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nvestment required in equipment $211,218
Annual cash inflows $47,000
Salvage value $0
Life of the investment 10 years
Required rate of return 11%
The payback ...
Purchase this Solution
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