M http://ezto.mheducation.com/hm.tpx MChapters 24-25 Homework Mail-Smith, Courtn

Question

M http://ezto.mheducation.com/hm.tpx MChapters 24-25 Homework Mail-Smith, Courtney A (Wes | e Search Q&A; | Chegg.com > File Edit View Favorites Tools Help E' Younique by Courtney s.. Gastric Sleeve weight Los west Kentucky Communi welcome to Facebook-L G Google e Home Chegg Wild: Fundamental Accounting Principles, 22e ACC 202 -S2016 16 Wk Online 80539 Courtney Slater ACCOUNTING Chapters 24-25 Homeworlk Instructions I help Question 15 (of 23) Save & Exit Submit value 4.00 polnts Project A requires a $335,000 initial investment for new machinery with a five-year life and a salvage value of $48,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $28,800 per year for the next five years Compute Project A's payback period. back Choose Numerator: Choose Denominator: Payback Period Payback period = 11:33 PM 4/19/2016

Explanation / Answer

Annual Cash Flows = Net Income + Depreciation 48500+28800 $77,300 Payback Period = Investment required for a project/ Net annual cash flows 335000/77300 4.333765 Payback Period is 4.33 years

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.