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Jeremy Yospin Inc. has an investment project that has annual cash flows of $8,80

ID: 2641950 • Letter: J

Question

Jeremy Yospin Inc. has an investment project that has annual cash flows of $8,800, $ 9,000, $10,000, $8,700 and $9,500 in next five years, and a discount rate of 10%.

Find out the IRR, payback period, Discounted Payback period, NPV, and profitability index if the initial cost is $28,000. Should the company consider investing in the project?

Find out the IRR, payback period, Discounted Payback period, NPV, and profitability index if the initial cost is $35,000. Should the company consider investing in the project?

Complete the following table with information from (a) and (b) and discuss which project you would choose.                                                                                                          

If initial cost is $28,000

If initial cost is $35,000

Payback Period

Discounted Payback

NPV (Net Present Value)

PI (Profitability Index)

IRR

If initial cost is $28,000

If initial cost is $35,000

Payback Period

Discounted Payback

NPV (Net Present Value)

PI (Profitability Index)

IRR

Explanation / Answer

Payback Period = Cost of Project / Annual Cash Inflows

Discounted Pay Back

profitability index = present value of future cash flows / intial investment required

The internal rate of return (IRR) on a project is the rate of return at which the projects NPV equals zero.

0 = (investments)+Cashflow at one year/(1+IRR)^1+Cashflow at second year/(1+IRR)^2......

when intial investment is 28000 than IRR is 19%.

When Intial Investment is 35000 than IRR is 9.77%.

Net Present value:

sum of present value of all cash flows - intial investment

year cashflow cumulative cashflow 0         (28,000)         (28,000) 1              8,800         (19,200) 2              9,000         (10,200) 3           10,000               (200) 4              8,700             8,500 5              9,500           18,000 Payback period                3.02 years
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