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1. Project K costs $71,813.09, its expected cash inflows are $14,000 per year fo

ID: 2654106 • Letter: 1

Question

1. Project K costs $71,813.09, its expected cash inflows are $14,000 per year for 11 years, and its WACC is 10%. What is the project's IRR? Round your answer to two decimal places.

2. Project K costs $45,000, its expected cash inflows are $11,000 per year for 8 years, and its WACC is 8%. What is the project's discounted payback? Round your answer to two decimal places.

3.   Project K costs $60,000, its expected cash inflows are $14,000 per year for 6 years, and its WACC is 9%. What is the project's payback? Round your answer to two decimal places.

Explanation / Answer

Ans

IRR Project Cost         -71,813.09 Expected Cash Inflows PA           14,000.00 No Of Years                   11.00 PVAF for 10% for 11 Years (1-(1+r^-n))/r                      6.50 PV of Cah inflow           90,930.85 NPV           19,117.76 IRR 15.50%                      5.13 PV of Cash inflow @ 15.5% for 11 Years 14000*5.1295           71,813.00 NPV 71813-71813                          -   Discounted Pay Back Project Cost         -45,000.00 Expected Cash Inflows PA           11,000.00 No Of Years                      8.00 PVAF for 8% for 8 Years (1-(1+r^-n))/r                      5.75 PV of Cah inflow           63,213.03 NPV           18,213.03 PVAF for 8% for 5 Years                      3.99 Expected cash inflow at end of year 5 11000*3.99           43,919.81 Shortage of cash inflow             1,080.19 Cash inflow for Year 6 0.6302*11000 6932.2 Discounted Pay Back 5+1080.19/6932.2 5.16 5.16 Yrs Pay Back Project Cost         -60,000.00 Expected Cash Inflows PA           14,000.00 Project Payback                      4.29