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please do them all Question 1 (1 point) If two investors are considering the sam

ID: 367368 • Letter: P

Question

please do them all

Question 1 (1 point) If two investors are considering the same project, the payback period will be longer for the investor with the higher minimum attractive rate of return (MARR). True O False Save Question 2 (1 point) Determine the payback period for a proposed investment costing $50,000 as follows (Round to nearest number) Year Cash Flow 0 $50,000 Investment $10,000 $12,000 $15,000 $18,000 $20,000 4 O Year 2 O Year 3 O Year 5 Year 4 Save Question 3 (1 point) Determine the conventional payback period (to the nearest year) for the following project if the MARR is 10%. Initial Cost Annual Maintenance $500 in year 1, increasing by $200 per year Annual Income $3,000 Salvage Value $4,000 Useful Life 10 years $10,000 Year 4 O Year 6 Year 3 O Year 5 Save

Explanation / Answer

year

Cash flow

Cumulative cash flow

0

(50)

(50)

1

10

(40)

2

12

(28)

3

15

(13)

4

18

5

5

20

25

Payback period= 3+( 13/18)= 3.72 years or 4 years

3) Payback occurs when the sum of net annual benefits equals the first cost. time value of money is ignored.

year

Net benefit( benefit –cost)

Total net benefits

1.

2500 (3000-500)

2500

2.

2300(3000-700)

4800

3.

2100(3000-900)

6900

4.

1900(3000-1100)

8800

5.

1700(3000-1300)

10500

10500> 10000, so payback period is 5 years.

year

Cash flow

Cumulative cash flow

0

(50)

(50)

1

10

(40)

2

12

(28)

3

15

(13)

4

18

5

5

20

25