Cullumber Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, $31,500; Year 2, $37,500; and Year 3, $46,500. Cullumber requires a minimum rate of return of 9%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the maximum price Cullumber should pay for this equipment? (Round answer to 2 decimal places, e.g. 25.25.) Maximum price $ CA

Table Tools FIN4006D_Business_Maths_2147 [Compatibility Mode] - Microsoft Word (Product Activation Failed)- File Home Insert Page Layout References Mailings Review View PDFelement Design Layout X Cut Aal A Find - - A A Aa ッニ,三示 刻 T Arial 11 AaBbCcC AaBbCcI AaBbCcC AaBbCcC AaBbCcC AABBCCC AaB AaBbCc ab A Copy "ac Replace в I U Change | Styles - Paste - abe x, x A - 1 Body Text I Heading 1 1 List Paragr. I No Spacing 1 Normal 1 Table Para. 1 Title Heading 2 e Select - Format Painter Clipboard Font Paragraph Styles Editing (LOs: 1,2,3) Question 4 A company is thinking in investing in one of two potential new products for sale. The projections are as follows: Year Revenue/cost £ (Product A) Revenue/cost £ (Product B) (45,000) outlay 7,200 7,200 13,200 25,200 (45,000) outlay 3,600 7,600 15,600 19,000 1 2 3 4 a) Calculate the payback period for both products b) Calculate NPV of both products assuming a discount rate of 7% c) Which product should be chosen and why? d) Calculate the IRR for…

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