FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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First enter the formula, then calculate the payback period. (Round your answer to two decimal places)
Full years
Amount to complete recovery in next year
Projected cash inflow in next year
Payback
years
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Transcribed Image Text:First enter the formula, then calculate the payback period. (Round your answer to two decimal places) Full years Amount to complete recovery in next year Projected cash inflow in next year Payback years
Tumer Hardware is adding a new product line that will require an investment of $1,480,000 Managers estimate that this investment will have a 10-year Me and generate net cash inflows of $330.000 the first year
$270,000 the second year, and $230.000 each year thereafter for eight years. The investment has no residual value Compute the payback period
Cm
First enter the formula, then calculate the payback period (Round your answer to two decimal places)
Full years
*( Amount to complete recovery in next year
Projected cash inflow in next year ) Payback
years
expand button
Transcribed Image Text:Tumer Hardware is adding a new product line that will require an investment of $1,480,000 Managers estimate that this investment will have a 10-year Me and generate net cash inflows of $330.000 the first year $270,000 the second year, and $230.000 each year thereafter for eight years. The investment has no residual value Compute the payback period Cm First enter the formula, then calculate the payback period (Round your answer to two decimal places) Full years *( Amount to complete recovery in next year Projected cash inflow in next year ) Payback years
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