Please do not give solution in image format thanku Ribelin Corporation is adding a new product line that will require an investment of $218,000. The product line is estimated to generate cash inflows of$32,000 the first year, $18,000 the second year, and $21,000 each year thereafter for ten more years. What is the payback period?OA. 8.56 yearsOB. 10.42 yearsOC. 10.00 yearsOD. 11.17 years

Payback period is the period required to recover initial investment of the project that is going on.

Ribelin Corporation is adding a new product line that will require an investment of $218,000. The product line is estimated to generate cash infl $32,000 the first year, $18,000 the second year, and $21,000 each year thereafter for ten more years. What is the payback period? OA 8.56 years OB. 10.42 years OC. 10.00 years OD. 11.17 years

Ribelin Corporation is adding a new product line that will require an investment of $218,000. The product line is estimated to generate cash infl $32,000 the first year, $18,000 the second year, and $21,000 each year thereafter for ten more years. What is the payback period? OA 8.56 years OB. 10.42 years OC. 10.00 years OD. 11.17 years

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter19: Capital Investment

Section: Chapter Questions

Problem 19E

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