Please do not give solution in image format thanku Current Attempt in Progress2A company that manufactures recreational pedal boats has approached Matthew Cichanowski to ask if he would be interested inusing Current Designs' rotomold expertise and equipment to produce some of the pedal boat components. Matthew is intrigued bythe idea and thinks it would be an interesting way of complementing the present product line.One of Matthew's hesitations about the proposal is that the pedal boats are a different shape than the kayaks that Current Designsproduces. As a result, the company would need to buy an additional rotomold oven in order to produce the pedal boat components.This project clearly involves risks, and Matthew wants to make sure that the returns justify the risks. In this case, since this is a newventure, Matthew thinks that a 15% discount rate is appropriate to use to evaluate the project.As an intern at Current Designs, Matthew has asked you to prepare an initial evaluation of this proposal. To aid in your analysis, he hasided the following information and assumptions.W1.2.The new rotomold oven will have a cost of $261,000, a salvage value of $0, and an 8-year useful life. Straight-linedepreciation will be used.The projected revenues, costs, and results for each of the 8 years of this project are as follows.SalesLess:Manufacturing costsDepreciationShipping and administrative costs3E$4R$145,400%532,62521,000T$225,4006199,025MacBook ProY&7U* 00819O0P 2SalesLess:Manufacturing costsDepreciationShipping and administrative costsIncome before income taxesIncome tax expenseNet incomeClick here to view PV table.W(b)Payback period# 3E$4$145,400Rcompute the payback period. (Round answer to 2 decimal places, e.g. 15.25.)%32,625521,000$225,400T199,025years626,375$15,330A11,045MacBook ProY&7U* CO1- с9O0P

PAYBACK PERIOD Payback Period is one of the important Capital Budgeting Technique. Payback Period is…

Sales + Less: 2 Manufacturing costs Depreciation Shipping and administrative costs Income before income taxes Income tax expense Net income Click here to view PV table. W (b) Payback period #3 E $ 4 $145,400 R Compute the payback period. (Round answer to 2 decimal places, e.g. 15.25.) % 32,625 5 21,000 $225,400 T 199,025 26,375 $15,330 years 6 11,045 MacBook Pro Y & 7 U * 00 8 9 O T 0 P

Sales + Less: 2 Manufacturing costs Depreciation Shipping and administrative costs Income before income taxes Income tax expense Net income Click here to view PV table. W (b) Payback period #3 E $ 4 $145,400 R Compute the payback period. (Round answer to 2 decimal places, e.g. 15.25.) % 32,625 5 21,000 $225,400 T 199,025 26,375 $15,330 years 6 11,045 MacBook Pro Y & 7 U * 00 8 9 O T 0 P

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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