Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a project has an initial cost of $50,675, expected

A project has an initial cost of $50,675, expected net cash inflows of $12,000 per year...

70.2K

Verified Solution

Question

Finance

  1. A project has an initial cost of $50,675, expected net cashinflows of $12,000 per year for 9 years, and a cost of capital of13%. What is the project's payback period? Round your answer to twodecimal places.

Answer & Explanation Solved by verified expert
4.1 Ratings (548 Votes)
I have    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

A project has an initial cost of $50,675, expected net cashinflows of $12,000 per year for 9 years, and a cost of capital of13%. What is the project's payback period? Round your answer to twodecimal places.

Other questions asked by students

Q

A 38-year-old lady has been immobilized in bed for several days after motor vehicle accident. She...

Biology
Q

Cooper is a salesperson who sells computers at an electronics store. He makes a base...

Basic Math
Q

A manufacturer of ski clothing makes ski pants and ski jackets The profit on a...

Algebra
Q

Futura Company purchases the 69,000 starters that it installs in its standard line of farm...

Accounting
Q

Please help me fill out this income statement. ...

Accounting
Q

Van Beek Corporation reported the following transactions for 2019: 1. Sold equipment for $21,000. The...

Accounting
Q

93. How does ethical behavior contribute to the credibility and reliability of financial reporting?

Accounting
Q

Nash Leasing Company agrees to lease equipment to Crane Corporation on January 1, 2020. The...

Accounting
Q

28) On January 1, 2021 Major Company purchased 40% of the outstanding common stock of...

Accounting
Q

the following are the current month's balances for abc financial services account payable...

Accounting
Q

in general when is a journal entry required? specifically would an entry be required (please...

Accounting
Q

When companies do not want to use market prices or find it too costly, they...

Accounting