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What is the Step by step calculations for the pay back period.Moxip Corporation...

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Accounting

What is the Step by step calculations for the pay back period.Moxip Corporation is considering investing in one of two machines - Machine A or
Machine
B. The initial cost and net cash inflows from each project are shown below. The
opportunity
cost for both projects is 12% per cent.
Cash Flow Project A Project b B
$$
Initial Cost 65000005000000
Net Cash Inflows
Year 117000002400000
Year 214000001600000
Year 313000001600000
Year 412000001600000
Year 516000001200000
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