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krishna2018 krishna2018
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5 years ago
Griffith Vehicle has received three proposals for its new vehicle-painting machine. Information on each proposal is as follows:

Proposal XProposal YProposal Z
Initial investment in equipment$240,000$150,000$190,000
Working capital needed0010,000
Annual cash saved by operations:
   Year 180,00050,00080,000
   Year 280,00042,000           80,000
   Year 380,00046,00080,000
   Year 480,00024,00080,000
Salvage value end of year:
   Year 1100,00080,00060,000
   Year 280,00060,00050,000
   Year 340,00040,00030,000
   Year 410,00020,00015,000
Working capital returned0010,000
 
Required:
Determine each proposal's payback.
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Rule612069Rule612069
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Posts: 198
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5 years ago
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krishna2018 Author
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#2
5 years ago
Just confirmed the same answer from my friend, thanks
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