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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
The following details are provided by a manufacturing company:

   Product line
Investment   $1,100,000
Useful life   12 years
Estimated annual net cash inflows for first year   $400,000
Estimated annual net cash inflows for second year   $390,000
Estimated annual net cash inflows for next ten years   $380,000
Residual value   $70,000
Depreciation method   Straight-line
Required rate of return   14%

Calculate the payback period for the investment. (Round your answer to two decimal places.)
A) 2.77 years
B) 2.75 years
C) 2.55 years
D) 2.82 years
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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Deprecated Author
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#2
7 years ago
This was certainly a tough question, loving the expertise
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#3
3 years ago
Thank you
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#4
3 years ago
Thanks Man!
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