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UkoKoshka [18]
3 years ago
10

Year Cash Flow 0 –$ 8,300 1 2,100 2 3,000 3 2,300 4 1,700 What is the payback period for the set of cash flows given above? (Do

not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
Readme [11.4K]3 years ago
7 0

Answer:

3.53 years

Explanation:

The computation of the payback period is shown below:

In year 0 = $8,300

In year 1 = $2,100

In year 2 = $3,000

In year 3 = $2,300

In year 4 = $1,700

If we sum the first 3 year cash inflows than it would be $7,400

Now we subtract the $7,400 from the $8,300 , so the amount is  $900 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $1,700

So, the payback period equal to

= 3 years + $900 ÷ $1,700

= 3.53 years

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Send It Packing

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2. The prime cost for May is $51,170 (direct materials and labor and direct overhead)

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Franchise fee (5% of $102,100)      5,105

Advertising expense =                   2,750

Administrative costs                      3,650

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