A. grains correct me if im wrong
Answer:
C. 8%
Explanation:
Future value factor:
= $18527.74 / $40000
= 0.4631935
At 8% for 10 years the future value factor is 0.4631935
Note: Proof of calculation is attached below as picture
Answer:
6 years
Explanation:
The payback period calculates how long it takes for the amount invested in a project to be recovered from the cumulative cash flow.
Payback period = amount invested/ cash flow
$468,000 / $78,000 = 6 years
I hope my answer helps you