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AutoSave OFF Chapter BESU Page Layout Formulas Home Insert Draw Data Review View Tell me Arial 14 - A A ODD Wrap Text Paste B I U a. A Merge & Center 1 A B fx P11-22 Modified (complete parts a and b only and show the payback period to 2 decima G 1 P11-22 Modified (complete parts a and b only and show the payback period to 2 decimals) Hint: see pages 352-353 and Tables 11.1 & 11.2 on page 354 The Bar-None Manufacturing Co. manufactures fence panels used in cattle feed lots throughout the Midwest. Bar-None's management is considering three investment projects for next year, but doesn't want to make any investment that requires more than three years to recover the firms initial investment. The cash flows for the three projects(AB,& are as follows Year 0 1 2 3 4 5 ($1.000.00) $600.00 $300.00 $200.00 $100.00 $500.00 (510,000.00) $5,000.00 $3,000.00 $3,000.00 $3,000.00 $3,000.00 C (55,000.00) $1,000.00 $1,000.00 $2,000.00 $2,000.00 $2,000.00 A Given Bar None's three year payback period, which of the projects qualify for acceptance? Payback Rank the projects using their payback periods which project looks the best using this criterion? Do you agree with this ranking? Why or why not? 011-5 P11-1M P11-3M P11-12M P11.2M P11-23M 011-7 P11-4M Ryan Library

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