Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. considering purchasing a machine that will make th

considering purchasing a machine that will make the com dogs. Austin has shopped for machines...

60.1K

Verified Solution

Question

Accounting

considering purchasing a machine that will make the com dogs. Austin has shopped for machines and found that the machine he wants will cost $317500. In addition, Austin estimates that the new machine will increase the company's anmual net cash fows by $48900 The machine will have a 12-vear useful life and no salvage value.
Click here to view PV tables.
(ai)
Your answer is correct.
Calculate the cash payback period. (Round onswer to 2 decinal places, eg.15.21)
Cash payback period vears
eTextbook and Media
Attempts: 1 of 3 used
(b)
Your answer is correct.
Calculate the machine's internal rate of return.
eTextbook and Media
Attempts: 1 of 3 used
(c)
Calculate the machine's net present value using a discount rate of 10%.(Use the above table.)(Round factor values to 5 decimal places, eg.1.25124 and final answer to 0 decimal places, es.5.275.)
Net present value $
eTextbook and Media
Savethor thation
Attempts: 0 of 3 used
(d)
The parts of this question must be completed in order. This part will be available when you complete the part above.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students