Henkel Company is considering three long-term capital investment proposals. Each investment has a useful life...
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Henkel Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows.
| Project Kilo | Project Lima | Project Oscar | ||||||
| Capital investment | $159,650 | $169,950 | $202,800 | |||||
| Annual net income: | ||||||||
| Year | 1 | 13,390 | 18,025 | 28,325 | ||||
| 2 | 13,390 | 16,995 | 23,175 | |||||
| 3 | 13,390 | 15,965 | 22,145 | |||||
| 4 | 13,390 | 11,845 | 13,905 | |||||
| 5 | 13,390 | 8,755 | 12,875 | |||||
| Total | $66,950 | $71,585 | $100,425 | |||||
Depreciation is computed by the straight-line method with no salvage value. The company
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