Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. payback period the ball shoe company is considerin

Payback period The Ball Shoe Company is considering an investment project that requires an initial...

80.2K

Verified Solution

Question

Finance

image

Payback period The Ball Shoe Company is considering an investment project that requires an initial investment of $532,000 and returns cash inflows of $75,357 per year for 10 years. The firm has a maximum acceptable payback period of 8 years. a. Determine the payback period for this project. b. Should the company accept the project? a. The payback period for this project is years. (Round to two decimal places.)

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