Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. problem 11-4 payback period project l costs $75,00

Problem 11-4 Payback period Project L costs $75,000, its expected cash inflows are $14,000 per year...

60.1K

Verified Solution

Question

Finance

Problem 11-4 Payback period Project L costs $75,000, itsexpected cash inflows are $14,000 per year for 7 years, and itsWACC is 14%. What is the project's payback? Round your answer totwo decimal places. years

Answer & Explanation Solved by verified expert
4.0 Ratings (628 Votes)
Payback 536 yearsPayback Year in which Cumulative    See Answer
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

Transcribed Image Text

Problem 11-4 Payback period Project L costs $75,000, itsexpected cash inflows are $14,000 per year for 7 years, and itsWACC is 14%. What is the project's payback? Round your answer totwo decimal places. years

Other questions asked by students

Medical Sciences
1.2K views

Physical training can lead to changes in muscle composition and properties of local motor neurons, both...

Chemistry
1.2K views

1. A solution of magnesium hydroxide is prepared by dissolving 361.824 mg of Mg(OH)2 in 273.5...

Accounting
1.2K views

Periodic and Perpetual Systems —Calculating Ending Inventory and Cost of Sales using Average Cost, Moving Average, FIFO,...

Physics
1.2K views

If p and q are distance of object and real image from the principal focus...

Basic Math
1.2K views

18 Find the intersection if any and provide a geometric interpretation of the A 3...

Algebra
1.2K views

7 Given the formula V Ah solve for h O O 3VA O VA 0...

Accounting
1.2K views

Define the difference between direct and indirect cost, variable and fixed cost, and give example...

Accounting
1.2K views

If $548,000 of 10% bonds are issued at 97, the amount of cash received from...

Accounting
1.2K views

You are doing some comparison shopping. Five stores offer the product you want at basically...

Accounting
1.2K views

Peters Company makes a product that regularly sells for $14.50 per unit. (Click the icon...

Accounting
1.2K views

Torben Corporation has provided the following information concerning a capital budgeting project: Investment required in...

Finance
1.2K views

Use the following data to calculate the requested ratio or percent (with 1 decimal place):...