Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the gap inc. is considering hiring a new mascot fo

The GAP Inc. is considering hiring a new mascot for its Old Navy subsidiary. They...

50.1K

Verified Solution

Question

Finance

image

The GAP Inc. is considering hiring a new mascot for its Old Navy subsidiary. They will shoot the commercials today and run them over the next four years. What is the discounted payback period of the investment if it requires an investment of $70,000 and provides cash flows of $20,000, $10,000, $50,000, and $30,000? Assume that the cash flows are received at the end of each year (not continuously) and that the appropriate discount rate is 10%. Round your answer, if appropriate, 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

Basic Math
1.2K views

1) You wish to accumulate $100,000 through monthly payments of $100. If you can earn interest...

Advance Math
1.2K views

a) The 10 members of the committee have to choose one president and two vice presidents...

Chemistry
1.2K views

The Ka of a monoprotic weak acid is 7.84 × 10-3. What is the percent ionization...

Physics
1.2K views

7. Construct a time series plot. Comment on what type of pattern exists in the data. Use a...

Basic Math
1.2K views

Ten females were divided into two equal groups. One group was taught how to concentrate on...

Advance Math
1.2K views

1. Reduce the quadratic form 2x2 – 6xy + y2 to standard form. Use the new form...

Geometry
1.2K views

B C A 109 F LL E Use the diagram to complete the statements The...

Calculus
1.2K views

points Q What did one calculus book say to the other A Don t bother...

Accounting
1.2K views

Tiger Corporation owns 45% of Rabbit Ltd. Tiger Corporation also owns 15% of Beaver Ltd....

Accounting
1.2K views

1) Comfy Wheels Bus Company produce autobuses. Para producir los asientos de los autobuses, se...

Finance
1.2K views

Financial statements reflect only the book values of the data that analysts use to evaluate...

Finance
1.2K views

If you can't see the picture zoom in pls Bauer Industries is an...