Julian Browne, owner of Clear Interior Environments, purchased an air scrubber, HEPA vacuum, and other equipment for
Question:
Julian Browne, owner of Clear Interior Environments, purchased an air scrubber, HEPA vacuum, and other equipment for mold removal for $15,000 eight months ago. Net cash flows were $−2000 for each of the first 2 months, followed by $1000 per month for months 3 and 4. For the last 4 months, a contract generated a net $6000 per month. Julian sold the equipment yesterday for $3000 to a friend.
Determine
(a) The no-return payback period
(b) The nominal 18%-per-year payback period.
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a Sum NCF for n months until it turns positive Payback between 6 and 7 months n 6 Sum 1...View the full answer
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