Oriental Corporation has gathered the following data on a proposed investment project ( Ignore income taxes. )
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Question:
Oriental Corporation has gathered the following data on a proposed investment project Ignore income taxes.:
Investment in depreciable equipment $
Annual net cash flows $
Life of the equipment years
Salvage value $
Discount rate
The company uses straightline depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment.
The payback period for the investment would be?
Related Book For
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
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