Chapter 8 Homework i 2 1 points eBook Hint Print References Mc Graw Hill Inventories (under FIFO) Less: LIFO reserve Inventories (under LIFO) September 30, 2019 $ 14,028 (1,620) $ 12,408 Saved Exercise 8-21 (Algo) Supplemental LIFO disclosures; LIFO reserve; AnsgarPharm [LO8-6] AnsgarPharm is an American drug wholesale company. The company uses the LIFO inventory method for external reporting but maintains its internal records using FIFO. The following information was included in a recent annual report: Inventories are comprised of the following ($ in millions): September 30, 2018 $ 28,056 (1,810) $ 26,246 The company's income statements reported cost of goods sold of $149,698 million for the year ended September 30, 2019. Complete this question by entering your answers in the tabs below. Save & Exit L C Check my work Submit C 6:20 PM 11/11/2023

(Discounted payback period) The Callaway Cattle Comparry is considering the construction of a new feed handling system for its feed lot in Abilene, Kansas. The new system will provide annual tabor savings and reduced waste totaling $210,000 while the initial imvestrment is only $490,000. Callaway's managersent has used a simple payback methodfor evaluating new investments in the past but plans to calculate the discounted payback to analyze the investment. Where the appropriate discount rate for this type of project is 9 percent, what is the projects discounted payback period? The project's discounted payback period is years. (Round to two decimal places)