Question: please help! :) Exercise 24-2 Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $27,280. Each project will last

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Exercise 24-2 Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $27,280. Each project will last for 3 years and produce the following net annual cash flows. Year AA BB CC 1 $8,680 $12,400 $16,120 2 11,160 12,400 14,880 3 14,880 12,400 13,640 Total $34,720 $37,200 $44,640 The equipment's salvage value is zero, and Doug uses straight-line depreciation. Doug will not accept any project with a cash payback period over 2 years. Doug's required rate of return is 12 Click here to view PV table. (a) Compute each project's payback period. (Round answers to 2 decimal places, e.g. 15.25.) years BB years years Which is the most desirable project? The most desirable project based on payback period is
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