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-T6371 Intermediate Accounting II 23EW6 W Question 12 of 13 - Mod Module Six Problem Set Question 12 of 13 0/43 ... Current Attempt in Progress Your answer is incorrect. Ac Jennifer just graduated from college. Since she is starting her own business, it's time to upgrade from her clunker to a reliable vehicle. Ac Jennifer has the option to purchase a new car for her business at a cost of $21,208 (life of 7 years with no salvage value), estimating that it would help her bring in additional annual net operating cash flows of $8,800 over the life of the car. QL Determine the simple payback period and the IRR for this investment. Jennifer expects her business income to be subject to a 30% tax Acc rate. (Round simple payback period to 3 decimal places, e.g. 15.256 and IRR to 2 decimal places, e.g. 15.25%. Round intermediate calculations to 2 decimal places, e.g. 15.25.) Vie Acco Simple payback period years Que Acco IRR Que Accou eTextbook and Media Ques Attempts: 1 of 2 used Submit Answer Accou Save for Later JUL 2 4 X 31Safari File Edit View History Bookmarks Window Help 2 Q 8 Mon .. . [ v - 14 : Question 6 Accounting Multistep Current Attempt in Progress Question 7 Accounting Multistep Robert Gund two feasible options for an apartment to rent for the next 2 years. Option A requires monthly rent of $700 to be paid at the beginning of each month. Option B allows for end-of-month rent payments of $700 (same amenities as in option A). Robert uses a Question 8 fairly high annual discount rate of 24% (sadly, he is also a high credit risk). Accounting Multistep Find the PV of the future rent payments for both options over the 2-year time period and explain which one Robert will prefer, if he Viewing Question 9 bases his decision strictly on cash flow. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final Accounting Dropdown answers to 2 decimal places e.g. 5, 125.36.) Question 10 Click here to view the factor table Accounting Dropdown Unsu Option A Option B Question 11 Accounting Dropdown Present value $ $ Question 12 Accounting Dropdown Unsul Robert would choose + , because he would effectively be paying in rent over this two-year period. Question 13 Accounting Dropdown O Par e Textbook and Media Attempts: 0 of 2 used Submit Answer Save for Later JUL 31 4 esc > @ # %18-T6371 Intermediate Accounting II 23EW6 Module Six Problem Set W Question 2 of 13 - Module Six Problem Set Question 2 of 13