To explain BioCom's capital budgeting techniques, Jane has decided to present the cash flows from two recent
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Question:
To explain BioCom's capital budgeting techniques, Jane has decided to present the cash flows from two recent proposals: the nano test tube project and the microsurgery kit project. All figures are in thousands of dollars:
Time of Cash Flow | Nano Test Tubes | Microsurgery Kit |
Investment | ($12,000) | ($12,000) |
Year 1 | 2,000 | 5,000 |
Year 2 | 3,000 | 5,000 |
Year 3 | 4,000 | 5,000 |
Year 4 | 5,000 | 5,000 |
Year 5 | 7,000 | 5,000 |
Compute the payback period for Nano Test Tubes project. Input your answer to the nearest tenth of a year. For example, if the answer is 2.17 years, input 2.2 into blackboard.
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