The Following Details Are Provided by a Manufacturing Company Calculate the Payback Period for the Investment

question 92

Multiple Choice

The following details are provided by a manufacturing company: $$\begin{array} { | l | r | } \hline & \text { Product line } \\\hline \text { Investment } & \$ 1,190,000 \\\hline \text { Useful life } & 12 \text { years } \\\hline \text { Estimated annual net cash inflows for first year } & \$ 400,000 \\\hline \text { Estimated annual net cash inflows for second year } & \$ 390,000 \\\hline \text { Estimated annual net cash inflows for next ten years } & \$ 490,000 \\\hline \text { Residual value } & \$ 90,000 \\\hline \text { Depreciation method } & \text { Straight-line } \\\hline \text { Required rate of return } & 12 \% \\\hline\end{array}$$ Calculate the payback period for the investment.(Round your answer to two decimal places.)

• A) 2.98 years
• B) 2.82 years
• C) 1.98 years
• D) 2.20 years

Understand metabolic processes, including anabolism, catabolism, and their relevancy to cellular functions.

Comprehend the role of ATP in cellular processes and energy transfer.

Identify the effects of pH changes on biological systems, including the nature of acids and bases.

Differentiate between organic and inorganic compounds and their significance in biological systems.

---

Definitions:

Durability

The ability of something to withstand wear, pressure, or damage, thus extending its useful life.

Proximity

The physical or psychological closeness between people, which can influence relationships and social interactions.

Similarity

The state of being alike or having attributes in common, often used to describe relationships or comparisons between objects, ideas, or individuals.

Physical Attractiveness

The degree to which a person's physical traits are considered aesthetically pleasing or beautiful to others.