Rodriguez Inc

question 23

Multiple Choice

Rodriguez Inc.is considering a project that costs $200,000.The company expects the annual cash revenues to be $75,000 and annual expenses (including depreciation) to be $30,000.The project has a ten-year useful life and a residual value of $25,000.Assume Rodriguez Inc.uses straight line method of depreciation.
-Using the above information for Rodriguez,the project's payback period is
(Round your final answer to two decimal places. )

• A)2.31 years.
• B)3.20 years.
• C)2.14 years.
• D)2.50 years.

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