Carter & Co

question 89

Essay

Carter & Co. are trying to decide which of two investments they should consider. The following information is available:
Each investment is expected to have a useful life of 5 years.
(a) What is the rate of return on average investment of each investment?
(b) What is the payback period of each investment?
$$\begin{array} { l r r } & \text { Investment } \mathrm { A } & \text { Investment B } \\\text { Cost } & \$ 400,000 & \$ 600,000 \\\text { Salvage value } & \$ 0 & \$ 40,000 \\\text { Annual cash flow } & \$ 104,000 & \$ 160,000\end{array}$$

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Cash

Money in the form of currency, which includes coins and paper bills, used as a medium to exchange goods and services.

Advertising

The action of calling public attention to products, services, or events, often through paid announcements by an identified sponsor.

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The left side of an account.