please help fill in the blanks and total answer Do Homework-Emma Stein Secure l

Question

please help fill in the blanks and total answer

Do Homework-Emma Stein Secure l https://www.mathxl.com/Student/PlayerHomework.aspx?homeworkid=479473576&questionid;=1&flushed-false;&cid;=4978032&centerwin.; acc240 30686 Emma Stein | 7/7/18 5:39 PM Homework: Lesson 13 Homework Save Score: 2.14 of 5 pts 1 of 5 (1 complete) ? Hw Score: 7.14%, 2.14 of 30 pts %) E12-38B (similar to) Question Help Sikes Hardware is adding a new product line that will require an investment of $1,530,000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $320,000 the first year, $280,000 the second year, and $245,000 each year thereafter for eight years. The investment has no residual value. Compute the payback period. First enter the formula, then calculate the payback period. (Round your answer to two decimal places.) Full years Amount to complete recovery in next year Projected cash inflow in next yearPayback years Enter any number in the edit fields and then click Check Answer All parts showing Clear All Check Answer

Explanation / Answer

Cash flow table :

Payback period = Full years+(Amount to complete recovery in next year/Project cash flow in next year)

= 5 years+195000/245000

Payback period = 5.80 Years

Year Cash flow Cumulative cash flow 1 320000 320000 2 280000 600000 3 245000 845000 4 245000 1090000 5 245000 1335000 6 245000 1580000 7 245000 1825000 8 245000 2070000 9 245000 2315000 10 245000 2560000

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