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Q4 Allison is considering an investment project for her firm that has the follow

ID: 2776361 • Letter: Q

Question

Q4 Allison is considering an investment project for her firm that has the following expected cash flows and required return. t Cash flow 0 $            (50,000) 1                 15,000 2                 15,000 3                 15,000 4                 10,000 5                 10,000 required return on the project is 8.5% Compute a) (Simple) payback period (PB) (show balance after each year) b) Discounted payback period (DPB) (show balance after each year) c) Net Present Value (NPV) d) Internal rate of return (IRR) Q4 Allison is considering an investment project for her firm that has the following expected cash flows and required return. t Cash flow 0 $            (50,000) 1                 15,000 2                 15,000 3                 15,000 4                 10,000 5                 10,000 required return on the project is 8.5% Compute a) (Simple) payback period (PB) (show balance after each year) b) Discounted payback period (DPB) (show balance after each year) c) Net Present Value (NPV) d) Internal rate of return (IRR)

Explanation / Answer

Statemnet showing Cash flows Particulars Time PVf@8.5% Amount PV Cash Outflows                            -                  1.00              (50,000.00)                (50,000.00) PV of Cash outflows                (50,000.00) Cash inflows                     1.00            0.9217                15,000.00                   13,824.88 Cash inflows                     2.00            0.8495                15,000.00                   12,741.83 Cash inflows                     3.00            0.7829                15,000.00                   11,743.62 Cash inflows                     4.00            0.7216                10,000.00                     7,215.74 Cash inflows                     5.00            0.6650                10,000.00                     6,650.45 PV of Cash Inflows                   52,176.53 NPV                     2,176.53 Statement showing Payback period Time Cash Flows Cumulative Cash flows                                      1.00          15,000.00      15,000.00                                      2.00          15,000.00      30,000.00                                      3.00          15,000.00      45,000.00                                      4.00          10,000.00      55,000.00                                      5.00          10,000.00      65,000.00 Paybackperiod = 3 + 5000/10,000 Paybackperiod = 3.5 Years Statement showing Discounted Payback period Time Cash Flows Cumulative Cash flows                                      1.00          13,824.88      13,824.88                                      2.00          12,741.83      26,566.71                                      3.00          11,743.62      38,310.34                                      4.00             7,215.74      45,526.08                                      5.00             6,650.45      52,176.53 Discounted Payback period = 4 + 4473.92/6650.45 Discounted Payback period = 4.67 Years Statemnet showing Cash flows Particulars Time PVf@10% Amount PV Cash Outflows                            -                  1.00              (50,000.00)                (50,000.00) PV of Cash outflows                (50,000.00) Cash inflows                     1.00            0.9091                15,000.00                   13,636.36 Cash inflows                     2.00            0.8264                15,000.00                   12,396.69 Cash inflows                     3.00            0.7513                15,000.00                   11,269.72 Cash inflows                     4.00            0.6830                10,000.00                     6,830.13 Cash inflows                     5.00            0.6209                10,000.00                     6,209.21 PV of Cash Inflows                   50,342.13 NPV                         342.13 Statemnet showing Cash flows Particulars Time PVf@11% Amount PV Cash Outflows                            -                  1.00              (50,000.00)                (50,000.00) PV of Cash outflows                (50,000.00) Cash inflows                     1.00            0.9009                15,000.00                   13,513.51 Cash inflows                     2.00            0.8116                15,000.00                   12,174.34 Cash inflows                     3.00            0.7312                15,000.00                   10,967.87 Cash inflows                     4.00            0.6587                10,000.00                     6,587.31 Cash inflows                     5.00            0.5935                10,000.00                     5,934.51 PV of Cash Inflows                   49,177.54 NPV                      (822.46) IRR = 10% + 342.13*1%/1164.59 IRR = 10.29% Approx