Proposals A and B each cost $600,000 and have 5-year lives.Proposal A is expected to provide equal annual net cash flows of $159,000, while the net cash flows for Proposal B are as follows:
Determine the cash payback period for each proposal.Round answers to two decimal places.

Question

Proposals A and B each cost $600,000 and have 5-year lives.Proposal A is expected to provide equal annual net cash flows of $159,000, while the net cash flows for Proposal B are as follows:
  Determine the cash payback period for each proposal.Round answers to two decimal places.

Quizplus · Accepted Answer

The Answer of Proposals A and B each cost $600,000 and have 5-year lives.Proposal A is expected to provide equal annual net cash flows of $159,000, while the net cash flows for Proposal B are as follows:
  Determine the cash payback period for each proposal.Round answers to two decimal places.

Proposals a and B Each Cost $600,000 and Have 5-Year