Proposals L and K each cost $600,000,have 6-year lives,and have expected total cash flows of $720,000.Proposal L is expected to provide equal annual net cash flows of $170,000,while the net cash flows for Proposal K are as follows:

Determine the cash payback period for each proposal.Round your answers to two decimal places.

Question

Proposals L and K each cost $600,000,have 6-year lives,and have expected total cash flows of $720,000.Proposal L is expected to provide equal annual net cash flows of $170,000,while the net cash flows for Proposal K are as follows:
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Determine the cash payback period for each proposal.Round your answers to two decimal places.

Quizplus · Accepted Answer

The Answer of Proposals L and K each cost $600,000,have 6-year lives,and have expected total cash flows of $720,000.Proposal L is expected to provide equal annual net cash flows of $170,000,while the net cash flows for Proposal K are as follows:
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Determine the cash payback period for each proposal.Round your answers to two decimal places.

Proposals L and K Each Cost $600,000,have 6-Year Lives,and Have