Proposals A and B each cost $500,000 and have 5-year lives. Proposal A is expected to provide equal annual net cash flows of $109,000, 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 $500,000 and have 5-year lives. Proposal A is expected to provide equal annual net cash flows of $109,000, 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 $500,000 and have 5-year lives. Proposal A is expected to provide equal annual net cash flows of $109,000, 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 $500,000 and Have 5-Year