(Ignore income taxes in this problem. )Rogers Company is studying a project that would have a ten-year life and would require an $800,000 investment in equipment which has no salvage value.The project would provide net operating income each year as follows for the life of the project: The company's required rate of return is 8%.What is the payback period for this project?

Question

(Ignore income taxes in this problem. )Rogers Company is studying a project that would have a ten-year life and would require an $800,000 investment in equipment which has no salvage value.The project would provide net operating income each year as follows for the life of the project:  The company's required rate of return is 8%.What is the payback period for this project?

Quizplus · Accepted Answer

The Answer of (Ignore income taxes in this problem. )Rogers Company is studying a project that would have a ten-year life and would require an $800,000 investment in equipment which has no salvage value.The project would provide net operating income each year as follows for the life of the project:  The company's required rate of return is 8%.What is the payback period for this project?

(Ignore Income Taxes in This Problem