Solved

Rural Feed Mill Pty Ltd Is Spending $250 000 to Update

Question 4

Multiple Choice

Rural Feed Mill Pty Ltd is spending $250 000 to update its facility.The company estimates that this investment will improve its cash inflows by $56 500 a year for 10 years.What is the payback period?


A) 4.24 years
B) 5.05 years
C) 4.13 years
D) 4.42 years
E) The project never pays back.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions