(answered) – 1) Beyer Company is considering the purchase of an asset for
(answered) – 1) Beyer Company is considering the purchase of an asset forDescriptionSolution downloadThe Question1)Beyer Company is considering the purchase of an asset for $270,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year.??? Year 1 Year 2 Year 3 Year 4 Year 5 Total??Net cash flows ? $ 66,000 ? ? $ 39,000 ? ? $ 67,000 ? ? $ 200,000 ? ? $ 22,000 ? ? $ 394,000 ??Compute the payback period for this investment.?(Cumulative net cash outflows must be entered with a minus sign. Round your Payback Period answer to 2 decimal places.)YearCash Flow012345Cummulative Cash Flow-270000-27000066000-20400039000-16500067000-9800020000010200022000124000Pay Back period =3.49 Years
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