4. Canada Golf Club (CGC) is considering three independent projects for July 2021 tournament. The three projects are project A, project B and project C. Given the following cash flow information, calculate the payback period for each. If CGC requires a 3-year payback before an investment can be made, which project(s) would be accepted?| Year Project B ($) -$10,000 Project C ($) -$5,000 Project A ($) O (Investment) -2,000 1 -2,000 -6,000 -2,000 2 800 4,000 5,000 3 600 3,000 5,000 600 2,000 5,000 4-
4. Canada Golf Club (CGC) is considering three independent projects for July 2021 tournament. The three projects are project A, project B and project C. Given the following cash flow information, calculate the payback period for each. If CGC requires a 3-year payback before an investment can be made, which project(s) would be accepted?| Year Project B ($) -$10,000 Project C ($) -$5,000 Project A ($) O (Investment) -2,000 1 -2,000 -6,000 -2,000 2 800 4,000 5,000 3 600 3,000 5,000 600 2,000 5,000 4-
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6PB: There are two projects under consideration by the Rainbow factory. Each of the projects will require...
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