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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? table attched SHOW ALL WORKING NO USE OF EXCEL to work answers

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? table attched SHOW ALL WORKING NO USE OF EXCEL to work answers

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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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?

table attched

SHOW ALL WORKING

NO USE OF EXCEL to work answers

Year Project A ($) Project B ($) Project C ($) O (Investment) -1,000 -$10,000 -$5,000 1 600 4,000 2,000 3,000 2,000 1,000 2,000 2 300 3 200 4 100 2,000 1,000 500 4,000 2,000
Transcribed Image Text:Year Project A ($) Project B ($) Project C ($) O (Investment) -1,000 -$10,000 -$5,000 1 600 4,000 2,000 3,000 2,000 1,000 2,000 2 300 3 200 4 100 2,000 1,000 500 4,000 2,000
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