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What is the payback period on Popeye's purchase of a new pleasure boat for his tourist business? The expected cash flows appear below. (note: payback is in years; round to 2 decimals) Year 0 cash flow = -9,100,000 Year 1 cash flow = 2,200,000 Year 2 cash flow = 3,900,000 Year 3 cash flow = 3,100,000 Year 4 cash flow = 2,200,000 Year 5 cash flow = 4,400,000 Year 6 cash flow = 3,900,000

What is the payback period on Popeye's purchase of a new pleasure boat for his tourist business? The expected cash flows appear below. (note: payback is in years; round to 2 decimals) Year 0 cash flow = -9,100,000 Year 1 cash flow = 2,200,000 Year 2 cash flow = 3,900,000 Year 3 cash flow = 3,100,000 Year 4 cash flow = 2,200,000 Year 5 cash flow = 4,400,000 Year 6 cash flow = 3,900,000

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 1PA: Your company is planning to purchase a new log splitter for is lawn and garden business. The new...
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What is the payback period on Popeye's purchase of a new pleasure boat for his tourist business? The expected cash flows appear below. (note: payback is in years; round to 2 decimals)






Year 0 cash flow = -9,100,000

Year 1 cash flow = 2,200,000

Year 2 cash flow = 3,900,000

Year 3 cash flow = 3,100,000

Year 4 cash flow = 2,200,000

Year 5 cash flow = 4,400,000

Year 6 cash flow = 3,900,000

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