Revenue $460,000 beginning inventory of direct materials, january 1, 2015 30,000 purchases of direct materials 15,800 ending inventory of direct materials, december 31, 2015 16,000 direct manufacturing labor 26,000 indirect manufacturing costs
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A project has an initial cost of $14,500 and produces cash inflows of $4,600, $6,100, and $8,500 over the next three years, respectively. What is the discounted payback period if the required rate of return is 15 percent?
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