Beyer Company is considering buying an asset for $350,000. It is expected to produce the following net cash flows. Net cash flows Year 1 $82,000 Year 2 $45,000 Year 3 $70,000 Year 4 $180,000 Year 5 $14,000 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.) Year Net Cash Flows Cumulative Cash Flows Initial investment $ (350,000) Year 1 Year 2 Year 3 Year 4 Year 5 Total Payback period =

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Beyer Company is considering buying an asset for $350,000. It is expected to produce the following net cash flows. 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.)

Beyer Company is considering buying an asset for $350,000. It is expected to produce the following net cash flows.
Net cash flows
Year 1
$82,000
Year 2
$45,000
Year 3
$70,000
Year 4
$180,000
Year 5
$14,000
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.)
Year
Net Cash Flows
Cumulative Cash
Flows
Initial investment $
(350,000)
Year 1
Year 2
Year 3
Year 4
Year 5
Total
Payback period =
Transcribed Image Text:Beyer Company is considering buying an asset for $350,000. It is expected to produce the following net cash flows. Net cash flows Year 1 $82,000 Year 2 $45,000 Year 3 $70,000 Year 4 $180,000 Year 5 $14,000 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.) Year Net Cash Flows Cumulative Cash Flows Initial investment $ (350,000) Year 1 Year 2 Year 3 Year 4 Year 5 Total Payback period =
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