Determine the payback period for each investment alternative and identify the alternative Stuart should accept if the decision is based on the payback approach. (Round your answers to 1 decimal place.)
Stuart Airline Company is considering expanding its territory. The company has the opportunity to purchase one of two different used airplanes. The first airplane is expected to cost $13,770,000; it will enable the company to increase its annual
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Determine the payback period for each investment alternative and identify the alternative Stuart should accept if the decision is based on the payback approach. (Round your answers to 1 decimal place.)
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