>\Gem Robotics is evaluating an investment in automated production lines for its factory. The project requires an initial investment of $800,000. The company expects cashinflows of $225,000 per year for 5 years. The company's target is a 18% ROI and a maximum payback period of 6 years. For each answer, provide your answer to twodecimal places. Enter % as whole numbers (i.e. 48.68% would be entered 48.68)What is the return on investment? 40.63What is the payback period? 3.56What is your recommendation? Invest

Recommendation: According to the financial indicators estimated, it is advisable for Gem Robotics to…

Answered: >\ Gem Robotics is evaluating an…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter12: Capital Investment Decisions

Section: Chapter Questions

Problem 21BEA

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