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Question 1 Part B: You want to develop a new product and you want to make your money back as quickly as possible. There are four potential products that you can invest in. Project 1 Project 2 Project 3 Project 4 Initial Cost $60,000 $70,000 $77,500 $85,000 Annual $10,500 $16,000 $8,500 $15,000 Revenues Length of Ownership 6 4 9 10 Question 1 Part B: Provide the conventional payback period for Project 1. Enter your answer in the form: 1.23

Question 1 Part B: You want to develop a new product and you want to make your money back as quickly as possible. There are four potential products that you can invest in. Project 1 Project 2 Project 3 Project 4 Initial Cost $60,000 $70,000 $77,500 $85,000 Annual $10,500 $16,000 $8,500 $15,000 Revenues Length of Ownership 6 4 9 10 Question 1 Part B: Provide the conventional payback period for Project 1. Enter your answer in the form: 1.23

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question 1 Part B: You want to develop a new product and you want to make your money back as quickly as possible. There are four potential products that you can invest in. Project 1 Project 2 Project 3 Project 4 Initial Cost $60,000 $70,000 $77,500 $85,000 Annual $10,500 $16,000 $8,500 $15,000 Revenues Length of Ownership 6 4 9 10 Question 1 Part B: Provide the conventional payback period for Project 1. Enter your answer in the form: 1.23
Transcribed Image Text:Question 1 Part B: You want to develop a new product and you want to make your money back as quickly as possible. There are four potential products that you can invest in. Project 1 Project 2 Project 3 Project 4 Initial Cost $60,000 $70,000 $77,500 $85,000 Annual $10,500 $16,000 $8,500 $15,000 Revenues Length of Ownership 6 4 9 10 Question 1 Part B: Provide the conventional payback period for Project 1. Enter your answer in the form: 1.23
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