Under which of the following decision rules will this project be accepted? Which decision rules are associated with a project rejection? Payback Rule; three year cut-off point. Discounted Payback Rule; three year cut-off point; assume that the discount rate, r=7% Internal Rate of Return Rule; 7% required internal rate of return. Net Present Value Rule.(Assume a 5% discount rate) Profitability Index Rule. (Assume a 5% discount rate) The most appropriate rule.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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XYZ is considering investing in a new and cooking machine at an initial cost of $100,000. After close examination of the investment proposal, the firm’s CFO has determined that the expected after-tax cash flows from this operation for the next 5 years will be as followed:

 

Year     Cash Flow

1          $10,000

2          $40,000

3          $40,000

4          $40,000

5          $10,000

 

Under which of the following decision rules will this project be accepted? Which decision rules are associated with a project rejection?

  1. Payback Rule; three year cut-off point.
  2. Discounted Payback Rule; three year cut-off point; assume that the discount rate, r=7%
  3. Internal Rate of Return Rule; 7% required internal rate of return.
  4. Net Present Value Rule.(Assume a 5% discount rate)
  5. Profitability Index Rule. (Assume a 5% discount rate)
  6. The most appropriate rule.
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