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When evaluating international investment projects, Checks Inc. imposes a payback cutoff of three years. Year Cash Flow (A) Cash Flow (B) 0 -$ 40,000 -$ 55,000 1234 14,000 11,000 18,000 13,000 17,000 16,000 4 11,000 255,000 What is the payback period for both projects? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Project A Project B years years Which project should the company accept? O Project B O Project A

When evaluating international investment projects, Checks Inc. imposes a payback cutoff of three years. Year Cash Flow (A) Cash Flow (B) 0 -$ 40,000 -$ 55,000 1234 14,000 11,000 18,000 13,000 17,000 16,000 4 11,000 255,000 What is the payback period for both projects? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Project A Project B years years Which project should the company accept? O Project B O Project A

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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When evaluating international investment projects, Checks Inc. imposes a payback cutoff of three years. Year Cash Flow (A) Cash Flow (B) 0 -$ 40,000 -$ 55,000 1234 14,000 11,000 18,000 13,000 17,000 16,000 4 11,000 255,000 What is the payback period for both projects? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Project A Project B years years Which project should the company accept? O Project B O Project A
Transcribed Image Text:When evaluating international investment projects, Checks Inc. imposes a payback cutoff of three years. Year Cash Flow (A) Cash Flow (B) 0 -$ 40,000 -$ 55,000 1234 14,000 11,000 18,000 13,000 17,000 16,000 4 11,000 255,000 What is the payback period for both projects? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Project A Project B years years Which project should the company accept? O Project B O Project A
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