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39) Managerial Financial Accounting Assignments AE9-14 Solution

39) Managerial Financial Accounting Assignments AE9-14 Solution

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AE9-14
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Incorrect. Calculate the Payback Period [LO 6] The Sunny Valley Wheat Cooperative is considering the construction of a new silo. It will cost $95,000 to construct the silo. Determine the payback period if the expected cash inflows are $20,000 per year. (Enter the final answer to 2 decimal places, e.g. 7.23.)
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Unformatted text preview: Payback period [no answer] years Click here if you would like to Show Work for this question AE9-14 The payback period is 4.75 years as follows: Cost $95,000 Cash inflows 20,000 Cost ÷ Cash inflows = Payback period 4.75 years...
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