The management of Lanzilotta Corporation is considering a project that would require an investment of $228,000 and would last for 6 years. The annual net operating income from the project would be $108,000, which includes depreciation of $29,000. The scrap value of the project's assets at the end of the project would be $15,000. The cash inflows occur evenly throughout the year.
The payback period of the project is closest to (Ignore income taxes.) : (Round your answer to 1 decimal place.)
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The management of Lanzilotta Corporation is considering a project that would require an investment of $228,000 and would last for 6 years. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » The management of Lanzilotta Corporation is considering a project that would require an investment of $228,000 and would last for 6 years. The annual net operating income from the project would be $108,000, which includes depreciation of $29,000.