Business
Business, 24.06.2020 22:01, MathChic68

Prime Financial Inc. is evaluating two capital investment proposals for a drive-up ATM kiosk, each requiring an investment of $100,000 and each with an eight-year life and expected total net cash flows of $200,000. Location 1 is expected to provide equal annual net cash flows of $25,000, and Location 2 is expected to have the following unequal annual net cash flows:Year 1 $45,000 Year 5 $24,000Year 2 34,000 Year 6 18,000Year 3 21,000 Year 7 14,000Year 4 32,000 Year 8 12,000Determine the cash payback period for both location proposals. Location 1 yearsLocation 2 years

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