A firm is evaluating a proposal which has an initial investment ...

[formula1]

A firm is evaluating a proposal which has an initial investment of 50,000 and has cash flows of 15,000 per year for five years. The payback period of the project is ________.
 
  A) 1.5 years
  B) 2 years
  C) 3.3 years
  D) 4 years

Question 2

How long would it take for you to save an adequate amount for retirement if you deposit 40,000 per year into an account beginning today that pays 12 percent per year if you wish to have a total of 1,000,000 at retirement?
 
  A) 12.2 years
  B) 10.5 years
  C) 14.8 years
  D) 11.5 years

[Madisongo23]

Answer to Question 1

C

Answer to Question 2

D

[formula1]

Thanks for the timely response, appreciate it

[Hdosisshsbshs]

TYSM