Griffith Vehicle has received three proposals for its new ...

[ts19998]

Griffith Vehicle has received three proposals for its new vehicle-painting machine. Information on each proposal is as follows:

​	Proposal X	Proposal Y	Proposal Z
Initial investment in equipment	$240,000	$150,000	$190,000
Working capital needed	0	0	10,000
Annual cash saved by operations:	​	​	​
Year 1	80,000	50,000	80,000
Year 2	80,000	42,000	80,000
Year 3	80,000	46,000	80,000
Year 4	80,000	24,000	80,000
Salvage value end of year:	​	​	​
Year 1	100,000	80,000	60,000
Year 2	80,000	60,000	50,000
Year 3	40,000	40,000	30,000
Year 4	10,000	20,000	15,000
Working capital returned	0	0	10,000

 
Required: 
Determine each proposal's payback.

[lauravaras]

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[ts19998]

Wow, this really help

[nyrave]

Thanks for the timely response, appreciate it