Author Question: Griffith Vehicle has received three proposals for its new vehicle-painting machine. Information on ... (Read 38 times)

ts19998 · **on:** Mar 6, 2021

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 · **Reply #1 on:** Mar 6, 2021

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