Finance multiple problems assignment | Business & Finance homework help
1. Consider the following cash flows of two mutually exclusive projects for Spartan Rubber Company. Assume the discount rate for Spartan Rubber Company is 11 percent. Year Dry Prepreg Solvent Prepreg0 –$ 1,790,000 –$ 795,000 1 1,109,000 420,000 2 918,000 690,000 3 759,000 408,000 ________________________________________ a. What is the payback period for each project? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Payback period […]