Question 27 of 30 < > View Policies Current Attempt in Progress -/0.1 E: Sandhill Bancorp has made an investment in banking software at a cost of $1,806,200. If management expects productivity gains and cost savings to generate additional cash flows of $586,900, $657,600, $491,600, and $382,760 over the next four years, what is the investment's payback period? (Round answer to 2 decimal places, e.g. 15.25.) Payback period is eTextbook and Media Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 2 years Attempts: 0 of 3 used Submit Answer

Question 27 of 30 < > View Policies Current Attempt in Progress -/0.1 E: Sandhill Bancorp has made an investment in banking software at a cost of $1,806,200. If management expects productivity gains and cost savings to generate additional cash flows of $586,900, $657,600, $491,600, and $382,760 over the next four years, what is the investment's payback period? (Round answer to 2 decimal places, e.g. 15.25.) Payback period is eTextbook and Media Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 2 years Attempts: 0 of 3 used Submit Answer

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter23: Other Topics In Working Capital Management

Section: Chapter Questions

Problem 2P: Optimal Cash Transfer Barenbaum Industries projects that cash outlays of 4.5 million will occur...

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