2013 2014 2015 2016 2017 6000 2000 4000 2000 1000 12000 Problem 1 Problem 2 Cost of new machine Required: In the space below, describe the net present value method of capital budgeting. Incremental revenue Required: Compute the average annual cash inflows. Compute the payback period using the accumulation method.

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2013 2014 2015 2016 2017 6000 2000 4000 2000 1000 12000 Problem 1 Problem 2 Cost of new machine Required: In the space below, describe the net present value method of capital budgeting. Incremental revenue Required: Compute the average annual cash inflows. Compute the payback period using the accumulation method. ?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

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