Porter co. is analyzing two projects for the future. assume that only one project can be selected. project x project y cost of machine $ 68,000 $ 60,000 net cash flow: year 1 24,000 4,000 year 2 24,000 26,000 year 3 24,000 26,000 year 4 0 20,000 if the company is using the payback period method and it requires a payback of three years or less, which project should be selected

Company should go for project A.

Explanation: Payback period can be defined as time period taken by a firm from its cash inflows, to recover its initial outflow in that investment. It can be shown as follow :-  

Project X :-

The company  requires a payback of three years or less, therefore select Project X whose payback is 2.833 years.

Explanation:

Payback is the number of years it will take for the company to recover the initial investment.

Project X      

Year  Cash-flow  Balance

0        (68,000)      (68,000)

1          24,000        (44,000)

2          24,000     (20,000)

3         24,000     4,000  

4         -                4,000  

For Project X, at the end of year 2, the company still needs to recover $20,000.  At the end of year 3, the project is reflecting a positive cumulative balance, implying that payback was reached some month after year 2.

Project Y      

Year  Cash-flow  Balance  

0        (60,000)   (60,000)

1          4,000     (56,000)

2         26,000     (30,000)

3         26,000     (4,000)

4         20,000     16,000  

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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