(Solved):Q: ) Grayson Compan…



) Grayson Company is considering purchase of equipment that costs $49,000 and is expected to offer annual cash inflows of $13,000.














Grayson’s minimum required rate of return is 10%. How many years must the cash flows last for the investment to be acceptable?














(Do not round your intermediate calculations. Round to nearest whole year.)




























A) 4














B) 5














C) 3














D) 6














Expert Answer:

Step 1


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