Calculate the simple payback period for this project

Deliverable Length: 1 Excel spreadsheet with answers to all questions OBJECTIVESThis assignment will be submitted in the Unit 4 – Submission Assignment lesson in intellipath. Please submit your as

Deliverable Length:

1 Excel spreadsheet with answers to all questions

OBJECTIVESThis assignment will be submitted in the Unit 4 – Submission Assignment lesson in intellipath.

Please submit your assignment.

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Please submit your work to this week’s Intellipath Unit Submission lesson. Click the Upload button within the submission lesson to access the submission area. Click the Select File button to upload your document, and then click “OK” to finish.Assignment DetailsDeal or No Deal?Your neighborhood self-service laundry is for sale and you consider investing in this business. For the business alone and no other assets (such as building and land), the purchase price is $240,000. The net cash flows for the project are $30,000 per year for the next 5 years. You plan to borrow the money for this investment at 5%.

  1. Prepare a net present value calculation for this project. What is the net present value of this project?
  2. Calculate the simple payback period for this project. Your desired payback period is 5 years. How long is the payback period for this project?
  3. Is this a good investment? What would be a good price at which to purchase this business?

Submit an Excel spreadsheet which must include the answers to all 3 questions:  1) A Net Present Value calculation, 2) a Simple Payback Period calculation,  and 3) the answer to question regarding whether this is a good investment and what the best price should be.The use of 1 scholarly source (e.g., textbook, article from the CEC Library) is required.

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