A company is considering investing £46,000 in a machine that will be operated for 4 years, after which time it will sell for £4,000. Depreciation is charged on a straight line basis. Forecast operating cashflows are £28,000, £35,000, £25,000 and £9,000.   What is the Payback Period and the ARR based on average investment?     PP ARR A 1.5 years 52% B 2.4 years 55% C 2.4 years 52% D 1.5 years 55%

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.