State Machine Company is considering the proposed acquisitio…

State Machine Company is considering the proposed acquisition of a new metal-cutting machine for cowbell production.  The required initial investment of $75,000 and the projected cash benefits over the project’s 3-year life are as follows:  End of Year                 Net Cash Flow          0                              -$75,000          1                                 24,400          2                                 27,340          3                                 55,760  The president of the company has asked you to determine how long it will take for the new machine to pay for itself.  Use the discounted payback method to determine the payback period. Assume i=12%. 

Passengers flying out of the Golden Triangle arrive to the a…

Passengers flying out of the Golden Triangle arrive to the airport security at a rate of 12 per period. There is one airport security scanning station, it is capable of scanning 15 passengers per period. Assuming a Poisson distribution for arrivals and an exponential distribution for the service time, respond to the following questions 13.1, 13.2, 13.3, 13.4, and 13.5