A florist is buying a number of motorcycles to expand its delivery service. These will cost $82,000 but are expected to increase profits by $4,000 per month over the next four years. What is the payback period in this case? A. 8.2 months B. 20.5 months C. 12.3 months D. 15.38 months
A florist is buying a number of motorcycles to expand its delivery service. These will cost $82,000 but are expected to increase profits by $4,000 per month over the next four years. What is the payback period in this case? A. 8.2 months B. 20.5 months C. 12.3 months D. 15.38 months
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 30P
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