Following is information pertaining to an investment made in an equipment by Sunset Incorporation. Using the given information calculate the payback period of the investment. Round the answer to 2 decimal places. Initial Investment $210,000 Useful life 10 years Salvage Value Annual net income generated Cost of Capital $25,000 S18.900 11% a. 9 years b. 5.16 years c. 5.61 years d. 11.11 years

Following is information pertaining to an investment made in an equipment by Sunset Incorporation. Using the given information calculate the payback period of the investment. Round the answer to 2 decimal places. Initial Investment $210,000 Useful life 10 years Salvage Value Annual net income generated Cost of Capital $25,000 S18.900 11% a. 9 years b. 5.16 years c. 5.61 years d. 11.11 years

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter12: Professional Venture Capital

Section: Chapter Questions

Problem 5EP

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