If a copy center is considering the purchase of a new copy machine with an initial investment cost of $186,300 and the center expects an annual net cash flow of $23,000 per year, what is the payback period? years

If a copy center is considering the purchase of a new copy machine with an initial investment cost of $186,300 and the center expects an annual net cash flow of $23,000 per year, what is the payback period? years

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3EA: If a copy center is considering the purchase of a new copy machine with an initial investment cost...

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Question

If a copy center is considering the purchase of a new copy
machine with an initial investment cost of $186,300 and
the center expects an annual net cash flow of $23,000 per
year, what is the payback period?
years

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