What is the payback if an investment’s cost is $45,000 and the after-tax benefit is $2,000 per year?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 7MC: Cochran also has asked you to estimate Computrons EVA. She estimates that the after-tax cost of...
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What is the payback if an investment’s cost is $45,000 and the after-tax benefit is $2,000 per year?

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