You want to make an investment of $2,000,000 in new equipment which is expected to generate $230,000 in revenue per year. What is the simple payback period? Round off to 2 decimal places. (ex. 2.00, 2.33)

You want to make an investment of $2,000,000 in new equipment which is expected to generate $230,000 in revenue per year. What is the simple payback period? Round off to 2 decimal places. (ex. 2.00, 2.33)

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter19: Capital Investment

Section: Chapter Questions

Problem 19E

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Question

You want to make an investment of $2,000,000 in new equipment which
is expected to generate $230,000 in revenue per year. What is the simple
payback period? Round off to 2 decimal places. (ex. 2.00, 2.33)
Your answer

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