Question: Carol Rollins owner of Carollins is considering buying an ene

"Carol Rollins, owner of Carollins, is considering buying an energy efficient oven for her restaurant. However, she is concerned that the cost savings adequately offset the purchase price; she would prefer the project to have no more than a 2.5 year payback period. She is basing her decision on the following information:
Project Cost: $23,500
Cost Savings


Required:
1. Determine if Ms. Rollins should invest in this over.
2. If there was an estimated cash savings of $4,500 for each year, would this be purchased, based on the paybackcriterion?
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  • CreatedSeptember 19, 2013
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