Peter Piper's Pickle Plant wants to buy a new pickler that will pickle more batches at once.
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Question:
Peter Piper's Pickle Plant wants to buy a new pickler that will pickle more batches at once. The cost of the pickler is $30,000. The net cash flows resulting from the investment are as follows: Year 1: $10,000; Year 2: $9,000; Year 3: $5,000; Year 4: $4,000; Year 5: $3,000; Year 6: $2,500. Compute the payback period for this project.
Group of answer choices
5.23
6.00
5.00
4.67
Related Book For
Advanced Accounting
ISBN: 978-1934319307
2nd edition
Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III
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