Patel Ltd is considering opening a new store. The expected purchase price is 270,000, expected annual...

 

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Patel Ltd is considering opening a new store. The expected purchase price is £270,000, expected annual revenues are £150,000, and expected annual costs are £90,000, including £22,500 of depreciation. The store has a payback period of approximately: Select one: O a. 1.8 years O b. 3.3 years O c. 3.0 years O d. 4.5 years Patel Ltd is considering opening a new store. The expected purchase price is £270,000, expected annual revenues are £150,000, and expected annual costs are £90,000, including £22,500 of depreciation. The store has a payback period of approximately: Select one: O a. 1.8 years O b. 3.3 years O c. 3.0 years O d. 4.5 years

Answer rating: 100% (QA)

Answer Auf Correct Option 1b 33 years Explanation Payba... View the full answer