ABC Company is considering a ($500,000) investment to automate its production process. The new equipment will allow
Question:
ABC Company is considering a \($500,000\) investment to automate its production process. The new equipment will allow ABC to save \($75,000\) each year in labor costs. What is this project’s payback period?
a. 4.00 years.
b. 5.67 years.
c. 6.67 years.
d. 8.00 years.
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