Foster Company is considering an investment that requires immediate payment of $360,000 and provides expected cash inflows

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Foster Company is considering an investment that requires immediate payment of $360,000 and provides expected cash inflows of $120,000 annually for four years. What is the investment’s payback period?

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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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Question Posted: May 17, 2012 04:34 AM

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Foster Company is considering an investment that requires immediate payment of $360,000 and provides expected cash inflows

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Managerial Accounting

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