Question: 9. It will cost $4,000 to acquire a small coffee cart. Cart sales are expected to be $1,200 a year for four years. What is

9. It will cost $4,000 to acquire a small coffee cart. Cart sales are expected to be $1,200 a year for four years. What is the payback period of the coffee cream cart? (a) 4 years (b) 3.67 years (c) 3 years (d) 3.33 years

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