Question: A new process for a manufacturing process will have a first cost of $45,000 with annual costs of $38,000. Extra income associated with the new

A new process for a manufacturing process will have a first

A new process for a manufacturing process will have a first cost of $45,000 with annual costs of $38,000. Extra income associated with the new process is expected to be $62,000 per year. What is the discounted payback period at i=12% per year? 2.84 3.23 2.25 4.52

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