Annie's Homemade is considering buying an ice cream truck at the beginning of April for $46,500. The ice cream truck's estimated monthly net cash inflows are as follows: April $ 2,000 May $ 6,000 June $ 8,000 July $ 12,000 August $ 14,000 September $ 9,000 October $ 7,000 November $ 1,000 

Required: 1. What is the ice cream truck's payback period in months?

Answer rating: 100% (QA)

The ice cream trucks payback period is 6 months Month Cash Inflow Accumulated Cash Inflow April 200... View the full answer