Question: answer fast & correct, ill rate good pls. A machine can be purchased for $240,000 and used for five years, yielding the following net incomes.
answer fast & correct, ill rate good pls.
A machine can be purchased for $240,000 and used for five years, yielding the following net incomes. In projecting net incomes, straight-line depreciation is applied using a five-year life and a zero salvage value. Compute the machine's payback period (ignore taxes). (Round your intermediate calculations to 3 decimal places and round payback period answer to 3 decimal places.)
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