Barcode Biz has invested in new machinery at a cost of $1,450,000. This investment is expected to
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Barcode Biz has invested in new machinery at a cost of $1,450,000. This investment is expected to produce cash flows of $640,000, $715,250, $823,330, and $907,125 over the next four years. What is the payback period for this project (rounded to two decimal places)? Select one:
A. 2.12 years
B. 1.88 years
C. 4.00 years
D. 3.00 years.
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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