Question: can someone explain why this is wrong? I'm not entirely sure why. Required information (The following information applies to the questions displayed below.) Project A

can someone explain why this is wrong? I'm not entirely sure why.

can someone explain why this is wrong? I'm not entirely sure why.

Required information (The following information applies to the questions displayed below.) Project A requires a $345,000 initial investment for new machinery with a five-year life and a salvage value of $33,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $26,200 per year for the next five years. Compute Project A's payback period. Answer is complete but not entirely correct. Choose Numerator: Cost of investment Payback Period Choose Denominator: Annual net cash flow $ 26,200 = = = Payback Period Payback period 13.17 years 345,000

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