Glare Company is considering the purchase of a new machine for $150,000. The machine generates annual revenues
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Question:
Glare Company is considering the purchase of a new machine for $150,000. The machine generates annual revenues of $62,500 and annual expenses of $42,000, which include $8,100 of depreciation. What is the payback period in years on the machine approximated to one decimal point?
- 2.1 years
- 43 years
- 5.2 years
- 1.4 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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