If an equipment investment $10000 with a 5-year useful life and provided additional annual sales revenue of $4,500, expenses (excluding depreciation) of 55%, and the company is in a 20% tax bracket, what is the payback period in years? Straight line depreciation is used. Round your answer to the nearest 2 decimal places

Answer rating: 100% (QA)

To calculate the annual net cash flow we need to subtract the annual expenses depreciation and taxes ... View the full answer