it will cost $3,900 to aquire a small ice cream cart. Net cash flow is expected to be $3,100 a year for five years. After the five years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. What is the payback period of the ice cream cart?

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To calculate the payback period of the ice cream cart we need to determine how long it will take for ... View the full answer