Larkspur Company has identified that the cost of a new computer will be $42000, but with the use of the new computer, net income will increase by $5000 a year. If depreciation expense is $3000 a year, the cash payback period is:

8.4 years.

5.3 years.

21.0 years.

14.0 years.

Answer rating: 100% (QA)

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