Purchase cost $ 193,000 Annual net cash inflows that will be provided by the boat $ 50,700

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Purchase cost $ 193,000 Annual net cash inflows that will be provided by the boat $ 50,700 Life of the boat 10 years

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1-a. Compute the payback period for the boat. (Round your answer to 1 decimal place.)

Related Book For answer-question

Managerial Accounting

ISBN: 978-0697789938

13th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

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Posted Date: Jan 28, 2024 01:23 PM

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Purchase cost $ 193,000 Annual net cash inflows that will be provided by the boat $ 50,700

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Expert Answer:

Following the standard payback period formula and using ... View the full answer

Managerial Accounting

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