Question: Rents Corp. is considering a project that would require an initial investment of $280,000 for a machine. The project's incremental annual cash inflows are $145,000

Rents Corp. is considering a project that would require an initial

Rents Corp. is considering a project that would require an initial investment of $280,000 for a machine. The project's incremental annual cash inflows are $145,000 and incremental cash outflows are $50,000. Annual depreciation on the machine is $21,000. The payback period of the investment is closest to: 1 0 0 0 0

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