Question: Rents Corp. is considering a project that would require an initial investment of $270,000 for a machine. The project's incremental annual cash inflows are $125,000

Rents Corp. is considering a project that would require an initial investment of $270,000 for a machine. The project's incremental annual cash inflows are $125,000 and incremental cash outflows are $62,000. Annual depreciation on the machine is $23,000. The payback period of the investment is closest to: closest to: Multiple Choice 0 0 0 0

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