The Brats'n'Jerky meat packing company is considering purchasing a new piece of equipment that will cut...

 

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The Brats'n'Jerky meat packing company is considering purchasing a new piece of equipment that will cut back on waste as well as save time. Savings from reduced waste are expected to be $2,894. It's expected that the new equipment will cut the number of hours required at the plant by 1,530 hours annually. The cost of one hour of labor $14. The cost of the piece of equipment being considered is $79,297. What is the expected payback on the piece of equipment being considered? Round your answer to one decimal place. The Brats'n'Jerky meat packing company is considering purchasing a new piece of equipment that will cut back on waste as well as save time. Savings from reduced waste are expected to be $2,894. It's expected that the new equipment will cut the number of hours required at the plant by 1,530 hours annually. The cost of one hour of labor $14. The cost of the piece of equipment being considered is $79,297. What is the expected payback on the piece of equipment being considered? Round your answer to one decimal place.

Answer rating: 100% (QA)

The payback period is the time it takes for an investment to generate enough ... View the full answer