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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Alexander Industries, in Chicago, plans to take advantage of the winds blowing in from Lake Michigan. Alexander is developing a project to install a wind turbine that would generate electricity and reduce energy costs. The turbine would have an initial cost of $500,000 and would provide a net cost savings of $57,000 per year. The turbine will have a life of 25 years.

What is the payback period, in years, for the wind turbine?
A) 9.08 years
B) 28.75 years
C) 25 years
D) 8.77 years
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
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8 years ago
Just got PERFECT on my quiz
shelbycox
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Yesterday
Smart ... Thanks!
Harvinder
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2 hours ago
Brilliant ツ
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