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pduvin pduvin
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7 years ago
The net initial investment for a new mainframe computer is $2,000,000. Annual cash flows are expected to increase by $800,000 per year. The equipment has a 10-year useful life. What is the payback period?
A) 4.00 years
B) 2.50 years
C) 2.00 years
D) 1.75 years
E) 0.75 years
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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wrote...
#1
7 years ago
B
Explanation:  B) $2,000,000/$800,000 = 2.5 years
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