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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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9 years ago
The net initial investment for a piece of construction equipment is $3,000,000. Annual cash inflows are expected to increase by $500,000 per year. The equipment has an 8-year useful life. What is the payback period?
A) 8 years
B) 6.5 years
C) 6 years
D) 5 years
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
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cyborgcyborg
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#1
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9 years ago
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jerico Author
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#2
9 years ago
This solved my problem perfectly, thank you for your kind input.
wrote...
#3
9 years ago
Cool! No problem.
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