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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
Paramount Carpets is considering purchasing new equipment costing $730,000. The company's management has estimated that the equipment will generate cash flows as follows:

Year 1   $204,000
2   204,000
3   266,000
4   266,000
5   150,000

Considering the residual value is zero, calculate the payback period. (Round your answer to two decimal places.)
A) 4.61 years
B) 3.21 years
C) 3.70 years
D) 3.42 years
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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#2
7 years ago
Thanks!
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#3
3 years ago
thanks
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