If a copy center is considering the purchase of a new copy machine with an initial investment cost of $148,546 and the center expects an annual net cash flow of $14,877 per year, what is the payback period? Round to the nearest tenth, one decimal place.
If a copy center is considering the purchase of a new copy machine with an initial investment cost of $148,546 and the center expects an annual net cash flow of $14,877 per year, what is the payback period? Round to the nearest tenth, one decimal place.
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3EA: If a copy center is considering the purchase of a new copy machine with an initial investment cost...
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If a copy center is considering the purchase of a new copy machine with an initial investment cost of $148,546 and the center expects an annual net cash flow of $14,877 per year, what is the payback period? Round to the nearest tenth, one decimal place.
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