A piece of equipment costs $31,000, and is expected to generate $8,600 of annual cash...
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Accounting
A piece of equipment costs $31,000, and is expected to generate $8,600 of annual cash revenues and $1,900 of annual cash expenses. The disposal value at the end of the estimated 9-year life is $2,000. Ignoring income taxes, the payback period is:
A. SOME OTHER PERIOD OF TIME NOT NOTED
B. 4.33 YEARS
C.6.30 YEARS
D.3.60 YEARS
E.4.63 YEARS
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