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Cochlear Ltd is considering the purchase of new testing equipment that will cost $500,000. The...

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Finance

Cochlear Ltd is considering the purchase of new testing equipment that will cost $500,000. The new machine will generate after-tax savings of $250,000 per year for four years. If the companys cost of capital is 15% p.a., the discounted payback period (to 1 decimal place) of this investment is:

a.2.2 years

b.3 years

c.2.6 years

d.2 years

e.2.4 years

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