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Krate Incorporated is considering a $635,000 investment in new equipment that is anticipated to produce...

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Accounting

Krate Incorporated is considering a $635,000 investment in new equipment that is anticipated to produce the following net cash inflows:

YearNet Cash Inflows1$ 120,0002240,0003110,000460,0005140,000

If cash flows occur evenly throughout a year, the equipment's payback period is:

4 years 8 months.

4 years 9 months.

4 years 10 months.

5 years.

None of these options is correct.

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