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Quary Company is considering an investment in machinery with the following information.
| Initial investment | $ 236,000 | | Materials, labor, and overhead (except depreciation) | $ 53,100 |
| Useful life | 9 | years | DepreciationMachinery | 24,000 |
| Salvage value | $ 20,000 | | Selling, general, and administrative expenses | 5,900 |
| Expected sales per year | 11,800 | units | Selling price per unit | $ 10 |
(a) Compute the investments annual income and annual net cash flow. ( I tried answering, but no sure if they are correct)
(b) Compute the investments payback period. ( I tried answering, but no sure if they are correct)
Compute the investment's annual income and annual net cash flow. Compute the payback period for this investment
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