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Speedy Print Shop bought a new highminusspeed photo copier to offer customers the opportunity to...

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Question

Accounting

Speedy Print Shop bought a new

highminusspeed

photo copier to offer customers the opportunity to make

highminusquality

copies out of their digital pictures. Its useful life is 6 years. The copier cost $7,740 and will generate annual cash inflows of $2,150. The residual value of the copier is $1,320. The payback period in years is closest to

A.

2.23.

B.

4.21.

C.

3.60.

D.

2.99.

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