TB Problem Qu. 13-146 The management of Truelove Corporation... The management of Truelove Corporation is...
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Accounting
TB Problem Qu. 13-146 The management of Truelove Corporation... The management of Truelove Corporation is considering a project that would require an initial investment of $322,990 and would last for 7 years. The annual net operating income from the project would be $28,100, including depreciation of $42,270. At the end of the project, the scrap value of the project's assets would be $27,100. (Ignore income taxes.): Required: Determine the payback period of the project. (Round your answer to 2 decimal places.) Payback period years
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