Multiple Choice
An initial investment of $180,000 is expected to generate $100,000 in annual cost savings over the asset's expected 3-year life.Assume straight-line depreciation and ignore income taxes.The payback period is _____.
A) 3.0 years
B) 0.88 years
C) 1.80 years
D) none of these answers is correct
Correct Answer:

Verified
Correct Answer:
Verified
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