Multiple Choice
If an asset cost $210,000 and is expected to have a $30,000 salvage value at the end of its ten-year life, and generates annual net cash inflows of $30,000 each year, the cash payback period is
A) 8 years.
B) 7 years.
C) 6 years.
D) 5 years.
Correct Answer:
Verified
Correct Answer:
Verified
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