Multiple Choice
Finer Company is considering the acquisition of a machine that costs $150,000.The machine is expected to have a useful life of 6 years,a negligible residual value,an annual cash flow of $30,000,and annual operating income of $35,000.What is the estimated cash payback period for the machine?
A) 4.3 years
B) 3 years
C) 5 years
D) 6 years
Correct Answer:
Verified
Correct Answer:
Verified
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