Multiple Choice
An investment of $180,000 is expected to generate $100,000 in cost savings annually for three years.Assume straight-line depreciation is used.Ignore income taxes.What is the payback period?
A) 0.80 years
B) 1.80 years
C) 1.88 years
D) 3.00 years
Correct Answer:
Verified
Correct Answer:
Verified
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