Multiple Choice
A piece of equipment costing $108 000 is expected to generate $16 000 annually in cash inflows during its life of 6 years. The payback in years is:
A) 6.25 years.
B) 6.75 years.
C) 9.60 years.
D) 2.34 years.
Correct Answer:
Verified
Correct Answer:
Verified
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