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Business, 27.03.2020 22:36 avasteinhebel10

A piece of equipment costs $30,000, and is expected to generate $8,500 of annual cash revenues and $1,500 of annual cash expenses. The disposal value at the end of the estimated 10-year life is $3,000. Ignoring income taxes, the payback period is:

A. 3.53 years
B. 3.86 years
C. 4.29 years
D. 6.98 years

some other period of time not noted

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