Business, 20.10.2021 08:50 gabbygunshows4530

A company is considering purchasing a machine that costs $ 600000 and is estimated to have no salvage value at the end of its 8-year useful life. If the machine is purchased, annual revenues are expected to be $ 250000 and annual operating expenses exclusive of depreciation expense are expected to be $ 46000. The straight-line method of depreciation would be used. The cash payback period on the machine is:. a. 3.9 years.
b. 8.0 years.
c. 2.9 years.
d. 1.9 years.

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