Jim's Renovation Services need to purchase a new super hydraulic machine to complete a new job.The initial investment on the machine is $250,000.The machine is expected to generate $130,000 in uniform cash flow each year and it has a five-year expected life.
Required
Compute the payback period.
A) 1 year
B) 1.25 years
C) 1.68 years
D) 1.92 years
E) 1.98 years
Correct Answer:
Verified
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