Fast Foto bought a new high-speed photo copier to offer customers the opportunity to make high-quality copies out of their digital pictures. Its useful life is 7 years. The copier cost $7710 and will generate annual cash inflows of $2110. The residual value of the copier is $1250. The payback period in years is closest to
A) 6) 17.
B) 3) 65.
C) 3) 06.
D) 2) 65.
Correct Answer:
Verified
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