Buster Corporation is evaluating a capital investment project which would require an initial investment of $285,000 to purchase machinery.The annual revenues and expenses generated solely by this project each year during the project's nine year life would be:
The residual value of the machinery at the end of the nine years would be $15,000.The payback period of this potential project in years would be closest to
A) 1.6.
B) 3.1.
C) 3.7.
D) 4.6.
Correct Answer:
Verified
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