Rural Feed Mill Pty Ltd is spending $250 000 to update its facility.The company estimates that this investment will improve its cash inflows by $56 500 a year for 10 years.What is the payback period?
A)4.24 years
B)5.05 years
C)4.13 years
D)4.42 years
E)The project never pays back.

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The Answer of Rural Feed Mill Pty Ltd is spending $250 000 to update its facility.The company estimates that this investment will improve its cash inflows by $56 500 a year for 10 years.What is the payback period?
A)4.24 years
B)5.05 years
C)4.13 years
D)4.42 years
E)The project never pays back.

Rural Feed Mill Pty Ltd Is Spending $250 000 to Update