George William buys a machine for his business.The machine costs $150,000.George estimates that the machine can produce $40,000 cash inflow per year for the next five years.George's cost of capital is 10 percent.What is the payback for this investment?
A) 3) 75 years
B) 5 years
C) 1) 25 years
D) 9) 43 years
Correct Answer:
Verified
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