Oriental Corporation has gathered the following data on a proposed investment project: The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment.The payback period for the investment would be: (Round your answer to 1 decimal place.)
A) 0.1 years
B) 1.0 years
C) 5.4 years
D) 7.4 years

Question

Oriental Corporation has gathered the following data on a proposed investment project:  The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment.The payback period for the investment would be: (Round your answer to 1 decimal place.)
A) 0.1 years 
B) 1.0 years 
C) 5.4 years 
D) 7.4 years

Quizplus · Accepted Answer

The Answer of Oriental Corporation has gathered the following data on a proposed investment project:  The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment.The payback period for the investment would be: (Round your answer to 1 decimal place.)
A) 0.1 years 
B) 1.0 years 
C) 5.4 years 
D) 7.4 years

Oriental Corporation Has Gathered the Following Data on a Proposed