Fast Food, Incorporated, has purchased a new donut maker. It cost $16,000 and has an estimated life of 10 years. The following annual donut sales and expenses are projected (Ignore income taxes.): Assume cash flows occur uniformly throughout a year except for the initial investment.The payback period on the new machine is closest to:

Question

Fast Food, Incorporated, has purchased a new donut maker. It cost $16,000 and has an estimated life of 10 years. The following annual donut sales and expenses are projected (Ignore income taxes.):  Assume cash flows occur uniformly throughout a year except for the initial investment.The payback period on the new machine is closest to:

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The Answer of Fast Food, Incorporated, has purchased a new donut maker. It cost $16,000 and has an estimated life of 10 years. The following annual donut sales and expenses are projected (Ignore income taxes.):  Assume cash flows occur uniformly throughout a year except for the initial investment.The payback period on the new machine is closest to:

Fast Food, Incorporated, Has Purchased a New Donut Maker