The directors of Boggust and Berlin Limited are currently appraising a proposed investment in a machine.Relevant information is as follows
Which one of the following statements is correct?
The payback period for the proposed investment is (to the nearest month) :
A) 3 years and 7.4 months
B) 2 years and 4.6 months
C) 5 years
D) 3 years and 4.6 months
Correct Answer:
Verified
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