Logan, Inc. is evaluating two possible investments in depreciable plant assets. The company uses the straight-line method of depreciation. The following information is available:
The present value factors of $1 due 3 years from now:
-How long is the payback period for Investment B?
A) 0.44 years
B) 2.25 years
C) 2.35 years
D) 3.00 years
Correct Answer:
Verified
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