A food cart costs $4,500 and is expected to return $1,750 a year for three years and then be worthless.What is the payback period for this cart?
A)2.83 years
B)3.14 years
C)2.78 years
D)2.57 years
E)1.57 years

Question

Quizplus · Accepted Answer

The Answer of A food cart costs $4,500 and is expected to return $1,750 a year for three years and then be worthless.What is the payback period for this cart?
A)2.83 years
B)3.14 years
C)2.78 years
D)2.57 years
E)1.57 years

A Food Cart Costs $4,500 and Is Expected to Return