Runnin' Wild Family Fun Center bought new go-karts for its recreation facility.The useful life is 6 years.The go-karts had a total cost of $5,100 and will generate $1,700 total cash inflows each year for the life of the go-karts.The residual value of the go-karts is $650.The payback period in years is closest to
A) 3.38.
B) 3.00.
C) 2.62.
D) 2.17.
Correct Answer:
Verified
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