Speedy Print Shop bought a new high-speed photo copier to offer customers the opportunity to make high-quality copies out of their digital pictures.Its useful life is 6 years.The copier cost $7,740 and will generate annual cash inflows of $2,150.The residual value of the copier is $1,320.The payback period in years is closest to
A) 4.21.
B) 3.60.
C) 2.99.
D) 2.23.
Correct Answer:
Verified
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