Bonneville Manufacturing Is Considering an Investment That Would Require an Initial

Bonneville Manufacturing is considering an investment that would require an initial net investment of $650,000.The following revenues/expenses relate exclusively to the investment:

The investment will have a residual value of $50,000 at the end of its 15 year useful life.What is the payback period for this investment?

A) 1.86 years
B) 3.07 years
C) 2.93 years
D) 2.48 years