Actol Ltd,a printing business,intends purchasing a new computerised printing machine for $800,000.The annual cash flows from the new machine are expected to be $150,000 per year.The machine has an eight-year useful life.The payback period is:
A) 8 years.
B) 5.33 years.
C) 5 years.
D) 6 years.
Correct Answer:
Verified
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