The management of Charlton Corporation is considering the purchase of a new machine costing $380,000.The company's desired rate of return is 6%.The present value factor for an annuity of $1 at interest of 6% for 5 years is 4.212.In addition to the foregoing information,use the following data in determining the acceptability of this investment:
The cash payback period for this investment is

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The management of Charlton Corporation is considering the purchase of a new machine costing $380,000.The company's desired rate of return is 6%.The present value factor for an annuity of $1 at interest of 6% for 5 years is 4.212.In addition to the foregoing information,use the following data in determining the acceptability of this investment: ​
 The cash payback period for this investment is

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The Answer of The management of Charlton Corporation is considering the purchase of a new machine costing $380,000.The company's desired rate of return is 6%.The present value factor for an annuity of $1 at interest of 6% for 5 years is 4.212.In addition to the foregoing information,use the following data in determining the acceptability of this investment: ​
 The cash payback period for this investment is

The Management of Charlton Corporation Is Considering the Purchase of a New