Joanne,Inc.is evaluating two possible investments in depreciable plant assets.The company uses the straight-line method of depreciation.The following information is available:
Calculate the payback period for Investment B.(Round your answer to two decimal places. )
A) 3.33 years
B) 1.83 years
C) 3.81 years
D) 5.24 years
Correct Answer:
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