Boccardi Inc., has invested in new pasta manufacturing equipment at a cost of $48,000. The equipment has an estimated useful life of eight years. Estimated annual sales and operating expenses related to the pasta equipment follow: The estimated payback of the investment in the pasta equipment is:
A) 3.0 years.
B) 4.0 years.
C) 6.0 years.
D) 8.0 years.
Correct Answer:
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