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5 You are asked to approve or deny a request to purchase a new printer which costs 32,000 now but will increase efficiency and save

5 You are asked to approve or deny a request to purchase a new printer which costs
32,000 now but will increase efficiency and save $6,000 cash/year for the next 6 years and can be
sold after 6 years for $2,000. The discount rate is 12%
Approve Deny (show why using Net Present Value)
6 In number 5, above, what would be the cash payback period.
Round to one decimal point.

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