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A company is considering the purchase of a new piece of equipment for $91.000. It is expected to produce the following net cash flows. The
A company is considering the purchase of a new piece of equipment for $91.000. It is expected to produce the following net cash flows. The payback period is: Year 1 Year 2 Year 3 Year 4 Year 5 Net cash flows $36,500$30,500$18,500$12,500$6,500 2.98 years. 2.49 years. 4.44 years. 3.44 years. 3.72 years
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