Question
A florist plan to invest in a number of bicycles to expand its delivery service. These will cost $17,100 upfront, but are expected to
A florist plan to invest in a number of bicycles to expand its delivery service. These will cost $17,100 upfront, but are expected to increase profits by $4,500 per year over the next 6 years. What is the payback period of this investment?
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Valuation The Art and Science of Corporate Investment Decisions
Authors: Sheridan Titman, John D. Martin
3rd edition
133479528, 978-0133479522
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