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A piece of equipment costs $35,000, and is expected to generate $8,600 of annual cash revenues and $1,900 of annual cash expenses. The disposal value
A piece of equipment costs $35,000, and is expected to generate $8,600 of annual cash revenues and $1,900 of annual cash expenses. The disposal value at the end of the estimated 10-year life is $2,000. Ignoring income taxes, the payback period is: Multiple Choice 4.07 yoars. 4.93 years. 522 years. 714 years. Multiple Choice 4.07 years. 4.93 years: 5.22 years. 714 years: None of these options is correct
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