Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A project requires an initial purchase of a machine for $10,000 and working capital of 5000$.The project will generate revenue of $2,500 per year. What
A project requires an initial purchase of a machine for $10,000 and working capital of 5000$.The project will generate revenue of $2,500 per year. What is the payback of the project?
A. 4 years
B 6 years
C 25%
D 2 years
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started