Answered step by step
Verified Expert Solution
Link Copied!

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

46. GivenMX(t).2.3et.5e3t, ndp(x), E(X), V(X).

Answered: 1 week ago