Question
ABC Company has recently bought a new capital asset for $250,000. The asset will generate $50,000 for the next 7 years. What is the cash
ABC Company has recently bought a new capital asset for $250,000. The asset will generate $50,000 for the next 7 years. What is the cash payback period using the formula method?
Select one:
a. 2 years
b. 5 years
c. 3 years
d. 7 years
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
