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An asset costs $144000 and is expected to have a $24000 salvage value at the end of its 10-year life. Straight-line depreciation will be used.
An asset costs $144000 and is expected to have a $24000 salvage value at the end of its 10-year life. Straight-line depreciation will be used. The asset is expected to generates net cash inflows of $24000 each year. The cash payback period for the asset is
a- 5 years.
b- 7 years.
c- 4 years.
d- 6 years.
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