Apex Company invested $14,400 in new equipment. The more efficient new equipment was expected to reduce operating cash outflows over the next five years by the following:

yr1 = $8000 yr2= $6000 yr3= $5000 yr4= $6000 yr5= $5000

Using the averaging method, the payback period for the investment in the oven would be:
A) 3.0 years B) 2.4 years C) 2.0 years D) 1.7 years

 

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