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Ayayai Growth Farms, afarming cooperative, is considering purchasing atractor for $551,600. The machine has a 10 -year life and an estimated salvaze value of $37,000.

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Ayayai Growth Farms, afarming cooperative, is considering purchasing atractor for $551,600. The machine has a 10 -year life and an estimated salvaze value of $37,000. Delivery costs and set-up charpes will be $17.200 and $400, respectively. Ayayal Growth uses straight-line depreciation and has arequired rate of return of 9 es Ayayai Growth estimates that the tractor will be used five times a week with the avernge charge to the indidial farmers of Suco Fuel is 550 for each use of the tractor The presenit value of an anndity of 1 for 10 years at 9:5 is 6.41766 . clicklere to view py tables For the new tractor compute the (a) Canh paybsck period. Fround answer to 1 secimal places ea. 15.2. Cakpaybackperiod years eTextbook and Medla Attempts: 0 of 3 used (b) The parts of this queation must be completed in onder. This part will be avallable whep you complete the part above

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