Question
Blossom Corp. is considering the purchase of a piece of equipment that costs $30000. Projected net annual cash flows over the project's life are: Year
Blossom Corp. is considering the purchase of a piece of equipment that costs $30000. Projected net annual cash flows over the project's life are:
Year Net Annual Cash Flow
1 $8000
2 15000
3 25000
4 9000
The cash payback period is
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Managerial Accounting
Authors: James Jiambalvo
3rd Edition
0470038152, 978-0470038154
