Question
Blossom Inc. plans to purchase equipment with a cost of $158,000. The company expects annual net cash inflows from the equipment of $37,200. The equipment
Blossom Inc. plans to purchase equipment with a cost of $158,000. The company expects annual net cash inflows from the equipment of $37,200. The equipment has an estimated life of 8 years, no salvage life and a required rate of return of 6%. The payback period for the equipment is?
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Financial Statement Analysis
Authors: K. R. Subramanyam, John J. Wild
10th edition
73379433, 73379432, 978-0073379432
