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Bridgeport Company is considering the purchase of a new machine. The invoice price of the machine is $83,030, freight charges are estimated to be $3,990,
Bridgeport Company is considering the purchase of a new machine. The invoice price of the machine is $83,030, freight charges are estimated to be $3,990, and installation costs are expected to be $7,600. The annual cost savings are expected to be $19,000 for 10 years, Calculate the cash payback period. (Round answer to 2 decimal places, eg. 15.25.) years eTextbook and Media
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