Brief Exercise 24-1

Rihanna Company is considering purchasing new equipment for $315,000. It is expected that the equipment will produce net annual cash flows of $45,000 over its 10-year useful life. Annual depreciation will be $31,500. Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.)

Cash payback period years

Brief Exercise 24-1 Rihanna Company is considering purchasing new equipment for $315,000. It is expected that the equipment will produce net annual cash flows of $45,000 over its 10-year useful life. Annual depreciation will be $31,500. Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.) Cash payback period years Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of S used SAVE FORLATER SUBMIT