Question
Christopher Electronics bought new machinery for $5,030,000 million. This is expected to result in additional cash flows of $1,230,000 million over the next 7 years.
Christopher Electronics bought new machinery for $5,030,000 million. This is expected to result in additional cash flows of $1,230,000 million over the next 7 years. What is the payback period for this project? Their acceptance period is five years.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
