Question
Christopher Electronics bought new machinery for $5,120,000 million. This is expected to result in additional cash flows of $1,220,000 million over the next 7 years.
Christopher Electronics bought new machinery for $5,120,000 million. This is expected to result in additional cash flows of $1,220,000 million over the next 7 years. What is the payback period for this project? Their acceptance period is five years.
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Foundations Of Finance
Authors: Arthur J Keown, John D Martin, J William Petty
7th Edition
0133370356, 9780133370355
