Chrome Dome Hair Products manufactures a wide range of shampoos and conditioners. The company has the reputation for delivering high-quality products on time. Each month the CFO, Dan Druff, issues a production efficiency report. The data compiled on these reports for the third quarter of 2020 appear below.

50 VIII. (3 pts.) Stanton Industries provides the following data for one of its investments: Initial investment $250,000 Annual cash inflow 74,000 250,000 Salvage value after 7 years 22,000 Depreciation method straight line Payback period = yrs