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Compute the cash payback period for a capital investment. BE12.1 (LO 1), AP Rihanna Company is considering purchasing new equipment for $450,000. It is
Compute the cash payback period for a capital investment. BE12.1 (LO 1), AP Rihanna Company is considering purchasing new equipment for $450,000. It is expected that the equipment will produce net annual cash flows of $60,000 over its 10-year useful life. Annual depreciation will be $45,000. Compute the cash payback period.
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
