Question
Dutch's Donut Shop is considering an investment of $72,000. Data related to the investment are as follows: Year Cash Inflows 1 $20,000 2 22,000 3
Dutch's Donut Shop is considering an investment of $72,000. Data related to the investment are as follows:
Year
Cash Inflows
1
$20,000
2
22,000
3
24,000
4
30,000
5
30,000
The investments payback period (rounded to two decimal points) is:
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry I. Wolk, James L. Dodd, John J. Rozycki
9th edition
9781483375014, 1483375013, 9781506300108, 1506300103, 978-1483375021
