Question
Food Harvesting Corporation is considering purchasing a machine for $1,764,000. The machine is expected to generate a constant after-tax income of $103,600 per year for
Food Harvesting Corporation is considering purchasing a machine for $1,764,000. The machine is expected to generate a constant after-tax income of $103,600 per year for 15 years. The firm will use straight-line (SL) depreciation for the new machine over 10 years with no residual value.
What is the payback period for the new machine? (Round your answer to two decimal places.)
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The Organisational Leadership Audit
Authors: William Tate
1st Edition
0955970717, 978-0955970719
