Question
Grayson Corp. is considering the purchase of a piece of equipment that costs $29,233. Projected net annual cash flows over the project's life are: Year
Grayson Corp. is considering the purchase of a piece of equipment that costs $29,233. Projected net annual cash flows over the project's life are:
| Year | Net Annual Cash Flow |
| 1 | $5,181 |
| 2 | 16,784 |
| 3 | 19,816 |
| 4 | 19,675 |
The cash payback period is _______ . Round your answer by two decimals
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
