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Harpo Bakery, is considering the purchase of a convection oven that would cost $76,000, have a useful life of 8 years, and no salvage value.

Harpo Bakery, is considering the purchase of a convection oven that would cost $76,000, have a useful life of 8 years, and no salvage value. The new oven would result in additional net cash inflows of $19,000 per year. The payback period for the convection oven is: 2.5 years 4 years 5.5 years 3 years

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