Homework 4

Question 4 Of 6 - 12 View Policies Current Attempt in Progress Cullumber Company is considering purchasing new equipment for $600,300. It is expected that the equipment will produce net annual cash flows of $69,000 over its 10-year useful life. Annual depreciation will be $60,030. Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.) Cash payback period years eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 50% score reduction after attempt 2