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It will cost $59,185 to acquire a small ice cream truck. Truck sales are expected to be $15,000 a year for 8 years. After 8
It will cost $59,185 to acquire a small ice cream truck. Truck sales are expected to be $15,000 a year for 8 years. After 8 years, the truck is expected to be worthless as that is the expected remaining life of the cooling system. What is the discounted payback period of the ice cream truck if the discount rate is 5% ? (Do not round intermediate calculations; round your final answer to 2 decimal places, e.g., 32.16. Do NOT include "\$" in your answer.)
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