Question
It will cost $7,200 to acquire a small ice cream cart. The net cash flows from the cart are expected to be $3,400 a year
It will cost $7,200 to acquire a small ice cream cart. The net cash flows from the cart are expected to be $3,400 a year for five years. After the five years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. What is the payback period of the ice cream cart?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
