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Landmark Prints is considering an investment in new equipment costin $520,000. The equipment will be depreciated on a straight-line bases over a five-year life and
Landmark Prints is considering an investment in new equipment costin $520,000. The equipment will be depreciated on a straight-line bases over a five-year life and is expected to generate net cash inflows of $128,000 for the first year, $160,000 for the 2nd year, and $154,000 every year thereafer until the 5th year. what is the payback period for this investment? The residual value is zero. (round your answer to two decimal places)
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