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Mega Company is considering the purchase of a new machine. The invoice price of the machine is $81,120, freight charges are estimated to be $3,120,
Mega Company is considering the purchase of a new machine. The invoice price of the machine is $81,120, freight charges are estimated to be $3,120, and installation costs are expected to be $6,500. The annual cost savings are expected to be $26,000 for 10 years. Calculate the cash payback period. (Round answer to 2 decimal places, e.g. 15.25.)
TLC Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to bid on jobs that it currently is not equipped to do. Estimates for each machine are as follows:
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