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Mr. J's Bagels invested in a new oven for $30,000. The oven reduced the amount of time for baking which increased production and sales for

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Mr. J's Bagels invested in a new oven for $30,000. The oven reduced the amount of time for baking which increased production and sales for five years by the following amounts of cash inflows: Year 1 Year 2 Year 3 Year 4 Year 5 $15,000 $12,000 $10,000 $12,000 $10,000 Using the averaging method, the payback period for the investment in the oven would be: Multiple Choice 0.50 years 0 254 years 0 500 years C

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