Newport Corporation is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow $200,000. The equipment will have an initial cost of $900,000 and have a six-year life. There is no salvage value for the equipment. What is the payback period?

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O Cost of Goods Sold would be debited for $15,0o0. QUESTION 10 Newport Corp. is cons idering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $200,000. The equipment will have an initial cost of $90 0,000 and have a 6-year life. There is no salvage value for the equipment. What is the payback period? O 1.33 years O 4.50 years O 6.00 years O 2.57 years lick Save and Submit to save and submit. Click Save All Answers to