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Please answer A company is planning to purchase an asset known as AS. This would cost Rs. 50,000 and will have a life of 7

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A company is planning to purchase an asset known as AS. This would cost Rs. 50,000 and will have a life of 7 years. Approximate flow of cash annually is Rs 5500. What is the payback period of asset AS and determine whether the machine should purchase this keeping in mind the maximum desired payback period is 7 years. A. 9.09 years, Yes B. 9.50 years, No C. 9.09 years, No D. 9.50 years, Yes

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