Question: Suppose you are considering buying a machine that costs $7,000. It will generate revenues of $1,500 for the next 3 years, and then $1,000 for the following 5 years. What is the payback period of this investment?

Question: Suppose you are considering buying a machine that costs \\( \\$ 7,000 \\). It will generate revenues of \\( \\$ 1,500 \\) for the next 3 years, and then \\( \\$ 1,000 \\) for the following 5 years. What is the payback period of this investment