Question
Stuck on this one please help The customer would have his or her foot scanned by digital computer equipment; this information would be used to
Stuck on this one please help
The customer would have his or her foot scanned by digital computer equipment; this information would be used to cut the raw materials to provide the customer a perfect fit. The new equipment costs $108,000 and is expected to generate an additional $41,000 in cash flows for five years. A bank will make a $108,000 loan to the company at a 10% interest rate for this equipment's purchase. Compute the recovery time for both the payback period and break-even time. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
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