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Sunland, Inc., is purchasing machinery at a cost of $4,074,720. The companys management expects the machinery to produce cash flows of $902,410, $1,199,160, and $2,100,150
Sunland, Inc., is purchasing machinery at a cost of $4,074,720. The companys management expects the machinery to produce cash flows of $902,410, $1,199,160, and $2,100,150 over the next three years, respectively. What is the payback period? (Round answer to 2 decimal places, e.g. 15.25.)
Payback period is | ____ | years |
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