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The Bolt Company is considering investing in a wind turbine to generate its own power, Any unused power will he sold back to the local
The Bolt Company is considering investing in a wind turbine to generate its own power, Any unused power will he sold back to the local utility company. Between cost savings and new revenues, the company expects to generate $843,750 per year in net cash inows from the turbine, The turbine would cost $4.5 million and is expected to have a 20-year useful lite with no residual value. Calculate the payback period. First enter the formula. then calculate the payback period. (Enter amounts in the formula as whole dollars and not in millions. Round the payback period to two decimal places.) l:+ years Payback period
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