The production budget is as follows: June July August Desired ending inventory ? ? 2 Beginning inventory ? ? ? Budgeted sales ? 15 Budgeted production ? ? ? The desired ending inventory each month is equal to 20% of the following month's sales. Compute budgeted production in July. O 13 units 3 units 18 units O not enough information 0 17 units You are planning to buy new equipment for $2,000. The equipment will generate net cash flows of $250 a year for the next 100 years. The cost of capital is 50% a year. Annual depreciation is $100 a year. Compute the payback period. o not enough information - need to know the time value of money 100 years from now O 8 years O 0.125 years 0 16 years 13.33 years