Question
Today, Raspberry Inc. is investing $190,000 in some new candy-making equipment. The company expects the cash flows to increase by $60,000 a year for the
Today, Raspberry Inc. is investing $190,000 in some new candy-making equipment. The company expects the cash flows to increase by $60,000 a year for the next three years and $50,000 a year for the following five years as a result of this investment. How long must the firm wait until it recovers all of its initial investment?
| 4.12 years | ||
| 5.81 years | ||
| 2.39 years | ||
| 3.20 years |
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McGraw-Hill Education SAT 2017
Authors: Christopher Black, Mark Anestis
1st Edition
1259641651, 978-1259641657
