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Trumpet Publishing is considering the purchase of a used printing press costing $25,600. The printing press would generate a net cash inflow of $10,000 a
Trumpet Publishing is considering the purchase of a used printing press costing $25,600. The printing press would generate a net cash inflow of $10,000 a year for 10 years. At the end of 10 years, the press would have no salvage value. The company's cost of capital is 10 percent. The company uses straight-line depreciation. The investment's payback period in years (rounded to two decimal points) is: Select one: OA 2.56 8.3.00 O C1.92 00.2.13
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