Question
What is the payback period of a micro-sprinkler irrigation system that costs $60,000 and has returns of: $25,000 in year one, $20,000 in year two,
What is the payback period of a micro-sprinkler irrigation system that costs $60,000 and has returns of: $25,000 in year one, $20,000 in year two, $15,000 in year three, and $10,000 in year four? All cash outflows occur at the end of the year.
a.1 year
b.2 years
c.3 years
d.4 years
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Cost Management A Strategic Emphasis
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins
6th Edition
78025532, 978-0077523732, 77523733, 978-0078025532
