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XYZ Company is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in

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XYZ Company is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income of $3,000. The equipment will have an initial cost of $10,000 and have a 5-year life. There is no salvage value of the equipment, What is the accounting rate of retur? 30% 50% 20% 10% QUESTION 33 Refer to Question 32 OXYZ Company) What is the payback period? 5 years 10 years 333 years 2 years

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