Question
You are considering the purchase of a Ben & Jerrys booth. This booth will cost $9,000. Sales are expected to be $3,600 per year for
You are considering the purchase of a Ben & Jerrys booth. This booth will cost $9,000. Sales are expected to be $3,600 per year for the next 3 years. After the three years, the value is expected to be zero. What is the payback period?
Select one:
a.1.48
b.1.67
c.1.91
d.2.0
e.2.5
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
