Question
You are reviewing a capital budget proposal. If your business purchases a delivery vehicle for $25,700, it will save the following after-tax cash flows: $10,700
You are reviewing a capital budget proposal. If your business purchases a delivery vehicle for $25,700, it will save the following after-tax cash flows: $10,700 for year 1, $7,500 for year 2, $6,000 for year 3, and $5,500 for year 4. What is the payback period for the proposal?
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Fundamentals Of Investments Valuation And Management
Authors: Bradford D Jordan, Thomas W. Miller Jr., Steven D. Dolvin
6th Edition
0073530719, 9780073530710
