Determine the payback period for a project, Financial Accounting

GoFlo is a small growing firm that is considering the purchase of another truck to serve GoFlo's expanding customer base. The new truck will cost $21,000 and should generate annual net cash flows of $6,000 over the truck's 5-year life. What is the payback period for this project?

Posted Date: 3/28/2013 2:55:54 AM | Location : United States







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