Solution-What is the payback period in years

What is the payback period in years

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A machine costs $5,240 and produces benefits of $1,000 at the end of each year for 8 years. assume an annual interest rate of 10%.

a) What is the payback period in years?

b) What is the breakeven point in years?

c) Since the answers in (a) and (b) are different, which one is "correct"?

Reference no: EM131399262

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What is the payback period in years

Reference no: EM131399262

Reference no: EM131399262

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