(Answered) A machine costs 5240 and produces benefits of 1000 at the

Economics

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"?

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