It will cost 3500 to acquire a small hot dog cart cart, Ask an Expert

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It will cost $3,500 to acquire a small hot dog cart. Cart sales are expected to be $1,500 a year for three years. After the three years, the cart is expected to be worthless as that is the expected remaining life of the cart. What is the payback period?

1.11 years

1.33 years

2.11 years

2.33 years

3.11 years

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91376741

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