Problemit will cost 2400 to acquire an ice cream cart cart, Ask an Expert

Finance

Problem:

It will cost $2,400 to acquire an ice cream 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 the expected life of the refrigeration unit is only three years.

Required:

Question: What is the payback period?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148453

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