Problemlester feed mill is spending 230000 to update its, Ask an Expert

Accounting

Problem:

Lester feed mill is spending 230,000 to update its factory. The company estimates that this investment will improve its cash inflows by 46,500 a year for ten years.

Required:

Question: What is the payback period?

A. 4.03 years

B. 4.95 years

C. 5.39 years

D. 5.67 years

E. project never pays back

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91166927

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