(Answered) Question - if an asset costs 210000 and is expected to have

Accounting

Question - If an asset costs $210,000 and is expected to have a $30,000 salvage value at the end of its ten-year life, and generates annual net cash inflows of $30,000 each year, the cash payback period is?

a. 8 years

b. 7 years

c. 6 years

d. 5 years

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