Investment in an item of equipment is 22000 it has a, Engineering Mathematics

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Investment in an item of equipment is 22000 it has a

Question: Investment in an item of equipment is $22,000. It has a five-year life and no salvage value and straight-line depreciation is used. The equipment is expected to provide an annual savings of $2,900, which does not include depreciation. What is the payback period?

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Engineering Mathematics: Investment in an item of equipment is 22000 it has a

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