Payback period for the machine in years


Question: A company with $2,000,000 in operating assets is considering purchasing a machine that costs $300,000 and which is expected to reduce operating costs by $60,000 each year. The payback period for this machine in years is closest to ______?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Payback period for the machine in years
Reference No:- TGS02045438

Now Priced at $20 (50% Discount)

Recommended (96%)

Rated (4.8/5)