Assume you started a sideline business in commercial photography last year using your then-owned equipment. Due to excellent success, you plan to purchase new equipment and upgrade your studio facility. First cost of equipment, $ Annual expenses, $ per year Annual revenue, $ per year -160,000 -45,000 75,000 ermine the no-return payback period. e no-return payback period is years.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Assume you started a sideline business in commercial photography last year using your then-owned equipment. Due to
excellent success, you plan to purchase new equipment and upgrade your studio facility.
First cost of equipment, $
Annual expenses, $ per year
Annual revenue, $ per year
|-160,000
|-45.000
75,000
Determine the no-return payback period.
The no-return payback period is |
years.
Transcribed Image Text:Assume you started a sideline business in commercial photography last year using your then-owned equipment. Due to excellent success, you plan to purchase new equipment and upgrade your studio facility. First cost of equipment, $ Annual expenses, $ per year Annual revenue, $ per year |-160,000 |-45.000 75,000 Determine the no-return payback period. The no-return payback period is | years.
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