What is the payback period if a copy shop is thinking about buying a new copier with an initial investment cost of $150,000 and the shop anticipates an annual net cash flow of $20,000? Round up by one decimal point to the nearest tenth.. What is the payback period if a copy center is thinking about buying a new copier with an initial investment cost of $150,360 and the center anticipates an annual net cash flow of $11,214? Round up by one decimal point to the nearest tenth.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 7EA: A mini-mart needs a new freezer and the initial Investment will cost $300,000. Incremental revenues,...
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What is the payback period if a copy shop is thinking about buying a new
copier with an initial investment cost of $150,000 and the shop anticipates
an annual net cash flow of $20,000? Round up by one decimal point to the
nearest tenth.
What is the payback period if a copy center is thinking about buying a new
copier with an initial investment cost of $150,360 and the center
anticipates an annual net cash flow of $11,214? Round up by one decimal
point to the nearest tenth.
Transcribed Image Text:What is the payback period if a copy shop is thinking about buying a new copier with an initial investment cost of $150,000 and the shop anticipates an annual net cash flow of $20,000? Round up by one decimal point to the nearest tenth. What is the payback period if a copy center is thinking about buying a new copier with an initial investment cost of $150,360 and the center anticipates an annual net cash flow of $11,214? Round up by one decimal point to the nearest tenth.
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