A process for making a laboratory-grade sodium phosphate will have a first cost of $320,000 with annual costs of $40,000 and revenue of $98,000 per year. At a return requirement of 20% per year, the payback period is closest to:a. 3 yearsb. 5 yearsc. 7 yearsd. ∞; it will never pay off
A process for making a laboratory-grade sodium phosphate will have a first cost of $320,000 with annual costs of $40,000 and revenue of $98,000 per year. At a return requirement of 20% per year, the payback period is closest to:a. 3 yearsb. 5 yearsc. 7 yearsd. ∞; it will never pay off
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A process for making a laboratory-grade sodium phosphate will have a first cost of $320,000 with annual costs of $40,000 and revenue of $98,000 per year. At a return requirement of 20% per year, the payback period is closest to:
a. 3 years
b. 5 years
c. 7 years
d. ∞; it will never pay off
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