Determine the payback period at an interest rate of 10% per year for an asset that initially cost $59,000, has a scrap value of $1500 whenever it is sold, and generates cash flow of $9,080 per year for 15 years. Your answer: O 12 years O 15 years O 6 years O 4 years O 5 years O 10 years O 13 years O 7 years O 14 years O 8 years O 9 years O 3 years

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Question 4
Determine the payback period at an interest rate of 10% per year for an asset that initially cost $59,000, has a scrap value of $1500 whenever it is sold, and
generates cash flow of $9,080 per year for 15 years.
Your answer:
O 12 years
O 15 years
O 6 years
O 4 years
O 5 years
O 10 years
O 13 years
7 years
O 14 years
O 8 years
O 9 years
O 3 years
Transcribed Image Text:Question 4 Determine the payback period at an interest rate of 10% per year for an asset that initially cost $59,000, has a scrap value of $1500 whenever it is sold, and generates cash flow of $9,080 per year for 15 years. Your answer: O 12 years O 15 years O 6 years O 4 years O 5 years O 10 years O 13 years 7 years O 14 years O 8 years O 9 years O 3 years
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