Wildhorse Company is considering the purchase of a new machine. The invoice price of the machine is $72,020, freight charges are estimated to be $4,940, and installation costs are expected to be $6,500. The annual cost savings are expected to be $26,000 for 10 years. Calculate the cash payback period. (Round answer to 2 decimal places, e.g. 15.25.) Cash payback period years

Wildhorse Company is considering the purchase of a new machine. The invoice price of the machine is $72,020, freight charges are estimated to be $4,940, and installation costs are expected to be $6,500. The annual cost savings are expected to be $26,000 for 10 years. Calculate the cash payback period. (Round answer to 2 decimal places, e.g. 15.25.) Cash payback period years

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3EA: If a copy center is considering the purchase of a new copy machine with an initial investment cost...

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