. A florist is buying a number of motoreycles to expand its delivery service. These will cost $78,000 but are expected to increase profits by $3000 per month over the next four years. What is the payback period in this case?
. A florist is buying a number of motoreycles to expand its delivery service. These will cost $78,000 but are expected to increase profits by $3000 per month over the next four years. What is the payback period in this case?
Chapter17: Capital And Time
Section: Chapter Questions
Problem 17.6P
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1. A florist is buying a number of motoreycles to expand its delivery service. These will cost $78,000 but are expected to increase profits by $3000 per month over the next four years. What is the payback period in this case?
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