A company is considering investing in new equipment that will cost the company $2,572 at time = 0. The after-tax cash flows are expected to be $430 each year for 14 years. What is the payback period? Round your answer to two decimal points. =

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter13: Other Financing Alternatives
Section: Chapter Questions
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A company is considering investing in new
equipment that will cost the company $2,572 at time
= 0. The after-tax cash flows are expected to be $430
each year for 14 years. What is the payback period?
Round your answer to two decimal points.
=
Transcribed Image Text:A company is considering investing in new equipment that will cost the company $2,572 at time = 0. The after-tax cash flows are expected to be $430 each year for 14 years. What is the payback period? Round your answer to two decimal points. =
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