A grocery store is considering the purchase of a new refrigeration unit with an Initial Investment of $412,000, and the store expects a return of $100,000 in year one, $72000 in years two and three, $65,000 in years four and five, and $38,000 in year six and beyond, what is the payback period?

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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A grocery store is considering the purchase of a new refrigeration unit with an Initial Investment of $412,000, and the
store expects a return of $100,000 in year one, $72000 in years two and three, $65,000 in years four and five, and
$38,000 in year six and beyond, what is the payback period?
Transcribed Image Text:A grocery store is considering the purchase of a new refrigeration unit with an Initial Investment of $412,000, and the store expects a return of $100,000 in year one, $72000 in years two and three, $65,000 in years four and five, and $38,000 in year six and beyond, what is the payback period?
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