A logistics firm is planning to acquire a winching machine which costs $85000 having life span of 6 years. It is estimated that this winching machine will save around $20000 annually in labor costs After the useful life span of the machine it can be sold for $10000 as a scrap MARR for the firm is 10% Find the payback period of the investment? O3 O6 O5 O2

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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A logistics firm is planning to acquire a winching machine which costs $85000 having life span of 6 years. It is estimated that this winching machine will save around $20000 annually in labor costs After the useful life span of the machine it can be sold for $10000 as a scrap MARR for the firm is 10% Find the payback period of the investment?
O3
O6
O5
O2

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