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Following is information pertaining to an investment made in an equipment by Sunset Incorporation. Using the given information calculate the payback period of the investment. Round the answer to 2 decimal places. Initial Investment Useful life Salvage Value Annual net income generated Cost of Capital 5.16 years 9 years 5.61 years 11.11 years $210,000 10 years $25,000 $18,900 11%

Following is information pertaining to an investment made in an equipment by Sunset Incorporation. Using the given information calculate the payback period of the investment. Round the answer to 2 decimal places. Initial Investment Useful life Salvage Value Annual net income generated Cost of Capital 5.16 years 9 years 5.61 years 11.11 years $210,000 10 years $25,000 $18,900 11%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Following is information pertaining to an investment made in an equipment by Sunset Incorporation. Using the given information calculate the payback period of the investment. Round the answer to 2 decimal places. Initial Investment Useful life Salvage Value Annual net income generated Cost of Capital 5.16 years 9 years 5.61 years 11.11 years $210,000 10 years $25,000 $18,900 11%
Transcribed Image Text:Following is information pertaining to an investment made in an equipment by Sunset Incorporation. Using the given information calculate the payback period of the investment. Round the answer to 2 decimal places. Initial Investment Useful life Salvage Value Annual net income generated Cost of Capital 5.16 years 9 years 5.61 years 11.11 years $210,000 10 years $25,000 $18,900 11%
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