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口 L Sophie is planning to buy a new delivery van for her meal kit delivery business. The cost of the van is $150,000, and she expects that her profits will be $25,000 in the first year and increase by $3,000 each year thereafter (a uniform gradient). If her MARR is 10%, what is the discounted payback period of the delivery van? Typed numeric answer will be automatically saved.

口 L Sophie is planning to buy a new delivery van for her meal kit delivery business. The cost of the van is $150,000, and she expects that her profits will be $25,000 in the first year and increase by $3,000 each year thereafter (a uniform gradient). If her MARR is 10%, what is the discounted payback period of the delivery van? Typed numeric answer will be automatically saved.

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter19: The Basic Tools Of Finance
Section: Chapter Questions
Problem 3CQQ
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口 L Sophie is planning to buy a new delivery van for her meal kit delivery business. The cost of the van is $150,000, and she expects that her profits will be $25,000 in the first year and increase by $3,000 each year thereafter (a uniform gradient). If her MARR is 10%, what is the discounted payback period of the delivery van? Typed numeric answer will be automatically saved.
Transcribed Image Text:口 L Sophie is planning to buy a new delivery van for her meal kit delivery business. The cost of the van is $150,000, and she expects that her profits will be $25,000 in the first year and increase by $3,000 each year thereafter (a uniform gradient). If her MARR is 10%, what is the discounted payback period of the delivery van? Typed numeric answer will be automatically saved.
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