What is the simple payback period (in years) for an investment of $165,000 if the net annual income is $35,000?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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What is the simple payback period (in years) for an investment of $165,000 if the net annual income is $35,000?

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