You want to make an investment of $2,000,000 in new equipment which is expected to generate $230,000 in revenue per year. What is the simple payback period? Round off to 2 decimal places. (ex. 2.00, 2.33)

You want to make an investment of $2,000,000 in new equipment which is expected to generate $230,000 in revenue per year. What is the simple payback period? Round off to 2 decimal places. (ex. 2.00, 2.33)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 14EA: How much must be invested now to receive $30,000 for 10 years if the first $30.000 is received one...

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You want to make an investment of $2,000,000 in new equipment which
is expected to generate $230,000 in revenue per year. What is the simple
payback period? Round off to 2 decimal places. (ex. 2.00, 2.33)
Your answer

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