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)
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F94c16d1d-f6b7-49fe-b933-b914733d2483%2F3c74e126-a080-4ce5-9bfe-49771424c3e4%2Ftlpgr6_processed.png&w=3840&q=75)
Transcribed Image Text: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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