(Table: Payback Period) What is the payback period on this investment? If management requires a two-year payback period, will it approve the investment? If management instead uses the net present value method, will it approve this investment at a 10% interest rate? 
Definitions:
Sales Dollars
The total revenue generated from the sale of goods or services, measured in dollar amount.
Common Fixed Expenses
Expenses that remain constant in total regardless of changes in the level of activity or volume of output.
Break-even
The point at which total cost and total revenue are equal, meaning there is no net loss or gain.
Net Operating Income
The total profit of a company after operating expenses but before deducting interest and taxes.
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