Globe Enterprises Purchased a New Machine with a Total Cost

question 49

Multiple Choice

Globe Enterprises purchased a new machine with a total cost of $30,450 and a useful life of 6 years.The machine will produce net cash inflows of $7,250 over its useful life and has a residual value of $2,125.What is the payback period for the new machine?

• A)4.49 years
• B)3.91 years
• C)4.20 years
• D)3.25 years

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