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Landscaping Inc.would like to purchase a tractor for $425,000.The tractor is expected to have a life of five years,and no salvage value.Annual maintenance costs will total $12,500.Annual labor and material savings are predicted to be $118,750.The company's required rate of return is 8 percent.
What is the payback period for this investment (round to the nearest month) ?
Organizational Citizenship
Behaviors displayed by employees that go beyond their basic job requirements, often contributing to overall organizational effectiveness.
Emotional Intelligence
The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.
Psychological Contract
An unwritten agreement of mutual expectations between employees and employers beyond the formal employment contract.
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Refers to the individual or collective acts of adding or donating something of value to a project, cause, or body of knowledge.
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