First Choice Carpets is considering purchasing new weaving equipment costing $730,000.The company's management has estimated that the equipment will generate cash inflows as follows:
Considering the residual value is zero,calculate the payback period.(Round your answer to two decimal places. )
Definitions:
Online Video
A digital video content that is available on the internet for viewing, streaming, or downloading.
Fees
Charges or payments made for professional services, access to facilities, or other services provided by businesses or professionals.
Freemium Model
A business model where basic services are provided free of charge while more advanced features must be paid for.
Free Newspapers
are newspapers distributed without charge, often funded by advertising revenue, and aimed at increasing readership and influence.
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