First Choice Carpets Is Considering Purchasing New Weaving Equipment Costing 738 000 The Company S Management Has Esti 1 (13.86 KiB) Viewed 11 times
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First Choice Carpets is considering purchasing new weaving equipment costing $738,000. The company's management has estimated that the equipment will generate cash nows as follows: Year 1 $210,000 2 210,000 3 254,000 4 254,000 5 165,000 Considering the residual value is zero, calculate the payback period (Round your answer to two decimal places) OA 379 years OB. 3.49 years OC. 3.25 years OD. 4.42 years
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