If an equipment investment costs 15228$ with a 5-year useful life and provided additional annual sales revenue of $4,500

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answerhappygod
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If an equipment investment costs 15228$ with a 5-year useful life and provided additional annual sales revenue of $4,500

Post by answerhappygod »

If an equipment investment costs
15228$ with a 5-year useful life and provided
additional annual sales revenue of $4,500, expenses (excluding
depreciation) of 55%, and the company is in a 20% tax bracket, what
is the payback period in years? Straight line depreciation is used.
Round your answer to the nearest 2 decimal places.
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