First Choice Carpets is considering purchasing new weaving equipment costing $738,000. The company's management has esti
Posted: Sun Jul 03, 2022 1:23 pm
- First Choice Carpets Is Considering Purchasing New Weaving Equipment Costing 738 000 The Company S Management Has Esti 1 (13.86 KiB) Viewed 12 times
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