Purvell Corporation has just acquired a new machine with the following characteristics (Ignore income taxes.): Cost...

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Purvell Corporation has just acquired a new machine with the following characteristics (Ignore income taxes.): Cost of the eq

business accounting

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Answer 1

Answer #1

Correct option is: 3.33 years

Workings:
Payback period	=	Initial investment / Annual net cash flows
	=	$50000 / $15000
	=	3.33 years

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Answer 2

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