Based on the information given the payback period is 5.80 years.
<h3>Payback period:</h3>
Using this formula
Payback period = Net initial investment / Estimated annual cash inflow
Where:
Net initial investment=$2,900,000
Estimated annual cash inflow=$500,000
Let plug in the formula
Payback period=$2,900,000/$500,000
Payback period=5.80 years
Inconclusion the payback period is 5.80 years.
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Answer:
knowing your personal values will help you to know when the other individuals values do not align with yours.
Answer:
look for places where the writer could add more details to help visualize
Explanation:
You take 1,650/22=75
Then 75•2.89
So your answer is $216.75 is how much it would cost to go 1,650 miles