It would be the Armed Services Vocational Aptitude Battery (ASVAB<span>).</span>
Ok?.... why are you telling us this is it a question?
Based on the cost of the capital investment in the new equipment and the cash flows for the next five years, the payback period is 2.4 years.
<h3>What is the payback period?</h3>
The payback period can be found by the formula:
= Year before payback + Amount remaining to be paid / Cashflow in year of payback
The year before payback can be inferred to be the Second year because $14,000 would have come in.
The remaining amount is:
= 16,000 - 14,000
= $2,000
Payback period is:
= 2 + 2,000 / 5,000
= 2.4 years.
Find out more on the payback period at brainly.com/question/23149718.
Answer:
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