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Sunny_sXe [5.5K]
2 years ago
8

What point on the graph represents ignors data

SAT
1 answer:
Firdavs [7]2 years ago
3 0
The origin or (0,0) I need more character lol
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A piece of equipment costs $30,000, and is expected to generate $8,500 of annual cash revenues and $1,500 of annual cash expense
djverab [1.8K]

Answer:

C. 4.29 years

Explanation:

The computation of the payback period is shown below:

Payback period = Initial investment of the equipment ÷ Cash flows

where,

Initial investment = $30,000

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= $8,500 - $1,500

= $7,000

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= $30,000 ÷ $7,000

= 4.29 years

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