Answer:
willing and wanting to buy
Explanation:
Answer: the land was well suited for these types of activities
Explanation: because the land was already quite empty and had plenty of land for farmers to partake in
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.
