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belka [17]
3 years ago
13

7 points Check my workCheck My Work button is now disabled1Item 3 A company with $795,000 in operating assets is considering the

purchase of a machine that costs $85,000 and which is expected to reduce operating costs by $17,000 each year. These reductions in cost occur evenly throughout the year. The payback period for this machine in years is closest to (Ignore income taxes.): (Round your answer to 1 decimal place.)
Business
1 answer:
Mashutka [201]3 years ago
4 0

Answer:

5 years

Explanation:

Calculation to determine what The payback period for this machine in years is closest to

Using this formula

Payback period = Cost of asset / Xash flows

Let plug in the formula

Payback period=$85,000/ $17,000

Payback period= 5 years

Therefore The payback period for this machine in years is closest to 5 years

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