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quester [9]
3 years ago
9

A machine can be purchased for $100,000 and used for five years, yielding the following net incomes. In projecting net incomes,

straight-line depreciation is applied using a five-year life and a zero salvage value. Year 1 Year 2 Year 3 Year 4 Year 5 Net income $ 6,700 $ 16,700 $ 38,000 $ 25,100 $ 66,800 Compute the machine’s payback period (ignore taxes). (Round your intermediate calculations to 3 decimal places and round payback period answer to 3 decimal places.)
Arts
1 answer:
horsena [70]3 years ago
7 0

Answer: 2.69 years

Explanation:

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This profession later declined and started to die out as professional entertainers started to divide their roles between acrobats, singers, musicians, actors, etc.

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