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Gala2k [10]
2 years ago
11

The net initial investment for a piece of construction equipment is $2,900,000. Annual cash inflows are expected to increase by

$500,000 per year. The equipment has an 10-year useful life. What is the payback period?.
SAT
1 answer:
Harman [31]2 years ago
5 0

Based on the information given the payback period is 5.80 years.

<h3>Payback period:</h3>

Using this formula

Payback​ period = Net initial investment  / Estimated annual cash inflow

Where:

Net initial investment=$2,900,000

Estimated annual cash inflow=$500,000

Let plug in the formula

Payback​ period=$2,900,000/$500,000

Payback​ period=5.80 years

Inconclusion the payback period is 5.80 years.

Learn more about payback period here:brainly.com/question/23149718

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2 years ago
How many liters each of a 50% acid solution and a 75% acid solution must be used to produce 90 liters of a 60% acid solution? (R
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The numbers of liters that is needed is 40 liters of 25% solution and 40 liters of 65% solution.

<h3>What is the litters about?</h3>

Note that:

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We take y = volume of 65% solution.

So, Equation of total volume:

x + y = 80

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2 years ago
Is the simplified form of 2 square root of 3 ⋅ 2 square root of 6 rational? (1 point) Yes No
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In a recent school newspaper survey, 3,000 randomly selected teenagers were asked to cite their primary transportation method to
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