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
And, the cash flows is
= $8,500 - $1,500
= $7,000
So the payback period is
= $30,000 ÷ $7,000
= 4.29 years
By dividing the initial investment by the cash flows we can get the payback period and the same is applied above.
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The probability of compound events refers to mathematical formulas and methods that are used to find out the likelihood that two independent events will happen.
<h3>What is compound probability?</h3>
Your question is incomplete so instead, I'll give an overview of compound events probability.
Compound events refer to independent events so when we look for compound event probability, we are trying to find out how possible it is that both these independent events happen.
The simplest method is by multiplying the probabilities of these two events with the product being the compound probability.
Find out more on compound probability at brainly.com/question/1553768.
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Is that the full question
