Compute the cash payback period for a capital investment.

Sep 8th, 2015
Anonymous
Category:
Accounting
Price: $5 USD

Question description

Brief Exercise 12-1

Rihanna Company is considering purchasing new equipment for $450,000. It is expected that the equipment will produce net annual cash flows of $60,000 over its 10-year useful life. Annual depreciation will be $45,000. Compute the cash payback period.

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