Business, 08.11.2019 00:31 skdkdksks

Purvell corporation has just acquired a new machine with the following characteristics (ignore income taxes.): cost of the equipment $ 50,000 annual cash savings $ 15,000 life of the machine 8 years the company uses straight-line depreciation and a $5,000 salvage value. assume cash flows occur uniformly throughout a year except for the initial investment and the salvage at the end of the project. the payback period is closest to: multiple choice 3.33 years 3.0 years 8.0 years 2.9 years

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