Rihanna Company is considering purchasing new equipment for $584,800. It is expected that the equipment will produce net annual cash flows of $68,000 over its 10-year useful life. Annual depreciation will be $58,480. Compute the cash payback period. (Round answer to 1 decimal place, e. g. 10.5.) Cash payback period enter the cash payback period in years rounded to 1 decimal place

Firms like papa john’s, domino’s, and pizza hut sell pizza and other products that are differentiated in nature. while numerous pizza chains exist in most locations, the differentiated nature of these firms’ products permits them to charge prices above marginal cost. given these observations, is the pizza industry most likely a monopoly, perfectly competitive, monopolistically competitive, or an oligopoly industry?