Solution-Compute the payback period

Compute the payback period

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Question - Rico Petricelli Industries invests $960,000 in plant assets with an estimated 10-year service life and no salvage value. These assets contribute $64,000 to annual net income when depreciation is computed on a straight-line basis. Compute the payback period.

Reference no: EM133088163

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Compute the payback period

Reference no: EM133088163

Reference no: EM133088163

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