What is payback period-expected remaining life of the cart

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Reference no: EM13806762

It will cost $3,500 to acquire a small hot dog cart. Cart sales are expected to be $1,500 a year for three years. After the three years, the cart is expected to be worthless as that is the expected remaining life of the cart. What is the payback period?

1.11 years

1.33 years

2.11 years

2.33 years

3.11 years

Reference no: EM13806762

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