Solution-What the payback period for the new equipment is

What the payback period for the new equipment is

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Reference no: EM132758041

Problem 1: Parker, Inc purchased new equipment for $59,100. The new equipment would save on operating costs over the next 5 years as follows: $22,000 in year 1; $21,700 in year 2; $24,000 in year 3; $12,900 in year 4; and $13,000 in year 5. The payback period for the new equipment is ______ years. Enter your answer rounded to 2 decimals

Reference no: EM132758041

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What the payback period for the new equipment is

Reference no: EM132758041

Reference no: EM132758041

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