An eight-year project is estimated to cost $528,000 and have no residual value. If the...
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Accounting
An eight-year project is estimated to cost $528,000 and have no residual value. If the straight-line depreciation method is used and the average rate of return is 13%. Determine the estimated annual net income. A project has estimated annual net cash flows of $60,200. It is estimated to cost $620,060. Determine the cash payback period. Present the answer to one decimal place. years
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