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If an asset costs $240,000 and is expected to have a $40,000 salvage value at the...

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Finance

If an asset costs $240,000 and is expected to have a $40,000salvage value at the end of its ten-year life, and generates annualnet cash inflows of $40,000 each year, the cash payback periodis

A.

7 years.

B.

6 years.

C.

4 years.

D.

5 years.

Answer & Explanation Solved by verified expert
3.8 Ratings (643 Votes)
ANSWER B 6 YEARSACTUALLY BY LOOKING AT SUM    See Answer
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