Krate Incorporated is considering a $635,000 investment in new equipment that is anticipated to produce...
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Accounting
Krate Incorporated is considering a $635,000 investment in new equipment that is anticipated to produce the following net cash inflows:
YearNet Cash Inflows1$ 120,0002240,0003110,000460,0005140,000If cash flows occur evenly throughout a year, the equipment's payback period is:
4 years 8 months.
4 years 9 months.
4 years 10 months.
5 years.
None of these options is correct.
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