Speedy Print Shop bought a new highminusspeed photo copier to offer customers the opportunity to...
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Accounting
Speedy Print Shop bought a new
highminusspeed
photo copier to offer customers the opportunity to make
highminusquality
copies out of their digital pictures. Its useful life is 6 years. The copier cost $7,740 and will generate annual cash inflows of $2,150. The residual value of the copier is $1,320. The payback period in years is closest to
A.
2.23.
B.
4.21.
C.
3.60.
D.
2.99.
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