Topic: Capital Budgeting ABC Corporation made a net investment of P500,000 in a vending...
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Accounting
Topic: Capital Budgeting
ABC Corporation made a net investment of P500,000 in a vending machine. Over the five years of its useful life, the machine is expected to have net cashflows of P250,000, P200,000, P80,000, P75,000 and P50,000.
Based on those information, what is the payback period in years of the vending machine?
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