Business
Business, 02.06.2021 18:30, maddie7155

Rihanna Company is considering purchasing new equipment for $584,800. It is expected that the equipment will produce net annual cash flows of $68,000 over its 10-year useful life. Annual depreciation will be $58,480. Compute the cash payback period. (Round answer to 1 decimal place, e. g. 10.5.) Cash payback period enter the cash payback period in years rounded to 1 decimal place

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