Solved: A machine can be purchased for 150000 and used for 5 years, Corporate Finance

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A machine can be purchased for 150000 and used for 5 years

A machine can be purchased for $ 150,000 and used for 5 years, yielding the following net incomes. In projecting net incomes, double declining balance depreciation is applied, using a 5 year life and a zero salvage value. Compute the machine's payback period (ignore taxes).

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(Round the payback period to threedecimals.)

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Corporate Finance: A machine can be purchased for 150000 and used for 5 years

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