Dukes company is considering the acquisition of a machine, Financial Accounting

Dukes company is considering the acquisition of a machine

Dukes Company is considering the acquisition of a machine that costs $339,724.00. The machine is expected to have a useful life of 6 years, a negligible residual value, an annual cash flow of $79,005.58, and annual operating income of $87,282.00. Determine the estimated cash payback period for the machine (round to one decimal point).

5 years

2.5 years

3 years

4.3 years

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Financial Accounting: Dukes company is considering the acquisition of a machine

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Financial Accounting: Dukes company is considering the acquisition of a machine

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