What is acmes discounted payback period, Financial Accounting

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What is acmes discounted payback period

Problem

ACME Refining uses discounted payback to evaluate capital investments. The company expects $900,000 in cost savings over 8 years from an oil separator that costs $3,500,000. There is no residual value. ACME's cost of capital is 12%. What is ACME's discounted payback period?

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Financial Accounting: What is acmes discounted payback period

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Financial Accounting: What is acmes discounted payback period

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