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Author Question: Brackett Corporation is adding a new product line that will require an investment of $120,000. The ... (Read 17 times)

mrsjacobs44

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Brackett Corporation is adding a new product line that will require an investment of $120,000. The product line is estimated to generate cash inflows of $25,000 the first year, $23,000 the second year, and $18,000 each year thereafter for ten more years. What is the payback period?
◦ 6.67 years
◦ 4.80 years
◦ 6.32 years
◦ 6.00 years


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Marked as best answer by mrsjacobs44 on Jan 5, 2020

soda0602

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mrsjacobs44

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Reply 2 on: Jan 5, 2020
YES! Correct, THANKS for helping me on my review


komodo7

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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