• 2022-06-06
    The cost of a new machine is $250,000. The machine has a five-year life and no salvage value. If the cash flow each year is equal to 25 percent of the cost of the machine, calculate the payback period for the project.
    A: 2.0 years
    B: 2.5 years
    C: 3.0 years
    D: 4.0 years