SOLVED: A machine is under consideration for investment. The initialcost of the machine is 25,000. Each year it operates, the machinegenerates a savings of15,000. Given an effective annual interestrate of 18%, what is the discounted payback period, on theinvestment in the machine? (hint find n)1.67 years1.75 years2.16 years3.17 years
SOLVED: A machine is under consideration for investment. The …
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