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Misha Larkins [42]
2 years ago
8

It will cost $3,000 to acquire a small ice cream cart. cart sales are expected to be $1,400 a year for three years. after the th

ree years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. what is the payback period of the ice cream cart?
a. .83 years
b. 1.14 years
c. 1.83 years
d. 2.14 years
e. 2.83 years
Business
1 answer:
Zanzabum2 years ago
6 0
<span>It will cost $3,000 to acquire a small ice cream cart. cart sales are expected to be $1,400 a year for three years. after the three years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. what is the payback period of the ice cream cart? 
a. .83 years 
b. 1.14 years 
c. 1.83 years 
d. 2.14 years 
e. 2.83 years
</span>

the answer is E.
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