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It will cost $3,000 to acquire a small ice cream cart. Cartsales are expected to be $2,200

It will cost $3,000 to acquire a small ice cream cart. Cartsales are expected to be $2,200 a year for four years. After thefour years, the cart is expected to be worthless as that is theexpected remaining life of the cooling system. What is the paybackperiod of the ice cream cart?

2.93 years

0.34 years

0.73 years

5.45 years

1.36 years

Dec 04 2019 View more View Less

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