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Homework answers / question archive / Globe Enterprises purchased a new machinery with a total cost of Php 15

Globe Enterprises purchased a new machinery with a total cost of Php 15

Accounting

Globe Enterprises purchased a new machinery with a total cost of Php 15.225 and a useful !tie of 6 years. The machinery will produce net cash inflows of Php 3.625 over its useful life and has a residual value of Php 1,062.50 What is the payback period for the new machinery? 
Select one. a 3 25 years b 4.49 years c 4 20 years d 3 91 years 
 

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