試題詳解

4. The net initial investment for a piece of construction equipment is $3,200,000. Annual cash inflows are expected to increase by $640,000 per year. The equipment has an 8-year useful life. What is the payback period?
(A) 3.00 years
(B) 4.00 years
(C)5.00 years
(D) 8.00 years