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Business, 22.04.2020 00:54 Ashbff18

Payson Manufacturing is considering an investment in a new automated manufacturing system. The new system requires an investment of $1,200,000 and either has: Even cash flows of $400,000 per year or The following expected annual cash flows: $150,000, $150,000, $400,000, $400,000, and $100,000. Required: Calculate the payback period for each case. Round your answer to one decimal place.

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Payson Manufacturing is considering an investment in a new automated manufacturing system. The new s...
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