Business, 25.11.2020 21:00 juliopejfuhrf2338
Grayson Company is considering a purchase of equipment that costs $49,000 and is expected to offer annual cash inflows of $13,000. Grayson's minimum required rate of return is 10%. How many years must the cash flows last for the investment to be acceptable?A) 3 Years.
B) 4 Years.
C) 5 Years.
D) 6 Years.
Answers: 3
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