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Business, 27.05.2021 02:30 rjone8429

Fuzzy Tail Industries produces wooden picnic tables for fuzzy creatures (hamster and squirrel size are its most popular products). The company is deciding whether or not to purchase a new machine that would require an initial investment of $52,000 and is expected to generate future cash flows of $10,000 in years 1 through 3, $8,000 for years 4 and 5, and $2,000 for years 6 and 7, and $4,000 for years 8 through 10. The company prefers a payback period of 4 years or less. What is the payback period for this machine

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