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Question
Lily, a restaurant owner, is planning to invest in a multi-purpose ZS-13 baking oven. The oven costs $20,000 and will have a useful life of 10 years. The payback each year is $8,000. Assuming that the money is received evenly across the year, what will be the payback period if she decides to purchase the oven?A. 1 year and 5 months
B. 3 years and 3 months
C. 2 years and 1 month
D. 2 years and 6 months
Answer
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