Question

Ha-Meem Group is a leading wholesale clothing manufacturer in Bangladesh. Management of this company is considering buying embroidery machine for designing purposes in cloths. The machine would cost $900,000. It would have an estimated life of 6 years and no salvage value. The company estimates that annual cash Inflows would increase by $60,000. Management requires a payback period of 12 years or less on all investments. What is the payback period for this embroidery machine? Will the company buy this machine or not? Decide as a manager.​

Answer 1

Answer:

I don't know the answer of this question.