Order the answer to: A machine costs $5240 and produces benefits

Academic Help business economics Order the answer to: A machine costs $5240 and produces benefits

business economics

Order the answer to: A machine costs $5240 and produces benefits

Question A machine costs $5240 and produces benefits of $1000 at the end of each year for eight years. Assume continuous compounding and a nominal annual interest rate of 10%. (a) What is the payback period (in years)? (b) What is the breakeven point (in years)? (c) Since the answers in (a) and (b) are different, which one is “correct”?
Subject business economics
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