Covington Corporation purchased a vibratory finishing

Last updated: 1/27/2024

Covington Corporation purchased a vibratory finishing machine for 15 000 in year 0 The useful life of the machine is 10 years at the end of which the machine is estimated to have a salvage value of zero The machine generates net annual revenues of 6 500 The annual operating and maintenance expenses are estimated to be 1 100 If Covingto MARR is 20 how many years will it take before this machine becomes profitable Assume that the cash flows occu continuously throughout the year It will take years before this machine becomes profitable Round to one decimal place