you are asked to approve or deny a request to purchase a new printer which costs 34,000 now but will increase efficiency and save $6500 cash/year for the next 6 years and can be sold after 6 years for...

you are asked to approve or deny a request to purchase a new printer which costs 34,000 now but will increase efficiency and save $6500 cash/year for the next 6 years and can be sold after 6 years for $2,000.  The discount rate is 12%

Approve                   Deny          (Show why using Net Present Value)

What would be the cash payback period.

Round to one decimal point.

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