Rate of interest
$75,000
10
$10,190
$56,000
6
$12,115
Purchase price of equipment
Period of useful life
Annual revenue generated per year
Operating costs associated with revenue
Depreciation expense per year
Payback period result
$550,000
10 years
$100,000
$32,000
$55,000
$350,000
10 years
$80,500
$36,000