A company invests in upgrades to improve the gas mileage of its transportation fleet. These upgrades...

A company invests in upgrades to improve the gas mileage of its transportation fleet. These upgrades require an initial investment of $550,000 but save the company $140,000 per year. What is the discounted payback period of these improvements assuming a MARR of 8%, assuming interest is compounded at the end of the year?

Carry all interim calculations to 5 decimal places and then round your final answer up to a whole number.

Expert Solution

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jeff jeffy answered 2 years ago

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