Pick a manufacturing job that interests you and in no less than 125-words, describe the job, explain the job’s part in its manufacturing industry, and justify why the job is necessary in that industry and must be performed well. Please help!!

It will take 7.5 years to cover the initial investment. If the company take into account the tax shield of the depreciation expense, the payback period will be lower.

Explanation:

Giving the following information:

Initial investment= $16,000

Useful life= 8 years

Salvage value= $2,000

Cash inflows= $2,000

The payback period is the time required to cover the initial investment.

Year 1= 2,000 - 16,000= -14,000

Year 2= 2,000 - 14,000= -12,000

Year 3= 2,000 - 12,000= -10,000

Year 4= 2,000 - 10,000= -8,000

Year 5= 2,000 - 8,000= -6,000

Year 6= 2,000 - 8,000= -4,000

Year 7= 2,000 - 4,000= -2,000

Year 8= 4,000 - 2,000= 2,000 (Assuming the asset is sold for its salvage value)

To be more accurate:

(2,000/4,000)= 0.5

It will take 7.5 years to cover the initial investment. If the company take into account the tax shield of the depreciation expense, the payback period will be lower.