A tractor shovel has a purchase price of Rs. 4.7 lacs and could save the organization an amount of rupees one lac per year on operating costs. The salvage value after the amortization period is 10% of the purchase price. The capital recovery period will be________________?
(A) 3.7 years
(B) 4.23 years
(C) 5 years
(D) 7.87 years
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