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The plant manager at Aros Industries would like to quickly determine the payback period for a new $250,000 machine that she is contemplating purchasing. If

The plant manager at Aros Industries would like to quickly determine the payback period for a new $250,000 machine that she is contemplating purchasing. If she estimates benefits of $62,500 in the first year, increasing by 12% per year, what is the payback period for the machine?


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