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1 200 Help Save A company is planning to purchase a machine that will cost $53,172, have a six-year life, and will have no salvage
1 200 Help Save A company is planning to purchase a machine that will cost $53,172, have a six-year life, and will have no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine? Sales Costs Manufacturing Depreciation on machine Selling and administrative expenses Incone Multiple Choice O 166 years 6.33 years O 25.32 years 4.22 years 106 year $189,000 $113,400 4,000 63,000 (180,400) $9,600
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