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1) A company is contemplating the purchase of a copy machine, which would be used to make copies to sell to customers for 7.5 cents

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1) A company is contemplating the purchase of a copy machine, which would be used to make copies to sell to customers for 7.5 cents each. The following estimates are available: Initial outlay $4,500 Annual cash inflow 1,800 1 Required: Determine the payback period for the copy machine purchase. Be sure to show all your work

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