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12) Flores Company has identified that the cost of new manufacturing equipment will be $60,000, but with the use of the new equipment, net

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12) Flores Company has identified that the cost of new manufacturing equipment will be $60,000, but with the use of the new equipment, net income will increase by $10,000 a year. The cash payback period is: a. 6 years. b. 8 years. c. 10 years. d. 12 years.

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