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A new piece of equipment costs $120.000. The company can get $11.000 for trading in their old machine. Follow is financial data relevant to the new machine: $42,000 revenue; $24,000 cash expenses; useful life 10 years; depreciation expense $9.000 per year. The payback period is: 6.056 years 6.667 years 13.333 years 12.111 years