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1a. Compute the payback period for the equipment. 2a. Compute the simple rate of return on the equipment. Use straight-line depreciation based on the equipments

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1a. Compute the payback period for the equipment.

2a. Compute the simple rate of return on the equipment. Use straight-line depreciation based on the equipments useful life.

A piece of labor-saving equipment has just come onto the market that Mitsui Electronics, Limited, could use to reduce costs in one of its plants in Japan. Relevant data relating to the equipment follow

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