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24.2hw A machine can be purchased for $160,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of

24.2hw

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A machine can be purchased for $160,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $32,000. Compute the machine's payback period. (Round payback period answer to 2 decimal places.)

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